Axxsys Consulting, a successful and growing financial services consultancy firm, are announcing the acquisition of WS Technology, in order to strengthen their offering on Front Office Technology, Data Management, Performance and Regulatory Advisory Services.
Axxsys’ acquisition of financial technology consultancy WS Technology, which had a turnover of £3,000.000 in 2014, adds a more diversified offering to Axxsys Consulting’s current client base, which includes major banks, pension funds and asset managers in Europe and North America.
Steve Waters, Director of WS Technology, will join the Axxsys board, and will be a Director at Axxsys Consulting.
“We are delighted to add the services provided by WS Technology to our existing services to the financial industry”, said Philip Ritchie, Director at Axxsys Consulting. “Acquiring WS Technology will enable us to achieve our ambitious growth strategy, both in terms of a diversified set of services to our clients, and quality of delivery”.
“I am excited about incorporating WS Technology into a growing and successful consultancy such as Axxsys, and to join the management team. I have a strong belief that with the synergies between the two companies, we will be able to enhance the reputation of Axxsys Consulting as a leading consultancy for the financial sector”, said Director Steve Waters.
After the acquisition of WS Technology, the total combined revenue for both companies in 2014 is £8,200.000, and the total number of consultants is now over 40.
“We aim to grow our company and increase our services significantly over the next couple of years”, says Philip Ritchie, “with the addition of Steve Waters as a Director, we are confident that this will be achievable, while providing the quality of services that we pride ourselves on”.
Axxsys Consulting take a top-down approach when converting management visions to sustainable solutions. These solutions are tailored to deliver tangible results on time and on budget.
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