NeoXam Acquires 100M Digital Reporting Platform

NeoXam has acquired 100M, a portfolio management and digital reporting platform for buy-side firms, for an undisclosed amount. 

The acquisition aims to strengthen NeoXams data management offerings, reporting capabilities and user experience by using 100M’s data analytics and visualization interfaces. Following nine months of talks with the Paris-based platform provider, Serge Delpla, CEO of NeoXam explains that the takeover forms part of the firm’s wider strategic plan to offer more digitalization and cloud-based technologies to its clients. He says that the 100M’s compatibility, common client base, and shared objectives were key drivers in pushing the acquisition and integration process forward.

“100M is fully compatible with NeoXam’s current tech stack and brings additional experience with a full cloud solution,” adds Delpla. “100M also has extensive knowledge in digitalized applications in the financial space, with features such as full mobility, easy-to-use, one-click action.”

The integration, the firms say, will allow instant access to NeoXam’s data management technologies to enable clients to make better-informed decisions in real-time. Clément Miglietti, co-founder and CEO of 100M explains that the two-year-old platform was founded to reinvent how money managers market their decisions and designed with the client in mind, in that “everything is simple, easily understood and fast”. He says the 100m platform can internally process large volumes of data to produce high-quality visuals for clients, including traditional reporting formats such as PDFs.

“100M Digital Reporting will be seamlessly connected to all of the products of the NeoXam suite,” says Miglietti. “NeoXam will additionally leverage 100M technology to create new modules, complement its current offering and provide its clients with a renewed experience.”

The integrated applications are scheduled for release in 2019 to a selection of clients.