ION Group to acquire a 9.9% stake in illimity.

ION Group, a global financial software and data firm, agreed to acquire a 9.9% stake in illimity, a high-tech banking group, for 5.75m ordinary shares and warrants for a further 2.4m shares. Financial terms were not disclosed. "I am extremely pleased to be able to welcome the ION Group as one of our long-term shareholders, and in particular Andrea Pignataro, with whom I share the vision of a highly innovative future. We are expecting highly significant technological and commercial synergies from our partnership that will strengthen our Business Plan even further," Corrado Passera, illimity CEO and Founder.