Financial solutions vendor Infront AS has entered an agreement to acquire Swiss asset management software company Assetmax for an undisclosed sum. The acquisition will strengthen Infront’s product offering for wealth management customers across Europe. Assetmax launched its first product in 2016 and expects revenues of approximately EUR 5.5m for 2022, having achieved 35% CAGR between 2018 and 2021.
The transaction is expected to be completed by the end of September at the latest, subject to conditions.
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