Midas-Kapiti Acquires Financialware; To Merge Plato With Own Product Line
VENDOR STRATEGIES
Midas-Kapiti International has acquired Financialware, a Sydney-based trading and risk management software house. Terms of the deal were not disclosed. MKI will initially market Financialware's core product, the Plato deal-capture and position-keeping system, in the Asia Pacific region, say Midas-Kapiti officials. The vendor also plans to integrate Plato with the rest of its product line.
Financialware's Hodge says the acquisition is "good for both companies ... Plato will have a chance to go
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