ADP To Buy Quotron's Non-Core Assets, Settling Lawsuit


Quotron has agreed to drop its copyright infringement lawsuit against ADP, as part of a deal to sell ADP most of its non-core assets. ADP will pay approximately $55 million for the assets, according to some sources, a premium of about $8 million above the negotiated value of the assets.

The deal will denude Quotron of nearly all non-core assets, including the Quotron International arm, its Securities Industry Software (SIS) Corp. back-office unit and perpetual licensing rights to use its Trad

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: