Press release from Business Wire India
Source: Dion Global Solutions Limited
Friday, November 25, 2011 09:15 AM IST (03:45 AM GMT)
Editors: General: Consumer interest; Business: Banking & financial services, Business services, Financial Analyst, Information technology, Stock exchanges; Technology
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Dion Global Solutions Acquires Investmaster Group Limited
Global Financial Services Software Solutions Company takes over Wealth Management Systems Provider in UK
London, United Kingdom, Friday, November 25, 2011 -- (Business Wire India) -- Dion Global Solutions (Dion) (BSE: 526927), today announces that it has acquired the entire issued share capital of Investmaster Group Limited (Investmaster), the UK based specialist provider of wealth management and stockbroking software. The acquisition is part of Dion's strategy to become a leading provider of a comprehensive, diversified suite of solutions to financial markets worldwide.
Investmaster has been a specialist provider of wealth management and stockbroking software to the UK private client market for over 25 years. Their client base has combined Assets under Management exceeding £28 billion and over 800 users across the UK and Ireland.
This transaction gives Dion a significantly increased presence in the UK and an established base upon which further expansion can be built. Investmaster's private client product suite complements Dion's existing range of products, which cover portfolio management, trading, settlement, risk management, analytics, treasury and research services.
Material changes in the day-to-day running of the business are not expected, Peter Little will continue as CEO and the Investmaster management team and staff will continue unchanged. It is anticipated that the Investmaster business will be rebranded as Dion Global Solutions.
Ralph Horne, Global CEO & Managing Director, Dion commented, "Investmaster is a highly strategic acquisition for us. Their reputation in the market, their client base and their technology offer us a strong presence in the UK. Combined with the added products, investment and market expertise that Dion can offer, Investmaster is a key element in the wider Dion brand. Our resources, contacts and global operations will allow Investmaster to continue growing in the UK and now expand into new markets through our global distribution network."
Peter Little, CEO, Investmaster said, "Dion's deep domain expertise and approach to business makes them a trusted partner to businesses they work with. It's this approach that makes them an ideal fit for Investmaster, and their suite of products sits well alongside our own."
Notes to Editors
About Dion Global Solutions
Dion Global Solutions has a portfolio of cutting-edge solutions and services for the international financial markets. We provide clients with the technology they need to do business in whichever geography and across all operational areas.
Our solutions cover portfolio management, trading, settlement, risk management, analytics, treasury and research services. Through our aggressive acquisition strategy, Dion Global Solutions has expanded rapidly to accommodate and serve its international client base.
With more than 660 clients in over 62 countries, our deep domain expertise and considered approach to our clients' businesses make us a trusted partner. For more information visit www.dionglobal.com
About Investmaster
Investmaster Group Limited has been providing IT solutions to the wealth management and institutional broking sectors for over 25 years. Investmaster has a well-established client base with our clients' combined Assets Under Management exceeding £28 billion.
Investmaster's Invantage suite is an integrated front, middle and back office system. The product functionality covers client management, reporting and the full trade lifecycle from front office decision support through to settlement, ensuring pre- and post-trade compliance and underpinning the clients' business in an increasingly regulated market. For more information, please visit: www.investmaster.com
CONTACT DETAILS
Imran Majid, Metia, + 44 (0) 203 100 3545, imran.majid@metia.com
Kaustubh Chandra, Dion Global Solutions, +91 9654451021, mediarelations@dionglobal.in
KEYWORDS
CONSUMER, BANKING, BUSINESS SERVICES, Financial Analyst, IT, STOCK EXCHANGES, TECHNOLOGY
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