Profile Software to acquire treasury provider Login
Banking tech provider Profile Software will acquire 100% of Paris-based Login, a specialised treasury software provider.
Founded in 1988, Login offers its AcumenNet platform, which is used for front office, trading, risk management, middle and back office requirements. It covers a range of asset classes that include forex and money market instruments, exchanged traded and OTC (over-the-counter) derivatives, and securities and commodities.
Login has clients in 16 countries in Europe, Africa, the Middle East, Asia and the Americas. It is mainly known for its partnership with Oracle FSS, as its AcumenNet platform is often implemented as a treasury and capital markets (TCM) component to sit alongsde Oracle FSS’s Flexcube core banking system.
Profile Software and Login say they have an already established partnership, with AcumenNet being integrated with FMS.next, Profile’s core banking platform.
Babis Stasinopoulos, Profile’s CEO, says Login’s solutions give it “specialised know-how and new functional capabilities, allowing us to address new market segments”.
The acquisition is expected to conclude in 2018.