European fintech pioneer acquires Assetmax

Assetmax is a leading Swiss software for independent asset managers, family offices and banks with integrated multi-custody portfolio management, client relationship management, invoicing and reporting. The company is a trusted solution used by 70 customers – mainly Independent Asset Managers and banks.

The Swiss start-up founded in 2013 will be acquired by Infront. The transaction is expected to be completed by the end of September at the latest, subject to customary conditions. Assetmax investors include Credit Suisse Entrepreneurial Capital, Innovationsstiftung der Schwyzer Kantonalbank and Avaloq Ventures.

Headquartered in Oslo and founded in 1998, Infront offers today a powerful combination of global market data, electronic trading, news, and analytics along with data and feed solutions, solutions for portfolio management and advisory, regulatory compliance as well as publication and distribution solutions. Its solutions serve 3,600 customers with over 90,000 professional users. The company has more than 500 employees in 11 countries across Europe

“We are very excited to welcome Assetmax to the Infront family. We look forward to working closely with its founders and wonderful team to continue their impressive organic growth, while developing best-in-class solutions for buy-side customers”, commented Zlatko Vucetic, CEO of Infront. The Assetmax portfolio management solution will strengthen the Infront Wealth Management suite.

Massimo Ferrari, CEO and co-founder of Assetmax said, “As part of Infront’s pan-European team, we will be able to both enhance our solution for current customers and introduce the Assetmax solution to new customers. European wealth management advisors need the solutions and data that we can provide together. I’m thrilled to be joining the Infront team at this exciting time for European financial markets.”

(Press release / SK)