SYCAP Group acquires 100% of Gekko Global Markets – one of its subsidiaries

A software provider acquires its trading subsidiary – The following was sent out to Gekko’s customers announcing a vertical acquisition in

sycapA software provider acquires its trading subsidiary – The following was sent out to Gekko’s customers announcing a vertical acquisition in the Forex/CFD trading market:

Gekko Global Markets Announcement: CHANGE IN COMPANY OWNERSHIP

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Dear Customer

We are delighted to inform you that as of the close of business on 7th August 2009, a letter of intent has been signed by SYCAP Group AB, the current 50% owner and the platform technology provider for Gekko Global Markets Ltd, to acquire 100% ownership of Gekko Global Markets Ltd’s share capital, subject to the Financial Services Authority’s approval.

The principal shareholder and the CEO of SYCAP Group AB is Mr John Rowe, who was formerly the 100% owner of London Capital Group Ltd, and its main trading brand Capital Spreads, between 1995 and 2005. Mr Rowe is also currently the CEO of Gekko Global Markets Ltd.

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SYCAP Group AB was founded in 1998 and has a long tradition of being innovative on the technology front. Its principal business is to develop and license software for both the institutional and retail financial services industry. SYCAP Group develops all its proprietary software in-house.

We are excited about this change in company ownership and we look forward to providing you with an even better trading service under Mr Rowe’s continuous leadership.

Yours truly

Gekko Global Markets Management

Gekko Global Markets Ltd. is a dedicated service provider for spread betting, CFD and FX trading. The company was founded in 2007 and has already established a presence throughout Europe. The trading platform is provided by SYCAP Group AB which is a software development firm that specialises in online trading solutions.

SYCAP Group AB was founded in 1998 and has a long tradition of being innovative on the technology front. Its principal business is to develop and license software for both the institutional and retail financial services industry. SYCAP Group develops all its proprietary software in-house. The company takes pride in constantly improving its existing products and launching new innovations.

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