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Wed 02 Feb 2010First Derivatives in talks to buy Cognotec
Newry-based First Derivatives said today it has entered an exclusivity agreement with Kieran Wallace of KPMG, the appointed receiver of Cognotec Holdings to acquire the troubled software firm.
Cognotec is a Dublin-based company which specialises in software for financial markets. It was placed into receivership on January 22nd on foot of an application from Barclays, which is owed some $9 million (€6.5 million)..
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