Cathay Capital and Bpifrance have signed an agreement to acquire majority stake in global financial software company NeoXam from BlackFin Capital Partners. The deal comes off the back of a sustained period of growth for Neoxam, a provider of data management and transaction solutions to financial institutions. Over the past two years the firm’s €62.5 million revenue has increased by 25 percent and it has signed more than 32 deals and hired over 150 employees. NeoXam’s executive committee, which is in close liaison with BlackFin, has chosen Cathay Capital due to its resources and ecosystem delivered in Europe, China, and US.
Read the full article from Asset Servicing Times here.
