LINEDATA SERVICES : Linedata Finalises Acquisition of CapitalStream Credit &
Risk Management Solution Strengthens Linedata's Product Offering and Presence
in North America
Neuilly-sur-Seine, France, 22 March 2013 - Linedata, the global solutions
provider for the investment management and credit finance communities, has
finalised its acquisition of the CapitalStream business and launched a
strategic partnership with HCL Technologies Ltd.
CapitalStream is the market leading loans origination platform for commercial
banks and equipment finance specialists. It is being adopted more widely than
any other lending and leasing platform in North America, responding in a
uniquely powerful way to the new risk and workflow management imperatives of
The revenues of this business will be consolidated into Linedata's accounts
from today. During the twelve months ending June 2012, CapitalStream posted
annual revenues of $30 million, according to US GAAP. The business has some
100 employees in the USA and Canada.
This acquisition significantly strengthens Linedata's position in North
America, with this region now accounting for over a third of the Group's
revenues. It also significantly extends the Group's presence and capabilities
in the lending and leasing area. It follows the acquisition of Fimasys in July
2011 and positions Linedata as one of the leading global players in the Credit
"This acquisition represents a major step in our growth strategy, enabling us
to provide advanced and innovative front-to-back solutions in the key North
American and European markets, and beyond. We are now uniquely positioned to
become the global partner of choice for the credit and finance community,"
comments Anvaraly Jiva, Founder and CEO of Linedata. "It also reinforces our
presence in North America which has always been key to our global growth
Next communication: publication of revenues for the 1st quarter of 2013 on May
14, 2013 after closing of trading.
Linedata is a global solutions provider with 700 clients operating in 50
countries. With more than 1000 employees across the globe, Linedata is
dedicated to the investment management and credit community. Linedata has been
at the service of the financial industry from day one, and applies its market
and client insight to provide innovative and flexible mission-critical
software and services that help its clients grow. As a pioneer for over 10
years with the set-up of SaaS infrastructure for the financial industry,
Linedata has preached and spread this model throughout the global financial
community, for its full range of products. Headquartered in France, Linedata
achieved revenues of EUR 144 million in 2012. This company is listed on
Euronext Paris FR0004156297-LIN - Reuters LDSV.LN - Bloomberg LIN:FP.
For further information, please contact:
Linedata Cap Value
Finance Department Financial communication
+33 (0)1 47 77 68 39 Gilles Broquelet / Samuel Beaupain
email@example.com +33 (0)1 80 81 50 00
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Source: LINEDATA SERVICES via Thomson Reuters ONE
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