Open Source Makes Big Gains at the London Stock Exchange
Oct 06, 2009, 14:33 (4 Talkback[s])
(Other stories by Glyn Mody)
"For example, the LSE is not just moving from one application to
another, but from running someone else's software to running its
own, by buying a company that makes it. One reason: it's massively
"Compared to the bill of $65 million for TradElect,
MillenniumIT, a Sri Lankan developer, is a bargain at $30 million.
LSE gains a 100 per cent shareholding in the company, an offshore
development centre (located near Colombo) with 451 specialists
(around 300 in the software division) and the technology, which
boasts high productivity, flexibility, robustness and considerably
lower costs than TradElect."