FFastFill, a provider of software as a service (SaaS) to the global derivatives community, has purchased software assets, known as ‘Spread Intelligence’. FFastFill is expected to pay £1.5 million for the acquisition over a two-year period.
The amount consists of £250,000 in cash and the issue of up to 10.232 million new ordinary shares of one pence each in the company at a price of 12.216 pence per share. The deal includes two U.S. patent applications and the appointment of the founder of ‘Spread Intelligence’ as a consultant to the company.
Click here for the release from FFastFill.