Convergex has signed a definitive agreement to acquire the assets of Cogent Consulting, a developer of commission management software for buy- and sell-side firms. At press time the deal was expected to close before Nov. 2, 2009. Terms of the transaction were not disclosed.rn"Cogent was a natural fit for us," says John Meserve, executive managing director of ConvergEx, which is part of the BNY ConvergEx Group. "For us, it extends our [commission management] offering, starting at the broker vote and ending with the [research] payments and everything in between," he adds. "It was a no-brainer that this came together."
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