19 August 2017
Find out more

Odyssey acquires Canadian wealth management outfit Xeye

23 January 2008  |  5368 views  |  0 handshake

Luxembourg-based Odyssey Financial Technologies has acquired Xeye, a Canadian provider of wealth management technology. Financial terms of the deal were not disclosed.

Xeye is based in Mississauga, Ontario, with an office in New York. The firm's flagship product, WealthManager, is targeted at private banks and trusts, financial planners, broker dealers and wealth managers.

Odyssey says the acquisition will boost its presence in the North American markets.

Xeye WealthManager will continue to be offered as a standalone product but will also be integrated into Odyssey's wealth and asset management platform.

Commenting on the acquisition, Antoine Duchateau, chairman and CEO, Odyssey, says: "Xeye has built a full Java Oracle SOA platform for the front-end wealth management market, which is especially strong in North America within the CRM/advisory retail brokerage area. This complements our strengths in the HNWI/private banking domain significantly."

Last May Odyssey bought CAfIT, a UK-based provider of fixed income, derivatives and balanced fund software to asset managers.

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

Wealth management IT spending to hit $28.5bn by 2012 - Datamonitor

Wealth management IT spending to hit $28.5bn by 2012 - Datamonitor

26 October 2007  |  8786 views  |  0 comments
Odyssey buys CAfIT

Odyssey buys CAfIT

21 May 2007  |  5151 views  |  0 comments
Apax acquires minority stake in Odyssey Asset Management Systems

Apax acquires minority stake in Odyssey Asset Management Systems

26 April 2006  |  4739 views  |  0 comments
Odyssey acquires Reuters portfolio management product

Odyssey acquires Reuters portfolio management product

30 November 2005  |  8735 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.dorsum.eudownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
8961 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7826 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
7204 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6448 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
6311 views comments | 11 tweets | 9 linkedin

Featured job

Find your next job