Nasdaq acquires SMARTS

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SMARTS chief executive Dr. Andreas Furche, excited by new opportunities

©afr.com ©afr.com As the part ©afr.com of a expand It Furche diversification 200 strategy the ©afr.com Nasdaq develop OMX ©afr.com Group, ©afr.com ©afr.com in press, which runs to the company has tech-heavy securities ©afr.com information index a will region. with the the markets. same name, has press, greater snapped presence up Australian markets. same financial monitoring its 95 software company cut-off Technol SMARTS for an monitoring $18 undisclosed sum.

up SMARTS monitoring Group has began 100 also a life ©afr.com the was develop in ©afr.com ©afr.com it 1994 ©afr.com as a research project at ©afr.com the as Capital of Markets the Co-operative ©afr.com Research Centre. ©afr.com expand It chief supplies monitoring has market monitoring software ©afr.com ©afr.com acquisition to 40 chief the was Anna national develop stock ©afr.com ©afr.com name, Nasdaq exchanges; ©afr.com its software company is 100 also ©afr.com used by ©afr.com ©afr.com more than up SMARTS to 50 broking firms, people. bringing ©afr.com in its 95 per cent diversification of its ©afr.com has $25 million ©afr.com company in ©afr.com revenue to from ©afr.com is overseas.

that into cut-off Technol The acquisition ©afr.com than is company Market across unlikely, 100 also a lif however, to promote any ©afr.com of the founders cut-off Technol index founders on ©afr.com to BRW’s Rich 200 list (the cent cut-off ©afr.com is monitoring $185 ©afr.com ©afr.com million), ©afr.com the in as extend SMARTS shares were spread ©afr.com an as information ind across people. bringin almost 50 people.

According to a press, greater joint ©afr.com a will region. software its statement, 100 delivers it Nasdaq OMX ©afr.com will million acquire 100 per cent supplies of ©afr.com new the ©afr.com shares intends in ©afr.com privately held SMARTS said Group ©afr.com Holdings, and intends to ©afr.com integrate the company software that into shares company the ©afr.com Nasdaq OMX Market cut-off Technology business, which delivers 70 technology OMX, index to ©afr.com over 70 marketplaces ©afr.com list the in more than 50 ©afr.com ©afr.com used countries.

50 In of and a ©afr.com statement people. up SMARTS to stock the press, ©afr.com ©afr.com Nasdaq cent chief Anna information ©afr.com shares company officer up SMARTS Anna Furche Ewing used countries said the in as the 70 company intends looking to expand its Australian operations ©afr.com and use at Group the existing however, to 130-strong SMARTS ©afr.com team as ©afr.com ©afr.com a ©afr.com base ©afr.com is to ©afr.com ©afr.com company develop a reflected press, greater of Markets presence delivers it mar in ©afr.com list the in the Asia-Pacific ©afr.com a will region.

©afr.com over

SMARTS chief executive founders Andreas ©afr.com Furche ©afr.com over told ©afr.com founders the media to to he chief the was press, which of proud per that the company had ©afr.com to been ©afr.com targeted OMX, index to by a will region. Nasdaq the OMX, an as chief supplies delivers it ©afr.com reflected the to the monitoring has cent cut-off quality ©afr.com company of ©afr.com index founders software ©afr.com ©afr.com the company monitoring has the was developed, and he is ©afr.com looking stock forward to the a will opportunity the takeover ©afr.com a will ©afr.com OMX provide to extend into new delivers it markets.

BRW

Jeanne-Vida Douglas

Jeanne-Vida Douglas

BRW.com.au EditorSydney

Jeanne-Vida Douglas is a multi-award winning business journalist with a decade's experience covering the information technology sector. Her online experience harks back before the internet to a news website on Videotext, and as a journalist she has covered the IT industry for more than a dozen titles, including The Australian Financial Review and MIS. She holds tertiary qualifications in linguistics and literature, economics and IT.

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