Solactive AG acquires fintech Primervoto GmbH
Solactive has acquired Primervoto, its long-standing technology partner. The transaction was closed on the 29 March 2018, and sees the full integration into Solactive AG of a team of 38 technology specialists, based in Berlin. The financial terms of the transaction remain undisclosed.
Steffen Scheuble, CEO of Solactive AG, commented: “With this acquisition, we are once again demonstrating our commitment to stay ahead of the game. Bringing our technology team fully into the Solactive family will allow us to align development specialists even more closely with business teams, and create the most effective and efficient development process possible. As our client’s business becomes more and more technology dependent, it is crucial that we act accordingly to drive the technology agenda ourselves.”
The delivery of high-performing, resilient and scalable platforms is Solactive’s speciality and will be further enhanced through this acquisition. Combining in one organisation the strengths of a technology powerhouse, with that of an Index Engineering specialist provide the foundations for sustained, innovative growth. Solactive is committed to bolster and expand its Berlin team with continuous investments, ensuring that it remains at the forefront of technology.
Starting out as a small index shop in 2007, Solactive has managed to carve out its own niche against larger competitors and establish itself as a key player in the indexing business. Solactive calculates today more than 5,500 indices for over 400 clients globally, with approximately $200bn invested in financial products linked to its calculated indices, including 350 ETFs.