NeoXam, a provider of data management and transaction software solutions, has acquired 100M.
According to NeoXam, the acquisition will consolidate its digital expertise and enable 100M to accelerate its growth.
In the two years since its inception, 100M has already appealed to numerous key players in France and the U.S.
The product launch to a selection of clients is scheduled for 2019.
Clément Miglietti, co-founder and CEO of 100M, said: “Joining NeoXam will enable us to significantly accelerate our product and business development. We share the same vision: that the sector is heading towards more digital offerings, cloud applications and a new user experience.”
He added: “100M’s products are currently at the end of the financial value chain. Collaborating with NeoXam will allow us to deploy our technology throughout the chain.”
Serge Delpla, CEO of NeoXam, commented: “We are always looking for new ways to keep our products innovative. One of our main goals is to ease the use of centralised data in our solution suite by enabling it to be coherent, user-friendly and accessible.”
He added: “This value-added data will be visible instantly, continuously allowing our clients—and theirs—to make intelligent decisions and follow all events in real-time.”
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