LeapRate Exclusive – LeapRate has learned that FX platform companies Boston Technologies and Forexware are about to merge, and will keep the Boston Technologies name – initially under the brand Boston Technologies Powered by Forexware .
BT is owned primarily by CEO George Popescu and former BT co-founder Kevin Millien.
LeapRate readers will recall that back in May Copenhagen-based CFH purchased Millien’s stake in BT, leading to a brief exchange of press releases between BT and CFH. It remains unclear if CFH will try to use its stake in BT to block the merger – this could get interesting.
Morgan Partners LLC is acting as advisor to Forexware in the deal.
We understand that a formal announcement is imminent. We’ll bring you more details when we have them. Stay tuned to LeapRate…