Tumbleweed Communications, which supplies secure messaging applications, has signed a definitive merger agreement with software security provider Valicert. The market value of the transaction is approximately $14.3 million. Pending shareholder and regulatory approvals, Tumbleweed will acquire all of the outstanding shares of Valicert in a stock-for-stock transaction. As approved by the Boards of Directors of each company, the merger calls for each share of Valicert common stock to be exchanged for 0.385 shares of Tumbleweed common stock, or approximately 9.8 million shares, which will represent approximately 24 per cent of Tumbleweed’s outstanding stock post merger. The purchase transaction is expected to close in the second or third quarter of 2003, while the merged enterprise expects to achieve operating profitability on a combined basis in the fourth quarter of 2003.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more