Investview to acquire Instilend
27 September 2012 Utah
Image: Shutterstock
Investor technology and education company Investview has acquired technology platform Instilend.
Instilend provides electronic securities lending tools via fully automated online technology to the institutional, high frequency and retail traders. Through utilisation of the Instilend platforms, Matador and LendEQs, firms are able to provide compliance and operational efficiency, while simultaneously creating new revenue streams.
Randy MacDonald, president and CFO of Investview, said: 鈥淚nstilend鈥檚 software prompts CFOs, at introducing and clearing brokers, to examine new ways of maximising the value of their inventories of stocks for additional client satisfaction and increased revenue streams.鈥�
鈥淭he software bolts onto existing systems to preserve existing revenues but extracts more economic rent by connecting clients to deeper pools of liquidity, automating work-flow for negotiating rates and documenting compliance, as well as turning static databases into dynamic tools.鈥�
COO of Investview, David Kelley, said: 鈥淭raditionally, stock loan departments were incentivised primarily on revenues from lending. This software allows tracking of all measures of benefit for the company for a more comprehensive view of success. For instance, we believe Instilend clients are achieving greater economic success by having more of their clients be able to locate stock for short selling as well as being able to offer more of their inventory for lending.鈥�
Investview entered into a share exchange agreement with Instilend to obtain the platform on September 13 2012. The acquisition will be completed on or before October 30 2012.
Instilend provides electronic securities lending tools via fully automated online technology to the institutional, high frequency and retail traders. Through utilisation of the Instilend platforms, Matador and LendEQs, firms are able to provide compliance and operational efficiency, while simultaneously creating new revenue streams.
Randy MacDonald, president and CFO of Investview, said: 鈥淚nstilend鈥檚 software prompts CFOs, at introducing and clearing brokers, to examine new ways of maximising the value of their inventories of stocks for additional client satisfaction and increased revenue streams.鈥�
鈥淭he software bolts onto existing systems to preserve existing revenues but extracts more economic rent by connecting clients to deeper pools of liquidity, automating work-flow for negotiating rates and documenting compliance, as well as turning static databases into dynamic tools.鈥�
COO of Investview, David Kelley, said: 鈥淭raditionally, stock loan departments were incentivised primarily on revenues from lending. This software allows tracking of all measures of benefit for the company for a more comprehensive view of success. For instance, we believe Instilend clients are achieving greater economic success by having more of their clients be able to locate stock for short selling as well as being able to offer more of their inventory for lending.鈥�
Investview entered into a share exchange agreement with Instilend to obtain the platform on September 13 2012. The acquisition will be completed on or before October 30 2012.
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