The firm has announced the acquisition of BETA Global for an undisclosed sum.

Objectway, a provider of software and services to the investment management industry in Europe, Middle East and Asia, is to acquire Thomson Reuters' European back office system.

It will acquire BETA Global, a European wealth and investment transaction processing system from Thomson Reuters, under undisclosed terms. 

BETA Global is an institutional and private client settlement system for global securities processing. It provides integrated real-time processing, from trade capture and enrichment to confirmation, settlement and accounting.

The system is fully integrated with Objectway’s eXimius portfolio management platform. The integrated eXimius-BETA Global front-to-back office solution, also known as Total Wealth Solutions, targets wealth and investment management firms in the UK.

“Objectway is delighted to add the BETA Global platform to our solution offering,” said Objectway's chief executive, Luigi Marciano.

“There will be distinct advantages for our clients by having both ‘halves’ of the front-to-back Total Wealth Solution under the same Objectway roof.”