In an interview to Finance Magnates following the acquisition by CVC Capital, OANDA’s CEO Vatsa Narasimha said that the broker is “open” to acquiring other companies in a bid to bolster business. On Wednesday, OANDA announced the first deal: GFM Solutions Group, a provider of a host of corporate services for managing currency exposure.

“The acquisition of GFM complements our existing currency data offering by providing a comprehensive analytics solution that enables corporate clients to effectively manage their currency exposure,” Narashima explained.

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GFM is a risk management and financial reporting company. Its software offers a host of financial risk advisory software as a service (SaaS) solutions including exposure measurement and management, hedge accounting and financial reporting, financial instrument valuation and regulatory compliance and risk management policy implementation.

GFM’s Managing Director, Charles Brobst, will join OANDA as the Managing Director of its Analytics division. “OANDA’s currency data is widely regarded as the gold standard, so it made perfect sense for the GFM team to join forces in order to help clients reduce currency exposure and mitigate risk,” he commented.

OANDA has announced that the next 18 months will see additional strategic acquisitions, as part of the change of ownership to CVC Capital Partners. What’s next on the agenda for the New-York headquartered group? A hint can be found in Narashima’s July interview: “CVC’s acquisition of OANDA […] opens up a host of new strategic opportunities…which will enable us to turn our attention to driving inorganic growth around the world.”