e-financialdepot.com to acquire CFN Asia

US financial software company moves into Asian market with acquisition of Hong Kong-based trading technology vendor.
May 10, 2001
e-financialdepot.com, a US-based software and services provider, has signed a letter of intent to acquire, for an undisclosed sum,  the issued and outstanding shares of CFN Asia, an operator of integrated securities trading, distribution and brokerage systems to financial institutions throughout Asia.

e-financialdepot.com is listed on the over-the-counter bulletin board OTCBB in the US and on the Frankfurt bourse. The companys product and service lines include both banking and trading technologies, online mortgages and insurance services that it offers to customers in both an ASP Application Service Provider and a white label model. White labelling means the customers put their own brand on the companys products.

The company...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222