Source: www.earthtimes.org

iFinix Corp. (PINKSHEETS: INIX), a provider of real-time financial information and services to active traders and to the securities industry, announced today it has signed an agreement to acquire privately held ProActive Futures, Plainview, NY, a futures and options brokerage firm, in an all-cash transaction.

Founded in 2002, ProActive Futures is a full-service futures and options brokerage firm, specializing in trading commodity futures. It offers access to major futures and commodities exchanges and markets across the world. ProActive will operate as a subsidiary of iFinix and under the name IFinix Futures.

The acquisition is expected to be immediately accretive to iFinix’s earnings.

Doug Spadaro, chief executive officer of iFinix, said, “We are excited to expand into this segment in the industry. ProActive has an excellent track record in commodities future trading and an excellent established customer base.

“In addition to the additional positive revenue stream,” he said, “the acquisition expands our product offerings and brings greater brand awareness for iFinix through ProActive’s broad customer base. We look forward to continuing to announce more exciting developments to our shareholders in the near future.”

Source: economictimes.indiatimes.com

US-based smartphone maker Palm Inc on Wednesday said it may start outsourcing handsets from local manufacturers once sales pick up.

The company, which recorded a sales turnover of USD 1.56 billion in the last year, has launched two models in India so far, while the third one is expected to be launched in the next six months.

“We launched the first model in last September. This was targeted at the business class. The latest one, Centro, aims to catch up the younger generation. With these two and others in the coming days, we hope to be doing a good business in India,” Palm’s Regional Director (Asia pacific) Olivier Rozay told reporters after launching `Centro’ here.

He said the company has not initiated talks with local manufacturers on the outsourcing matter so far, but would ’start outsourcing once sales pick up’.

“Palm will bring Centro to India from China for the time being,” he said.

The company may also set up an R&D centre in the country, but there is no concrete plan as of now, he added.

On revenue from India, he said, it is very small since the first model was launched only six months ago, but contribution from India should go up by at least 10 per cent of Palm’s revenue from the Asia-Pacific region in the next one year.