Sterci, a financial messaging technology company, has acquired a majority shareholding in Simplex, a global transaction services provider. The acquisition represents a consolidation of the joint Sterci/Simplex Global Transaction Platform, with the two companies boasting an integrated technology stack with an installed base of over 240 banks, financial institutions and corporate customers in 19 countries with a global reach spanning four continents.
The majority 51% shareholding builds upon the 25% equity stake Sterci acquired in Simplex in 2009.
Simon Kalfon, chief executive officer (CEO) of Sterci, said: “Bringing Simplex within the Sterci Group is excellent news for both companies and allows us to better develop our market-leading unified service solution. The acquisition will bring multiple operations centres to our Global Transaction Platform and lays the foundation for the further expansion of our global customer base. Both companies have worked very well together as partners, and through acquiring a majority stake in Simplex, we are now even better placed to address global market opportunities.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.