Source: Dion Global Solution
Dion Global Solutions (Dion) (BSE: 526927), today announces that it has acquired the entire issued share capital of Investmaster Group Limited (Investmaster), the UK based specialist provider of wealth management and stockbroking software.
The acquisition is part of Dion's strategy to become a leading provider of a comprehensive, diversified suite of solutions to financial markets worldwide.
Investmaster has been a specialist provider of wealth management and stockbroking software to the UK private client market for over 25 years. Their client base has combined Assets under Management exceeding £28 billion and over 800 users across the UK and Ireland.
This transaction gives Dion a significantly increased presence in the UK and an established base upon which further expansion can be built. Investmaster's private client product suite complements Dion's existing range of products, which cover portfolio management, trading, settlement, risk management, analytics, treasury and research services.
Material changes in the day-to-day running of the business are not expected, Peter Little will continue as CEO and the Investmaster management team and staff will continue unchanged. It is anticipated that the Investmaster business will be rebranded as Dion Global Solutions.
Ralph Horne, Global CEO & Managing Director, Dion commented, "Investmaster is a highly strategic acquisition for us. Their reputation in the market, their client base and their technology offer us a strong presence in the UK. Combined with the added products, investment and market expertise that Dion can offer, Investmaster is a key element in the wider Dion brand. Our resources, contacts and global operations will allow Investmaster to continue growing in the UK and now expand into new markets through our global distribution network."
Peter Little, CEO, Investmaster said, "Dion's deep domain expertise and approach to business makes them a trusted partner to businesses they work with. It's this approach that makes them an ideal fit for Investmaster, and their suite of products sits well alongside our own."