While no press announcements have been forthcoming from either Triple Point or Ion, the acquisition of Triple Point by Ion Investments has been consummated. The Westport CT (home of Triple Point) newspaper says the deal was announced last Saturday (though you’d be hard pressed to find that announcement...
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EKA Software Solutions, with the recent announcement of their investment in Australia-based Matrix Group, has now built a base of products, personnel and revenues that has separated the company from the mid-tier physical-capable CTRM vendor pack and moved them into a select group of vendors – those with...
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The Securities and Exchange Commission voted today to allow hedge funds and other private investment firms to start publicly advertising for investor dollars, something that has been strictly off-limits since the 1930’s. With this change, firms will no longer have to limit their fund raising to direct contacts...
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While doing a bit of research for an upcoming ComTechAlert article, I was reviewing oil production stats for the US and was a bit surprised by the numbers. Much of the attention paid to the increasing crude production in the US is focused on the Bakken field in...
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Moody’s released their rating of the new debt being taken on in Ion’s acquisition of Triple Point…pretty much sealing this transaction as a done deal, even if not officially announced yet. Some interesting tid bits from the rating narrative: “The Caa1 Corporate Family Rating reflects Moody’s expectations for...
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A Commodity Technology Advisory ComTechAlert Article June 26, 2013 ComTech Advisory is beginning to pull together the granular analysis that is the foundation of our E/CTRM Technology Market Sizing Report due out in the next several weeks. In determining an estimate for market size, we examine not only...
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Its being widely reported, both in the press and through the grapevine, that the buyer for Triple Point is ION Trading. ION is a Dublin-based software vendor whose products have been primarily focused on the financial services space. They have been an active buyer of solutions in the...
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In the premier episode of Commodity Technology Advisory’s new video series examining the trends and issues in CTRM technology, we visit with Mr. Ray Hood, president and CEO of Allegro Development. In this video, Mr. Hood discusses the recent executive management changes at Allegro, current market conditions and...
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As many know, there was a recent article in the press that said Triple Point’s owners, Welsh Carson, had put the company on the block, seeking to leverage the solid success the company has had over the last few years (20-30% year over year growth) into a very...
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Bloomberg’s terminal business has been caught up in a bit of a scandal this week (it does seem to be a week for doing that type of thing). Numerous stories indicate the company has been passing around terminal user information to the company’s sales staff and news reporters;...
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