Exclusive: Restructuring and Integration Efforts on its Way at Boston Technologies
Multiple independent sources have confirmed that a restructuring effort is on its way at Boston Technologies and the integration process
According to the latest bits of information obtained by our reporters, in the beginning of the week, some material staff layoffs were announced at Boston Technologies following news which Forex Magnates broke last week about the acquisition made by Forexware. At least a dozen employees have been let go since the beginning of this week, including some senior staff.
With the deal finally behind us, after several weeks of negotiations after initial rumours about the acquisition emerged back in May, according to industry experts, the most likely effort upon which Forexware is currently focusing on, would be to start working on the integration of its risk management suite and order management system to expedite provision to clients of Boston Technologies’ services with Forexware’s superior technology solutions.
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What about the pending injunction? I thought it would stop any further action the company can make.
That was against the Boston Prime/BT Prime corp, not against Boston Technologies.
Does anyone know how many jobs were eliminated and how many survived?
@WhoDunIt 10 people that weren’t doing much anyway… very healthy tactic