e-financialdepot.com to acquire CFN Asia

US financial software company moves into Asian market with acquisition of Hong Kong-based trading technology vendor.
May 10, 2001
e-financialdepot.com, a US-based software and services provider, has signed a letter of intent to acquire, for an undisclosed sum,  the issued and outstanding shares of CFN Asia, an operator of integrated securities trading, distribution and brokerage systems to financial institutions throughout Asia.

e-financialdepot.com is listed on the over-the-counter bulletin board (OTCBB) in the US and on the Frankfurt bourse. The company’s product and service lines include both banking and trading technologies, online mortgages and insurance services that it offers to customers in both an ASP (Application Service Provider) and a “white label” model. White labelling means the customers put their own brand on the company’s products.

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