BRIEF TRANSMISSIONS
BRIEF TRANSMISSIONS
Midas Kapiti International
(MKI) has acquired the Frustum Group for US$ 61.4 million. The New York City-based Frustum generated around US$ 18 million in revenues last year, primarily derived from sales of its integrated, Windows-based suite of deal capture, position-keeping and transaction processing applications. Frustum's existing core management team, including chief executive Mike Stadther, will continue to manage the business on an independent basis. MKI will market Opics globally via itsOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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