Iress to acquire Lucsan

Company News

by Anna Napoli

Trading software company Iress, (ASX:IRE) has announced it will acquire regtech and data analytics provider Lucsan.

Iress made a minority investment in the business last year.

The company says Lucsan has a solid product proposition and is experiencing demand from the industry.

Iress says the purchase price is not material and the transaction should complete mid-April 2018 subject to conditions.

Shares in Iress (ASX:IRE) are trading 3.06 per cent lower to $9.18.