Ffastfill has made a conditional £4.8m offer for multi asset back office systems provider, Exchange Systems Technology (EST). The ISV hailed the potential deal as the culmination of its ambition to offer full front-to-back office systems capability while pointing toward further acquisitions in the near future.
"[Ffastfill] has always said as an application service provider that we wanted to offer the whole suite of front, middle and back office," Keith Todd, executive chairman and CEO of Ffastfill told FO Week. He added, "Most importantly the EST product is multi-asset and complements our front-end, also a multi-asset product."
The...