Objectway acquires IT services specialist Algorfin

By Bobby Clevenger

Today, Objectway, a leading Italian fintech company headquartered in Milan, announced the acquisition of Algorfin, the software and services subdivision of Unione Fiduciaria. Algorfin specialises in IT and administrative outsourcing services for Asset Management Companies, Custodian Banks and other financial operators, through the Archimede, Diogene and Archimede Governance software platforms.

The Archimede platform is an end-to-end and closed-end management solution, which includes investor management, NAV calculation, compliance and any type of regulatory compliance required. Following the acquisition, over 100 high-skill tech staff from Algorfin will transfer to the Objectway group.

SEE ALSO: 

"This is a significant acquisition for our Group” said Luigi Marciano, CEO of Objectway, “as it consolidates our position as leader in the Italian market for Banks, Asset Management companies, Brokers and Custodian Banks, with a comprehensive offer that covers their application needs and opens new growth opportunities in Italy and other markets."

Filippo Cappio, Managing Director of Unione Fiduciaria said "Unione Fiduciaria has identified in Objectway a solid and reliable partner to pass the baton for the development of the Algorfin business. With this sale, the process of focusing on fiduciary activity, the company's core business, continues and accelerates. This operation allows Unione Fiduciaria to invest additional resources for expansion and thus continue a path already started several years ago."

Share

Featured Articles

Meet the COO: Brook Sims of MAC Diversity Recruiters

Passionate about helping others find their voice, diversity leader and COO Brook Sims talks powerful leadership, diverse teams and being a change agent

Best business books to improve leadership strategy

From strategic guides to inspiring CEO memoirs, these new books dish up plenty of principles, strategies, and anecdotes to help you become a better leader

Shoplazza founder and CEO Jeff Li, ex Baidu, on leadership

Named in Fortune China’s 40 under 40 for 2022, former Baidu head Jeff Li is the entrepreneurial founder and CEO of ecommerce platform Shoplazza

The office shifts to new way of working – workplace special

Leadership & Strategy

Trailblazer: Clorox's DEI leader Shanique Bonelli-Moore

Sustainability

The inspirational CEO story – Dean Forbes of Forterro

Leadership & Strategy