New Delhi, Nov 12: Banking software service provider Aurionpro Solutions Ltd today said it will acquire Integro Technologies, Singapore's leading banking products company, in an all-cash deal.
''This is a major step for us towards making Aurionpro number one banking products and services company across Asia. Integro has an excellent product portfolio with significant number of major customers across Asia Pacific region and like Aurionpro; Integro's product suite is based on J2EE architecture,'' company's Managing Director Amit Sheth said.
Commenting further Mr Sheth said, with greatly strengthened product portfolio and expanded customer offerings, the company will be able to accelerate its growth significantly across Asia and create a strong platform for launching it to Europe market next year.
Integro's product portfolio include, products in the areas of Loan origination, Collateral Management for Basel II Compliance and Internet banking.
Integro has development centres in Singapore and Malaysia and marketing offices in Thailand. Integro has product development and implementation team of over 110 people and over 20 customers across multiple countries across Asia.