Banca March-backed Inversis completed the acquisition of Openfinance from SIX Group-backed BME.

Banca March-backed Inversis, a credit institution, completed the acquisition of Openfinance, a technology platform for discretionary portfolio management and advice, from SIX Group-backed BME, a financial services company. Financial terms were not disclosed. "We continue to strengthen our local and global positioning as a leading company in investment technology solutions for our institutional financial clients, on this occasion adding a tool for reporting, advice and discretionary portfolio management, which allows us to reinforce the matrix of products and services in the financial asset distribution business. We are thus taking another step forward in our strategic ambition to grow, both in terms of clients and product and service offerings, in Spain and in other markets. With this objective in mind, and based on the premise that they are synergistic with our business model and compatible with our relationships with third parties, we will continue to analyse all opportunities that come our way,” Alberto del Cid, Inversis CEO.