Dubai-based investment company DIFC Investments is set to buy software licensing and professional services firm SmartStream Technologies for some £200 million.

Dubai-based investment company DIFC Investments is set to buy software licensing and professional services firm SmartStream Technologies for some £200 million.

The deal will be satisfied in cash and the target firm’s management team will remain in place. Chairman of DIFC, Omar Bin Sulaiman, said: “This acquisition enhances the DIFC’s role in the global financial services industry and further establishes the DIFC as a global gateway for the international financial business.”

DIFC investments aims to create hosted information and trade processing services, and its intention is that SmartStream will be at the heart of the secure, scaleable trade processing and data management platform it is building.