Founded in 1985, Silma Software is specialized in software solutions for financial brokers, financial intermediaries, and asset management companies.
As a result of this acquisition, a new company - ObjectWay Investech Srl - totally controlled by ObjectWay Financial Software SpA , has been created. All Silma Software activities, clients and personnel have been transferred to the NewCo.
Luigi Tartaglino and Leonardo Mecchia, Silma Software shareholders, are both joining the Board of Directors of ObjectWay Investech.
This acquisition is part of ObjectWay Financial Software S.p.A consolidation strategy aimed at strengthening its market positioning in asset management solutions.
Leading asset management companies, including Anima Sgr, Prima Sgr, Symphonia Sgr and Unicasim, are all currently using products developed by Silma Software.
The Silma product offering will be integrated into ObjectWay Financial Suite (OFS) software platform and will strengthen its platform leadership positioning, offering integrated front-to-back solutions for wealth management services companies and for the financial institutions investment management business in general.
Luigi Marciano, ObjectWay Financial Software SpA President: âWith todayâs acquisition we have completed our asset management offering for the financial broker segment. Major players in this sector are going through a consolidation process and are very interested in using specialized software platforms, as the one we provide. This acquisition is a key step in our effort to anticipate financial market trends and invest in market opportunities which will increase the value of our offering and strengthen our market positioningâ.