Axioma reported today the completion of its previously announced acquisition of the risk-reporting unit of ConceptONE, a global provider of back-office investment services. The transaction follows Axioma\u2019s acquisition of ConceptONE\u2019s regulatory-reporting unit in March. Terms were not disclosed.<\/p>\n
\u201cThe integration of ConceptONE\u2019s regulatory- and risk-reporting businesses with Axioma Risk\u2014our enterprise-wide risk solution\u2014enables us to provide clients with an unparalleled and consistent view of risk and regulatory reporting that spans the entire organization, from front to middle to back office,\u201d<\/em> said Dr. Sebastian Ceria, chief executive officer of Axioma. \u201cEqually important, by utilizing Axioma Risk as the underlying computational engine, we are leveraging the flexibility and power of the cloud to drive the heavy duty analytics and modelling capabilities that enable our clients to address the complex issues and challenges they face.\u201d<\/em><\/p>\n With the addition of ConceptONE\u2019s risk-reporting unit, Axioma is now capable of providing state-of-the-art risk-reporting services to a full range of clients, from smaller hedge funds to large asset managers.<\/p>\n \u201cAxioma will now be able to deliver turn-key risk and regulatory reporting to a breadth and depth of clientele that is unmatched in the marketplace,\u201d<\/em> said Ceria.<\/p>\n Ken Grant, chairman and co-founder of ConceptONE, said, \u201cI am pleased to have transferred our risk solutions business to the world-class Axioma analytics platform, which is exceedingly well positioned to serve both the needs of our clients and those of the investment community at large.\u201d<\/em><\/p>\n The ConceptONE units acquired by Axioma will now be known as Axioma Reporting Solutions.<\/p>\n ConceptONE\u2019s Fund Services was not included in the transaction and continues to operate as an independent entity.<\/p>\n Macquarie Capital served as financial advisor and Royer Cooper Cohen Braunfeld LLC as legal counsel to ConceptONE. Bryan Cave LLP served as legal counsel to Axioma.<\/p>\n","protected":false},"excerpt":{"rendered":" Axioma reported the completion of its previously announced acquisition of the risk-reporting unit of ConceptONE, a global provider of back-office investment services. The transaction follows Axioma\u2019s acquisition of ConceptONE\u2019s regulatory-reporting unit in March. Terms were not disclosed.<\/p>\n","protected":false},"author":20,"featured_media":59389,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1671,1986,1651,1437,1921],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/59391"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=59391"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/59391\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/59389"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=59391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=59391"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=59391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}