Dion acquires SwissRisk Financial Systems
04 September 2014 | 1753 views | 0
Dion Global Solutions (BSE: 526927), technology partner to the financial services industry, has today announced that it has completed its acquisition of SwissRisk Financial Systems (since renamed Dion Global Solutions GmbH), after initially acquiring a controlling stake in January 2012.
The move enhances the firm's European footprint and highlights the importance of that market to Dion's growth strategy. The technology and expertise inherited through the initial investment is now an integral part of the Dion group. It has underpinned a number of new global solutions designed to address current and future business and regulatory requirements, including: FATCA and tax information reporting, payment initiatives such as SEPA, improved workflow processing and efficient data management.
"It was always our intention to acquire the remaining shareholding and we are delighted with the benefits we have seen from our initial investment," said Ralph Horne, CEO at Dion. "As well as an extensive product portfolio, we have also inherited a first class team of employees and a blue-chip client base and therefore it made sense to complete the investment earlier than originally planned. We are confident that this will help us continue to expand our solution suite and market share across the region and the globe."