Objectway Financial Software, a provider of wealth management and digital software solutions in the EMEA region, has signed an agreement to acquire 3i Infotech’s Western Europe unit from 3i Infotech Group with a 25% market share.
Go deeper with GlobalData
The deal will expand Objectway’s wealth & investment management solutions as well as boost its presence in the UK.
Under the agreement, Objectway will acquire 3i Infotech Western Europe’s products including rhymeSIGHT, Fiscal and Altimis products and will combine them into the Objectway Financial Software product suite.
Objectway Group founder and CEO Luigi Marciano said: "With the addition of 3i Infotech’s platforms, we’ll be able to add a set of core solutions to Objectway Financial Software’s product portfolio for the UK. Objectway will actively invest in the 3i Infotech product offering to give long-term support to the customer base."
Financial terms of the transaction have not been disclosed.
