UPDATE: Iress Buys Proquote Terminal Biz from LSE
The LSE exits the data terminal business after buying Proquote 12 years ago.
The acquisitions, announced together, are worth £37.6 million ($58.3 million) however Iress declined to state the value of each deal.
While Iress already has a UK staff of close to 600, Matt Rady, group executive of global markets at Iress, says the vendor made the acquisition to boost its position in the capital markets space, where it currently has a relatively small presence. The vendor's growth strategy is focused on being "relevant" and investing in the markets it currently participates in
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