OneVue plans to select an institutionally aligned minority to assist with its expansion plans.
The board and management team of the platform provider will decide on a shareholder to join the company's register by February 2012, a company announcement said.
The decision to seek an institutionally aligned shareholder stemmed from feedback from the firm's existing clients and partners as well as prospective local and offshore clients, OneVue chief executive Connie McKeage said.
"We have appointed PricewaterhouseCoopers Securities to assist in the selection process to ensure a suitable and appropriate partner is chosen," McKeage said.
"The OneVue board and management team felt it was best to have an independent third party assess the value that could be added by interested groups and through that, recommend a best-fit minority shareholder."
McKeage added an institutional shareholder would provide "further comfort to the larger global institutions, especially those in Asia".
"The larger the organisation the greater it was perceived that having an institutional brand on the register would benefit OneVue's distribution expansion plans, hence the decision by the board to proceed in acquiring a minority shareholder," she said.
