BWI: Dion Global Solutions Acquires Controlling Stake in Swissrisk Financial Systems

Press release from Business Wire India
Source: Dion Global Solutions Limited
Wednesday, January 04, 2012 11:00 AM IST (05:30 AM GMT)
Editors: General: Economy; Business: Accounting & management consultancy services, Banking & financial services, Business services, Financial Analyst, Stock exchanges; Technology
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Dion Global Solutions Acquires Controlling Stake in Swissrisk Financial Systems
Global Financial Services Software Solutions Company takes Majority Stake in European Banking Software Specialist

New Delhi, Delhi, India, Wednesday, January 04, 2012 -- (Business Wire India) -- Dion Global Solutions (Dion) (BSE: 526927), today announces that it has acquired a controlling stake in Frankfurt-based Swissrisk Financial Systems (Swissrisk). The stake represents the next step in Dion's strategy to become the leading provider of a comprehensive, diversified suite of solutions to financial markets worldwide.

Swissrisk's strength in continental Europe provides Dion with a platform for growth with presence and strong client base in Germany, Luxembourg, Spain and Switzerland. Swissrisk has supported dealing rooms and traders for over 25 years and also has the ability to provide bespoke client solutions in the payments, securities and funds industry. Through Dion's global network, Swissrisk will be able to expand its offering to new geographies and offer its clients a wider, deeper range of solutions.

The acquisition will also enable Dion to use Swissrisk's workflow and messaging engine, X-Gen to integrate seamlessly Dion's products both internally and externally with clients' internal systems, thus facilitating true STP across the entire spectrum of buy and sell side operations.

Ralph Horne, Global CEO & Managing Director, Dion said, "Swissrisk represents a strategic partnership to us. The combined domain expertise of both companies as well as the highly complementary suite of products greatly enhances our portfolio of solutions. It means that Dion can offer a truly integrated, global suite of products across the financial services industry."

Andreas Wagner, CEO, Swissrisk commented, "Dion is a world-class expanding company. The partnership offers us access to their global network as well as their comprehensive suite of solutions. This means we can both expand our reach outside our traditional markets and offer our clients fully integrated solutions."

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 Swissrisk Financial Systems

Swissrisk Financial Systems is a European banking software specialist with headquarters in Frankfurt and regional sales and delivery offices in London, Luxembourg and Madrid. Swissrisk has supported dealing rooms and traders at key institutions within financial markets as well as offering a proven approach for providing bespoke client solutions and successful project implementations in the payments, securities and funds industry for over 25 years. For more information visit www.swissrisk.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
ECONOMY, CONSULTANCY SERVICES, BANKING, BUSINESS SERVICES, Financial Analyst, STOCK EXCHANGES, TECHNOLOGY

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