M and A
Odyssey Acquires to Grow in North American
Odyssey Financial Technologies, a provider of wealth and asset management software solutions, has bought Xeye, a provider of wealth management technology in the North American market based in Mississauga, Canada. This acquisition enlarges Odyssey’s client relationship management and advisory offer for the wealth management industry and the company says it re-enforces its commitment and presence in the North American market. Joining Odyssey is expected to accelerate Xeye’s entry into global markets and increase investment in research and development. Odyssey will also now, it hopes, be able to service an increasing number of wealth management organisations globally by leveraging the combined strength and expertise of the existing and acquired businesses. The Xeye WealthManager product will continue to be available as a stand-alone solution to wealth management organisations and the new functional coverage will be integrated into the Odyssey platform and made available to existing Odyssey customers who run retail private banking business operations.