Linedata opens new offices in Casablanca, Morocco
PARIS, CASABLANCA, IRVINE, LONDON, MADRID, SEATTLE, TORONTO, 17 May, 2016 - Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced the opening of new offices in Casablanca, Morocco. This new base will enable Linedata to strengthen its relationships with its clients and its partners in this region, especially in the lending and leasing sectors. It will also deepen Linedata’s penetration of the North African and sub-Saharan African markets.
The new offices will bring Linedata closer to its clients and increase its responsiveness in meeting their needs, both in Casablanca and elsewhere in this region where the Group has been operating for more than 15 years across 9 different countries.
The establishment of Linedata operations in Morocco represents a key part of the Group’s strategy, which includes entering new and rapidly developing markets. The demand for loans in sub-Saharan Africa is rising strongly, and firms operating in this space will need to acquire software capable of handling large volumes of data effectively so that they can cope with ever more stringent regulation and constantly expanding data volumes. It is in this fast-developing market for banking and financial services in Africa that Linedata aims to play a major role.
“We are delighted to be strengthening our presence in Morocco, and more generally in Africa, where we have great ambitions”, said Anvaraly Jiva, founder and CEO of Linedata. “As well as bringing us closer to our existing clients, these new offices in Casablanca will be a launchpad for the development of our asset management and administration activities.“
Alain Mattei, Head of Lending & Leasing Business Lines at Linedata, added: “Africa represents a major commercial and strategic opportunity for our Group. As well as complementing our presence in Tunis, this new location demonstrates our intention to consolidate our position as a major global provider of software specifically designed for the lending and leasing sectors.”
By helping financial institutions to develop their activities, Linedata has become a key player in the lending and leasing sectors, serving consumers, companies and financial institutions. With more than 450 sector professionals, Linedata strives every day to meet the needs of over 130 institutions in 32 countries.
Linedata is a global solutions provider dedicated to the investment management and credit community, with close to 1000 employees in 16 offices across the globe. Linedata has been at the service of the financial industry from day one, and applies its market and client insight to provide innovative and flexible mission-critical software and services that help its clients grow in over 50 countries. As a pioneer for over 15 years with the set-up of SaaS infrastructure for the financial industry, Linedata remains committed to this model throughout the global financial community and for its full range of products. Headquartered in France, Linedata achieved revenues of EUR 172.3 million in 2015. This company is listed on Euronext Paris compartment B FR0004156297-LIN – Reuters LDSV.LN – Bloomberg LIN:FP.