Founded in 1985, Silma Software specialised in software solutions for financial brokers, financial intermediaries, and asset management companies.

As a result of this acquisition, a new company - ObjectWay Investech - which is entirely controlled by ObjectWay Financial Software-  has been created.

All Silma Software activities, clients and personnel have been transferred to the new business. Luigi Tartaglino and Leonardo Mecchia ,  Silma Software shareholders , are both joining the board of directors of  ObjectWay Investech.

This acquisition is part of ObjectWay Financial Software's consolidation strategy, the firm, which is a privately-owned one started in 1990, said in a statement.

“This acquisition is a key step in our effort to anticipate financial market trends and invest in market opportunities which will increase the value of our offering and strengthen our market positioning,” said Luigi Marciano, ObjectWay president.