Company to refocus on technology.
Combined entity to leverage expertise, scale and reach to deliver competitive technologies and services for the professional trading community.
TORONTO Feb. 23
Canada $3.9 million $0.2 million
The combined entity, which will operate under the Frontline brand name, will establish a larger, more diversified and competitive provider of services and technologies for the professional trading community. Together, the company will also benefit from cost savings and synergies in operations, infrastructure and administration.
"This transaction represents an exciting and significant turning point for Frontline," "It is an opportunity for two highly complementary businesses to come together to compete more effectively. The potential benefits are far-reaching, from operational synergies, to cross-business revenue growth opportunities."
"The merger with Frontline is a ‘win-win’," Judith Robertson "Our combined expertise will enhance our product offering to clients. In addition, we are very happy to have found such an ideal partner for our US brokerage businesses in ConvergEX Group. Their products and services are a great fit for our clients which will offer opportunities for the technology company going forward."
Belzberg Special Distribution
$2.75 million R.C. Sheehan
Forward looking statements:
SOURCE Belzberg Technologies Inc.