In January 2013, Objectway acquired eXimius, a leading international Wealth Management software solution provider, from Thomson Reuters.
The objective was twofold.
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On the one hand, the integration of eXimius’ software solutions for portfolio management into Objectway’s Financial Suite of wealth products for advisory, financial planning, analytics, mobility, and securities back office management, was aimed at completing the offering of Objectway’s services to all relevant customer segments.
On the other hand, the merger helped to accelerate Objectway’s international expansion, thanks to eXimius’ distinctive product offering and well-established presence in Europe.
A year onwards, Objectway has signed more than 30 new eXimius client contracts in 5 international territories, across the full range of wealth management firms, from large Private Banks to independent wealth managers. In addition, a global distribution deal has been signed with a major securities third party administrator.
Furthermore, the company’s investments in cloud-based solutions and new digital channels have enabled firms to evolve their business towards the "Digital Wealth" model without major disruption.
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By GlobalDataLuigi Marciano, president and CEO of Objectway Group, said: "The valuable solutions of eXimius and its excellent reputation have helped us drive our international expansion and increase the footprint of Objectway’s Financial Suite products in new areas. Moreover, the adoption of our cloud-based solutions has been particularly encouraging."
Peter Schramme, CEO of Objectway Financial Software NV, said: "The integration with Objectway has certainly worked for us, our traditional UK and Benelux markets have performed extremely well and allowed expansion in territories such a France, Portugal and South Africa. Our expanded product range and the uptake of cloud offerings are very exciting and the outlook for 2014 is even better."
