New York, Paris – 19/09/2024 -- NeoXam, a global leader in Data Management, Performance, Reporting, Portfolio Management, and Investment Accounting software, announces the signing of an agreement to pursue the acquisition of EZOPS, a leading provider of AI-enabled Data control, Workflow Automation, Reconciliation, and Regulatory Reporting Solutions.

NeoXam’s customers stand to benefit significantly from this acquisition, as it strengthens the company's financial technology offerings and extends its international footprint. Since its founding in 2014, NeoXam has developed and acquired complementary solutions to build a comprehensive suite of products. With a team of over 650 employees across 16 offices worldwide, NeoXam serves more than 150 Asset Managers, Asset and Market Service Providers, as well as global and regional banks. The company's solutions optimize IT systems across the entire financial value chain, from Data Management to Reporting, including critical Front, Middle, and Back Office processes. Clients worldwide choose NeoXam for its unparalleled functional and technological expertise, as well as its proven reliability.

The EZOPS acquisition would align with NeoXam’s growth strategy and strengthen its position in key markets,including the US, Ireland, and India. EZOPS, with a team of over 150 employees,brings additional deep expertise and leadership in Data Management, Reconciliation, Reporting, Automation, and AI. The combination would enable NeoXam to offer enhanced solutions to its existing clients and the Financial Industry across the globe.

Commenting on the agreement, Florent Fabre, CEO of NeoXam, said:"We are delighted to welcome EZOPS to the NeoXam group. This acquisition allows us to integrate a best-in-class reconciliation solution with advanced automation and artificial intelligence capabilities into our modular value proposition, backed by an impressive track record in mission-critical operations at leading global financial institutions. We will leverage our complementary geographical presence to accelerate the combined group's expansion and enhance our global client service offerings. Beyond the business synergies, we are excited to collaborate with EZOPS' visionary founders and talented team. Together, as one team with a shared entrepreneurial spirit, focus on innovation and commitment to client satisfaction, we will achieve great success on this new common journey."

Sarva Srinivasan, Founder and CEO of EZOPS, said: " We are excited to bring EZOPS' AI-enabled data control, reconciliation and automation software to complement NeoXam's suite of FinTech products in Data Management, Accounting, Portfolio Management, and Reporting, for asset managers, financial institutions and global banks. We are confident that synergies from a combination of operations and offerings of the two firms will be tremendously value-additive to all our clients."

Dutt Chintalapati, Founder and President of EZOPS, said: "We are thrilled to continue our journey with the NeoXam team to complement their product suite. The intense focus of the combined team on data along with deep domain expertise in financial markets and operations on a global scale will be of significant value to clients."

Bikram Singh, Founder and ex-CEO, at EZOPS, said: “As one of the first FinTech firms to offer AI-enabled reconciliation and automation solutions, it has been an honour to lead our world-class team in delivering value to our clients and investors. We look forward to joining forces with NeoXam, an industry leader in front-to-back solutions, that exemplifies innovation and a laser focus on customer success”.

D.A.Davidson served as exclusive strategic and financial advisor to NeoXam.

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About NeoXam:

NeoXam is a leading financial software company, delivering solutions and services for 150+customers in 25 countries worldwide. NeoXam is committed to its clients’ success: we deliver reliable and scalable solutions, processing more than €20trillion worth of assets per day and serving over 10,000 users. Through its combined talents and transparent approach, NeoXam helps buy- and sell-side players address the continuous changes in the financial market industry, to grow and better serve their clients. NeoXam relies on 650+ staff, is headquartered in Paris and has 16 offices across the globe.  

For more information: www.neoxam.com

About EZOPS:

EZOPS harnesses the power of machine learning and intelligent process automation to revolutionize data control and drive transformative efficiency gains at some of the world’s largest financial services institutions. EZOPS offers comprehensive functionality that businesses of large scale and complexity need in order to manage the four pillars of operational data control – reconciliation, research,remediation and reporting – all powered by Machine Learning and smart workflow management. EZOPS operates globally with offices in the U.S., Europe, and Asia. 

For more information: www.ezops.com