Alpha has acquired specialist consultancy Axxsys – recognised industry leaders in Simcorp-related implementation and advisory support. The acquisition also strengthens Alpha’s geographic footprint, particularly in the Nordics and Canada where Axxsys have established offices.
Alpha FMC (AIM: AFM), a leading global provider of specialist consultancy services to the Asset and Wealth Management industry is pleased to announce that it has acquired 100% of the issued share capital of Axxsys Limited (“Axxsys”), a consulting company incorporated in the United Kingdom. Axxsys’s full global management team will be remaining in situ as part of the transaction, focussed on growing the Axxsys franchise from within the Alpha Group.
Axxsys has provided specialised management consultancy and technology implementation services to the investment management industry since 2003. The business is focussed on investment management solutions, with expertise spanning portfolio management, performance and risk, sales and distribution, and the strategic implementation of data and technology systems, with particular expertise in the SimCorp investment management system. Axxsys has 28 permanent employees, working alongside a network of trusted associates, and offices in three locations: the UK, Denmark and Canada.
Euan Fraser, Alpha’s Global CEO, commented: “Axxsys brings a range of service propositions and skillsets which are highly complementary to Alpha’s. This transaction delivers exceptional value and synergy potential to both organisations, and also strengthens the Group’s global platform for servicing clients in Europe, particularly the Nordics, and North America.”
Philip Ritchie, Axxsys’ CCO and Partner Commented: “This is a highly significant milestone in our company’s history, as we now join forces with one of the fastest growing and most well-regarded consulting firms in the asset management and wealth sectors. I truly believe in the potential this relationship provides for the development of our business, and that being part of the Alpha Group is the very best place for us to achieve our corporate ambitions in the future.”