Irish fintech company Barracuda FX has been acquired by New York-headquartered Broadway Technology for an undisclosed sum. Barracuda FX is to continue as a standalone company, Broadway said in a statement. In addition they are to assume senior roles in Broadway’s foreign exchange business with Mr Fitzpatrick and Mr Curran becoming head of FX and head of FX operations respectively. Accumulated profits for Barracuda FX, which employs 40 people, stood at €2.15 million in 2017, having jumped from €1.5 million a year earlier. “This is a transformational acquisition and Broadway is excited to welcome the full Barracuda technology team,” said Mr Moeller.

Source: The Irish Times April 02, 2019 13:18 UTC