In a move that chief executive officer Joe Murin says will focus the company, Basis100 has agreed to sell certain assets of EFA Software Services Ltd. and EFA Cyprus Ltd. to Computershare Ltd., a global technology provider to the securities industry, for $6.25 million Canadian.The acquisition is expected to close by the end of January. The company had bought the capital markets trading platform with an eye toward serving a global marketplace. "With the economy in the U.S. collapsing in the last few years, it just didn't pan out to be the right business to be in," Mr. Murin said. The company maintains a trading platform it built in conjunction with a Canadian banking consortium. Basis100's website address is http://www.basis100.com.
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