Announced
Financials
Sources
Tags
Single Bidder
Majority
Cross Border
FinTech
wealth management software
Friendly
Acquisition
Pending
Switzerland
Private
Synopsis
Valsoft, a Montreal-based company specializing in the acquisition and development of vertical market software businesses, agreed to acquire Finartis, a wealth management software provider. Financial terms were not disclosed. "A step in the direction we've been striving towards recently given our insight into the industry, Finartis is a natural fit for us and will offer a seamless integration into the Valsoft family. The team, culture and leadership are well aligned with our existing values, which has also made this transaction seamless. Portfolio Management is a vertical we have extensive insight into given our team's experience and believe this is the best entry into the vertical which we will continue to build and expand. We are excited to grow our presence in the sector through this acquisition," Sam Youssef, Valsoft CEO and Co-Founder.
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