FE fundinfo has acquired French-based system and technology developer Adjuto for an undisclosed sum.
The purchase aims to enhance the middle and back-office processes for asset managers through digitalisation, standardisation and automation.
Adjuto will power FE fundinfo’s managed fee and distribution channel management service.
This move will help the company to deliver an end-to-end solution for fees and distribution channel management.
Steffen Ahlers director of fee and distribution channel management at FE fundinfo, said: “This acquisition is a testament to our unwavering commitment to equipping asset managers with products and services for success.
“Together, we’re poised to redefine industry standards and digitalise processes related to fee management.”
Olivier Gnos chief executive at Adjuto, added: “Our decade-long journey in developing top-tier technology aligns seamlessly with FE fundinfo’s vision for the future.
“This collaboration presents an incredible opportunity to harness our collective strengths and provide asset managers with transformative solutions that simplify their operations, reduce manual processes and elevate their performance.”