Profidata Group Acquires the Entire Shares of Abraxas

Profidata Group Acquires the Entire Shares of Abraxas
27.05.2016 10:00 am

Profidata Group Acquires the Entire Shares of Abraxas

M&A Deals

Profidata Group AG (Profidata Group) has acquired the entire shares of abraxas GmbH (abraxas), a business that makes a perfect match for the existing portfolio of Profidata products and services.

Over the past 25 years abraxas has built an excellent reputation among investment managers and custodian banks with its product families FundLine, for processing mutual fund orders and calculating trailer commissions, and RiskLine, for consolidation and quality assurance of financial market data, automated checking of market conformity and fair value calculation. The company also provides product-related services. 

Abraxas will continue to operate independently from its existing location in Saarbrücken, but as part of the Profidata Group.

Related News

Nostra MSP acquires Brandon Global

Nostra, an independent, Irish owned and managed MSP company headquartered in Lucan, Co. Dublin has acquired Brandon Global IT for an... Read more »

Financial conglomerate SBI to acquire $30MM stake in digital asset firm B2C2

B2C2, the trading firm of choice in the institutional crypto markets, announced that SBI Financial Services (a subsidiary of SBI Holdings, "... Read more »

Rise in M&A predicted as retail banks navigate post-COVID crash, latest Kearney analysis reveals

Analysis from global consultancy partnership Kearney predicts a rise in mergers and... Read more »

MFS Africa Acquires Beyonic, Bringing Cross-Border Digital Payments to SMEs Throughout Africa and Beyond

Pan-African cross-border payments leader MFS Africa today announced that it has acquired ... Read more »

FIME expands testing & consultancy offering with the acquisition of CETECOM Payment activities in the U.S.

Payments testing and consultancy expert, ... Read more »

Elaia and Bpifrance acquire stakes in iBanFirst in a €21 million third round of funding

Global financial services provider iBanFirst, delivering solutions across banking borders, has announced that it will continue to expand with the help of venture capital funds... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel