Linedata snaps up Beauchamp Financial
ACQUISITION | LINEDATA BUYS LEADING LIGHT OF INDUSTRY IN £11M ALL-CASH DEAL
PARIS and LONDON – Linedata Services has pulled off something of a coup by announcing that it is set to acquire Beauchamp Financial Technology, one of the brightest lights in the specialist hedge fund technology industry. The all-cash transaction, which includes an initial payment of £11 million, follows Linedata's acquisition of mutual and hedge fund technology vendor Global Investment Systems earlier this year.
Clare Flynn Levy, president at BFT, explains that the acquisition will provide BFT
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