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Article: FIDESSA GROUP PLC - Asset Disposal.
- Article from:
- PR Newswire UK Disclose
- Article date:
- July 1, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Fidessa group plc asset disposal
Fidessa group plc ("Fidessa") announces that on 30 June 2008 it completed the
disposal of its investment in Touchpaper Group Limited ("Touchpaper"). Avocent
Ireland Holdings Limited is acquiring the entire share capital of Touchpaper.
Fidessa held ordinary shares, loan notes and preferred ordinary shares
(together "Fidessa's Interest") in Touchpaper and all are being acquired or
redeemed.
Touchpaper is a leading global provider of IT Business Management solutions.
Fidessa divested a majority stake in the business to the management team in
2001 in order to concentrate on the growth opportunities for the Fidessa ...
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