We analyse, from a corporate finance point of view, the investments made in technologies applied to the capital markets. Optimissa, a technology consultancy firm working for the financial sector, has been acquired by the French corporation Alten en 17 May 2018.
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Who Optimissa is
Optimissa is a company specialising in technological consultancy for the capital market, a market in which securities, especially shares, are bought and sold. The company was formed as a result of the merger of several professionals who combine functional and technological skills with experience in this market.
Optimissa is a global specialised services company, with operational offices in Madrid, Barcelona and Mexico City. There are also representative offices in the UK, Portugal, and the USA as a point of contact for international projects.
To enhance specialisation, Optimissa opened its Intelligence Centre in Madrid in 2010. It has a team of more than 85 specialists to offer an exceptional level of expertise in key areas of capital markets, especially in the field of connectivity in electronic markets.
They have built a range of off-the-shelf products specifically created to meet the needs of entities operating in the field of capital markets. For example in the field of market data integration, asset and fund management, treasury management platforms, risk management etc.
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Who is Alten and the reasons for the operation
Alten is a French company specialising in high-tech consulting and engineering. The group's services are supplied to technical departments and IT systems departments in large industrial, telecommunications and utilities companies. Moreover, it is a listed company which has risen by 4 points since the acquisition of Optimissa, from 84 to 88 in less than a month.
The company has 28,000 employees which allowed them in 2017 to obtain revenues of €1,975.4M, i.e. compared to 2016 (€1,748.3M) we can say that in the last year they increased their revenues by almost 10%. In addition, their net profit was €147m.
It is worth highlighting Alten’s role in the Canadian banking sector, where it has clearly found its niche. It has been able to focus on two areas: organic growth, driven by its success with clients, and various mergers and acquisitions in Montreal and Toronto to expand their client network. They have a presence in 20 countries, enabling them to support their clients’ international development, whether through local support for their R&D teams or the management of cross-border projects.
The French consultancy firm, on 17 May 2018, acquired the Spanish Optimissa, based in Madrid. The cost of the transaction is unknown, but it is known that the operation was carried out to join forces and strengthen the financial and banking sector. With the acquisition, they are fulfilling their intention to expand in Mexico during 2018 as stated in their annual strategic plan.
Analysis of transactions in the capital markets technology sector
| Company | Description | Country | Amount | Date |
| Paxos | Paxos is a financial technology company offering pioneering blockchain solutions for global financial institutions. | USA. USA. | $65M | 31/05/2018 |
| tZero | TZero is a financial technology company that owns, develops and operates a suite of Fintech solutions for the capital markets. | USA. USA. | $114M | 09/02/2018 |
| Capitolis | Capitolis is a banking and financial services company created by industry veterans and Venture Capital leaders. | USA. USA. | $20M | 06/03/2018 |
| Hall Structured Finance | HSF is a private direct value-added lender to the real estate industry. | USA. USA. | $35,5M | 20/03/2018 |
| LendingHome | LendingHome offers a flexible, simple, fast, transparent and reliable way for borrowers to obtain a mortgage. | USA. USA. | $56,6M | 17/10/2017 |
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