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.”