Tuesday, October 15, 2024
19.3 C
New York

NeoXam set to acquire data control and automation platform EZOPS

  • NeoXam Acquisition: NeoXam, a Paris-based fintech firm, is set to acquire EZOPS, an AI-powered data control and automation company.
  • Expansion: The acquisition will expand NeoXam’s reach across Europe, Asia, and North America.
  • Enhancement of Offerings: NeoXam will integrate EZOPS’ solutions, including data control, workflow automation, reconciliation, and regulatory reporting, into its fintech services.
  • NeoXam Background: Founded in 2014, NeoXam offers data management, reporting, portfolio accounting, and transaction software solutions, servicing over 150 asset managers and banks globally.
  • Staff Expansion: Over 150 employees from EZOPS’ offices in New York, New Jersey, Dublin, and Delhi will join NeoXam.
  • Global Growth: NeoXam aims to leverage this acquisition to accelerate growth in the US, Ireland, and India.
  • EZOPS Funding: EZOPS raised $10 million in a 2019 funding round led by Credit Suisse NEXT Investors.
  • Deal Terms: Further financial terms of the deal have not been disclosed.

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

Related Articles

Popular Categories

spot_imgspot_img