SANTIAGO, Chile, Sept. 26, 2022 (GLOBE NEWSWIRE) — Aquila today announced the acquisition of Asesorias Computacionales Neosoft SpA. (“Neosoft”), comprehensive regulatory reporting and compliance management system for banks and financial institutions across Chile and Latin America.
Founded in 1993 and headquartered in Santiago, Chile, Neosoft is a category-leading provider of Governance, Risk Management and Compliance (GRC) solutions through its flagship products “SIGIR” and “SGN”. Neosoft offers unmatched financial regulatory knowledge and proprietary back-end technology to help its clients comply with the complex requirements of federal banking authorities in a timely and accurate manner.
“We are excited to enter into a lasting partnership with Neosoft and become a true contributor to the Latin American fintech ecosystem,” said Daniel Lee, CEO of Aquila. “Aquila promises to preserve Neosoft’s founding heritage and values that made them exceptional in the first place. Neosoft prides itself on technical expertise and an excellent industry reputation. This is a unique platform acquisition that will open doors to the rest of Latin America as we seek to further invest in the region .”
Erwin Piwonka, CEO of Neosoft said: “The decision to unite with Aquila is an important milestone for the company. It is a driver for growth, leveraging Aquila’s network to adopt new technologies, improve our product offering and develop new commercial opportunities throughout LATAM. The leadership team at Neosoft is excited to find a permanent home for our customers and employees.”
Neosoft will continue to support its customers and partners as an autonomous business unit within Aquila.
About Neosoft
Neosoft is a prominent fintech company headquartered in Santiago, Chile. The company was established in 1993 by Erwin Piwonka, and brings together a highly qualified group of subject experts at the intersection between technology and banking regulations. Over the past 30 years, Neosoft has delivered consistent results for customers and a commitment to excellence, continuous improvement and innovation. For more information: www.neosoft.cl
About Aquila
Aquila supports category leaders across software. With global institutional reach across media, finance, government, real estate and education, Aquila exists to help software operators build lasting companies through permanent capital. Aquila is a division of Vela Software, and a wholly owned subsidiary of Constellation Software Inc. For more information: www.aquilasw.com
Consult:
Richard Hyun
Vice President of Corporate Development
[email protected]
Sergio Yruegas
Head of corporate development, LATAM
[email protected]
