Announced
Financials
Sources
Tags
Single Bidder
United Kingdom
Majority
Acquisition
Friendly
Financial Data and Systems
Pending
Private
financial services
Cross Border
Synopsis
Equisoft, a global digital solutions provider to the financial industry, agreed to acquire Altus, a financial services firm. Financial terms were not disclosed. ''The new combined expertise of Equisoft and Altus positions us to lead the UK pension transfer market and makes us a strong contender in the European market. Joining the forces of both companies, each founded on entrepreneurial values, will allow us to better serve our clients by automating complex back-office processes across the investments value chain. These include investment portfolio transfers, pension fund trading, pension payroll and tax reporting.'' Luis Romero, Equisoft Founder and CEO.
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