25 Aug 2003

ICON secure funding for MBO/MBI of messaging and integration software business.

LogicScope is one of the UK's leading providers of messaging and systems integration software to wholesale financial markets. It's messaging product is deployed in more than 250 banks globally, and their clients include the world's largest foreign exchange brokers. The deal was financed by debt finance from HSBC Specialised Finance. Funds will be used to expand the company's sales and marketing operations together with an increased working capital facility to accommodate the growth of the business.