OSLO, NORWAY: Infront AS has entered into an agreement for the acquisition of Assetmax AG. The acquisition represents an important milestone for Infront as the company further strengthens its product offering for wealth management customers across Europe.

The transaction is expected to be completed by the end of September at the latest, subject to customary conditions.

“We are very excited to welcome Assetmax AG to the Infront family. We look forward to working closely with its founders and wonderful team to continue their impressive organic growth, while developing best-in-class solutions for buy-side customers”, commented Zlatko Vucetic, CEO of Infront. The Assetmax portfolio management solution will strengthen the Infront Wealth Management suite.

Massimo Ferrari, CEO and co-founder of Assetmax said, “As part of Infront’s pan-European team, we will be able to both enhance our solution for current customers and introduce the Assetmax solution to new customers. European wealth management advisors need the solutions and data that we can provide together. I’m thrilled to be joining the Infront team at this exciting time for European financial markets.”

Assetmax is a leading Swiss software for independent asset managers, family offices and banks with integrated multi custody portfolio management, client relationship management, invoicing and reporting. The company is a trusted solution used by 70 customers – mainly Independent Asset Managers and Banks.

Assetmax AG launched its first product in 2016 and expects revenues of approximately EUR 5.5m for 2022, having achieved 35% CAGR between 2018 and 2021.

Finance professionals across Europe rely on Infront for flexible financial market solutions. Infront provides highly usable and dependable solutions to help them find the information they’re looking for and make more informed decisions – faster, easier, smarter.

Infront offers a powerful combination of global market data, news, analytics, and trading together with integrated solutions for data feeds, portfolio management and advisory, and regulatory compliance and calculations.

Infront’s solutions serve more than 3,000 customers with over 90,000 professional users. With support for their complete workflows, they can manage investment decisions, reduce costs, adapt to fast-changing market requirements and work more efficiently with ever-increasing amounts of information.

As European leaders, Infront knows local financial markets and has financial data experts near to their users. Approximately 500 employees in 11 countries across Europe apply their expertise to meet the challenges of Infront’s clients, ensuring they continuously receive the best solutions and services.

The acquisition of Assetmax will primarily be financed with equity, as well as a combination of Revolving Credit Facility and available cash. More information will be provided after closing.