Infront AS has reportedly entered into an agreement for the acquisition of Assetmax AG.
The acquisition represents a key milestone for Infront as the firm focuses on enhancing its product offering for wealth management clients across European markets.
The transaction is expected to be finalized by the end of September 2022 at the latest, subject to customary conditions.
Zlatko Vucetic, CEO of Infront, said:
“We are very excited to welcome Assetmax to the Infront family. We look forward to working closely with its founders and wonderful team to continue their impressive organic growth, while developing best-in-class solutions for buy-side customers. The Assetmax portfolio management solution will strengthen the Infront Wealth Management suite.”
Massimo Ferrari, CEO and co-founder of Assetmax said:
“As part of Infront’s pan-European team, we will be able to both enhance our solution for current customers and introduce the Assetmax solution to new customers. European wealth management advisors need the solutions and data that we can provide together. I’m thrilled to be joining the Infront team at this exciting time for European financial markets.”
As noted by its management, Assetmax AG develops and maintains “an integrated wealth management software solution for external managers, family offices and banks: Assetmax.”
They’ve combined their experience in portfolio management and software development “to design a software that delivers great process automation, reduces op risks, optimizes costs and supports our clients in staying compliant according to local rules ad up-to-date with regulatory requirements.”
As mentioned in the update, Infront claims to be “the leading European full-service provider of financial market solutions.”
Financial professionals across Europe and other world regions “rely on Infront for flexible financial market solutions.”
They offer “a powerful combination of global market data, electronic trading, news, and analytics along with data and feed solutions, solutions for portfolio management and advisory, regulatory compliance as well as publication and distribution solutions.”
Their solutions “serve 3,600 customers with over 90,000 professional users.”
With support for their complete workflow, financial professionals can “manage investment decisions, reduce costs, adapt to fast-changing market requirements and work more efficiently with ever-increasing amounts of information – quickly, easily and flexibly.”
Infront is “committed to the General Data Protection Regulation (GDPR).”