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FRSGlobal expands its regulatory reporting software

Posted: 11 November 2008

FRSGlobal yesterday announced the acquisition of regulatory reporting specialist BusinessObjects SECAM+, from Business Objects, an SAP company.

FRSGlobal provides solutions across the retail, corporate and securities sectors, which complements the specialised capabilities of SECAM+ in regulatory reporting for the UK securities industry. The SECAM+ solution enables UK-based investment firms to meet regulatory reporting demands of the Basel Capital Accord, as stipulated by the Financial Services Authority.

Steve Husk, CEO, FRSGlobal, commented: “SECAM+ is a specialist solution and the expertise they have will only add to the sophistication of our regulatory reporting offering for the securities industry and our associated clients.”

SECAM+ customers include some of the largest multi-national financial institutions across Europe, North America and Asia. A considerable amount of research and development is also invested in Japan and Korea.

The deal represents the second acquisition for FRSGlobal in recent months, following its purchase of IRIS integrated risk management AG – a provider of risk management solutions – in August 2008.

The deal is supported by The Carlyle Group and Kennet Partners, the private equity investors in FRSGlobal.

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