Infront Acquires Assetmax

Oslo 26 August 2022: Infront AS has entered into an agreement for the
acquisition of Assetmax AG. The acquisition represents an important milestone
for Infront as the company further strengthens its product offering for wealth
management customers across Europe. The transaction is expected to be completed
by the end of September at the latest, subject to customary conditions.

"We are very excited to welcome Assetmax to the Infront family. We look forward
to working closely with its founders and wonderful team to continue their
impressive organic growth, while developing best-in-class solutions for buy-side
customers", commented Zlatko Vucetic, CEO of Infront. The Assetmax portfolio
management solution will strengthen the Infront Wealth Management suite.

Massimo Ferrari, CEO and co-founder of Assetmax said, "As part of Infront's
pan-European team, we will be able to both enhance our solution for current
customers and introduce the Assetmax solution to new customers. European wealth
management advisors need the solutions and data that we can provide together.
I'm thrilled to be joining the Infront team at this exciting time for European
financial markets."

About Assetmax
Assetmax is a leading Swiss software for independent asset managers, family
offices and banks with integrated multi custody portfolio management, client
relationship management, invoicing and reporting. The company is a trusted
solution used by 70 customers - mainly Independent Asset Managers and Banks.

Assetmax launched its first product in 2016 and expects revenues of
approximately EUR 5.5m for 2022, having achieved 35% CAGR between 2018 and 2021.

About Infront
Finance professionals across Europe rely on Infront for flexible financial
market solutions. Infront provides highly usable and dependable solutions to
help them find the information they're looking for and make more informed
decisions - faster, easier, smarter. Infront offers a powerful combination of
global market data, news, analytics, and trading together with integrated
solutions for data feeds, portfolio management and advisory, and regulatory
compliance and calculations.

Infront's solutions serve more than 3,000 customers with over 90,000
professional users. With support for their complete workflows, they can manage
investment decisions, reduce costs, adapt to fast-changing market requirements
and work more efficiently with ever-increasing amounts of information. 

As European leaders, Infront knows local financial markets and has financial
data experts near to their users. Approximately 500 employees in 11 countries
across Europe apply their expertise to meet the challenges of Infront's clients,
ensuring they continuously receive the best solutions and services. 

The acquisition of Assetmax will primarily be financed with equity, as well as a
combination of Revolving Credit Facility and available cash. More information
will be provided after closing. 

For more information please contact:
Eli Cathrine Disch, CFO Infront
+47 957 00 725
Benjamin Røer, Head of M&A Infront
+47 465 48 261

Or visit https://www.infrontfinance.com/

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange