Axioma says it has now completed its previously announced acquisition of the risk-reporting unit of ConceptONE, a global provider of back-office investment services.
“The integration of ConceptONE’s regulatory- and risk-reporting businesses with Axioma Risk—our enterprise-wide risk solution—enables us to provide clients with an unparalleled and consistent view of risk and regulatory reporting that spans the entire organisation, from front to middle to back office,” said Dr Sebastian Ceria, chief executive officer of Axioma. “Equally important, by utilising Axioma Risk as the underlying computational engine, we are leveraging the flexibility and power of the cloud to drive the heavy duty analytics and modelling capabilities that enable our clients to address the complex issues and challenges they face.”
With the addition of ConceptONE’s risk-reporting unit, Axioma is now capable of providing state-of-the-art risk-reporting services to a full range of clients, from smaller hedge funds to large asset managers.
“Axioma will now be able to deliver turn-key risk and regulatory reporting to a breadth and depth of clientele that is unmatched in the marketplace,” said Ceria.