Data management solutions provider expands North American presence with purchase of legal entity solutions provider
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.
Jesse Lund talks about real uses for DLT in the capital markets, lessons learned while rolling out IBM's blockchain platform, and what’s ahead for 2018, and into 2019.Subscribe to Weekly Wrap emails