Linedata Services
Encyclopedia
Linedata is a company targeting customers in the Investment Management and Credit industries. In 2006, Linedata’s 15 financial software applications were being used by approximately 1,000 institutions across five continents. Headquartered in Neuilly-sur-Seine
, a suburb of Paris, France, Linedata has over 900 employees globally.
, gave employees at GSI Division des Banques majority control over their company. The subsequent acquisition of Line Data and BDB Participation led to the creation of a new company: Linedata Services. Far from being a start-up, the new corporate entity benefited at the outset from the existing human resources and technological skills of its three components.
Linedata Services has been listed on the Paris Stock Exchange (ticker symbol LIN.PA) since May 2000, and achieved 2008 revenues of EUR 160.7m.
LatentZero, Charles River Development, DST Systems Inc.
, Sungard
, SimCorp
amongst others.
Neuilly-sur-Seine
Neuilly-sur-Seine is a commune in the western suburbs of Paris, France. It is located from the center of Paris.Although Neuilly is technically a suburb of Paris, it is immediately adjacent to the city and directly extends it. The area is composed of mostly wealthy, select residential...
, a suburb of Paris, France, Linedata has over 900 employees globally.
History
Founded in September 1998, Linedata resulted from the merger of three firms: GSI Division des Banques, Line Data and BDB Participation. A December-1997 leveraged management buyout, backed by AXA Private EquityAXA Private Equity
AXA Private Equity is a diversified private equity firm with $ 25 billion of assets managed or advised and with an international reach across Europe, North America and Asia...
, gave employees at GSI Division des Banques majority control over their company. The subsequent acquisition of Line Data and BDB Participation led to the creation of a new company: Linedata Services. Far from being a start-up, the new corporate entity benefited at the outset from the existing human resources and technological skills of its three components.
Linedata Services has been listed on the Paris Stock Exchange (ticker symbol LIN.PA) since May 2000, and achieved 2008 revenues of EUR 160.7m.
Acquisition Timeline
- 1998 - Line data* (Asset Management), France
- 1998 - BDB (Employee Savings & Insurance), France
- 1999 - Bimaco (Asset Management), Luxembourg
- 2000 - Pen Lan (Systems Engineering), France
- 2000 - Ekip (Leasing & Credit Finance), France
- 2001 - LongView (Asset Management), USA and UK
- 2002 - IAS II (Asset Management), UK
- 2003 - PIMS/Thomson Financial (Asset Management), UK
- 2003 - ESDS (Employee Savings & Insurance), France
- 2005 - Global Investment Systems (GIS), USA and Ireland
- 2005 - Beauchamp Financial Technology (BFT), Europe, USA, Hong Kong
Competition
Linedata's main competitors are FidessaFidessa
Fidessa Group plc is a British-headquartered company which provides software and services such as trading systems to clients in the financial services sector...
LatentZero, Charles River Development, DST Systems Inc.
DST Systems Inc.
DST Systems Inc. is a software development firm that specializes in information processing and management, with the goal of improving efficiency, productivity, and customer service...
, Sungard
SunGard
SunGard is a multinational company based in Wayne, Pennsylvania, which provides software and services to education, financial services, and public sector organizations. It was formed in 1983, as a spin-off of the computer services division of Sun Oil Company, during a period of low crude oil...
, SimCorp
SimCorp
SimCorp is a Danish company that provides specialised software and financial expertise for the investment management industry. Its clients include banks and central banks, mortgage lenders, portfolio/investment managers, insurance companies, pension funds, mutual funds, securities and commodities...
amongst others.