Aquila Software Completes Acquisition of Financial Risk Solutions (“FRS”)
Miami, Florida – 12 December 2018 Aquila Software (“Aquila”) announced today that it has closed the acquisition of Financial Risk Solutions (FRS). FRS is the developer of the InvestPro™ product, a comprehensive Investment Administration Software solution for the life assurance and pensions industries.
“FRS is a tremendous team of individuals that due to their domain knowledge and close relationships with their clients have had great success in the market. All characteristics we value highly. We are excited to welcome them to the Aquila family and look forward to working closely with them” said Mike Byrne, CEO of Aquila.
He went on to say;
“We know that the leadership at FRS have set high goals for themselves to achieve their vision and provide great value to their clients and we are happy to assist in that focus.”
Peter Caslin, CEO of FRS said;
“This is superb news for clients and staff of FRS. The Aquila philosophy of ‘buy and hold forever’ and their financial strength were key factors for FRS in deciding to join Aquila. These characteristics will underpin the long-term relationships FRS has developed with its loyal blue-chip client base. As part of the Aquila family FRS will further develop its award-winning products and expand the software’s geographical reach. We are looking forward to working with the Aquila team.”