AIM Software Acquires Joss Technology

Data management solutions provider AIM Software has agreed to acquire US-based Joss Technology, a legal entity solutions provider.

Upon completion of the transaction, Joss Technology will operate as part of AIM Software North America, further extending AIM's GAIN platform, and will add a new business application focused on data related to entities such as counterparties, clients/accounts and issuers. AIM Software already offers out-of-the-box solutions for reference data, securities, portfolio pricing and corporate actions processing.

Vienna-based AIM CEO Martin Buchberger says: "Given the unprecedented interest in the legal entity data area, we are excited by the opportunity to expand our offering for our large customer base, as a result of Joss joining us."

New York-based Olivier Schlatter, co-founder of Joss Technology, says: "This union was the next logical step for Joss Technology. AIM Software has a unique approach with a portfolio of applications that perfectly matches the current needs of financial institutions, especially with the addition of our entity master."

The terms of the transaction were not disclosed.