French software provider Linedata, specialized in financial assets management software, said in a statement published on May 17, it will open a subsidiary in Casablanca, Morocco, to better serve Maghreb and Sub Saharan Africa.

“Linedata thus accelerates its entry into Northern African markets and Sub Saharan Africa as well. By setting shop n Casablanca, Linedata strengthen the relationship it has with its partners and clients in the region, and especially in its credit and funding businesses,” the firm said in its statement.

Linedata is a global solution provider focused on asset management, insurance and credit professionals. With clients across more than 50 countries, Linedata generated in 2015, a turnover of €172.3 million.