Dion Global Solutions to buy UK's Investmaster Group

Dion Global Solutions, a software solutions provider for financial markets, today said it has acquired UK-based wealth management and stock broking software provider Investmaster Group for an undisclosed amount.

Pursuant to the acquisition, Dion's presence in the UK would increase significantly, as Investmaster has combined assets under management exceeding 28 billion pounds and over 800 users across the UK and Ireland, Dion Global Solutions said in a statement.

The Investmaster business will be rebranded as Dion Global Solutions, the statement said, adding that Peter Little will continue as CEO and there will not be any change in the management team and its staff.

"Combined with the added products, investment and market expertise that Dion can offer, Investmaster is a key element in the wider Dion brand," Dion Global CEO and Managing Director Ralph Horne said.

Commenting on the development, Investmaster CEO Peter Little said: "Dion's deep domain expertise and approach to business makes them a trusted partner to businesses they work with."

Shares of Dion Global Solutions surged as much as 17% in morning trade on the BSE to an early high of Rs 33.60.