{"id":2920,"date":"2025-05-06T12:23:00","date_gmt":"2025-05-06T11:23:00","guid":{"rendered":"https:\/\/www.praxonomy.com\/blog\/?p=2920"},"modified":"2025-05-06T13:52:36","modified_gmt":"2025-05-06T12:52:36","slug":"formidium-acquires-assets-of-praxonomy-ltd-strengthening-corporate-services-offering","status":"publish","type":"post","link":"https:\/\/www.praxonomy.com\/blog\/formidium-acquires-assets-of-praxonomy-ltd-strengthening-corporate-services-offering\/","title":{"rendered":"Formidium Acquires Assets of Praxonomy Ltd, Strengthening Corporate Services Offering"},"content":{"rendered":"\n<p><strong>CHICAGO, May 01, 2025&nbsp;<\/strong>&#8211; Formidium UK Ltd., a wholly owned subsidiary of Formidium Corp., a global leader in fund administration solutions and technology, has successfully acquired assets of Praxonomy Ltd. This strategic acquisition aims to strengthen Formidium\u2019s&nbsp;<a href=\"https:\/\/formidium.com\/corporate-services\/\">corporate services<\/a>&nbsp;portfolio by integrating Praxonomy\u2019s flagship cloud-based board management solution,&nbsp;<strong>Boardlogic<\/strong>.<\/p>\n\n\n\n<p>Praxonomy, a UK-based software company, specialized in optimizing board governance through secure, intuitive, and efficient technology. Its primary product,&nbsp;<strong>Boardlogic<\/strong>, is a purpose-built collaboration platform designed exclusively for boards of directors. The platform facilitates seamless meeting management, secure document sharing, real-time communication, and informed decision-making, all within a highly secure and cost-effective environment. Praxonomy\u2019s user-friendly approach ensures easy adoption, helping boards enhance governance, efficiency, and compliance.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.linkedin.com\/in\/nitin-somani-cfa-0a87b062\/\" target=\"_blank\" rel=\"noreferrer noopener\">Nitin Somani<\/a>, Founder &amp; CEO of Formidium, commented, \u201cWe have had a strong relationship with Praxonomy as a customer for many years, and we are thrilled to integrate it into our product portfolio. This acquisition enhances our technology offerings and strengthens our global presence in board management solutions, supported by an exceptional team.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.linkedin.com\/in\/jayshaw\/\" target=\"_blank\" rel=\"noreferrer noopener\">Jay M. Shaw<\/a>, Co-founder &amp; CEO of Praxonomy Ltd, added, \u201c Formidium\u2019s asset acquisition marks an exciting milestone for Boardlogic, offering a unique opportunity to connect with a global audience and access its existing client base. With the support of a larger organization, Boardlogic will gain increased visibility, enhanced marketability, and the ability to scale more effectively.\u201d<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>About Formidium<\/strong><\/h5>\n\n\n\n<p>Formidium is one of the leading fund administrators globally serving alternatives funds. Since 2016, the firm has built a global presence with offices in the U.S., India, Canada, Singapore and UK, supporting over 600 clients, over 1,700 multi-asset funds, and managing $28B+ in assets under administration (AUA) across 25+ jurisdictions.<\/p>\n\n\n\n<p>Formidium\u2019s proprietary technology solutions provide unparalleled flexibility to meet bespoke client needs, far exceeding off-the-shelf systems. The firm delivers comprehensive services to alternative investment funds globally, including Net Asset Value (NAV) reporting, year-end tax and financial reporting, cross-currency integration, and full compliance support. It\u2019s cloud-native, scalable SaaS platform enables automated workflows, real-time data access, and modular capabilities for seamless growth.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Media Contact<\/strong><\/h5>\n\n\n\n<p><a href=\"mailto:marketing@formidium.com\">marketing@formidium.com<\/a><\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Formidium UK Ltd., a wholly owned subsidiary of Formidium Corp., a global leader in fund administration solutions and technology, has successfully acquired assets of Praxonomy Ltd&#8230;<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":10,"featured_media":193,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Formidium Acquires Assets of Praxonomy Ltd, Strengthening Corporate Services Offering - The Boardlogic Blog | News, Updates, Industry Insights and Best Practices.<\/title>\n<meta name=\"description\" content=\"Formidium UK Ltd., a wholly owned subsidiary of Formidium Corp., a global leader in fund administration solutions and technology, has successfully acquired assets of Praxonomy Ltd.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.praxonomy.com\/blog\/formidium-acquires-assets-of-praxonomy-ltd-strengthening-corporate-services-offering\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Formidium Acquires Assets of Praxonomy Ltd, Strengthening Corporate Services Offering - The Boardlogic Blog | News, Updates, Industry Insights and Best Practices.\" \/>\n<meta property=\"og:description\" content=\"Formidium UK Ltd., a wholly owned subsidiary of Formidium Corp., a global leader in fund administration solutions and technology, has successfully acquired assets of Praxonomy Ltd.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.praxonomy.com\/blog\/formidium-acquires-assets-of-praxonomy-ltd-strengthening-corporate-services-offering\/\" \/>\n<meta property=\"og:site_name\" content=\"The Boardlogic Blog | News, Updates, Industry Insights and Best Practices.\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-06T11:23:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-06T12:52:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.praxonomy.com\/blog\/wp-content\/uploads\/2020\/12\/hubspot-digital-transformation-and-board-leadership.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1932\" \/>\n\t<meta property=\"og:image:height\" content=\"1230\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Praxonomy\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Praxonomy\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.praxonomy.com\/blog\/formidium-acquires-assets-of-praxonomy-ltd-strengthening-corporate-services-offering\/\",\"url\":\"https:\/\/www.praxonomy.com\/blog\/formidium-acquires-assets-of-praxonomy-ltd-strengthening-corporate-services-offering\/\",\"name\":\"Formidium Acquires Assets of Praxonomy Ltd, Strengthening Corporate Services Offering - The Boardlogic Blog | News, Updates, Industry Insights and Best Practices.\",\"isPartOf\":{\"@id\":\"https:\/\/www.praxonomy.com\/blog\/#website\"},\"datePublished\":\"2025-05-06T11:23:00+00:00\",\"dateModified\":\"2025-05-06T12:52:36+00:00\",\"author\":{\"@id\":\"https:\/\/www.praxonomy.com\/blog\/#\/schema\/person\/f47bd3572a228e962b0cdeb97fc80ad0\"},\"description\":\"Formidium UK Ltd., a wholly owned subsidiary of Formidium Corp., a global leader in fund administration solutions and technology, has successfully acquired assets of Praxonomy Ltd.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.praxonomy.com\/blog\/formidium-acquires-assets-of-praxonomy-ltd-strengthening-corporate-services-offering\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.praxonomy.com\/blog\/formidium-acquires-assets-of-praxonomy-ltd-strengthening-corporate-services-offering\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.praxonomy.com\/blog\/formidium-acquires-assets-of-praxonomy-ltd-strengthening-corporate-services-offering\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.praxonomy.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Formidium Acquires Assets of Praxonomy Ltd, Strengthening Corporate Services Offering\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.praxonomy.com\/blog\/#website\",\"url\":\"https:\/\/www.praxonomy.com\/blog\/\",\"name\":\"The Boardlogic Blog | News, Updates, Industry Insights and Best Practices.\",\"description\":\"The official blog for news, updates, industry insights and best practices from Boardlogic by Formidium \u2014 board meeting management software\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.praxonomy.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.praxonomy.com\/blog\/#\/schema\/person\/f47bd3572a228e962b0cdeb97fc80ad0\",\"name\":\"Praxonomy\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.praxonomy.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/007a118efb09e3772832a512b1b52fde?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/007a118efb09e3772832a512b1b52fde?s=96&d=mm&r=g\",\"caption\":\"Praxonomy\"},\"url\":\"https:\/\/www.praxonomy.com\/blog\/author\/praxonomy\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Formidium Acquires Assets of Praxonomy Ltd, Strengthening Corporate Services Offering - The Boardlogic Blog | News, Updates, Industry Insights and Best Practices.","description":"Formidium UK Ltd., a wholly owned subsidiary of Formidium Corp., a global leader in fund administration solutions and technology, has successfully acquired assets of Praxonomy Ltd.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.praxonomy.com\/blog\/formidium-acquires-assets-of-praxonomy-ltd-strengthening-corporate-services-offering\/","og_locale":"en_GB","og_type":"article","og_title":"Formidium Acquires Assets of Praxonomy Ltd, Strengthening Corporate Services Offering - The Boardlogic Blog | News, Updates, Industry Insights and Best Practices.","og_description":"Formidium UK Ltd., a wholly owned subsidiary of Formidium Corp., a global leader in fund administration solutions and technology, has successfully acquired assets of Praxonomy Ltd.","og_url":"https:\/\/www.praxonomy.com\/blog\/formidium-acquires-assets-of-praxonomy-ltd-strengthening-corporate-services-offering\/","og_site_name":"The Boardlogic Blog | News, Updates, Industry Insights and Best Practices.","article_published_time":"2025-05-06T11:23:00+00:00","article_modified_time":"2025-05-06T12:52:36+00:00","og_image":[{"width":1932,"height":1230,"url":"https:\/\/www.praxonomy.com\/blog\/wp-content\/uploads\/2020\/12\/hubspot-digital-transformation-and-board-leadership.jpg","type":"image\/jpeg"}],"author":"Praxonomy","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Praxonomy","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.praxonomy.com\/blog\/formidium-acquires-assets-of-praxonomy-ltd-strengthening-corporate-services-offering\/","url":"https:\/\/www.praxonomy.com\/blog\/formidium-acquires-assets-of-praxonomy-ltd-strengthening-corporate-services-offering\/","name":"Formidium Acquires Assets of Praxonomy Ltd, Strengthening Corporate Services Offering - The Boardlogic Blog | News, Updates, Industry Insights and Best Practices.","isPartOf":{"@id":"https:\/\/www.praxonomy.com\/blog\/#website"},"datePublished":"2025-05-06T11:23:00+00:00","dateModified":"2025-05-06T12:52:36+00:00","author":{"@id":"https:\/\/www.praxonomy.com\/blog\/#\/schema\/person\/f47bd3572a228e962b0cdeb97fc80ad0"},"description":"Formidium UK Ltd., a wholly owned subsidiary of Formidium Corp., a global leader in fund administration solutions and technology, has successfully acquired assets of Praxonomy Ltd.","breadcrumb":{"@id":"https:\/\/www.praxonomy.com\/blog\/formidium-acquires-assets-of-praxonomy-ltd-strengthening-corporate-services-offering\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.praxonomy.com\/blog\/formidium-acquires-assets-of-praxonomy-ltd-strengthening-corporate-services-offering\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.praxonomy.com\/blog\/formidium-acquires-assets-of-praxonomy-ltd-strengthening-corporate-services-offering\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.praxonomy.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Formidium Acquires Assets of Praxonomy Ltd, Strengthening Corporate Services Offering"}]},{"@type":"WebSite","@id":"https:\/\/www.praxonomy.com\/blog\/#website","url":"https:\/\/www.praxonomy.com\/blog\/","name":"The Boardlogic Blog | News, Updates, Industry Insights and Best Practices.","description":"The official blog for news, updates, industry insights and best practices from Boardlogic by Formidium \u2014 board meeting management software","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.praxonomy.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/www.praxonomy.com\/blog\/#\/schema\/person\/f47bd3572a228e962b0cdeb97fc80ad0","name":"Praxonomy","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.praxonomy.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/007a118efb09e3772832a512b1b52fde?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/007a118efb09e3772832a512b1b52fde?s=96&d=mm&r=g","caption":"Praxonomy"},"url":"https:\/\/www.praxonomy.com\/blog\/author\/praxonomy\/"}]}},"modified_by":"Tim Gilkison","_links":{"self":[{"href":"https:\/\/www.praxonomy.com\/blog\/wp-json\/wp\/v2\/posts\/2920"}],"collection":[{"href":"https:\/\/www.praxonomy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.praxonomy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.praxonomy.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.praxonomy.com\/blog\/wp-json\/wp\/v2\/comments?post=2920"}],"version-history":[{"count":2,"href":"https:\/\/www.praxonomy.com\/blog\/wp-json\/wp\/v2\/posts\/2920\/revisions"}],"predecessor-version":[{"id":2922,"href":"https:\/\/www.praxonomy.com\/blog\/wp-json\/wp\/v2\/posts\/2920\/revisions\/2922"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.praxonomy.com\/blog\/wp-json\/wp\/v2\/media\/193"}],"wp:attachment":[{"href":"https:\/\/www.praxonomy.com\/blog\/wp-json\/wp\/v2\/media?parent=2920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.praxonomy.com\/blog\/wp-json\/wp\/v2\/categories?post=2920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.praxonomy.com\/blog\/wp-json\/wp\/v2\/tags?post=2920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}