SmartCo

Overview

SmartCo, a software provider specialized in Enterprise Data Management for financial services clients, completed its sale to NeoXam, a provider of front, middle and back-office software solutions dedicated to asset managers, asset owners and securities services platforms. SmartCo President Pascal Mougin is joining NeoXam’s Executive Committee. Financial terms of the transaction were not disclosed.

Significance

The acquisition of SmartCo allows NeoXam to broaden its product offering, strengthen its R&D capabilities, and expand its footprint in the UK and North America.

Launched in 2004, SmartCo is a software provider specialized in Enterprise Data Management for financial services clients. More recently, it has also launched an IBOR offering (used in particular by a major US asset manager as a consolidating tool of the various parts of its IT infrastructure). The company has offices in Paris, Boston, London and Zurich, and more than 20 key references in the financial industry world-wide.

With more than 120 clients around the world, NeoXam provides through its international distribution network full coverage of local requirements in 15+ countries. NeoXam is headquartered in France with offices in Europe, USA, Asia, Middle East and Africa. It results from the January 2014 acquisition of the GP3 and Decalog software programs of Sungard by BlackFin Capital Partners, constituting NeoXam together with buy-in CEO Serge Delpla.

Our Role

NovitasFTCL was sole adviser to the (management) shareholders of SmartCo in organizing a disposal process for the business, which ended up in the acquisition of 100% of the firm by NeoXam, backed by financial services focused private equity firm BlackFin Capital Partners. The process targeted a range of software, data-related and other trade participants, as well as a few private equity firms. Total confidentiality was maintained until announcement on 3rd June 2015.

We also assisted SmartCo in acquiring its Swiss-based distributor in the DACH region, FinSight AG.