- 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.
