NeoXam would be able to enhance its fintech portfolio by including EZOPS's regulatory reporting, workflow automation, data management, and reconciliation solutions into its proposed purchase.

NeoXam was established in 2014 and provides a range of software solutions for data administration, reporting, portfolio accounting, and transactions. The company states that it serves over 150 asset managers, market service providers, global and regional banks, and more in 25 different countries.

"Optimize IT systems across the entire financial value chain, from data management to reporting, including critical front, middle, and back office processes," is how the company describes their products.

NeoXam announced the purchase and stated that the company's expansion in the US, Ireland, and India will be aided by the expected addition of over 150 personnel from EZOPS' locations in New York, New Jersey, Dublin, and Delhi.

Florent Fabre, CEO of NeoXam, says, "We will leverage our complementary geographical presence to accelerate the combined group's expansion and enhance our global client service offerings."

Additional details of the agreement have not been made public. According to Crunchbase, EZOPS's sole investment round to date concluded in January 2019 for $10 million, with Credit Suisse NEXT Investors serving as the lead investor.