Odyssey partners with Finantix

18 May 2005 - In line with a strong requirement from the financial services industry for a comprehensive sales and advisory solution, Odyssey Asset Management Systems, a leader in wealth management & private banking solutions, has purchased a 26.5% stake in Finantix, a leading provider of component-based, multi-channel software solutions for financial institutions. This project is part of the long term strategy of both companies to become and remain strong global leaders in their market segments.

This partnership enables both companies to extend its mid- / front-office solution by providing an integrated sales and advisory platform that covers all client segments, from retail to wealth management.

Leveraging on the companies' combined technical knowledge, research & development activities and services capacities, the partnership will enable both companies to develop new sales channels and to deliver a joint innovative solution that meets evolving market requirements. The partnership will also support Odyssey in the strategy of extending its component-based architecture; as both companies share the same technology approach, the solutions' architectures are similar and thus can be effectively and efficiently merged.

Antoine Duchateau, CEO of Odyssey Asset Management Systems says: "With Finantix as our partner we are further expanding our solutions coverage. We believe that the combined solution will provide a unique offering, and are confident that it will strengthen the position of both companies in the sales and advisory market segment worldwide".

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development