Merit Software provides an Intelligent automated platform for tax, regulatory and claims solutions for Investment Banks
The demand for Merit’s products has accelerated, driven by both regulatory demand and an internal drive for efficiencies within investment banks and other Capital Market participants. Synova’s growth capital investment will support the Company in developing new products and growing its presence in the North American market.
Synova is partnering with Kerril and Paul Burke who will continue as CEO and CTO respectively. Synova is investing alongside FiveW Capital led by strategic US based investor Randall Winn, co-founder and former CEO of Capital IQ who joins the Company as a Non-Executive Director and Peter Little (previously CEO and Chairman of Cadis Software Limited and co-founder of Braid Systems) who joins the Business as Non-Executive Chairman.
- $634tnAnnual value of Euroclear trades settled
- 57%2-year earnings CAGR
- 25Global Tier 1 installations
Founder & CEO – Merit Software
“Synova are working closely with me to identify and recruit a team of exceptional senior professionals across a number of disciplines in order to secure new contracts and enter new geographies”
Merit Software is an intelligent automated platform for tax, regulatory and claims solutions for Investment Banks . The disruptive nature of the Merit offering provides its customers with operational efficiency, cost savings, regulatory reporting and analytical tools.
Synova will support the management team to grow the Business organically. In particular we will be focusing on the successful roll-out of the SetClaim utility, further market penetration in the US and further development of a suite of analytics tools.