Nyfix to acquire Javelin Technologies

Nyfix will finance the transaction with a combination of $11 million cash and approximately $44 million of Nyfix common stock. In addition, it has negotiated an earn-out clause whereby a portion of the purchase price will be based on Javelin's 2002 revenues. The transaction is scheduled to close on March 31, 2002.

Javelin Technologies currently boasts over 1,000 installations at 300 buy- and sell-side institutions, exchanges and electronic connectivity networks, including 50 clients in Euro

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