21 August 2017
Find out more

FRSGlobal acquires Business Objects' Secam+

10 November 2008  |  7157 views  |  0 graph

Brussel's-based risk management and compliance outfit FRSGlobal has acquired regulatory reporting specialist BusinessObjects Secam+, from SAP subsidiary Business Objects.

The Secam+ software is used by UK-based investment firms to meet regulatory reporting demands of the Basel Capital Accord. Clients include multi-national financial institutions across Europe, North America and Asia, with a considerable R&D investment in Japan and Korea.

The deal provides FRSGlobal with an entree to a new pool of clients and opens the doors to the Korean and Japanese markets. It also strengthens the firm's ongoing relationship with SAP, offering its FinancialAnalytics package as a core part of the SAP BankAnalyzer set of applications for finance and risk management and the SAP NetWeaver Business Intelligence component.

Steve Husk, CEO, FRSGlobal, comments: "Secam+ is a specialist solution and the expertise they have will only add to the sophistication of our regulatory reporting offering for the securities industry and our associated clients."

The deal is supported by The Carlyle Group and Kennet Partners, the private equity investors in FRSGlobal. Terms of the deal were not disclosed.

The buy-out represents the second acquisition for FRSGlobal in recent months, following its purchase of Iris integrated risk management AG in August 2008.

The FRS business was originally spun out of S1 to the PE firms back in 2006.

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

FRSGlobal buys Iris

FRSGlobal buys Iris

26 August 2008  |  7891 views  |  0 comments
S1 sells off FRS subsidiary

S1 sells off FRS subsidiary

14 August 2006  |  5881 views  |  0 comments
FRS acquires Providus assets

FRS acquires Providus assets

28 June 2005  |  4386 views  |  0 comments
HBOS licenses FRS regulatory reporting software

HBOS licenses FRS regulatory reporting software

29 April 2004  |  4358 views  |  0 comments
FRS to ship Business Objects solutions for Basel II compliance

FRS to ship Business Objects solutions for Basel II compliance

09 June 2003  |  3542 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.dorsum.euvisit www.niceactimize.com

Who is commenting?

A Finextra member Finextra Member Commented on: Real-time payments in...
A Finextra member Finextra Member Commented on: Barclays uses sensors...

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
11608 views comments | 26 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
9939 views comments | 22 tweets | 31 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
9694 views 0 | 5 tweets | 1 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
9402 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
9367 views comments | 10 tweets | 8 linkedin

Featured job

Find your next job