Breaking Forex News: Boston Technologies and Forexware about to announce merger

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…

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