POELLATH advises Objectway on the acquisition of DIE SOFTWARE Peter Fitzon GmbH
POELLATH advised Objectway, one of the world’s top 100 fintech companies for wealth and asset management software, on the acquisition of DIE SOFTWARE Peter Fitzon GmbH (“DSW”), a leading German provider of core banking systems.
With this acquisition, Objectway complements and boosts its wealth and asset management offering with a robust and comprehensive core banking platform.
Founded in 1990 and based in Italy, Objectway helps leading financial institutions implement their digital transformation programs with state-of-the-art technology. Its offering includes intelligent and cloud-enabled solutions that increase customer engagement and optimize front-office productivity and back-office process efficiency. Objectway serves more than 200 customers in 15 countries in the EMEA region and has total revenues of more than EUR 100 million.
DSW is a leading provider of core banking systems in German-speaking Europe with a market presence of over 35 years. The company’s core product is its modular core banking system developed for banks called OBS (Online Banking System). The company employs over 140 people at its Munich and Zurich offices. Its customers include leading private banks, retail banks and specialized institutions in the DACH region and Luxembourg.
POELLATH comprehensively advised Objectway on legal and tax matters in connection with the acquisition with the following team:
- Dr. Michael Best (partner, lead, tax, Munich)
- Dr. Jens Linde (associated partner, financing, Frankfurt)
- Tobias Deschenhalm (associate, tax, Munich)
Eugenio Romita of Giovanelli e Associati coordinated internationally and advised Objectway on Italian law.