Objectway, a provider of software and services to the EMEA investment management industry, says it has signed an agreement to acquire BETA Global, a European wealth and investment transaction processing system, from Thomson Reuters.
BETA Global is described as an institutional and private client settlement system for global securities processing, available via a service bureau or a client-hosted solution. It provides integrated real-time processing, from trade capture and enrichment to confirmation, settlement and accounting. BETA Global is fully integrated with Objectway’s eXimius portfolio management platform. The integrated eXimius-BETA Global front-to-back office solution, marketed as Total Wealth Solution (TWS), is currently used in the UK by leading wealth and investment management firms such as JM Finn & Co.
Said Objectway CEO Luigi Marciano. “The system’s unique capabilities, integration with eXimius, and vote of confidence by some of the UK’s most successful wealth management firms make BETA Global a strategic and exciting addition to our wealth management suite. There will be distinct advantages for our clients by having both ‘halves’ of the front-to-back Total Wealth Solution under the same Objectway roof.”