Hamilton is legal adviser to Cinnober Financial Technology Aktiebolag (publ) (”Cinnober”) in connection with its acquisition of the business and assets of Ancoa Software (“Ancoa”). Ancoa’s business consists of development and delivery of software systems for surveillance and insightful analytics for the financial market, including banks, exchanges and regulators.
Cinnober and Ancoa have been in a partnership regarding sale of surveillance systems as an addition to Cinnober’s own portfolio of products offered to customers on the financial market. Ancoa’s business is undergoing a steady growth and by the acquisition Cinnober can add a modern surveillance system to its own offering of products. As a result of the acquisition, Cinnober now can add to its own offering a surveillance system and approximately ten new customers. Hamilton Advokatbyrå has acted as legal adviser to Cinnober. Osborne Clarke acted as legal adviser to Cinnober on matters of English law.