Aurionpro Solutions said on Tuesday it had acquired Paris-based consultancy firm Fenixis in a cash deal worth around Rs 90 crore (10 million euros).
Fenixys provides capital markets services to leading banks and financial institutions in Europe and the Middle East.
The acquisition strengthens Mumbai-based Aurionpro’s banking and fintech strategy to expand its footprint in Europe and the Middle East, the company said in a statement.
“This acquisition is not only about expanding our offering portfolio and reach, but rather it is about synergistically merging our strengths – Aurionpro’s strong IP-led offering with Fenixys’ broad and deep domain expertise – to offer a unique, global portfolio of solutions. Banking and the capital markets industry,” said Aurionpro Chief Executive Officer Ashish Rai.
Headquartered in Paris, Fenixys has offices in the United Kingdom, Denmark and the Middle East, offering expertise in consulting, project management, enterprise architecture, and MUREX services.
“Aurionpro and Fenixys share a common vision to be the partner of choice for banks and financial institutions worldwide through our focus on innovation, excellence and customer success,” Rai added.
Aurinpro Solutions provides advanced technology solutions focusing on banking, mobility, payments, insurance, data center services and government sectors.
Shares of Aurionpro settled at Rs 1,750 per share on the BSE on Tuesday, up 1.06% from the previous close.
(With inputs from PTI.)