Thomson Financial has acquired eXimius, an investment and wealth management platform developed by Belgium-based Business Architects. Financial terms of the deal were not disclosed.
The eXimius management team and its 36 employees, based primarily in Belgium and the UK, will join Thomson Financial and will continue to sell and develop the platform.
Thomson Financial says the acquisition will allow the seamless integration of its wealth management and investment management capabilities with the eXimius front-office private client investment management system, and enable it to offer a fully-integrated front-office system for private banking and wealth management clients around the world.
Donal Smith, president, Europe and Asia, Thomson Financial, says: "EXimius will significantly extend our capabilities to serve private client investment managers in Europe and Asia, whilst presenting an exciting opportunity to extend our offering in the US private banking and private client investment management market."
Thomson says the deal builds on an existing partnership agreed with Business Architects in June last year which saw the the Canadian vendor embed the eXimius workbench functionality within its Thomson One framework.