Thomson Reuters Back-Office System Acquired by Objectway

Italian provider bolsters wealth platform with deal.

Headquartered in Milan, Objectway focuses solely upon the European markets.

European investment management software provider Objectway has finalized the acquisition of wealth and investment transaction processing system, BETA Global, from Thomson Reuters.

The deal for BETA Global completed immediately. The client settlement system for global securities processing is integrated with Objectway's eXimius portfolio management platform, creating a front-to-back office solution.

"The system's capabilities, integration with eXimius, and vote of confidence by some of the UK's most successful wealth management firms make BETA Global a strategic and exciting addition to our wealth management suite," says Luigi Marciano, CEO of Objectway. "There will be distinct advantages for our clients by having both ‘halves' of the front-to-back total wealth solution under the same Objectway roof."

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