CMG is ramping up its regulatory reporting and risk management activities, buying German company Orga Team for DM14.9 million.
A leading German supplier of regulatory reporting software, Orga Team is best known for its Samba software, used almost universally throughout the German financial sector.
A total of 26 staff are staying with the new company, CMG Orga Team.
Paul Foll, CMG?s director finance division, said: ?It is imperative to provide country specific solutions for the regulatory market to meet local needs... and we continue to seek new partnerships with vendors of banking products.?
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