|By Business Wire||
|May 16, 2014 03:40 AM EDT||
CFH Group has entered into an agreement to purchase 50% of voting stock of Boston Technologies Inc. and Boston Prime Ltd in an all-cash transaction from Boston Technologies’ co-founder and partner, Kevin Millien. The deal is expected to close within days, pending final due diligence.
As part of the agreement, CFH Group has appointed Kevin Millien as a strategic consultant. His role will be to identify business and technology synergies between Boston Technologies and the individual companies within the CFH Group.
Commenting on the transaction, Christian Frahm, CEO of CFH Group says, “I believe that this transaction is highly accretive for both Boston Technologies’ prime of prime business and our own. Both organisations have proven to be leading innovators in the global FX market with cutting-edge technology. I am confident that this deal will fuel significant growth for both organisations.”
Kevin Millien adds, “CFH has built a successful brand by leveraging its experienced management team, strong client relationships and a well-honed technology focus to enable all stakeholders to realize the full potential of their business. It has quickly become the global leader in Prime of Prime Clearing and is renowned for providing best-of-breed technology to banks and brokerage houses across the globe. I am looking forward to collaborating with CFH Group to capitalize on the opportunities which this deal creates.”
After co-founding Boston Technologies in 2008, Kevin Millien joined the company on a full-time basis in 2009 as a 50% equity partner and had retained his ownership in the business when he left the company in 2013. Boston Technologies is repeatedly cited as one of the fastest growing young companies in America, with revenues of $20.5m in 2013. As a Director of the company, Kevin was instrumental in achieving this success and driving the business forward.
Boston Technologies is a world-leading innovator and provider of trading technology and software for institutional and retail brokerage firms trading in foreign exchange and other over-the-counter instruments. For further information, please visit www.bostontechnologies.com
CFH Group consists of three market leading organisations:
- CFH Clearing, a London-based prime of prime solutions provider which is one of the largest interbank STP venues in the market, with over 400 institutional clients in 82 countries.
- CFH Systems, a Copenhagen-based trading technology company which specializes in developing advanced online trading services for financial institutions worldwide mainly within FX and CFDs.
- Tradable – the world’s first open trading platform which is widely considered to be the leader in the next generation of retail FX trading platforms.
For further information, please visit www.cfhgroupcompanies.com
- Ends -
Notes to Editors
About CFH Group
CFH Group is a global holding company which brings together exceptional people, ideas and resources within online trading services. The three companies in the group (CFH Clearing, CFH Systems and Tradable) are all powerful players within their niche sectors. For further information, visit www.cfhgroupcompanies.com
About Boston Technologies
Boston Technologies is an innovative leading provider of software, solutions, services and trading platforms to institutional and retail brokerage firms in the foreign exchange, CFD, commodities, futures and options marketplace. Boston Technologies is headquartered in Boston with additional offices in New York, London, Tokyo and Shanghai. For more information, visit www.bostontechnologies.com.
Sep. 28, 2016 11:30 AM EDT Reads: 2,837
Sep. 28, 2016 11:21 AM EDT
Sep. 28, 2016 11:00 AM EDT Reads: 1,095
Sep. 28, 2016 11:00 AM EDT Reads: 365
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Sep. 28, 2016 10:45 AM EDT Reads: 4,101
Sep. 28, 2016 10:45 AM EDT Reads: 238
Sep. 28, 2016 10:45 AM EDT Reads: 3,523
SYS-CON Events announced today that CDS Global Cloud, an Infrastructure as a Service provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. CDS Global Cloud is an IaaS (Infrastructure as a Service) provider specializing in solutions for e-commerce, internet gaming, online education and other internet applications. With a growing number of data centers and network points around the world, ...
Sep. 28, 2016 10:30 AM EDT Reads: 2,935
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Sep. 28, 2016 10:30 AM EDT Reads: 4,541
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
Sep. 28, 2016 10:15 AM EDT Reads: 3,249
Big Data has been changing the world. IoT fuels the further transformation recently. How are Big Data and IoT related? In his session at @BigDataExpo, Tony Shan, a renowned visionary and thought leader, will explore the interplay of Big Data and IoT. He will anatomize Big Data and IoT separately in terms of what, which, why, where, when, who, how and how much. He will then analyze the relationship between IoT and Big Data, specifically the drilldown of how the 4Vs of Big Data (Volume, Variety,...
Sep. 28, 2016 10:00 AM EDT Reads: 1,088
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus...
Sep. 28, 2016 10:00 AM EDT Reads: 2,213
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Sep. 28, 2016 10:00 AM EDT Reads: 4,398
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Sep. 28, 2016 09:45 AM EDT Reads: 5,094
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Sep. 28, 2016 09:15 AM EDT Reads: 3,169