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 technology 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
LSEG and IBM partner for SME blockchain
20 July 2017 | London | Reporter: Drew Nicol
The framework will be built on Hyperledger Fabric version 1.0 and hosted by The Linux Foundation
New OMS launches to support firms in MiFID II
19 July 2017 | London | Reporter: Stephanie Palmer
London-based financial technology start-up Hedgd has launched its cloud-based order management system, to support firms in compliance with the second Markets in Financial Instruments Directive
European banks join forces for SME blockchain venture
14 July 2017 | Paris | Reporter: Drew Nicol
Paris Europlace, along with seven European banking partners, has launched LiquidShare, post-trading blockchain infrastructure for the small and medium enterprise market
Financial institutions seeking blockchain buffs
13 July 2017 | London | Reporter: Stephanie Palmer
The increased use of blockchain technology in financial services is leading institutions to seek new recruits with skills in the technology, according to research from recruiter Robert Half
Hyperledger Fabric 1.0 goes live
12 July 2017 | London | Reporter: Drew Nicol
Blockchain developer Hyperledger has achieved a “huge milestone” with the launch of Hyperledger Fabric 1.0, according to IBM chief technology officer of open technology Chris Ferris
R3 working with Intel on Corda security
12 July 2017 | New York | Reporter: Stephanie Palmer
R3 is collaborating with Intel to improve data privacy and security for Corda, its distributed ledger technology platform
Profile acquires treasury software provider
11 July 2017 | London | Reporter: Stephanie Palmer
Financial solution provider Profile Software is set to acquire 100 percent of Login, an international provider of treasury software
More technology news