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Codrington Partners Ltd Acquires M2 Systems Corp and Changes Its Name to M2 Global Ltd
St Johns, Antigua - 02 September, 2008 - Codrington Partners Limited (CPL) (Bloomberg: CPL@.BH), a leading provider of software for electronic payment systems, today announced that it has changed its name to M2 Global Ltd (Bloomberg: M2G@BH) in conjunction with its acquisition of M2 Systems Corporation.
Michael Muscato, Chairman and Chief Executive Officer of Codrington Partners, said, "M2 Systems has a long standing and well deserved reputation for developing leading edge, flexible transaction processing technologies and for providing their clients with nothing but top notch customer service. With the acquisition of M2 Systems we wanted to preserve the M2 brand and extend it to reflect our intention to become a global payment solutions licensing company. Our new name, M2 Global, does just that and also reflects the promise of our newly combined company. We expect to deliver enhanced value to our shareholders, truly global product reach to our customers and partners, the same high level of development and service excellence that our licensees expect of M2, and a commitment to quality by our employees. This is a very important step in building our global footprint for technology and processing solutions"
M2 Systems, subsequent to its acquisition by M2 Global, became a wholly owned subsidiary of M2 Global Ltd.
About M2 Global Ltd.
M2 Global Ltd. develops, acquires, operates, holds and licenses income-producing intellectual property assets. The company focuses on software, patents, trademarks and other proprietary rights underlying information technology directed at the financial services industry. Our technology portfolio principally consists of transaction processing software enabling credit and debit card transactions, other online funds authorization and settlement systems and patented fraud prevention systems. Our principal software products are ENGIN and authENGIN.
Contact Information
Darren Rennick
M2 Global Ltd.