Profile Software to acquire Sweden-based Euronext Centevo

By Megha Bhattacharya

Financial solutions provider, Profile Software today announced the acquisition of Asset and Fund Management solutions provider Euronext Centevo. The company has reached an agreement to acquire 100% of Euronext Centevo.

Evangelos Angelides, Profile’s CEO stated, “We remain fully committed to our vision to expand our business offering with more specialised solutions thus making Profile a top tier European financial software company. The financial services market in the Nordics has always been a strategic priority of ours due to its long tradition in the areas of asset and fund management. ”

“Today, we are integrating with a leading company in the Nordics that has a loyal client base. We would like to thank Euronext for this transaction which also initiates the future co-operation between Euronext and Profile. Furthermore, we are very happy to be working with Centevo’s team on exchanging technology know-how and enriching and developing our solutions range, to deliver superior, best of market products to the wider region.”

Headquartered in Stockholm, Euronext Centevo’s solutions cover the areas of Asset Management, Fund Management, Trust Management and Family Office, whilst offering powerful API connection gateways to large local Banks. These are complementary solutions to Profile’s portfolio while new sales opportunities are created both in terms of territories and product enhancements.

Leif Arnold Thomas, Euronext Centevo’s CEO stated, “We are confident that Profile Software will be a strong and active owner of Centevo to deliver the best to our customers. They are committed to Centevo`s Nordic strategy and acknowledges the importance of local competence and local presence to succeed in a fast-moving industry. Centevo will now be a part of a European provider of Banking and Investment Management solutions which delivers top-tier technological innovation, award-winning and flexible solutions developed with the highest standards. Out of this deal, we see a lot of complementarities and synergies for the benefit of our clients. As part of the transaction, Centevo and Euronext VPS will maintain their existing relationships, avoiding any disruptions to Centevo’s clients.”