Saxo Bank acquires stake in offshore IT house Initto
Finextra.com
Online financial services firm Saxo Bank has acquired a 40% stake in Danish offshore software and IT service provider Initto.
Established in 2003, Initto has around 200 employees based mainly in India and Ukraine.
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Saxo Bank announces intention to speed up development of trading systems
BrinkWire
Saxo Bank, the online specialist in trading and investment, has announced the acquisition of a 40% stake in Initto, the Danish owned software and IT services provider. Initto has around 200 employees based mainly in India and Ukraine and the acquisition of Initto will enable Saxo Bank to continue to support and speed up the development of its trading systems.
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Francesc Riverola,
