Fintech solutions provider NeoXam has announced the signing of an agreement to acquire EZOPS, a company specializing in AI-enabled data control, workflow automation, reconciliation, and regulatory reporting solutions.
This acquisition is set to bolster NeoXam’s Fintech offerings and extend its international footprint, with particular emphasis on key markets such as the United States, Ireland, and India.
Since its founding in 2014, NeoXam has pursued a strategy of both organic growth and acquisitions to create a comprehensive suite of solutions for the financial services industry.
The company, which employs over 650 people across 16 global offices, serves more than 150 clients, including asset managers, market service providers, and regional and global banks.
Its solutions optimize critical IT systems across the entire financial value chain, covering front, middle, and back-office processes, including data management, performance reporting, portfolio management, and investment accounting.
The acquisition of EZOPS is a strategic move to enhance NeoXam’s capabilities, particularly in automation and artificial intelligence, which are becoming increasingly vital in managing the complex data needs of financial institutions.
EZOPS, with a team of over 150 employees, brings additional expertise in data management, reconciliation, reporting, and automation.
These capabilities are expected to complement NeoXam’s existing offerings, allowing the combined entity to deliver more powerful and comprehensive solutions to clients across the financial industry.
This deal underscores NeoXam’s commitment to expanding its global reach and enhancing its technology suite to better serve its customers. With EZOPS’ specialized technology,
NeoXam aims to strengthen its market position and provide greater value to clients seeking innovative solutions in data control and automation.
The combined company will leverage their complementary geographical presence and technical expertise to drive growth and deliver improved services to customers worldwide.
Both NeoXam and EZOPS anticipate significant synergies from the transaction, enabling them to enhance their service offerings and better meet the evolving needs of the financial services industry.
D.A. Davidson served as the exclusive strategic and financial advisor to NeoXam in the acquisition, which is expected to close following customary regulatory approvals.
This acquisition aligns with NeoXam’s growth strategy and reinforces its position as a leader in financial technology solutions.
