Cadis, a provider of enterprise data management (EDM) systems, today announced the acquisition of C8Software Ltd. C8 are at the forefront of client, MIS and compliance reporting software with their Consolid8 product.
The acquisition enables clients to further leverage the data stored within the Cadis EDM application.
Daniel Simpson, CEO of Cadis Software added: "We are responding to the requests of our customers to integrate enterprise data management with reporting technology to create a 'best-in-class' solution. Many reporting initiatives fail due to poor quality data; Cadis has demonstrable success in rapidly pulling this information together from disparate sources in a fully audited environment. We now offer our clients a way to seamlessly extract this valuable information into internal and external reports, confident that it has been validated, audited and all the appropriate workflow has taken place." He adds: "This acquisition brings a team of reporting professionals with deep industry experience to Cadis; we are delighted that Rob and his team have joined us."
Rob Gray, Managing Director and Co-Founder of C8 Software said "We are very excited to become part of Cadis. Their recognition, reputation and market share was instrumental in our decision to join forces. Cadis and C8 have perfect synergies and a matching ethos around client implementation and customer satisfaction. The Consolid8 product fits perfectly with the Cadis product offerings in that our aim is to empower business users to rapidly build a working solution. Upon integration of our products, we will have the most comprehensive array of end-to-end products designed specifically for investment professionals, with more to come in future months."