ObjectWay Financial Software buys Silma Software

Source: ObjectWay Financial Software

ObjectWay Financial Software S.p.A , a fast growing European player in Wealth and Investment Management solutions announces the recent acquisition of Silma Software SpA business.

Founded in 1985, Silma Software is specialized in software solutions for financi al brokers, financial intermediaries, and asset management companies.

As a result of this acquisition, a new company - ObjectWay Investech Srl - tota lly controlled by ObjectWay Financial Software SpA , has been created. All Silma Software activities, clients and personnel have been transferred to the NewCo.

Luigi Tartaglino and Leonardo Mecchia , Silma Software shareholders , are both joining the Board of Directors of ObjectWay Investech.

This acquisition is part of ObjectWay Financial Software S.p.A consolidation str ategy aimed at strengthening its market positioning in asset management solution s.

Leading asset management companies, including Anima Sgr, Prima Sgr, Symphonia Sg r and Unicasim, are all currently using products developed by Silma Software.

The Silma product offering will be integrated into ObjectWay Financial Suite (OF
S) software platform and will strengthen its platform leadership positioning, of fering integrated front-to-back solutions for wealth management services compani es and for the financial institutions investment management business in general.

Luigi Marciano, ObjectWay Financial Software SpA President: "With today's acquis ition we have completed our asset management offering for the financial broker s egment. Major players in this sector are going through a consolidation process and are very interested in using specialized software platforms, as the one we provide. This acquisition is a key step in our effort to anticipate financial market trends and invest in market opportunities which w ill increase the value of our offering and strengthen our market positioning". 

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