TrustQuay and Viewpoint enter agreement to merge by mid-2023
TrustQuay and Viewpoint have agreed to join forces to accelerate automation and digitalisation across trust, corporate and funds services.
Bringing together 270 people across 12 offices around the world, the transaction is said to enable the two businesses to scale up their R&D, professional services, customer services and business development.
As a result, the combined group will enable further acceleration in automation and digitalisation to benefit both existing customers and help modernise the industry as a whole.
Focused on entity management, client accounting, practice management, compliance and workflow software for trust, corporate and funds service providers around the world, TrustQuay serves more than 360 customers. It has a user base of more than 26,000 in over 30 jurisdictions.
With more than 20,000 users from more than 300 clients in over 80 jurisdictions, Viewpoint is a holistic entity governance and administration solution for the combined needs of both commercial entity management service providers such as trust and corporate service providers, and the needs of governance professionals in the PLC, family office, unit trust and law and accounting sectors.
The transaction is subject to regulatory approval, expected to close by mid-2023, after which Keith Hale will become Group CEO, and Rolf Heemskerk will become Chief Information Officer (CIO).
Keith Hale, TrustQuay Group CEO, comments, "This is extremely exciting news for both Viewpoint and TrustQuay. Both businesses have distinct strengths and together we bring a 'best of both worlds', enabling us to better serve customers globally, with a stronger footprint across Europe and Asia Pacific, and to further accelerate automation and digitalisation globally.
"Our greater scale will not only significantly benefit our customers, but also the wider trust, corporate and fund services sector and indeed the wider corporate sector as a whole. I'm particularly looking forward to working with Rolf, given his tremendous experience in both our sector and technology, enabling us to leverage the best of our combined teams."
Rolf Heemskerk, Viewpoint CEO, comments, "Working together with TrustQuay as a singly focused, client centric, global solution and service provider, the merger creates an amazing opportunity to optimise the unique organisational and team strengths.
"Our combined team brings together the exceptional talents of two already very aligned organisations. In doing so, I believe that we will build a stronger and a more sustainable business that, through digitalisation, will deliver even more innovative and client centric solutions that will continue to greatly benefit the operations, productivity and efficiency of our clients."
TrustQuay is a global specialist in technology for the corporate services, trust and alternative fund administration industry, offering a functionally rich, scalable and secure front to back-office platform. TrustQuay has 10 offices around the world, including Australia, Guernsey, Jersey, Luxembourg, Singapore and the United Kingdom.
TrustQuay work with providers to help them consolidate data and systems onto a single digital platform, reduce regulatory burden, increase efficiencies and reduce costs through automation, and create competitive advantage via a clearly differentiated proposition for clients.
Founded in 1994, Viewpoint is a specialist entity governance solution. Viewpoint is trusted daily by both single user organisations and professional services organisations with thousands of users. Bringing digitalised business process management into everyday operations, Viewpoint is a highly client and user centric fully end to end, entity management solution. Delivering a Client/Front Office Portal, a modular Back Office solution catering for every aspect of professional entity management, and a state-of-the-art e-filing web solution.
