By Paritosh Bansal
NEW YORK (Reuters) - NYFIX Inc (NYFX.O: Quote, Profile, Research, Stock Buzz), which provides trading technology and liquidity pools, is in merger talks with two companies, and hopes to have deals in the next two to three months, its chief executive said on Monday.
The deals would be roughly the same size as NYFIX in terms of revenue, Chief Executive Howard Edelstein told the Reuters Exchanges and Trading Summit.
Private equity firm Warburg Pincus WP.UL intends to continue to invest in the sector through NYFIX, he added.
"They are not going to buy ten other companies and do the same thing," Edelstein said.
New York-based NYFIX got a $75 million investment from Warburg Pincus in 2006.
Edelstein, who was an entrepreneur-in-residence with Warburg Pincus, joined the company as CEO at the time of the private equity firm's investment.
NYFIX reported 2007 revenue of $121.7 million, up 24 percent over the previous year.
"'07 was our cleanup year," Edelstein said. "'08, we are turning our focus to growth." Continued...
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