Orc Software (SSE: ORC), the leading global provider of technology for advanced trading, market making and brokerage, today announced it has sold its entire share of Infront, a trading application software company based in Oslo, Norway.
â€Divesting Orc Software’s minority share of Infront is wholly in line with our strategy to further streamline our business,†says Thomas Bill, CEO, Orc Software. â€Infront is an important business partner to Orc and we will continue to market their products as a part of our solutions.â€
The sale of Infront shares will result in a realised profit of about SEK 15 million. This profit will be accounted for during the third quarter of 2007.
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