DIFC Investments has likely sold Smartstream

DIFC Investments (DIFCI), the investment arm of the company running Dubai's financial free zone, has likely sold software company SmartStream Technologies, resulting in a $68.8 million impairment provision, JP Morgan said in a research note. SmartStream helps investment banks and fund managers with the back and middle-office processing of stock, bond and derivative trades. It has said its clients include three-quarters of the world's top 100 banks. http://m.economictimes.com/PDAET/articleshow/13021080.cms

Polaris Buys Out Financial Technologies Provider Indigo Tx Software

Polaris has announced acquisition of Indigo Tx Software Private Limited, a software as a service (SaaS) player. The company, in March 2010, had acquired 51 per cent equity shares of Chennai-based IndigoTx Software.

Indigo Tx has built a software platform providing single platform connectivity solutions to multiple exchanges and asset classes along with a host of support functions that aim to integrate end to end money management and trading activity on a single platform and bring down the costs of operations for mid size brokerages and wealth managers.

http://dealcurry.com/20111125-Polaris-Buys-Out-Financial-Technologies-Provider-Indigo-Tx-Software.htm

Nordic Capital Fund VII acquires Orc Group

"Nordic Capital has for some time followed the development of Orc with great interest, and believes that significant opportunities exist to further develop the businesses within Orc under concentrated and focused ownership outside of the stock exchange where Nordic Capital can contribute significant capital resources as well as an active, long-term ownership commitment. It is particularly exciting to nominate Per E. Larsson as the new Chairman of the Board of Orc", states Fredrik Näslund, Partner, NC Advisory AB, advisor to Nordic Capital Fund VII.

http://www.nordiccapital.com/news/news-listing/nordic-capital-fund-vii-acquires-orc-group.aspx