PHOENIX FINANCIAL SERVICES Acquires OXIAL and Extends its Product Offering to Enterprise Risk Mitigation While Strengthening its Presence in Switzerland and UK

24 June 2013

PHOENIX FINANCIAL SERVICES, a leader in financial technology for electronic trading and post trade Transaction Cost Analysis services for the investment management community, has finalized its acquisition of OXIAL. This acquisition not only significantly strengthens PHOENIX’s position in Switzerland and the United Kingdom within the financial sector, but enables PHOENIX to extend its growth across other industries with its new Enterprise Risk Management product offering.

OXIAL’s BLUESUITE Controls Centric Enterprise Risk Mitigation platform is a unique powerful solution which substantially reduces the number of risk incidents and the costs of Risk Management, Control and Audit. BLUESUITE is the only solution that manages the entire controls lifecycle and, using unique algorithms from leading consulting firms and multiple clients, continually calculates and projects the Net Risk for each control, consolidating by Risk Type and reporting up through real time dashboards.

Frédéric CARON, Chief Executive Officer PHOENIX, commented: “This is a great opportunity for PHOENIX to remain at the forefront of technology providing our customers with innovative and integrated solutions and services that conform to new risk, regulatory and industry workflow management trends. Our combined offer PHOENIX-OXIAL meets a need often expressed by our customers for a global risk management solution front to back and provides the only front-to-back regulatory compliant solution for the European market (Mifid, Emir, Basel 2 and 3, Solvency 2) with a client base ranging from asset managers and insurers to service companies and health.”

Eric BERDEAUX, Chief Executive Officer OXIAL, declared: “OXIAL and PHOENIX form a natural technological alliance combining PHOENIX’s real time front office solutions with OXIAL’s Enterprise Risk Management platform BLUESUITE recognized for its flexibility and capacity to become regulatory compliant at minimum cost. Our highly qualified staff specialized in financial engineering, risk control and SaaS infrastructure enables us to offer economic solutions which adapt easily to the specific workflow of our clients and are quick to deploy.”

As part of this transaction, the historic Swiss shareholder of OXIAL supports the strategy of the new group becoming an associate alongside the two historical financial shareholders. Eric BERDEAUX joins the PHOENIX management team as "Chief Technology Officer" and member of the Board.

BLUESUITE is the latest addition to the PHOENIX product offering providing a “one stop shop” encompassing all requirements for portfolio & order execution management, operational risk management & compliance enabling a streamlined automated workflow with full traceability.

PHOENIX solutions are available in both deployed and SaaS fully managed installation modes. Our SaaS offers the advantage of reducing cost of ownership together with a comprehensive Service Level Agreement and a variable ‘pay as you trade’ pricing model, providing a guaranteed return on investment, enabling clients to focus on their business operations while reducing costs and risks.

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