Huddlestock expands IaaS offering to existing Swedish customer

18 Sep 2024 13:28 CEST

18.9.2024 13:28:20 CEST | Huddlestock Fintech AS | Non-regulatory press releases

Huddlestock Fintech AS ("Huddlestock"), a leading investment technology and
services provider, has extended and expanded its existing
Investment-as-a-Service ("IaaS") agreement with a Swedish-based global asset
manager. The agreement includes the delivery of software, back-office operations
and end-customer solutions.

"This once again highlights our ability to drive growth through existing
clients," says Leif Arnold Thomas, CEO of Huddlestock. "The agreement will
elevate the quality of services provided and enable us to deliver new,
innovative solutions, such as enhanced end-customer offerings."

The customer, a global asset manager based in Sweden, provides investment
solutions to leading institutions, companies and private individuals.

Huddlestock operates in a self-reinforcing growth market characterized by an
increasing number of investment platforms, more investors, and evolving investor
preferences. By using Huddlestock's IaaS platform, businesses can access
investment tools and expertise without the need for extensive infrastructure or
in-house resources, allowing them to quickly deploy modern and cost-effective
financial services solutions. Huddlestock's IaaS revenue is driven by recurring
license fees, assets under administration and transaction fees.

Within its existing geographical markets, Huddlestock sees significant untapped
potential for its services. The company is pursuing this by upselling to
existing customers and forging new customer relationships. Upselling activities
are an effective way to drive growth without high acquisition costs. Upselling
adds value to existing customers and provides Huddlestock with valuable insights
into evolving customer needs, strengthening Huddlestock's ability to capitalize
on emerging opportunities.

CONTACTS

* Leif Arnold Thomas, Chief Executive Officer, Huddlestock Fintech AS, +47 982
15 520, leif.thomas@huddlestock.com

ABOUT HUDDLESTOCK FINTECH AS

Huddlestock is an innovative technology software provider through its
Investment-as-a-service offering, with full operational service support and a
leading financial Consultancy services business. We deliver innovative and
sustainable technology and operational solutions to companies offering financial
products and services.

Find out more at huddlestock.com - https://www.huddlestock.com/

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17848032/18245767/4986/Download%20announce
ment%20as%20PDF.pdf

180924 HFT press release- Huddlestock expands IaaS-offering to existing Swedish
customer.pdf -
https://kommunikasjon.ntb.no/ir-files/17848032/18245767/4985/180924%20HFT%20pres
s%20release-%20Huddlestock%20expands%20IaaS-offering%20to%20existing%20Swedish%2
0customer.pdf

More information:
Access the news on Oslo Bors NewsWeb site

628050_Download announcement as PDF.pdf
628050_180924 HFT press release- Huddlestock expands IaaS-offering to existing Swedish customer.pdf