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Desmond Backs PaceMetrics with Increased Stake

PaceMetrics, which earlier this year signed a global distribution deal for its software with Moneyline Telerate, has had a further investment from its principal backer IIU, which has increased its holding in the company. IIU is the Dublin-based investment vehicle of Irish financier Dermot Desmond. It already has a portfolio of strategic holdings in technology…

Cicada, Algorithmics Set Details of Venture to Supply Cleansed Data in Risk Solutions

Cicada and Algorithmics are working to finalise the details of a new jointly-owned company they plan to establish, that will develop and provide multi-source clean, structured data and managed risk solutions to users of Algorithmics’ Algo Suite of products. A third partner, Investors Guaranty is funding and supporting the venture. The alliance, announced during April,…