Euronext Corporate Services snaps up Finnish compliance firms
Euronext Corporate Services has acquired a pair of Finnish regulatory technology firms in Ticker Software and Sidonnaisuusrekisteri.fi.
Ticker Software, which provides insider list management, and Sidonnaisuusrekisteri.fi, a liability register for Finnish municipalities, are both owned by the same parent company.
Both firms and their parent are to be acquired by InsiderLog, a Euronext Corporate Services subsidiary specialising in compliance solutions.
The acquisition is part of an ongoing expansion into the Nordics by Euronext Corporate Services, which provides investor relations, and governance and compliance solutions to corporates.
According to Euronext, Ticker Software is the Finnish leader in terms of insider list management, and Sidonnaisuusrekisteri.fi already has a significant market share with municipalities in Finland.
The new entity combining InsiderLog with Ticker Software and Sidonnaisuusrekisteri.fi will manage insider lists for a total of around 550 clients.
“The acquisition of Ticker Software and Sidonnaisuusrekisteri.fi is a new milestone in the development of Euronext Corporate Services in the Nordics,” says Mathieu Caron, head of Euronext Corporate Services.
“This is a unique opportunity to expand our footprint in the Finnish market, and we look forward to working with our new team members, with local issuers, and with other actors in the financial industry, and to deploying our complete suite of solutions.”
Euronext appointed a new chief operating officer in March, as Georges Lauchard stepped into the role from JP Morgan.
Lauchard has been charged with leading the firm’s ambitious aim of becoming the leading market infrastructure operator in Europe.
Euronext had been going head-to-head with Swiss infrastructure group SIX over the potential acquisition of Spanish exchange operator Bolsas y Mercados Españoles (BME).
In late March SIX was granted regulatory approval for its $2.8 billion bid.