Thomson Reuters offloads eXimius to Objectway
08 January 2013 | 1580 views | 0
Source: Thomson Reuters
Objectway Financial Software S.p.A ("Objectway") has acquired eXimius, a private client wealth management software business, from Thomson Reuters.
The acquisition strengthens Objectway's wealth management solutions and further drives its expansion within EMEA.
Objectway is acquiring eXimius for its distinctive product offering, talented employees, presence in Europe and its ability to deliver specialized client solutions. Combining these assets with the extensive expertise and vision of Objectway will spearhead the development of a strong pan-European business.
eXimius is a robust relationship-centric portfolio management, modelling and reporting platform. eXimius is designed for sophisticated wealth managers who want a single platform to grow and manage their clients' wealth management needs. eXimius will be integrated into Objectway's broader suite, which is designed to enable wealth and asset management institutions of all sizes to provide best-in-class services to all customer segments.
"This acquisition strongly reinforces our positioning and accelerates our commitment to expand within EMEA" said Luigi Marciano, Founder and Chairman of Objectway.
"Thomson Reuters is delighted to have found a strong leader in Objectway who will continue to grow and serve eXimius' customer base" said John Fennelly, Managing Director and Head of Wealth Management at Thomson Reuters.
Novitas acted as corporate advisor to Thomson Reuters.