Luigi Marciano, founder of Objectway, a provider of software and services to financial institutions in Europe, North America and the Middle East, together with the Objectway management team and the international private equity firm Cinven, announced an agreement under which Cinven will acquire a majority stake in Objectway.

Marciano will remain a significant shareholder and will continue to serve as CEO and Chairman. He and his existing management team will continue to lead the company. Cinven will provide strategic and financial support, including further investments in technological innovations and assistance with future organic growth and targeted M&A opportunities.

The wealth management sector continues to grow steadily, and demand for modern technology solutions from established providers is increasing. Current industry trends demonstrate the need to transition from fragmented legacy systems to integrated, end-to-end solutions that create efficiencies in front-to-back office processes and enable consistent client service across the entire value chain, across all regions, and across all investor segments.

"The partnership with Cinven marks an exciting new chapter for Objectway. The investment is a strong endorsement of our business model, our leadership team, and our long-term growth plan. Together, we are well positioned to accelerate our expansion, further strengthen our market position, and drive the further development of our platform. This will enable us to continue creating outstanding value for our customers and the market." — Luigi Marciano, CEO, Chair and Founder of Objectway

"We believe Cinven is the ideal partner to support Luigi Marciano and the entire management team in achieving their ambitious growth goals. Cinven has extensive experience in financial services and technology and a long track record of working with outstanding management teams to build market-leading companies through investments in growth, including technology-driven innovation and buy-and-build strategies. We are delighted to support such a strong founder and management team in further establishing Objectway as the clear market leader in its category and look forward to working together to accelerate growth, expand capabilities, and drive global expansion." — Luigi Sbrozzi, Partner and Co-Head of the Strategic Funds at Cinven

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