French software company NeoXam has announced its plans to acquire EZOPS, a provider of AI-enabled data control, workflow automation, reconciliation, and regulatory reporting technology.
NeoXam offers a comprehensive suite of front and back office software for the investment management industry and employs over 650 staff across 16 offices globally, serving more than 150 clients. The acquisition of EZOPS is expected to bolster NeoXam’s presence in key markets such as the US, Ireland, and India, while adding expertise in data management, reconciliation, reporting, automation, and AI.
EZOPS, with its offices in New York, Dublin, and Delhi, has a workforce of 150 employees. Florent Fabre, CEO of NeoXam, stated, “This acquisition allows us to integrate a best-in-class reconciliation solution with advanced automation and artificial intelligence capabilities into our modular value proposition. We will leverage our complementary geographical presence to accelerate the combined group’s expansion and enhance our global client service offerings.”