Meritsoft

What Meritsoft does

Meritsoft is a post-trade automation software provider for capital markets, operating as a wholly-owned subsidiary of Cognizant Technology Solutions Corporation (Nasdaq: CTSH). Founded in 2003 and headquartered in Dublin with primary operations centered in London, the company serves 7 of the top 10 global investment banks plus leading custodians and asset managers. Its product suite addresses the full post-trade workflow: Trade Tracking and Exception Manager (TTEM) for settlement efficiency, Interest Claims Manager, CSDR Manager for penalty processing, Transaction Tax Manager, Trade Expense Management (Brokerage Manager), Asset Servicing Claims Management, and CSA and Research Billing. All products run on a next-generation, cloud-ready, API-first platform launched in October 2023, built on .NET Core with a ReactJS front-end, containing over 100 modules and integrating with more than 170 external interfaces via REST APIs, Redis caching, and event-driven messaging (RabbitMQ/Kafka/Solace).

The company's technology stack supports on-premise, private cloud, and public cloud deployments, with Microsoft Azure as a key infrastructure partner. In March 2024, Meritsoft introduced AI-enabled predictive analytics within TTEM that forecast settlement status at trade ingestion using machine learning models trained on historical settlement data. In June 2025, the company co-launched EasyFocus+ with Euroclear and Taskize—an AI-powered T+1 settlement platform on Microsoft cloud covering over 60% of EU settlement—embedding its Instruction Tracking and Exception Management (ITEM) solution into Euroclear's market infrastructure.

Meritsoft generates revenue through enterprise software licenses and subscriptions (on-premise and cloud-hosted deployments) plus professional services for implementation, configuration, and integration. The go-to-market is direct enterprise sales targeting back-office operations, technology, and compliance functions at large financial institutions, supplemented by industry conference presence (ISITC, SIFMA, The Network Forum, PostTrade 360°, AFME OPTIC) and content marketing. Pricing is quote-based and not publicly disclosed. The company benefits from Cognizant's global delivery infrastructure while maintaining a specialized capital-markets identity under the 'Meritsoft, a Cognizant company' brand.

Name

Meritsoft

Legal name

Meritsoft

Website

https://meritsoft.com

Company type

Private

Founded year

2003

Operating status

Operating

Short description

Meritsoft provides post-trade automation software for capital markets, serving 7 of the top 10 global investment banks and major custodians with settlement, claims, CSDR penalty, tax, and trade expense solutions on a cloud-ready, API-first platform. It operates as a wholly-owned Cognizant subsidiary.

Ownership category

akta.pro rank

Product category

Post-Trade Automation Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

akta.pro primary industry

Reconciliations, Confirmations & Exception Management (FSAFALAG)

Keywords

• Post-trade automation
• Settlement efficiency software
• Regulatory compliance technology
• Trade expense management
• Interest claims management

Headquarters

HQ city

Dublin

HQ country

Ireland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Enterprise Software Licenses and Subscriptions: Meritsoft provides post-trade automation software to financial institutions including investment banks, custodians, and asset managers. The software is delivered as on-premise or cloud-hosted solutions, suggesting a combination of perpetual license and subscription/maintenance revenue.
2. Professional Services: Implementation, configuration, and integration services delivered by Meritsoft's experienced team, as described in case studies of client deployments.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Meritsoft provides automated post-trade processing software for capital markets, covering trade settlement exception management, interest claims, CSDR penalty processing, financial transaction tax compliance, brokerage and trade expense management, asset servicing claims, and CSA/research billing. Its solutions are delivered to global investment banks, custodians, asset managers, and broker-dealers through a cloud-ready, API-first platform with 100+ modules and 170+ external integrations. The company operates as a wholly-owned subsidiary of Cognizant Technology Solutions Corporation.

Product overview

Meritsoft offers a comprehensive suite of post-trade automation solutions organized as a modular platform. The core offerings include Trade Tracking and Exception Manager (TTEM) for settlement efficiency, Interest Claims Manager, CSDR Manager for penalty processing, Transaction Tax Manager, Trade Expense Management, Asset Servicing Claims Management, and CSA and Research Billing. All products are built on a next-generation, cloud-ready, API-first technology platform launched in October 2023, which contains over 100 modules for post-trade processing and supports more than 170 external integrations. The platform enables seamless workflow interoperability and real-time processing. Recent additions include the AI-powered EasyFocus+ platform (June 2025) developed in partnership with Euroclear and Taskize, which integrates ITEM solution with predictive analytics capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• ITEM (Instruction Tracking and Exception Management): Meritsoft's solution integrated into Euroclear's EasyFocus+ platform for tracking and exception management of settlement instructions.
• TTEM (Trade Tracking and Exception Manager)
• CSDR Manager
• Interest Claims Manager
• Transaction Tax Manager
• Brokerage Manager
• CSA and Research Billing
• Asset Servicing Claims Management

Products and services

• Trade Tracking and Exception Manager (TTEM) Fully cross-asset class platform providing near real-time trade matching and settlement status updates, enabling operations teams to identify at-risk trades and intervene before market deadlines. Includes an AI-enabled predictive analytics module for forecasting settlement statuses and prioritizing exceptions.
• Interest Claims Manager End-to-end automated platform for managing interest claims on transactions matched after market cutoff. Automatically identifies the party at fault, calculates appropriate interest costs, and manages the claim lifecycle from fault attribution through to settlement, including counterparty communication and trend analysis.
• CSDR Penalties Processing (CSDR Manager) Intelligent automation for processing CSDR settlement failure penalties, including rules-based decision trees for automated penalty ownership determination and allocation, penalty forecasting, 360-degree balance sheet transparency, and real-time analytics.
• Transaction Tax Management (Transaction Tax Manager) Solution for managing workflow, regulatory compliance, payment, settlement, and recovery of financial transaction taxes including French, Spanish and Italian FTTs, withholding taxes, 305c and 871m. Automates identification of in-scope and exonerated trades and facilitates tax calculation, declaration, client invoicing, and reclaims.
• Trade Expense Management (Brokerage Manager) Automation solution for digitizing data, automating invoice receipt, and tracking financial flows across all brokerage, clearing, and exchange fees. Provides global rate card management, rules-based STP for daily accruals, strategy identification, complex trade-level fee calculation, reconciliation, exception management, and payment processing.
• Asset Servicing Claims Management API-first solution for managing coupon and dividend claims operations, automating claims issuance, matching, and payment processes. Includes real-time dashboards for prioritizing work, integrated inter-company matching tool, and integration with Taskize collaboration tools.
• CSA and Research Billing Platform for tracking CSA execution and research commissions, enabling brokers to digitize and automate CSA and research management obligations. Facilitates MiFID II research unbundling compliance via a fully digitized, auditable, and transparent platform with a consolidated global view and client portal.
• Next-Generation Post-Trade Automation Platform Cloud-ready, API-first technology platform underlying Meritsoft's product suite, featuring over 100 modules for post-trade processing, 170+ external integrations, microservices architecture, and support for on-premise, private cloud, and public cloud deployments.
• Instruction Tracking and Exception Management (ITEM) Meritsoft's instruction tracking and exception management solution integrated into Euroclear's EasyFocus+ AI-powered platform, providing predictive analytics and real-time exception resolution across Euroclear CSDs covering over 60% of EU settlement.

Quantifiable outcome

• Headcount reduction from 14 to 4 for interest claims management as volumes returned to 2000s levels
• +4 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability5 records

Feature9 records

Partnerships

Two partnerships are on record, tiered core.

• EuroclearcoreStrategic or Co-development Partner · 16 June 2025Euroclear has partnered with Meritsoft (a Cognizant business) and Taskize to launch EasyFocus+, an AI-powered platform built on Microsoft cloud that enhances T+1 settlement efficiency across European Central Securities Depositories covering over 60% of EU settlement. The platform integrates Meritsoft's Instruction Tracking and Exception Management (ITEM) solution with Taskize's collaboration platform to provide real-time data, consolidated views, and automated exception resolution. This is a strategic collaboration where Meritsoft's technology is a core component of Euroclear's next-generation AI service offering.
• TaskizecoreTechnology or Integration · 23 May 2024Meritsoft integrated Taskize's collaboration and workflow functionality into its cross-asset Trade Tracking and Exception Manager (TTEM) to enable faster query resolution and minimize trade settlement fails. The integration allows TTEM users to initiate trade settlement queries that simultaneously create secure workspaces (Bubbles) in the Taskize platform, connecting users to the most appropriate counterparty contacts via Taskize's Smart Directory. AI-enabled features of TTEM automate Taskize Bubble creation based on pre-defined rules.

Scale indicators6 records

Recent moves1 record

Expansion highlights5 records

Broad incumbents

• ION Group: ION provides mission-critical trading and post-trade workflow solutions to capital markets participants through acquired product platforms. Comparable as a financial technology incumbent with overlapping post-trade and regulatory technology offerings for investment banks.
• Murex: Murex provides integrated capital markets software including trading, risk, and post-trade processing for sell-side institutions. Comparable as a long-established capital markets platform vendor competing for the same Tier 1 investment bank IT budgets.
• Finastra: Finastra provides capital markets, retail banking, and treasury software solutions to financial institutions globally. Comparable as a broad incumbent whose capital markets platform includes post-trade, securities processing, and regulatory reporting functionality.
• FIS (Fidelity National Information Services): FIS provides capital markets software including post-trade processing, securities processing, and investment accounting to banks and broker-dealers. Comparable as a broad incumbent with significant post-trade overlap, particularly through its Capital Markets Software segment.
• SS&C Technologies: SS&C provides software and services for financial services including post-trade, fund administration, and regulatory reporting. Comparable as a broad financial software incumbent serving similar institutional client segments with overlapping post-trade capabilities.
• Broadridge Financial Solutions: Broadridge is a global fintech leader in post-trade processing, securities processing, and regulatory reporting for investment banks and broker-dealers. Comparable as a large-scale incumbent in the same post-trade and regulatory technology category where Meritsoft operates.
• Itiviti: Itiviti (now part of Broadridge) provides capital markets trading and post-trade technology to banks and asset managers. Directly comparable as a post-trade automation platform serving investment banks, though with a broader front-to-back-office scope than Meritsoft's post-trade specialization.

Emerging players

• Cappitech: Cappitech provides regulatory reporting and transaction reporting solutions to financial firms. Comparable as an emerging specialist in financial regulatory technology, with overlapping scope in MiFID II and cross-border reporting but a narrower product footprint than Meritsoft.

Direct peers

• Vermilion Software: Vermilion provides client reporting and post-trade regulatory reporting software to investment banks, asset managers, and custodians. Directly comparable niche competitor focused on post-trade client communications and regulatory reporting workflows.
• Calypso Technology: Calypso offers a cross-asset capital markets platform with strong post-trade, settlement, and collateral management functionality for banks and asset managers. Most direct functional competitor to Meritsoft's TTEM and post-trade automation stack.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/merit-software

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Meritsoft