Luxembourg financial software provider firm Jiway has been acquired by electronic document management company Intalio.
Jiway, which is based in Koerich, in western Luxembourg, publishes the Mozaik software suite, helping financial institutions and corporations optimise document and publishing flows. Since it was founded in 2003, it has developed a customer base including Bank Mizuho, BNP Paribas, ABN Amro and Total Luxembourg.
Intalio was founded in 1999. Today it employs some 600 people across 25 countries and distributes solutions in North America, Europe and Asia.
The acquisition helps Intalio expand its presence into the financial centres of Luxembourg and Switzerland, while integrating Jiway’s team of professionals who are specialised in reporting, process automation and customer relationship management solutions for the financial industry.
“Intalio will allow Jiway to cover larger geographies, offer a wider range of products and reach more industries. Intalio’s excellent expertise in document management, business process automation, analytics and artificial intelligence complements and strengthens our current suite of solutions,” said Jiway CEO Luc Charlier.
“We are delighted to welcome Jiway to the Intalio family. Their expertise in the financial sector is an invaluable asset that will certainly help us strengthen our position as a leading provider of intelligent information management solutions,” said Intalio CEO Antoine Hraoui, adding: “As a global provider of enterprise solutions, Intalio will continue to look for acquisition opportunities not only in Europe but also on the four continents where we operate.”
