NeoXam, a global leader in Data Management, Performance, Reporting, Portfolio Management, and Investment Accounting software, announced today the completed acquisition of EZOPS, a leading provider of AI-enabled Data Control, Workflow Automation, and Reconciliation Solutions. EZOPS’ technology will be integrated with NeoXam’s suite of solutions spanning Front, Middle, and Back-Office processes.
The acquisition will greatly benefit NeoXam’s customers, equipping them with faster, more accurate, and scalable tools powered by AI, Machine Learning, and intelligent Process Automation technologies. As the financial industry races to adopt AI to enhance efficiency and reduce costs, NeoXam’s customers will gain a strategic advantage over competitors still reliant on manual and error-prone legacy systems.
By integrating EZOPS’ product suite, NeoXam will help customers better manage their Reconciliation lifecycle, automate repeatable actions, and check for anomalies. The product offers self-service capabilities augmented by rules and an AI framework, ensuring a host of additional benefits. The combined system will be deployed in a Software-as-a-Service (SaaS) model, on private cloud, or on-premises.
Commenting on the acquisition, Florent Fabre, CEO of NeoXam, said: “Integrating EZOPS into the NeoXam family marks a milestone in our growth journey. Since our founding in 2014, we have been driven by a mission to create an unparalleled ecosystem of functional and technological expertise for the financial industry. A decade later, we have made remarkable progress in achieving this mission. We look forward to deploying our improved solutions to our ever-expanding global customer base.”
Sarva Srinivasan, Founder and CEO of EZOPS, added: “We are thrilled to integrate EZOPS’ cutting-edge AI-driven reconciliation and automation capability with NeoXam’s suite of financial software solutions. By combining our team’s expertise and geographical reach, we will be enhancing the offerings available to Asset Managers, Financial Institutions, and Banks.”
The acquisition expands NeoXam’s international footprint which currently serves 150 Asset Managers, Asset and Market Service Providers, and global and regional Banks. It will also consolidate NeoXam’s presence in several key markets, including the US, Ireland, and India.
