Lumexis Corporation, a manufacturer of advanced In-flight Entertainment and Connectivity Systems, has secured a $15 million investment led by the private equity fund management company, Perseus, L.L.C. The investment agreement includes the option for an additional investment of up to $7.5 million. Existing investors PAR Capital Management and Zone Ventures participated in the financing round. [...]

SMA experiences strong demand for its SWIFT Service Bureau, SWIFT services and consulting
LONDON, 30th November, 2009 – SMA Financial (www.sma.co.uk), SWIFT Regional partner for UK, Eire, Channel Islands and the Nordics today announced it had appointed John Ballantyne to the position of UK Sales Manager with responsibility for driving business development of SMA’s SWIFT Service [...]

Bank of Cyprus is consolidating all information technology systems under a common IT platform with the goal of decreasing the cost of maintenance and operational support of its IT infrastructure. The solution from Misys will be at the core of this “1bank” concept, enabling the bank to consolidate its core banking systems into one, reducing [...]

Dr. Dorene Wiese dedicated the past forty years of her life to providing educational opportunities to poverty-stricken urban American Indian people in Chicago. She was one of the first members of that community to earn a doctorate degree in adult education and leadership policy studies. She was also the first American Indian to head an [...]

J.P. Morgan Worldwide Securities Services today announced the launch of its securities lending capabilities in Taiwan to help asset managers and institutional investors increase the performance of their securities portfolios with Taiwanese assets while providing them with risk-adjusted returns.
Through these capabilities, J.P. Morgan will be able to offer securities lending solutions to its clients with [...]

Apache Corporation (NYSE: APA) announced today that it has elected to redeem all $100 million of its outstanding 5.68% Cumulative Preferred Stock, Series B, no par value per share (the “Series B Preferred Stock”), on Dec. 30, 2009 (the “Series B Redemption Date”).
Apache has also authorized Wells Fargo Bank, N.A., as Depositary under the Deposit [...]

LONDON – November 26, 2009 – Financial services company Irish Life Corporate Business has reported a 35% productivity increase after the introduction of Global 360’s document management and business process management software solutions.
The pension company had grown 50% and left it with little visibility across its business processes. And with a team of 300 already [...]

Santander Asset Management UK has been announced as the winner of the 2009 Gold Standard Award in Fund Management, in recognition of its commitment to fair practice and the principles of Treating Customers Fairly.
The Gold Standard Awards, which have been running for seven years, are designed to recognise and reward a select few within the [...]

Swiss Re today announced the transfer of USD 75 million of extreme mortality risk in the U.S. and UK to the capital markets through a new VITA securitisation programme.
Swiss Re has entered into a transaction with VITA Capital IV Ltd. (“Vita IV”) to receive up to USD 75 million of payments in the event of [...]

Finity Communications, one of the leading providers of financial and health communications, today announced the launch of new tools designed to help homebuyers understand the impact of new tax laws.
In response to the Worker, Homeownership and Business Assistance Act of 2009, signed into law on November 6, Finity has enhanced its True Cost Now Web [...]