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home / news releases / SFE - Safeguard Scientifics exits stake in Lumesis

SFE - Safeguard Scientifics exits stake in Lumesis

Safeguard Scientifics Inc.
  • Safeguard Scientifics ( NYSE: SFE ) on Thursday announced the acquisition of its partner firm Lumesis by SOLVE Advisors, a market data platform for fixed income securities.
  • SFE received $5.3M of initial cash proceeds for its 44% stake in Lumesis.
  • The company may receive additional cash proceeds from the final determinations of net working capital and resolution of escrow contingencies.
  • SFE will report a gain on the sale of its Lumesis stake in Q3.
  • The company has deployed $5.6M to Lumesis - which provides analysis, benchmarking and compliance tools for the municipal bond market - since 2012.

For further details see:

Safeguard Scientifics exits stake in Lumesis
Stock Information
Company Name: Safeguard Scientifics Inc.
Stock Symbol: SFE
Market: NYSE
Website: safeguard.com
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