In a rare example of a Danish company investing in a foreign IT company, Saxo Bank has announced that it has acquired a stake in Leverate, a premium broker solutions provider, dedicated to delivering a wide array of innovative solutions and services that enable forex brokers and financial institutions to minimize risk and maximize profit.

From the industry insider, Forex Magnates, it is reported:

Saxo Bank, one of the largest global forex brokers, has just acquired a 25% stake in Leverate, one of the largest MT4 and

other forex software and integration providers. Details were not disclosed but my sources tell

me that Saxo bought 25% of the company for $12.5 million which were probably part investment in the company and part payout to existing shareholders. This is no doubt a pretty steep valuation for a company making about $4-5 million in income a year (not sure on the Net bottom line). But this is also a strategic investment and acquisition of technology in the longer term.