Orc Software Completes Divestment of E2E Infotech

Friday October 5 8:25 AM

Orc Software (STO:ORC), the leading global provider of technology for advanced derivatives trading and connectivity, today announced the completion of divestment of its 51% share held in E2E Infotech Limited. Orc Software announced its intention to divest shareholding in E2E infotech Ltd on April 25, 2007. The buyer is aurionPro Solutions Limited, a technology and product solutions company headquartered in Mumbai, India.

During the first half of fiscal year 2007, E2E, as a consolidated subsidiary, had a marginal impact on revenue and income for Orc Software. E2E is included in the Orc Software consolidated accounts up to and including September 2007. The sale of E2E shares will result in a realized profit of about SEK 4.5 million, which will be reflected in the income statement for Q4, 2007.

Financial advisor to Orc Software is Wizarth Advisors (www.wizarth.com).

About Orc Software

Orc Software (STO:ORC) is a leading global provider of technology for advanced derivatives trading and connectivity. Celebrating 20 years in 2007, Orc provides solutions and services to its worldwide customers from its offices across Europe, North America and Asia Pacific. Orc Software's customers include leading investment banks, trading and market-making firms, exchanges, brokerage houses, institutional investors, hedge funds and software vendors.

CameronFIX, the number one Financial Information Exchange protocol (FIX) platform, is an Orc Software connectivity solution. CameronFIX is used as a FIX platform by major members of the global financial industry. For more information, please visit www.orcsoftware.com.

This information was brought to you by Cision http://newsroom.cision.com

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