Neoxam
PRESS RELEASE: NeoXam Acquires SmartCo
Paris – June 3rd, 2015 – NeoXam, a leading provider of investment management software and services, has acquired SmartCo, an innovative enterprise data management software company, advancing NeoXam’s strategy to deliver cost effective, highly configurable solutions to the global asset management community. NeoXam provides front, middle and back-office solutions dedicated to the asset management community and has been growing through the acquisition of the best value-added software providers in France and internationally. SmartCo’s flagship products DataHub and IBOR are viewed in European and North-American markets as key solutions to reinforce and streamline IT data architecture of large financial institutions. Beyond the economic relevance of this operation, SmartCo’s solutions will perfectly complement NeoXam’s offerings to the asset managers worldwide.
Pascal Mougin, SmartCo’s President, comments “We are very happy to become part of NeoXam. This acquisition is perfectly aligned with SmartCo’s technology platform and business functionality strategy. After revenues had increased by 100% in two years, our company needed to partner with a larger organization that can accelerate our delivery of best-in-class solutions and has the capacity to achieve global ambitions required by our tier 1 clients today. To build on and expand our sales successes in the USA, we need an offensive sales strategy that can now be fully executed with NeoXam.”
Serge Delpla, NeoXam’s President, adds “Among the many motivations behind this acquisition, it is above all the synergies of both flexible end user offerings and scalable technology platforms that has been the most exciting. SmartCo will become our reference technical platform and will provide a new coherence in the IT systems we are building with our clients and partners. Around NX Manager or NX Tracker and also NX Compliance and NX GP3, SmartCo’s DataHub and IBOR will federate and streamline all the IT financial infrastructure of our clients. This expanded business spectrum of best-of-breed investment operations applications provide a compelling alternative suite of client driven, cost-efficient and configurable solutions that compete directly against the monolithic offerings that some software providers are trying to impose on the market. We are looking forward to promoting this offering worldwide especially in Asia and in the United States where SmartCo’s already strong, established presence will reinforce us to a considerable extent. Lastly, Pascal will join NeoXam’s Executive Committee, thereby actively contributing to the success of this endeavor which started 18 months ago.”
About SmartCo
SmartCo is a software provider specialized in Data Management dedicated to financial institutions and more recently to IBOR as a consolidating tool of the various parts of the IT infrastructure of a major American name in the asset management industry. In 2004, Pascal Mougin, former R&D Director at Décalog, created SmartCo around an original and innovative technology platform. Since then, the company has experienced a constant growth, with more than 20 key references in the financial industry around the globe.
For more information, please visit: www.smartco.com
About NeoXam
NeoXam provides front, middle and back-office solutions to the asset management industry worldwide. Benefiting from more than 25 years of experience, NeoXam enables clients to achieve a new experience in asset management. With more than 140 customers around the world, NeoXam provides through its international distribution network full coverage of local requirements in 15+ countries. More than $10 trillion worth of assets are processed daily through its solutions by more than 10,000 users. NeoXam is headquartered in France with offices in Europe, USA, Asia, Middle East and Africa. For more information, please visit: www.neoxam.com
Trademark Information: NeoXam, the NeoXam logo are trademarks or registered trademarks of NeoXam. All other trade names are trademarks or registered trademarks of their respective owners.
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