Profidata Group AG (Profidata Group) acquires 100% of the shares in abraxas GmbH (abraxas), thereby expanding its existing product and service portfolio.

abraxas has been successfully represented for 25 years with its FundLine product family for processing fund orders and determining portfolio commissions, and RiskLine for consolidating and quality-assuring financial market data, market conformity checks and fair value calculations for capital management companies and custodian banks. The company also provides product-related services. As part of the Profidata Group, abraxas will continue to operate independently from its current location in Saarbrücken.

abraxas GmbH
Since 1992, abraxas has been an innovative and internationally active provider of software applications for banks and financial service providers. The modularity and flexibility of its systems ensure timely, cost-effective and needs-based solutions for customer requirements. The combination of technical, financial and mathematical knowledge of the financial services industry makes abraxas a competent business partner that is valued by its customers for its reliability, professionalism and adherence to deadlines in project implementation. In consulting, the focus is on financial market data analysis.

Further information can be found at www.abraxas.de.

Profidata Group AG
Founded in Switzerland in 1985, the Profidata Group develops investment and wealth management software for financial service providers and offers comprehensive services for its XENTIS and e-AMIS solutions. The company is headquartered in Zurich and has offices and representative agencies in Vaduz, Frankfurt am Main, Saarbrücken, Luxembourg, London and Singapore.

Further information can be found at www.profidatagroup.com.

Questions regarding this press release will be answered by

Peter Klein, Management
Profidata Group
In der Luberzen 40
8902 Urdorf
Switzerland
Phone +41 44 736 47 47
peter.klein@profidatagroup.com