KRM22, an investment vehicle created to undertake a roll up of software companies providing risk management tools to the capital markets industry, has agreed to acquire Dutch-based risk management and post-trade services group Object+ for around £3 million.
Based in the Netherlands with offices in Amsterdam and Chicago, Object+ services global banking and trading firms across Europe, North America and Asia. Its market risk management technology includes real-time P&L and margin management, as well as pre-trade order limit management capabilities.
Led by former former Ffastfill chairman Keith Todd, KRM22 is aiming to build a 'Global Risk Platform' by making investments in businesses that are experiencing and struggling against scale-up challenges.
The addition of Object+ to KRM22’s product suite enables the firm to expand its market risk services to include pre-trade and at-trade functions that connect directly to major global exchanges. Additionally, the acquisition will make it possible for KRM22 to share data between systems, eliminating the need for multiple market data sources and reconciliations for its customers.
Says Todd: “This acquisition is a further strategic step towards the development of our Global Risk Platform, bringing strong post-trade execution and market gateway expertise which is complementary to our existing market risk offering. Our focus is to provide applications which help our customers reduce the cost and complexity of risk management at their firms and believe that this acquisition will help us to build even greater momentum in the market.”