DASH Financial Technologies announced that ION Investment Group has entered into a definitive agreement to acquire the company. Dash is an options technology and execution provider in the US. ION provides trading and workflow automation software solutions to financial institutions, central banks, governments and corporations. Financial details were not disclosed.
“Under ION’s ownership, we will continue to invest in product innovation that drives value for our clients while also benefiting from ION’s global reach and established network of relationships,” said co-founder Peter Maragos in a statement. He will continue to serve as CEO of DASH.
Andrea Pignataro, ION’s CEO said: “DASH’s solutions optimize and improve execution quality and transparency for both the buy-side and sell-side. DASH was built on the ethos of great technology, deep domain expertise and strong customer service. DASH’s team is additive to the DNA of our ION Markets division, particularly with their domain expertise in options and customer-centric approach.”