Aurionpro Expands Into Europe With Acquisition Of Fenixys In All-cash Deal
Aurionpro Solutions, a technology solutions provider for the
financial services industry, acquires Fenixys, a consulting firm specialising
in providing capital markets services to banks and financial institutions
across Europe and the Middle East. This strategic acquisition strengthens
Aurionpro's banking and fintech strategy to expand its footprint in Europe and
the Middle East.
The transaction comprises an all-cash deal for the acquisition
of the entire stake in Fenixys for a total of 10 million euros. This
acquisition allows Aurionpro to continue its geographical expansion into Europe
by leveraging Fenixys' experience of over 10 years in partnering with financial
institutions undertaking IT transformations, as well as their deep
relationships with major banks across Europe and the Middle East.
Fenixys, headquartered in Paris with offices in the United
Kingdom, Denmark, and the Middle East, is highly regarded for its expertise in
advisory, project management, enterprise architecture, and MUREX services. With
Aurionpro's existing portfolio of banking and fintech solutions, Fenixys
significantly augments its offerings while continuing to provide strategic
advisory and solutions for challenges in the capital markets sectors.
"Aurionpro and Fenixys share a common vision towards
becoming a partner of choice for global banks and financial institutions
through our focus on innovation, excellence, and client success," stated
Ashish Rai, CEO of Aurionpro. "This acquisition is not just about
expanding our offering portfolio and reach, but rather it is about
synergistically merging our strengths—Fenixys’ extensive and deep domain
expertise with Aurionpro’s strong IP-led offering— to offer a unique, global
portfolio of solutions for the banking and capital markets industry. We are
excited to explore the potential this combination unlocks for our clients
globally and to reinforce Aurionpro's expansion into Europe," he added.
Eric Rosso, Founder and CEO of Fenixys, expressed his
enthusiasm, stating, "Joining forces with Aurionpro heralds a new chapter
for Fenixys. This collaboration fuels our shared ambition to set a new standard
of excellence in banking and capital market services. We are now uniquely
positioned to create significant value for clients on a global scale."
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