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The Swiss and Canadian Corporate Finance teams are pleased to announce the acquisition of Quartal Financial Solutions (“Quartal”), Europe’s leading provider of fee billing and commission solutions for the financial and insurance industries, by Purefacts Financial Solutions (“Purefacts”), a leading WealthTech provider of fees, reporting and AI-powered predictive analytics solutions. PwC acted as exclusive financial advisor to Purefacts in connection with the transaction, and also provided tax and due diligence support.
This acquisition further strengthens Purefacts’ ability to provide mission critical, AI-driven and regulatory compliant fee solutions to its marquee clients. Additionally, the combined organization expands the company’s global reach to bring market-leading solutions and opportunities to all its stakeholders. These two successful companies both have industry-leading expertise in calculating fees and commissions. Together, they will provide the most powerful fee platform in the global financial marketplace.
The acquisition of Swiss-based Quartal is the second successful acquisition completed by Purefacts this year, coming on the heels of its acquisition of CRM consulting firm VennScience in May 2020.
