Financial solutions provider Profile Software is to acquire 100 per cent of Login SA, an international Treasury specialised provider. Profile Software acquired the majority of Login’s shares on 6 July 2017, and will conclude the acquisition in 2018.
Founded in 1988, Login is based in Paris, France, and specialises in developing financial treasury software. Through its AcumenNet platform, Login is serving front-office, trading, risk management, middle and back office requirements of Banks’ Treasury Departments. The product covers a wide range of asset classes that include, among others, Forex and Money Market instruments, Exchanged Traded and OTC derivatives as well as Securities and Commodities. Login SA has a loyal clientele in 16 countries in Europe, Africa, the Middle East, Asia and America.
In addition, Profile Software and Login SA have an already established partnership, with AcumenNet being successfully integrated with FMS.next, Profile’s banking platform and utilised at client sites.
Babis Stasinopoulos, Profile’s CEO, says: “We are extremely happy with the acquisition of Login SA. We believe that the range of our available solutions is significantly enriched with specialised know-how and new functional capabilities, allowing us to address new market segments. This acquisition further emphasises our company’s commitment to achieving strategic international expansion, strengthening our presence in key financial centres and moving to the new era of banking and fintech.”
Marc Beaulande, Login SA’ Executive Director, says: “After having worked together as partners over the past couple of years, we have found a lot of synergy, common approaches and market views between Profile Software and Login SA and we are therefore very happy with this strategic acquisition. It will allow our company to even better serve our existing clients and to expand our client base. AcumenNet platform will deliver additional functionalities and will address new market segments.”