Add-on Acquisition • Software

PureFacts Financial Solutions Acquires Quartal Financial Solutions AG

On November 17, 2020, PureFacts Financial Solutions acquired software company Quartal Financial Solutions AG

Acquisition Context

This is PureFacts Financial Solutions’ 1st transaction in the Software sector.
This is PureFacts Financial Solutions’ 1st transaction in Switzerland.

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M&A Deal Summary
Date	November 17, 2020
Target	Quartal Financial Solutions AG
Sector	Software
Buyer(s)	PureFacts Financial Solutions
Deal Type	Add-on Acquisition

Target Company

Quartal Financial Solutions AG

Zurich, Switzerland

Quartal Financial Solutions is a provider of fee and commission management, and revenue and expense lifecycle management software for the financial and insurance industries. The company was founded in 1999 and currently has more than 30 clients with over 50 software installations in 15 countries across Europe, the United States, Middle East, Africa, and the Asia-Pacific region. Their clients enjoy reduced operating costs, higher performances, quick Return on Investment, and reduced technology obsolescence through the use of their technologically advanced solutions.

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