Amundi Know-how has agreed to amass aixigo in a deal valued at $157 million.
Amundi will leverage the acquisition to strengthen its position as a number one know-how and companies supplier within the asset administration area.
Aixigo final demoed its know-how on the Finovate stage at FinovateFall 2018 in New York.
Amundi Know-how, an asset supervisor primarily based in France, has acquired German wealth administration platform supplier aixigo. The transaction has been valued at $157 million (€149 million).
The acquisition is designed to assist banks and monetary establishments combine technological options into their IT infrastructures sooner. Including aixigo will assist Amundi develop additional as a know-how and companies supplier, enabling the agency to supply a extra complete vary of companies. The acquisition will even develop Amundi’s geographical attain because of aixigo’s buyer base in Germany, Switzerland, and the U.Okay.
“Becoming a member of Amundi Know-how presents aixigo with a singular alternative to develop our service choices and leverage Amundi’s experience, permitting us to turn out to be the undisputed European chief earlier than progressively extending our attain into Asia, a imaginative and prescient that completely aligns with our values and ambitions,” aixigo CEO Arnaud Picut stated.
Based in 1999, aixigo provides modular, intuitive wealth administration know-how. The corporate’s aixigo:BLOXX wealth administration platform is a totally customizable resolution that permits monetary companies suppliers to design wealth administration companies that match their particular necessities and preferences. Portfolio evaluation and reporting, digital portfolio administration, danger administration, monetary planning, and funding recommendation are among the many options of aixigo’s high-performance, API-based platform.
With a employees of 150, aixigo serves greater than 20 purchasers representing greater than $1.05 trillion (€1 trillion) in property underneath administration. The corporate experiences that 60,000 advisors use aixigo’s know-how every day for all the things from shopper onboarding to report era. Amundi is a number one European asset supervisor with 100 million retail, institutional, and company purchasers. A subsidiary of the Crédit Agricole Group, Amundi manages $2.3 trillion (€2.2 trillion) in property.
“With the addition of latest experience, which has already been adopted and acknowledged by main monetary corporations, we’ll proceed to roll out new progressive companies, and play an lively half within the improvement of the monetary advisory and wealth administration sector,” Amundi Chief Government Officer Valérie Baudson stated. “This transaction will create vital worth for our purchasers, companions, and shareholders.”
Headquartered in Aachen, Germany, aixigo made its Finovate debut at FinovateEurope 2017. The corporate most just lately demoed its know-how earlier than Finovate audiences at FinovateFall 2018 in New York.
Photograph by Kai Pilger
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