Wednesday, June 12, 2024
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FE fundinfo snaps up wealth management fintech Dericon

  • Acquisition Details:
    • Acquirer: FE fundinfo, a UK-based financial data firm.
    • Target: Dericon, a wealth management fintech based in Frankfurt, Germany.
    • Acquisition Amount: Undisclosed.
  • About Dericon:
    • Founded: 2008.
    • Services: Derivative pricing, market data integration, portfolio management, compliant product structuring.
    • Platform: Dericon WMS, used by over 150 banks and investment houses across Europe.
  • Strategic Benefits:
    • Expansion: Enables FE fundinfo to strengthen its presence in Europe.
    • Access: FE fundinfo clients gain entry to Germany’s largest distribution channel via the Sparkassen Group, serving 50 million customers.
    • Enhanced Services: Provides German investors with a broader range of investment opportunities and clearer information between distributors and investment products.
  • Company Statements:
    • Liam Healy, CEO of FE fundinfo: Acquisition will help improve clarity in distribution and investment product information, offering a competitively differentiated solution.
    • Andreas Krause, Founder and MD of Dericon: The acquisition will help Dericon grow its reach and enhance its WMS platform into a comprehensive German distribution hub.
  • Expansion Strategy:
    • Recent Acquisitions: Since 2021, FE fundinfo has acquired six firms including:
      • 2021: CashCalc (UK), Zenith Group (Australia), FundConnect (Denmark).
      • 2022: Funds360 (France), Fundsquare (Luxembourg).
      • Last Year: Adjuto (France).
  • Overall Goal:
    • Growth: To accelerate international expansion and enhance the distribution and access to accurate and timely financial information for asset managers and distributors.

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