The combination of the two companies will create a market-leading provider of structured products software solutions with strong capabilities in document generation, workflow automation, data management, regulatory filings and web-based portals. The group will have a global presence with more than 200 employees in the United States, the United Kingdom, Germany, Switzerland and the Asia-Pacific region, and is well-positioned to serve the needs of Tier 1 investment banks globally. The transaction is an important milestone in WSD's strategy to offer its clients straight-through processing across the entire structured products value chain.
The combined group will be led by Mathias Strasser in his role as CEO. Thomas Schwanhäuser, the founder and CEO of Solvians, will step down from his function to pursue other interests.
Mathias Strasser, CEO of WSD, said: “We are delighted to welcome Solvians and their exceptional team to the WSD family. Integrating Solvians’ technology and expertise into the WSD platform will significantly enhance our automation capabilities and data coverage, delivering our clients a more complete structured products solution and enhanced hosting offering. I would like to thank Thomas for his numerous contributions to the structured products industry and his support in making this transaction happen.”
Thomas Schwanhäuser, CEO of Solvians, said: “I am excited about the future of Solvians as an important part of the WSD group. The combination of the two companies will strengthen WSD's offering and diverse international client base. I look forward to supporting the group in my capacity as a shareholder.”
Tom Shelford, partner of Bowmark, commented: “Thomas has built an exceptional business and we are excited to support its next phase of growth. This combination of WSD and Solvians creates one of the leading structured products solutions providers to Tier 1 banks and the broader industry. It also accelerates WSD’s strategy to become the leading global provider in structured products automation software, in line with growing client demand for a specialist provider of scale.”
Read the full press release here.