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PATRONAS acquires asset manager Aramea as new client and continues to power ahead on its organic growth track
Freiburg, March 21, 2023| PATRONAS Financial Systems GmbH gains Aramea Asset Management AG, one of Germany's largest independent asset managers, as a new customer. PATRONAS is continuing the previous year’s business momentum into 2023.
With more than EUR 4 billion in assets-under-management (AuM), Aramea ranks as one of the largest independent asset managers in Germany and offers customized investment opportunities to both private and institutional clients. PATRONAS participates directly in its customers’ AuM via its software solution. Having successfully completed a six-month test phase, Aramea is now deploying PATRONAS OPUS to replace the software solution it previously used. With scalability, openness to expand the application spectrum – such as into the risk management area – as well as connectivity to a comprehensive platform, the niiio subsidiary offers modern asset managers a broad product portfolio and thereby covers the entire front-to-back value chain in asset management. In addition, the PATRONAS Support Desk, which offers expert service in this area, proved to be a key feature behind Aramea’s choice. More than 20 percent of PATRONAS employees can draw on relevant professional experience in asset management and banking, understand the processes, decision-making paths and industry trends relevant to customers, and thereby optimally address asset managers’ specific requirements.
Sven Roggenkamp, Head of the Middle Office at Aramea Asset Management AG, comments: “The work with the experts from PATRONAS during the six-month test phase was constructive as well as results- and goal-oriented. You can tell that industry experts are at work here who understand the needs and requirements of innovative asset managers like Aramea. Exceptionally good customer support as well as the extensive and open-ended test phase enabled us to gain a comprehensive overview of OPUS – and we are one hundred percent convinced of its merits.”
For Carsten Osswald, Managing Director of PATRONAS Financial Systems GmbH, the latest acquisition success impressively demonstrates the strengths of PATRONAS: “In recent years, we have continuously developed our product portfolio with a focus on process automation and API technology. We have also significantly strengthened our service team. These measures made a considerable contribution to our organic growth in 2022. The overall package is convincing and with Aramea we were able to gain one of the leading independent German asset managers. Our customers particularly appreciate the scalability and the platform concept that we live at PATRONAS.”
PATRONAS' acquisition success is part of a general structural trend within the financial sector: European banks and financial service providers are faced with the need to digitalise their processes as quickly as possible in view of rapid technological change, increasing regulation, changing customer demands and immense cost pressure in the industry. In doing so, they are increasingly relying on SaaS or cloud-based third-party software solutions.
About PATRONAS Financial Systems GmbH
PATRONAS Financial Systems GmbH, a company of the niiio finance group AG, is a leading software provider for the international investment industry. PATRONAS offers integrated portfolio, risk, compliance and order management solutions for investment managers, advisors, administrators and trading desks.
The company was founded in 2003 by Carsten Osswald and Heribert Steuer.
Further information: www.patronas.com
About Aramea Asset Management AG
Aramea Asset Management AG is one of the largest independent asset managers in Germany and offers its clients successful and customized investment solutions. Aramea’s team, which has been working together for 20 years, comprises experienced portfolio managers with a high level of capital expertise. Aramea’s roots lie in decades of successfully serving institutional clients.
PATRONAS Financial Systems GmbH
c/o Norwin Schörrig
Phone: +49 761 400 688 36
Mobile: +49 175 582 7000