Cathay Capital and Bpifrance have reached an agreement to buy a majority stake in French financial software company NeoXam from BlackFin Capital Partners.

NeoXam, a provider of data management and transaction solutions to financial institutions, have witnessed more than 25% increase in revenues over the past two years. The company has secured more than 32 deals and hired over 150 staff.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

With these new partners, NeoXam’s management aims to use the strong growth of the market and the technological assets of its data management, portfolio management system and back office solutions to position the group as a global leader.

NeoXam said it will leverage the global footprint of Cathay Capital to strengthen its footprint in important markets, especially APAC and the US.

NeoXam founder and CEO Serge Delpla said: “Since 2014, we have been creating with BlackFin a new leader, aggregating together established software and seasoned teams with fast-growing French gems. Now, Cathay Capital’s proven track record and Bpifrance’s institutional strength will be pivotal in providing us with the resources needed for NeoXam’s expansion plans.

“Our global business will undoubtedly benefit from the Cathay Capital network, particularly in China and North America, to continue to deliver world-leading financial solutions to our customers.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Bpifrance investment director Benoist de Saint Lager said: “Demand for new software solutions in the asset management sector is expected to grow significantly in the coming years. We are looking forward to work with NeoXam’s team to help them grow and strengthen their leadership status in a European financial ecosystem we know well. Besides, we are pleased to partner once again with Cathay Capital.”

The financial terms of the transaction, which is scheduled to be completed by the end of May this year, were not disclosed.