PRESS RELEASE: NeoXam Takes Operational Control of Density Technologies to Boost Distribution of Integrated Front to Back-Office Solution to Medium Sized Asset Managers Worldwide
Paris – October 14, 2014 – NeoXam, a leading financial software provider, announced today that it took over the operating control of Density Technologies. NeoXam will now be entirely responsible for contracting and servicing Density’s existing and new clients. Covering front to back-office activities, Density’s DT Suite supports medium sized asset managers, private banks, insurance companies, mutual and hedge funds as they grow their business whilst mitigating their risks and reducing their costs. A cross asset and modular solution, DT Suite covers the entire portfolio management processes in a transparent and efficient manner. Based on new generation framework and technologies, it provides agility to address the markets’ evolutions through an intuitive and easy-to-use interface. The DT Suite will from now on be renamed “NX Density”.
Serge Delpla, Chief Executive Officer of NeoXam, said, “We are delighted with this agreement that will benefit both sides. This is a strategic move for NeoXam within the market place. It is also perfectly in line with our international growth strategy as we are focused on Asia, USA and emerging markets. Our priority is to provide reliable and performant solutions and services that best address the industry’s demands. NX Density has been designed to address the front-to-back business needs of medium sized organizations. It will perfectly fit within our NX solution suite. NeoXam now offers an integrated front to back-office solution to medium sized asset managers whatever they are fund managers, asset servicers or insurance companies. ”
Pascal Meheut, Managing Director at Density Technologies, said “This partnership is key for us. It will enable Density to move its offering to the next level by providing wider and richer solutions as well as full support in both local and global environments. By benefiting from NeoXam’s strong distribution channels throughout the world, NX Density will address new markets and new clients. We are committed in the continuous development of high quality service and support to our customers.”
About Density Technologies
Density Technologies was founded in 2005 by a group of professionals with combined experience in software and finance. Density Technologies develops business software solutions dedicated to asset management professionals. Covering front-to-back-office STP processes, Density Technologies serves 20 clients in Europe. For more information, please visit:www.density-tech.com/en
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 95 clients around the world, NeoXam provides through its international distribution network full coverage of local requirements in 15+ countries. More than $7 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 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 holders.
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