Trading Technology

12:22 PM
Connect Directly
Facebook
Google+
Twitter
RSS
E-Mail
50%
50%

Alternative Investment Software Provider eFront Announces Acquisition of AnalytX

eFront has announced that it has acquired fellow software provider AnalytX, making them the largest provider of alternative investment software in the world.

After years of discussion and three months of planning, eFront announced today that it has acquired software provider AnalytX, making them the world's largest provider of alternative investment software.

AnalytX is based in the US and Europe, and specializes in front-to-back office technology for small to medium sized firms. The acquirer, eFront, has a substantial global presence and caters to high end, large sized firms. Together, eFront will be able to serve the entire spectrum of solutions to small through large firms, and offer services in markets world-wide.

"It's a combination of the right people, the right product, and the right mindset," said Olivier Dellenbach, CEO of eFront in a phone interview. He explains that Analytx and eFront have long competed to be #1 in the industry, but as both served different segments of the market, it would have been difficult for either to scale to extremes. "So we finally had the sense to buy AnalytX."

[This Is Why Technology Spending Can Stymie Innovation, see Ivy Schmerken's story on Interop New York 2013 Information Week CIO Summit last week,.]

While eFront's customers, typically served with sophisticated and highly customized solutions, will not directly benefit from the acquisition, Analytx clients are in for some good news.

Dellenbach explains some of the Analytic clients were constrained with their product management solutions, perhaps because they are too light, and can now migrate to eFront solutions. eFront also has a large scale organizations including in Asia, where, Analytx had not had much prior success in selling their products. "There are a lot of synergies on the sell side, an emerging network, and we can always sell complimentary products to their clients,"

According to the press release, "The acquisition forms the latest chapter of a period of significant growth for eFront, and builds on the momentum of its acquisition of Investment Café last year. During the past five years the company has enjoyed a compound annual growth rate of 30 percent and opened new offices in Sydney, Abu Dhabi and San Francisco. It also comes during a period of ever more onerous regulatory requirements, reduced margins, and increasing pressure on costs for the alternative investment industry, necessitating the deployment of modern, sophisticated investment management systems." Becca Lipman is Senior Editor for Wall Street & Technology. She writes in-depth news articles with a focus on big data and compliance in the capital markets. She regularly meets with information technology leaders and innovators and writes about cloud computing, datacenters, ... View Full Bio

Comment  | 
Print  | 
More Insights
Register for Wall Street & Technology Newsletters
White Papers
Current Issue
Wall Street & Technology - Elite 8, October 2014
The in-depth profiles of this year's Elite 8 honorees focus on leadership, talent recruitment, big data, analytics, mobile, and more.
Video
Exclusive: Inside the GETCO Execution Services Trading Floor
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.