LONDON, Aug 30 (Reuters) - Italy's Objectway, a software

provider serving wealth managers, private banks and life

insurers, is looking to bring in a new investor and has hired

investment bank Houlihan Lokey ( HLI ) to lead the search, two

people close to the matter said.

With earnings before interest, tax, depreciation and

amortisation of around 30 million euros ($33 million), it is

seeking a valuation of 400 million-500 million euros in the sale

of an up to 50% stake, one of the sources said.

Both Objectway and Houlihan Lokey ( HLI ) declined to comment.

Objectway was founded in 1990 by its current CEO and owner,

nuclear engineer Luigi Marciano. Headquartered in Milan, it

supplies a cloud-based IT infrastructure to clients in the

financial industry across 16 countries.

It has more than 800 staff and offices in Britain and France

as well as Brussels, Zurich, Munich, Luxembourg, Dubai and

Toronto.

It also runs a wealth-management platform dubbed 'On Cloud'

used by some 100 clients that manage more than 1 trillion euros

of assets in aggregate.

This month Five Arrows, the alternative investment arm of

Rothschild, also closed the sale of French wealth management

software company Harvest to private equity firms TA Associates

and Montagu Private Equity.

Australia's Anchorage Capital has also hired Jefferies to

sell UK wealth management platform GBST, according to a report

by The Australian.

($1 = 0.9029 euros)