BSE Technologies Private Limited Announces Sale of Class Back Office Software segment to RTV Tech Systems Pvt. Ltd.

Mumbai, Maharashtra, India – Business Wire India

BSE Technologies Private Limited (a subsidiary of BSE Limited) is delighted to announce the successful sale of its Class Back Office software segment, along with complementary products Citrus, Spark, and Class DP, to RTV Tech Systems Pvt. Ltd. (a wholly owned subsidiary of Rupeeseed Technology Ventures Pvt. Ltd.), effective September 4th, 2023. This strategic transaction is expected to fortify the product offerings and foster innovation within the financial services sector.

The acquisition encompasses key employees from BSE Technologies Private Limited, who were integral in the development and support of these products, now becoming part of the RTV Tech Systems team. This seamless transition ensures continued support and service excellence for existing customers.

RTV Tech Systems views this acquisition as a synergistic addition to its product portfolio, complementing Rupeeseed Technology Ventures' existing offerings, which include Trading Platforms and a range of front-end trading and wealth solutions. The incorporation of Class Back Office software enhances the comprehensive suite of financial services provided by the Rupeeseed group.

Mr. Sandeep Manoharan, CEO of Rupeeseed, stated that the acquisition of CLASS will enable the provision of an integrated technology stack to brokers and wealth management firms. Through this acquisition, Rupeeseed will offer solutions spanning client onboarding (eKYC), Trading, Risk Management, and Back-Office processing. This integration will minimize friction between front and back office applications, making Rupeeseed one of the few players in the Indian markets to provide comprehensive solutions for all essential application requirements of brokers.

About BSE Technologies Private Limited

BSE Technologies Pvt. Ltd. (BSE Tech) is a vibrant and agile set up located at Mumbai. BSE Tech is an established player in e-enabling the businesses in financial services sectors.

BSE Tech is founded and managed by a team of professionals, instrumental in setting up and operating India's largest stock exchange.

BSE Tech has a strong team of over 70 professionals for development and support who are well versed in stock, derivative & commodities market exchanges, and broking operations. BSE Tech is one of the leading providers of software solutions for the brokers in the Indian Capital, Derivatives, Commodities and Currency Markets.

Software Products include products, solutions and services for the Financial and Capital Markets addressing Stock and Commodities Exchanges, Intermediary Brokerage Houses, Merchant Banking Operations and Financial Services in India and Overseas.

About Rupeeseed Technology Ventures Pvt. Ltd.

Rupeeseed Technology Ventures Pvt. Ltd. is a recognized Trading Platform vendor empanelled with BSE and NSE, with a successful operational history since 2012. Rupeeseed offers a comprehensive range of solutions for brokers, from client onboarding to trading and now back-office operations. Their product suite covers Retail Trading Platforms, Wealth and Mutual Fund Platforms, Mobile Trading Apps with Advanced Analytics, Dealing Terminals, Risk Management Systems, Robo Trading Systems, and Mid-Office Solutions. Rupeeseed holds ISO 27001:2013 certification, reflecting its commitment to data security. With offices in Mumbai, Nasik, and Hyderabad, the company comprises a dedicated team of over 200 professionals engaged in developing and supporting Trading Platforms, Wealth Platforms, eKYC Solutions, and Managed Services.

#RTVTechSystems #RupeeseedTechnology #BSETechnologies

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