Acquisition of Solution Services strengthens Aite Group's position in Asia-Pacific
Boston, New York, and Tokyo, July 18, 2013 – Aite Group, a leading financial services research and advisory firm, today announces its acquisition of Japanese market consultancy company Solution Services Inc. Solution Services provides financial and IT industry information, news distribution, and consulting services for Japanese clients.
Solution Services has worked with Aite Group for six years, reproducing information from research reports written by Aite Group analysts for Japanese financial services clients. The relationship allows Japanese organizations to gain increasing intelligence on financial technology-related research in the United States and internationally.
Many Japanese clients of Aite Group also use Solution Services to translate complete Aite Group reports for use in the Japanese markets, and they work with both companies on consulting projects.
"The acquisition of Solution Services gives Aite Group far greater direct access to clients in the Japanese market. It is highly respected in the Japanese financial services industry, not only for providing Aite Group reports in Japanese, but also for working with Japanese companies to determine the impact of Aite Group's research for them. In addition, Solution Services' news-distribution services to Japanese organizations are of great strategic value to Aite Group as we continue our rapid expansion into the Asia-Pacific region," says Frank Rizza, chief operating officer at Aite Group.
"Our existing relationship with Aite Group has proved of enormous value for Japanese-based companies looking for strategic advice on IT, business, and regulatory issues in the financial services industry. This has led to a number of joint consulting projects in Japan, and it now makes commercial sense for both companies to integrate operations as part of the acquisition so that financial services companies in the region will benefit further," says Susumu Suzuki, CEO of Solution Services Inc.
About Aite Group
Aite Group is an independent research and advisory firm focused on business, technology, and regulatory issues and their impact on financial services. With expertise in banking, payments, securities & investments, and insurance, Aite Group's analysts deliver advice to key market participants in financial services.
About Solution Services Inc.
Founded in 2005, Solution Services provides representative agency services to Japanese and Asia-Pacific based financial services companies. These include consultancy services as well as translated Aite Group reports. It also has a news distribution service across Japan that reports on trends in financial services internationally.