Odyssey Financial Technologies, the provider of Wealth Management solutions, today announced the acquisition of CAfIT, a leading provider of Fixed Income, Derivative and Equity front office solutions. Now I have long been a champion of the CAfIT product suite (FIPA for modelling and asset allocation, APRE for performance attribution, REMIA that allows FMs to make active bets for risk-adjusted returns and the Analytics Engine, recently bought by Schroders) and must send my hearty congratulations to Raquel Elias and Gem Tugwell who have worked so hard over the years to produce such great software. I wish you all the best with the integration with Odyssey and hope it works out. Conceptually it looks like a good move to me as Odyssey have no competing solutions in the asset management sphere and the two firms should be able to leverage off each others' client bases. Given the increasing demand by HNWI for structured solutions, and thus the increasing complexity of Wealth Management operations, you can therefore see the sense in this. If you are a buy-sider looking for a specialist Front Office Solution then I recommend you go talk to the guys at CAfIT as they are one of the few software houses that actually understand the investment process and have produced solutions to fit investment managers and hedge funds. Their web site is at CAfIT. Alternatively drop me a line at sean.sprackling@bluerock-consulting.com and I can introduce you.