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Doxim Acquires Arius Software, The Market Leader in Account Opening Applications
Acquisition Extends Doxim’s Customer Centric Product Offering, Adding Front Office Solutions For Doxim Clients
Today Doxim announced the acquisition of Arius Software, of Kitchener-Waterloo, Ontario. Arius is the leading provider of account opening applications to the North American brokerage and wealth management sector.
We have spent the last few years helping our clients to streamline creation, management, storage and access of customer centric documents such as statements, confirms, loans and tax forms. Adding the Arius account opening product, OpenAdvantage® to this mix is a natural extension to our current product offering. It provides a front office solution that greatly streamlines the account opening process – a key area where consistent compliance with stringent regulatory mandates is paramount.
The addition of OpenAdvantage® to the Doxim product portfolio further expands Doxim’s total offering for financial service providers, encompassing front office applications, document processing and enterprise content management.
Arius OpenAdvantage® is built on highly flexible and scalable multi-tenant software platform. This can be quickly and easily configured to deliver other key applications to address workflow intensive front office processes in the Financial Service Provider marketplace.
Doxim will leverage its extensive cloud computing experience and existing datacenter infrastructure to enable the delivery of account opening as a cloud offering. This will expand the addressable market for account opening to encompass customers that prefer the ease of deployment that cloud solutions offer.
In many financial institutions, the account opening process is overly manual, time consuming and error prone and our customers have been asking us to add account opening to our compliance centric product portfolio. This acquisition helps us respond to this demand, with the best account opening application in the marketplace. We are proud to be joining two Canadian technology leaders together, with an expanded product offering that helps our financial services clients further streamline their compliance processes.
Please visit our web site to find out more about Arius OpenAdvantage®