Transaction

• In January 2008, Xeye Incorporated was acquired by Odyssey Financial Technologies S.A..

Companies

• Xeye supplies advanced technology solutions to the wealth management industry. Xeye's core solution is WealthManager™ — a highly scalable, enterprise-wide wealth management platform featuring a suite of best-of-breed business solutions designed to help financial institutions leverage technology, lower costs, increase revenue, and better manage the needs of their ever-demanding client base. Xeye is headquartered in Mississauga, Ontario Canada. The Company’s investors include the Acartha Group and Gryphon Investments.
• Odyssey Financial Technologies S.A. is an industry leader in the global provision of private wealth and asset management solutions and services. Odyssey provides a comprehensive range of components for portfolio management, client relationship management, advisory, compliance, risk, and analytics, deployed on a single scalable platform facilitating the enterprise-wide implementation of solutions and data management. Odyssey is headquartered in Lausanne, Switzerland.

Result

• Liquidity realized for Xeye shareholders at an attractive valuation
• Broadened the geographical penetration of Odyssey’s wealth management software offerings