AB Max Sievert Acquires Nasdaq’s Stake in Scila AB
Stockholm –27 September 2019
Swedish investment company AB Max Sievert has acquired a minority stake in Stockholm-based leading independent surveillance and risk technology provider Scila AB. The minority stake originated from the Nasdaq acquisition of Cinnober in early 2019. Cinnober had a minority shareholding in Scila for over 10 years before being acquired by Nasdaq.
Scila AB provides surveillance, AML and risk technology to exchanges, regulators and market participants in 20 countries around the globe.
Scila Surveillance and Scila AML are flexible real-time systems used to prevent market abuse, insider trading and money laundering. The systems include advanced alerting capabilities and data visualization tools which cover all asset classes. Scila systems utilizes advanced machine learning capabilities to classify alerts and e-communication like chats, emails and voice recordings.
Scila Risk is a modern risk solution for market participants and operators. It offers a real-time view of position valuations and portfolio risk and lets users drill down calculations all the way to the underlying market data.
“I am glad to announce this new partnership with AB Max Sievert, a shareholder with a long-term investment horizon. Over the last 11 years, we have built a strong and sustainable business based on providing best-in-class technology and customer support to the financial markets. We will now continue this journey together with AB Max Sievert. “says Lars-Ivar Sellberg, Executive Chairman and Co-Founder at Scila.
“The team at Scila has done a tremendous job in growing the company into a global leading independent provider of trading surveillance and risk solutions, while maintaining best in class customer support and technology. We are looking forward to joining them on their journey and to support Scila to the best of our abilities”, says Bo Ax:son Johnson, Investment Director at AB Max Sievert.
For more information, please contact:
Head of Sales
Phone +46 73 66 33 061
AB Max Sievert
Bo Ax:son Johnson
Phone +46 70 760 00 08
About Scila AB Scila is a FinTech company based in Stockholm, Sweden, but we act globally. Scila provides trading surveillance products built on many years of experience from both market surveillance and systems design. Scila systems use modern technology to give the customer a seamless route from detection of market abuse to presentable evidence. Scila delivers the future in modern market surveillance technology by offering trading venues, regulators and market participants the most competitive solution available.
For additional information about Scila AB, please visit www.scila.se
About AB Max Sievert Max Sievert is an active, long term owner (i.e. without an exit horizon) of well-run and profitable companies growing internationally with low financial debt. Max Sievert owns the companies together with entrepreneurs, families and management teams who have a long term view on their companies and their ownership. Scila AB is Max Sievert’s fifth portfolio company. For further information on AB Max Sievert, please see www.maxsievert.se