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Exclusive: Restructuring and Integration Efforts on its Way at Boston Technologies

by Victor Golovtchenko
  • Multiple independent sources have confirmed that a restructuring effort is on its way at Boston Technologies and the integration process of Forexware's superior technological solutions is the management's top priority.
Exclusive: Restructuring and Integration Efforts on its Way at Boston Technologies
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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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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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