Andhra Pradesh Journal

Press Release

ISEG makes a £250 million deal (USD 300m) with AlliedSX limited

February 06
22:24 2017

AlliedSX, the global stock exchange solution for startups has announced the acquisition of 50 IP agreements by ISEG. This includes 50 global stock exchange websites that have gone live today along with 50 databases, 50 localized servers and 50 sets of documentation to provide ISEG a global footprint in 50 countries.

The new Allied SX platform is world’s first digitally delivered stock exchange company and is targeted to the early stage companies or startups. “We quickly realized a single global stock exchange was not possible for many reasons, mainly from a regulatory perspective but also national focus and pride, therefore we have gone local to go global,” said Edward Fitzpatrick CEO of ISEG Limited.

Allied SX consists of advanced technology, due diligence, proper documentation, marketing and system to offer a stock exchange to the startup for the first 50 countries, thus offering equal opportunities for the startups globally. The platform allows any partner from any country to establish an exchange and provide fundamental service, in the age of advanced technology and revolutionizing capital markets. The unique approach followed by Allied SX will facilitate uniformity by effectively conducting the launch, sale, and management of the 50 country based exchanges.

All of the Allied stock exchanges host the ISEG platform, brokerage systems, and a local trading platform to enable the local partners to own and operate a country based startup stock exchange. This has the potential to revolutionize the startups and early stage companies who need capital to keep their business running, especially after their seed funding is utilized.

“Early stage companies currently have nowhere to lay their hat after they close their first round of funding whether that be via a crowdfunding platform or friends and family,” adds Fitzpatrick big board stock exchanges have increased the gap in the market with stricter regulations and higher costs resulting in small to medium sized companies failing on them. “As the market shifts a gap has risen and we have filled it,” said  FITZPATRICK.

As compared to the big board exchanges with strict regulations, Allied SX caters more to the need of startups with limited trading capabilities. It also lessens the risk for the investors of the early stage companies.

As a matter of fact, ISEG also invested in a series of fintech products and services for the companies listed under Allied SX which brings them under “The Capital Superhighway”, a term referred by ISEG. This step will enable the startups to progress faster and become a “later stage business” comparatively sooner.  Allied SX is committed to creating world’s first super highway for helping the early stage businesses in becoming a part of the startup stock exchange which ultimately will help them grow faster.

More information about the company can be found on alliedsx.com

Media Contact
Company Name: AlliedSX limited
Contact Person: Press Execuctive
Email: Send Email
Country: United States
Website: www.alliedsx.com

Calendar

August 2017
M T W T F S S
« Jul    
 123456
78910111213
14151617181920
21222324252627
28293031