ParagonEX Buys Superdev’s IP and Developers Team in Sofia

Technology Provider Technology Provider A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro Read this Term ParagonEX has agreed to purchase the intellectual property of Superdev. The company is also acquiring an office lease and a developer team in Sofia, Bulgaria. The move comes amid an increasingly competitive market for providers of FX and CFDs technology to White Labels White Labels White Labeling or white labels are an extremely common practice in the forex market, which implies one buying another firm’s product and then marketing it as its own. This is routinely done in the retail space, as white labeling is helpful in utilizing trading software, platforms, and other additional services that brokerages may offer.What Are the Benefits of White Labels?White labeling is very popular in the forex market given the benefits it bestows to all parties. This includes both the buye White Labeling or white labels are an extremely common practice in the forex market, which implies one buying another firm’s product and then marketing it as its own. This is routinely done in the retail space, as white labeling is helpful in utilizing trading software, platforms, and other additional services that brokerages may offer.What Are the Benefits of White Labels?White labeling is very popular in the forex market given the benefits it bestows to all parties. This includes both the buye Read this Term.

According to the official announcement the B2B provider of trading platforms, has agreed to acquire all of SuperDev’s intellectual property. After the acquisition is complete, ParagonEX will complete its current product offering with a transaction processing platform.

The value of the deal has not been disclosed. The technology and IP assets of Superdev are complemented by an experienced management team and employees, together with a list of reliable, revenue-generating clients.

Technology Assets

Commenting on the deal, a company spokesperson shared that aside from improving the time to market of the company’s platform, ParagonEX will also be integrating some of Superdev's features into its existing offering. Among the new features are some recently developed AI and deep learning features to be added into the newly acquired products.

Elaborating on the client assets of Superdev, the spokesperson said: “We acquired Superdev's IP and technology and through an extensive due diligence process ensured we will only keep the brokers that uphold ParagonEX's high standards of integrity. Deals with brokers who did not meet those were terminated.”

The acquisition will enable ParagonEX to increase the company’s customer base by providing a more agile solution to small and medium-sized brokers. The product suite will be branded ParagonEX Dynamic.

The new acquisition will be added to the company’s existing line up of products including the long-standing ParagonEX Prime, which is an enterprise solution for large retail CFDs brokers.

ParagonEX intends to continue pursuing its growth strategy as a broker technology provider through organic growth, as well as acquisitions designed to expand its product offering and customer base.