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Acarda, the specialist for integrated, regulatory and automated data management
and reporting solutions will in future be operating under the umbrella of the
LPA Group
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This acquisition takes LPA into the growth segment of asset management and marks
another milestone on its journey of international expansion
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The acquisition broadens the LPA proposition combining innovative CapTech and
RegTech automation solutions for financial sector organizations worldwide
Frankfurt/Main, (08.09.2020) – The LPA Group (http://www.l-p-a.com), the
European market leader in capital market technology (CapTech) and
technology-centric transformation services for the financial world, today
announces the acquisition of the Acarda Group. As one of the leading
international solution providers for asset managers, fund administrators,
insurance companies and banks, RegTech specialist, Acarda focuses primarily in
the automation of regulatory reporting and in automated data management. One of
the company’s USPs is the proprietary cloud-based SaaS (Software-as-a-Service) platform,
arep. This automates the entire reporting process irrespective of the IT
systems on which asset managers, service providers or insurance companies
operate their business. In addition to European reports and data templates such
as AIFMD, Solvency II, PRIIPS/MiFID II and CRR, arep covers country-specific
reports, for example for BaFin, CSSF, FCA and BVI.
The addition of Acarda will enable the LPA Group to enter the attractive
digitalization and transformation business in asset management and increase its
expertise and technical know-how in the field of automation. Founded in 2006,
Acarda solutions are actively used by over 40 leading international organizations
and employs around 50 people at locations in Frankfurt/Main and Luxembourg. As
a result of the extensive expertise gained in asset management, the LPA Group can
partner with more asset managers, insurers and fund administrators in addition
to banks and financial services companies. In adding leading asset management
companies in Germany, Luxembourg, France, Austria, UK and Ireland among others
to its list of customers, LPA is once again underlining its ambitious
international growth objectives. For the company, which also includes the
CapTech Modelity, startup AAAccell, which has received many awards for its
innovations, and EffCom. The acquisition of Acarda represents a further step
toward becoming the global CapTech market leader.
The accretive, add-on acquisition has already been preceded by a
successful collaboration and test phase lasting several months. Since April
2020, the two companies have been working closely together, successfully
exploiting sales synergies and setting up initial technology and interface
projects. With a view to the future, LPA and Acarda plan to work closely on
joint products and to develop further ancillary segments. The two managing
directors of Acarda, Gerhard Jovy and Ali Karaca, will remain on board after
the takeover by the LPA Group.
Peter Schurau, CEO of the LPA Group: “Our
aim is not only to help shape the global market for CapTech and
technology-centric transformation services, but to lead it. Innovative IT
transformation that can be implemented immediately is in high demand in the
financial industry. That is why we want to grow not only organically, but also
through acquisitions. I am therefore delighted about the transaction with
Acarda because the company perfectly complements the LPA Group. From our very
fruitful cooperation with Gerhard Jovy, Ali Karaca and their team in the past,
we can expect further product innovations for the global financial world.”
Stefan Lucht, co-founder and managing partner at LPA:
“There is enormous potential for process automation not only in the capital
market sector but also in the entire financial industry, both for users and for
providers. With the acquisition of Acarda, we are proud to now be a
highly competent solution provider for asset managers and insurers. Acarda’s
automated reporting solutions provide real value for our customers worldwide and
increase our footprint in the digitalization of time-consuming processes.”
Gerhard Jovy, Managing Director Acarda: “In
asset management in particular, there is increasing demand for a central
software platform that covers regulatory requirements. And a succession of new
requirements promises further growth potential. Combined with the technology
and consulting expertise of the LPA Group, we will be able to serve customer
needs in this segment even better in the future. We look forward to a successful
collaboration and to developing new products and solutions together.
About
the LPA Group:
The LPA Group is one of the world’s leading
developers and consultants for technology-based capital market solutions
(CapTech) for banks, insurance companies and fund providers. The core business
of the multi-award-winning group is the CapTech suite, a portfolio of leading
technology solutions for automated consultancy, sales and documentation for
financial instruments, structured products and OTC derivatives. The
products and services of the LPA Group help financial services companies in
their capital market activities to automate their necessary advisory and
regulatory documentation processes, thereby increasing their efficiency and
achieving full compliance. One
of the main LPA solutions, Capmatix, speeds up digital transformation within
leading organisations by providing powerful and highly configurable modules
that are used as building blocks that fit seamlessly into an existing digital
infrastructure.
The LPA Group also advises its
customers on the strategic planning and implementation of CapTech solutions. At
its headquarters in Frankfurt and at ten other international locations
including Tel Aviv, London, Zürich, New York, Paris, Barcelona and Singapore,
almost 400 technology and capital market experts are now working for a
portfolio of international clients.
Press contact
LoeschHundLiepold
Kommunikation GmbH
T +49 89 720 187-293
LPA@lhlk.de