What are the costs to information security (InfoSec) when private corporate applications and data are not housed exclusively at private corporate data centers? Over the last 10 years, independent software vendors’ (ISVs’) hosted trading applications have made tremendous headway into the capital markets enterprise to now become the norm, even at some global Tier-1 banks, and over the past five years, full application service provisioning (ASP) of these applications, has followed suit. Today, many financial firms are considering adoption of private and public cloud offerings across the trade life cycle through to operations, accounting, and even core IT infrastructure.
You are here
Back in October, FF&P Private Equity, the direct investment arm of Fleming Family & Partners, announced the sale of OB10, an e-invoicing network provider to Tungsten Corporation. The transaction saw FF&P investors and co-investors realize 70% of their holdings in cash and convert the remainder into Tungsten Corporation shares, which will be listed on the AIM market.
Following the drumming and roaring of the acquisition announcement, I haven’t seen or heard anything significant so far. Though the companies are now working out the hard task of integrating cultures and objectives, something more substantial should be made clear by now. While we wait for something to happen, I want to share a few thoughts on the matter.