Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,427.83 19.29 0.12%
S&P 500 1,868.46 3.61 0.19%
NASDAQ 4,106.39 10.87 0.27%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,512.38 -3.89 -0.03%
TOPIX 1,171.40 -1.97 -0.17%
HANG SENG 22,760.24 64.23 0.28%

Objectway Financial Software to Acquire Eximius from Thomson Reuters



     Objectway Financial Software to Acquire Eximius from Thomson Reuters

  PR Newswire

  MILAN, Italy and MECHELEN, Belgium, December 21, 2012

MILAN, Italy and MECHELEN, Belgium, December 21, 2012 /PRNewswire/ --

Acquisition strengthens Objectway ' s wealth management solutions and further
drives its expansion within EMEA

Objectway Financial Software S.p.A.( http://www.objectway.com ), a leading
Italian software provider for financial institutions which is currently
expanding in Europe, today announced that it has signed a definitive agreement
to acquire the eXimius business of Thomson Reuters. eXimius provides a private
client wealth management platform. The acquisition is expected to close later
this month. Terms of the transaction were not disclosed.

Objectway Financial Software 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 Financial Software will spearhead the
development of a strong pan-European business.

Futurimpresa Sgr S.p.A., the Italian institutional private equity fund which
has recently invested in Objectway, becoming a minority-stake shareholder, has
financially supported the acquisition of eXimius by providing Objectway with
the required capital.

eXimius is a robust relationship-centric portfolio management, modeling 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 Financial Software'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 Financial Software. "With the addition of eXimius' client wealth
management platform, we'll be able to add another advanced and complimentary
solution to Objectway Financial Software's product portfolio, which is focused
on meeting the rapidly evolving needs of financial advisors."

Luigi Glarey, CEO of Futurimpresa Sgr, commented, "We are extremely pleased
about Objectway's agreement to acquire eXimius. It represents a significant
step in the Objectway development plan focused on vertical integration and
international expansion."

"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. "Objectway
shares our vision of the growth opportunities that exist in the wealth
management space."

Ashurst has acted as the legal advisor and Klecha & Co. as the financial
advisor to Objectway.

Contact: Gilda Garbin, Marketing & Communication Associate, mktg@objectway.it,
+39(02)89800-1.
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement