Profile Software acquires treasury management outfit Login
10 July 2017 | 2931 views | 0
Source: Profile Software
Profile Software, the leading financial solutions provider, announced today the acquisition of Login SA, an international Treasury specialized provider.
Profile Software has reached an agreement to acquire 100% of Login SA. The transaction was agreed with the acquisition of the majority of the shares on 6 July 2017, and will conclude in 2018.
Founded in 1988, Login SA (www.login-sa.com) is based in Paris, France, and specializes in developing financial treasury software. Through its AcumenNet platform, Login is serving front-office, trading, risk management, middle and back office requirements of Banks’ Treasury Departments. The product covers a wide range of asset classes that include, among others, Forex and Money Market instruments, Exchanged Traded and OTC derivatives as well as Securities and Commodities. Login SA has a loyal clientele in 16 countries in Europe, Africa, the Middle East, Asia and America.
In addition, Profile Software and Login SA have an already established partnership, with AcumenNet being successfully integrated with FMS.next, Profile’s banking platform and utilized at client sites.
Babis Stasinopoulos, Profile’s CEO stated: “We are extremely happy with the acquisition of Login SA. We believe that the range of our available solutions is significantly enriched with specialized know-how and new functional capabilities, allowing us to address new market segments. This acquisition further emphasizes our company’s commitment to achieving strategic international expansion, strengthening our presence in key financial centers and moving to the new era of banking and fintech.”
Marc Beaulande, Login SA’ Executive Director stated: “After having worked together as partners over the past couple of years, we have found a lot of synergy, common approaches and market views between Profile Software and Login SA and we are therefore very happy with this strategic acquisition. It will allow our company to even better serve our existing clients and to expand our client base. AcumenNet platform will deliver additional functionalities and will address new market segments.”