Ex-Gain Capital CEO pays $1M for bankrupt Money.Net assets
Stevens may plan to give Money.Net a new lease of life targeting wealth management clients.
Glenn Stevens, the former CEO of Bedminster, NJ-based broker Gain Capital, has acquired the assets of Money.Net, the budget data workstation provider that recently filed for Chapter 7 bankruptcy protection, for just over $1 million.
The deal, which closed at the end of May, includes Money.Net’s software platform and intellectual property, as well as contracts with suppliers and existing clients. Under the arrangement, Stevens assumes the obligation to pay outstanding amounts owed to companies
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