Friday, October 9, 2009

ConvergEx To Acquire Cogent Consulting

http://wallstreetandtech.com/regulatory-compliance/showArticle.jhtml?articleID=220301686&cid=nl_wallstreettech_daily

ConvergEx said it's acquiring the assets of Cogent Consulting LLC, a leading developer of commission management software for buy-and-sell side firms. ConvergEx signed a definitive agreement to acquire the assets of the Summit, New Jersey-based-company, whose software enables investment advisors and hedge funds to gain control over their trading and research commissions. Terms of the transaction were not disclosed. The deal is set to close before Nov.2, 2009. ....

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