Linedata Finalises Acquisition of CapitalStream Credit & Risk Management Solution Strengthens Linedata's Product Offering and Presence in North America
* Reuters is not responsible for the content in this press release.
For best results when printing this announcement, please click on the link below: http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130322:nHUGd000 Neuilly-sur-Seine, France, 22 March 2013 - Linedata, the global solutions provider for the investment management and credit finance communities, has finalised its acquisition of the CapitalStream business and launched a strategic partnership with HCL Technologies Ltd. CapitalStream is the market leading loans origination platform for commercial banks and equipment finance specialists. It is being adopted more widely than any other lending and leasing platform in North America, responding in a uniquely powerful way to the new risk and workflow management imperatives of the industry. The revenues of this business will be consolidated into Linedata's accounts from today. During the twelve months ending June 2012, CapitalStream posted annual revenues of $30 million, according to US GAAP. The business has some 100 employees in the USA and Canada. This acquisition significantly strengthens Linedata's position in North America, with this region now accounting for over a third of the Group's revenues. It also significantly extends the Group's presence and capabilities in the lending and leasing area. It follows the acquisition of Fimasys in July 2011 and positions Linedata as one of the leading global players in the Credit Finance area. "This acquisition represents a major step in our growth strategy, enabling us to provide advanced and innovative front-to-back solutions in the key North American and European markets, and beyond. We are now uniquely positioned to become the global partner of choice for the credit and finance community," comments Anvaraly Jiva, Founder and CEO of Linedata. "It also reinforces our presence in North America which has always been key to our global growth strategy." Next communication: publication of revenues for the 1st quarter of 2013 on May 14, 2013 after closing of trading. ABOUT LINEDATA Linedata is a global solutions provider with 700 clients operating in 50 countries. With more than 1000 employees across the globe, Linedata is dedicated to the investment management and credit community. Linedata has been at the service of the financial industry from day one, and applies its market and client insight to provide innovative and flexible mission-critical software and services that help its clients grow. As a pioneer for over 10 years with the set-up of SaaS infrastructure for the financial industry, Linedata has preached and spread this model throughout the global financial community, for its full range of products. Headquartered in France, Linedata achieved revenues of EUR 144 million in 2012. This company is listed on Euronext Paris FR0004156297-LIN - Reuters LDSV.LN - Bloomberg LIN:FP. For further information, please contact: Linedata Cap Value Finance Department Financial communication +33 (0)1 47 77 68 39 Gilles Broquelet / Samuel Beaupain email@example.com +33 (0)1 80 81 50 00 www.linedata.com firstname.lastname@example.org www.capvalue.fr PR capital final http://hugin.info/143495/R/1687296/553311.pdf ---------------------------------------------------------------------------------------------------- This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: LINEDATA SERVICES via Thomson Reuters ONE HUG#1687296
- Protesters fell Lenin statue, tell Ukraine's president 'you're next'
- Four dead in apparent Connecticut murder-suicide
- South Korea expands air defense zone to partially overlap China's |
- Singer Susan Boyle reveals she has Asperger's syndrome: paper
- Dynasty's Congress party punished in Indian state elections