Infront Acquires AssetmaxOslo 26 August 2022 : Infront AS has entered into an agreement for the acquisition ofAssetmax AG . The acquisition represents an important milestone forInfront as the company further strengthens its product offering for wealth management customers acrossEurope . 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 theInfront 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", commentedZlatko Vucetic , CEO ofInfront . The Assetmax portfolio management solution will strengthen the Infront Wealth Management suite.Massimo Ferrari , CEO and co-founder of Assetmax said, "As part ofInfront'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 theInfront 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 approximatelyEUR 5.5m for 2022, having achieved 35% CAGR between 2018 and 2021. AboutInfront Finance professionals acrossEurope rely onInfront 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 acrossEurope apply their expertise to meet the challenges ofInfront'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 725Benjamin Røer , Head of M&AInfront +47 465 48 261 Or visit https://www.infrontfinance.com/
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