24 February 2018
visit www.nextgenbanking.co.uk/

Atos Euronext invests in Coexis

02 March 2006  |  8892 views  |  0 cash close up coins

Atos Euronext Market Solutions (AEMS) has acquired a 19.5% stake in Coexis Limited, a UK-based provider of capital markets software.

Financial terms of the deal were not disclosed but Terry Williams, chairman, Coexis, told Finextra that AEMS would have the option to purchase the remaining shares in the firm at the end of 2008.

Williams says the funds will be used to expand the firm's sales force in the UK and US.

AEMS will also use the vendor's Syn~ technology - a standards-based engine for the execution of business processes and rules - to develop solutions that meet market requirements such as the Markets in Financial Instruments Directive (MiFID) and Euroclear Settlement for Euro-Zone Securities (ESES).

Jean-Marc Bouhelier, CEO of AEMS, says: "This investment will allow AEMS to continue to exceed the demands of its global customers for cost-effective, flexible and scalable leading-edge trading, clearing and trade processing solutions."

Says Williams: "Having the public backing of a technology player like AEMS with worldwide expertise in consulting, product and system integration, hosting and facilities management, as well as an ASP model gives Coexis the right opportunities for growth.

"The investment provides Coexis with the upside benefits of a large scale organisation, without losing the agility of a closely knit management team."

AEMS was created from the merger of the AtosEuronext joint venture with the Euronext.Liffe Market Solutions business.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Euronext and Atos Origin extend IT services JV

Euronext and Atos Origin extend IT services JV

27 July 2005  |  7026 views  |  0 comments
AtosEuronext wins Tehran Stock Exchange contract

AtosEuronext wins Tehran Stock Exchange contract

26 May 2005  |  4560 views  |  0 comments
AtosEuronext wins Muscat Securities Market deal

AtosEuronext wins Muscat Securities Market deal

26 April 2005  |  5167 views  |  0 comments
Euronext to merge IT arms; confirms MTS bid

Euronext to merge IT arms; confirms MTS bid

15 March 2005  |  8615 views  |  0 comments
Coexis hires ADP CTO O'Brien as director, business development

Coexis hires ADP CTO O'Brien as director, business development

10 May 2004  |  6761 views  |  0 comments
Swissca Securities live with Coexis on Oracle

Swissca Securities live with Coexis on Oracle

13 June 2003  |  4609 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.nextgenbanking.co.ukRegister for the webinarvisit www.ebaday.com

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
11794 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10327 views 3 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
8569 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8091 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
7776 views comments | 10 tweets | 14 linkedin

Featured job

Find your next job