Financial services group Ocorian has acquired Emphasys Technologies, the US-based service provider to the capital markets community.
The deal, which was agreed on 4 March 2021, is expected to complete later this month.
Emphasys Technologies specialises in tax reporting and calculation agency services to asset-backed transactions.
Ocorian says the new acquisition marks its entry into the US and will provide a foundation for the development of the group’s capital markets services suite in the country.
The transaction, which reflects Ocorian’s strategy to enhance its service offering to best support its clients’ needs, strengthens the firm’s service offering to financial institutions and other clients that operate in the capital markets space.
Frederik van Tuyll, chairman and CEO at Ocorian, says: “The acquisition of Emphasys Technologies is hugely significant for us as it gives us presence in the US, which is one of our key strategic priorities. We are fully committed to providing outstanding client service and building long term relationships and are delighted that Emphasys share our approach and values.”
Jason Gerlis, regional head of Americas at Ocorian, comments: “The transaction with Emphasys also significantly strengthens our capital markets capability which is playing an increasingly important part in our future success.”
“We are really looking forward to working with the team at Emphasys both as we grow in the US and as we provide our existing clients with a broader range of quality services,” Gerlis adds.
The Emphasys Technologies business will continue to be led by Jeff Stone and David Anthony, who in a joint statement said: "We are looking forward to being part of Ocorian and to building on the success we have achieved to date.”
In December, Ocorian completed the acquisition of Newgate Compliance, a London-based compliance consultancy and hosted regulatory solutions provider for funds clients, including both established and first-time managers.
