NeoXam has acquired EZOPS, a company that offers clients artificial intelligence (AI)-enabled data control, workflow automation, reconciliation, and regulatory reporting services.
Paris-based financial software specialist NeoXam said the purchase would enable it to expand its presence in US, Ireland and India, where EZOPS has its offices. The move comes as NeoXam seeks to bolster its AI capabilities to enhance its software.
With 150 staff, the EZOPS acquisition will increase NeoXam’s headcount to 800 globally. NeoXam said the New York-based firm brings data management, regulatory reporting, reconciliation and automation expertise.
“These capabilities are expected to complement NeoXam’s existing offerings, allowing the combined entity to deliver more powerful and comprehensive solutions to clients across the financial industry,” NeoXam said.
The company has had a busy 2024 including a recent agreement to handle the entire reporting process for Ecofi, Groupe Credit Cooperatif’s asset manager, and the integration of data, indices and other services linked to ETFs and other passive funds via SIX’s ULTUMUS feed to its DataHub.
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