Solventis and Qbitia have closed an agreement for the strategic integration of the Solventis consulting and financial software development businesses of Qbitia. The purpose is “Consolidate a new leading competitor in the field of technological financial consulting”, according to the joint statement sent by both entities.
Under the agreement signed, Solventis A.V. It has been done with 80% of Qbitia. Luis Taboada, CEO of Qbitia, and the rest of the management team will continue to lead of the company.
They will develop new products for the financial sector, investment services companies and corporations in general. Qbitia will contribute its experience in the development of technological solutions for data management and connection with markets, while Solventis will provide its ‘know-how’ related to the valuation of financial assets and risk management.
"Taking advantage of our strengths and with a sustainable business development, we will create a leading company with better growth prospects," believes Alberto Moro, CEO of Solventis.
Solventis is a financial group founded in 2002 that provides services of wealth management, corporate finance and specialized financial consulting. For its part, Qbitia was founded in 2011, has its headquarters in Spain but operates worldwide, and within its portfolio of products, stand out Qcaid, an automatic trading platform, or QDN, a financial information network that allows to integrate various data sources.