NeoXam finalises EZOPS acquisition agreement
19 September 2024 France
Image: Phushutter/stock.adobe.com
NeoXam has finalised the agreement to acquire EZOPS, a provider of AI-enabled workflow automation and regulatory reporting solutions.
The firm says that the acquisition will strengthen the company’s international footprint in key markets, including the US and India, and expand its technological offerings.
Existing clients will now be provided with optimised IT solutions and data management across the financial value chain, including front, middle, and back office processes.
Commenting on the agreement, Florent Fabre, CEO of NeoXam, states: “This acquisition allows us to integrate a best-in-class reconciliation solution with advanced automation and artificial intelligence capabilities into our modular value proposition, backed by an impressive track record in mission-critical operations at leading global financial institutions.”
Founder and CEO of EZOPS, Sarva Srinivasan, adds: "We are excited to bring EZOPS's AI-enabled data control, reconciliation and automation software to complement NeoXam's suite of FinTech products in data management, accounting, and reporting, for asset managers, financial institutions and global banks.”
Dutt Chintalapati, founder and president of EZOPS, concludes: “We look forward to joining forces with NeoXam, an industry leader in front-to-back solutions, that exemplifies innovation and a laser focus on customer success.”
The firm says that the acquisition will strengthen the company’s international footprint in key markets, including the US and India, and expand its technological offerings.
Existing clients will now be provided with optimised IT solutions and data management across the financial value chain, including front, middle, and back office processes.
Commenting on the agreement, Florent Fabre, CEO of NeoXam, states: “This acquisition allows us to integrate a best-in-class reconciliation solution with advanced automation and artificial intelligence capabilities into our modular value proposition, backed by an impressive track record in mission-critical operations at leading global financial institutions.”
Founder and CEO of EZOPS, Sarva Srinivasan, adds: "We are excited to bring EZOPS's AI-enabled data control, reconciliation and automation software to complement NeoXam's suite of FinTech products in data management, accounting, and reporting, for asset managers, financial institutions and global banks.”
Dutt Chintalapati, founder and president of EZOPS, concludes: “We look forward to joining forces with NeoXam, an industry leader in front-to-back solutions, that exemplifies innovation and a laser focus on customer success.”
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