Acquisition of Global Investment Systems (GIS); Affording Linedata Services a Comprehensive Front-to-Back Solutions Suite in Asset Management in the North American and Worldwide Off-Shore Markets.HACKENSACK, N.J. -- Linedata Services Linedata Services is a global supplier of financial services software, offering solutions for Asset Management, Savings & Insurance and Leasing & Credit Finance. In 2006, Linedata’s 15 financial software applications were being used by approximately 1,000 institutions across announces an agreement to acquire the operations of US-based Global Investment Systems ("GIS"), which specializes in back-office software solutions for the mutual fund and hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" industries. Founded in 1992, GIS is a leading supplier of specialized investment, shareholder and partnership accounting software to fund managers and administrators in the US, and international off-shore markets. Through its integrated product line that includes MFACT(R), MSHARE(R) and MPARTNER(R), GIS is able to service more types of fund structure than other software providers. The company has recently completed major R&D investments in its systems that enable them to compete with true 'Best-of-Breed' products in all segments of the market, including the largest fund administrators. Headquartered in Hackensack, New Jersey with offices in Chicago and Dublin, Ireland, GIS services more than 4500 mutual funds and other investment portfolios through a global client base of over 120 customers in 21 countries, including the US, Ireland, the Caribbean and Eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. . Consolidation of the Group's organic growth potential Anvaraly Jiva, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and Chairman of the Executive Board of Linedata Services, said; "We are very pleased to merge with GIS. Together, with our existing Best of Breed back office systems, Icon and Chorus, we now have an exhaustive front-to-back offering which spans the requirements of all market segments, including the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. market. Moreover, the operation also means additional fantastic opportunities in terms of cross-selling, particularly as regards LongView Trading our front-office solution which is increasingly popular with the world's key fund managers." Nigel Wilson Nigel Edward Wilson (born January 12, 1970) is a former major league baseball player from Ajax, Ontario, Canada. He played for the Florida Marlins, Cincinnati Reds, and Cleveland Indians. , CEO of GIS, added: "We are happy to become a part of Linedata Services and look forward to working together to leverage our combined products and services in response to the growing market demand in the investment funds industry." Acquisition of a growing, profitable company With recurrent revenues accounting for 90 percent of its activity and bolstered by a strong sales dynamic, GIS looks set to realize revenues of over USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 11 million in 2005, enjoying organic growth of over 10 percent for an EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become margin of 13 percent, expected to improve during financial year 2006 to a level closer to the overall profitability standards of Linedata Services. Financed entirely in cash and structured as a purchase of the assets of Global Investment Systems L.P., the acquisition, which will be finalized in the coming days, will have an immediate positive impact on the Group's net earnings per share. About Linedata Services Linedata Services is a major international provider of financial IT solutions that specializes in Asset Management, Savings and Insurance and Leasing and Credit Finance. As a sand services provider, and solution integrator, Linedata Services offers global solutions that are tailored to the world of finance. In 2004, revenues for Linedata Services stood at EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 113.1 million, up 12.7%. The company is listed Eurolist segment B. For more information, please contact: www.linedata.com If you would like to receive financial information by e-mail, contact: www.kaparcafinance.com ISIN Isin (ĭs`ĭn), capital of an ancient Semitic kingdom of N Babylonia. The city became important after the third dynasty of Ur fell to the Elamites and the Amorites (c.2025 B.C.). The phase from c.2025–c.1763 B.C. FR0004156297-LIN - Reuters LDSV.LN - Bloomberg LDSV |
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