London
11 July 2017
Reporter: Stephanie Palmer

Profile acquires treasury software provider


Financial solution provider Profile Software is set to acquire 100 percent of Login, an international provider of treasury software.

The majority of Login’s shares were acquired on 6 July, and the full transaction is expected to be complete in 2018.

Through its AcumenNet platform, Login is designed to meet the middle- and back-office, trading and risk management requirements of banks’ treasury departments, covering various asset classes.

Profile Software and Login already have an established partnership, with AcumenNet already integrated into Profile’s banking platform.

Babis Stasinopoulos, CEO of Profile, said: “We are extremely happy with the acquisition of Login. We believe that the range of our available solutions is significantly enriched with specialised know-how and new functional capabilities, allowing us to address new market segments.”

“This acquisition further emphasises our company’s commitment to achieving strategic international expansion, strengthening our presence in key financial centres and moving to the new era of banking and fintech.”

Marc Beaulande, executive director of Login, added: “After having worked together as partners over the past couple of years, we have found a lot of synergy, common approaches and market views between Profile Software and Login and we are therefore very happy with this strategic acquisition.”

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Tom Carey takes on new role at Broadridge
16 January 2018 | New York | Reporter: Zsuzsa Szabo
Broadridge Financial Solutions has appointed Tom Carey to head up the firm’s new international business Broadridge International
Raymond James selects Red Deer for MiFID II
16 January 2018 | London | Reporter: Jenna Lomax
Raymond James Investment Services has chosen Red Deer’s research valuation management solution to adhere to MiFID II
SWIFT and CSDs join forces on proxy voting DLT
15 January 2018 | Brussels | Reporter: Jenna Lomax
SWIFT and seven CSDs have partnered to explore how distributed ledger technology could be implemented in proxy voting and for digital assets
Saxo Bank appoints CCO
15 January 2018 | London | Reporter: Jenna Lomax
Bunce will begin his new role in February 2018 and will report to Kim Fournais, CEO and founder
HSBC creates head of innovation role for blockchain actions
15 January 2018 | London | Reporter: Jenna Lomax
Nabi will be responsible for establishing and managing initiatives across HSS — focusing on technology as well as digital and data solutions
Northern Trust acquires technology resources from Citadel
12 January 2018 | Chicago | Reporter: Jenna Lomax
Citadel has agreed to give Northern Trust the software development rights for Omnium, a software solution, along with an undisclosed number of development staff
Lombard Risk share prices soars after Vermeg takeover offer
12 January 2018 | London | Reporter: Zsuzsa Szabo
Dutch financial software provider Vermeg has set its sights on acquiring Lombard Risk with a £52.08 million cash for shares offer
More news