About a fortnight after Fidessa Group plc (LON:FDSA), a provider of trading, investment and information solutions to the financial services sector, said it had received approaches from two separate third parties whose offers for Fidessa were at a premium to the Temenos offer, the company has decided to recommend the offer made by ION Bidco, an indirect wholly owned subsidiary of ION Investment Group Limited. In a filing with the London Stock Exchange, the boards of ION and Fidessa today announce that they have reached an agreement on the terms of a recommended all cash offer pursuant to which ION Bidco shall offer to acquire the entire issued and to be issued ordinary share capital of Fidessa. Under the terms of the Offer, Fidessa Shareholders will be entitled to receive £38.703 in cash for each Fidessa Share.