Wolters Kluwer Financial Services acquires FinArch
Users of risk management tools are promised even better service by the announcement of a deal to acquire FinArch by Wolters Kluwer Financial Services.
The deal – for an undisclosed value – will see the provider of tools such as FRSGlobal, Bankers Systems and NILS take over the provider of Financial Studio and its modules such as IAS/IFRS, Liquidity Risk, Basel III and E-Cap.
It will also see the FinArch management team join Wolters Kluwer Financial Services.
Brian Longe, CEO of the Wolters Kluwer Financial & Compliance Services division, said: “Together with our risk and regulatory reporting solutions, we’ll be able to offer our customers more options and greater flexibility to meet the needs specific to their organization and the changing marketplace. We will continue to build out our global capabilities, providing regulatory reporting for 50 countries and a full suite of solutions to help better manage performance and meet the most critical risk needs financial organizations face today and into the future.”