Transaction Systems Architects buys Malaysia's Stratasoft

Transaction Systems Architects buys Malaysia's Stratasoft

US EFT firm Transaction Systems Architects (TSA) has acquired Stratasoft, the distributor of its ACI electronic payments software in Malaysia. Financial terms of the deal were not disclosed.

Kuala Lumpur-based Stratasoft was founded in 1994 and has been an ACI distributor in Malaysia since 1995.

Stratasoft's customers include seven of the ten commercial banks in Malaysia, as well as the country's only government bank.

Jeremy Wilmot, president of Asia Pacific for TSA's ACI Worldwide subsidiary, says the acquisition of Stratasoft is consistent with ACI's strategy of establishing direct distribution channels in selected markets in Asia where rapid growth in electronic payments is expected.

"Stratasoft's people have strong skills in electronic payments and, in particular, the IBM mainframe environment, which will enhance our relationships in the Asia Pacific region and assist us in capturing incremental growth opportunities," says Wilmot. "With Stratasoft's presence in Malaysia, it will also provide a platform for ACI to expand its professional services in South East Asia."

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