With an equity participation of 30%, ATS, a software development company, is part of the Group strategy of reinforcing the development of applications for the financial markets.

KEDRIOS
49% owned, Kedrios is the Group's specialist for design, implementation and offering of administrative, applicative and consulting services in the technology field, aimed at financial market players. Kedrios' offering of products and services ranges across three lines of business:

• outsourcing back-office services mainly for Traditional and Alternative Funds, stock investment firms, investment and private banks and depository banks, that respond to all the requirements for securities dealing and portfolio management, in individual and collective formats
• information and system services designed for financial firms dealing with corporate actions and public tender offers
• consulting services for IT applications to manage the organization and restructuring of company processes, application consultancy, feasibility studies and "turn-key" projects to support the different activities and the specific requirements of individual customers.

Kedrios also provides qualified technical and specialist personnel, through its subsidiaries.