MBRM Buys Cygnifi’s Property Rights
ORGANIZATION & STRATEGY
MB Risk Management (MBRM), a London-based financial analytics company, has bought the entire intellectual property rights of JP Morgan spin-off Cygnifi Derivative Services from its bankruptcy trustees.
The software company purchased the non-exclusive assets for a six to seven figure US dollar sum to consolidate its position in the marketplace, MBRM president and chief executive Mamdouh Barakat says.
The deal was struck in December, and MBRM has already made a Cygnifi spreadsheet-based multi
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