Reuters first with financial software firm Sophis up for sale

Reuters scooped news on June 1 that the private equity owners of Sophis, a UK provider of portfolio and risk-management software for banks and hedge funds, were looking to sell the firm and had hired Credit Suisse as an adviser. With Sophis serving a third of the world’s top investment banks, the sale could attract interest from a range of listed rivals, people familiar with the matter told Reuters — making the story relevant both to Sophis`s big clients and to investors in its potential acquirers. Dow Jones matched the story a day later.