Aurionpro Solutions Limited (BSE: 532668) (NSE: AURIONPRO), a leading provider of technology solutions for the financial services industry, today announced its acquisition of Fenixys, a consulting firm specializing in providing capital markets services to leading 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."
Shares of Aurionpro Solutions Limited was last trading in BSE at Rs. 1731.70 as compared to the previous close of Rs. 1793.70. The total number of shares traded during the day was 3251 in over 510 trades.
The stock hit an intraday high of Rs. 1842.70 and intraday low of 1727.45. The net turnover during the day was Rs. 5728047.00. |
