Dion acquires controlling stake in Swissrisk

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Dion acquires controlling stake in Swissrisk

Dion Global Solutions has acquired a controlling stake in Swissrisk Financial Systems. It is believed that terms of the deal were not disclosed.

Swissrisk Financial Systems - which is believed to be legally split with wealth management specialist Swissrisk in 2008 - has claimed to provide financial software covering securities issuance, market making, data handling, payments and financial messaging.

Dion has claimed that the acquisition is also estimated to enable it to use Swissrisk's workflow and messaging engine, X-Gen to integrate its products both internally and externally with clients' systems.

Ralph Horne, global CEO and MD, Dion said, "The combined domain expertise of both companies as well as the highly complementary suite of products greatly enhances our portfolio of solutions. It means that Dion can offer a truly integrated, global suite of products across the financial services industry."


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