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BlackFin-backed NeoXam acquires SmartCo

BlackFin Capital-backed NeoXam, a provider of front, middle and back office software solutions dedicated to asset managers, asset owners and securities servicing platforms, has acquired SmartCo, an Enterprise Data Management software provider.

The acquisition of SmartCo, which has offices in Paris, Zurich and Boston allows NeoXam to broaden its product offering, to strengthen its R&D capabilities, and to expand its footprint in the UK, Germany and North America. This acquisition follows NeoXam’s investments in Nexfi and Density. SmartCo’s DataHub enables asset management companies, investment banks, and security services providers to collect, verify, revise and deliver financial data from multiple sources in real time. 

Laurent Bouyoux, President of BlackFin Capital Partners, says: “We are delighted to integrate SmartCo in NeoXam. SmartCo’s data management solutions enable investors to reduce their back-office costs and the risks of errors. NeoXam now provides a full range of software solutions meeting all investors’ needs.”

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