Brussels-based e-payments vendor Clear2Pay has signed an agreement to buy Integri, a local supplier of test tools and services for payments, ticketing and mobile applications. Financial terms of the deal were not disclosed.
Formed in 1992 Integri employs 45 staff at its offices in Belgium, France and the US. The firm's test tools are based on its INQ open platform, which allows users to programme simulators, write test scripts and run tests.
Clear2Pay says Integri has recently completed development of an application that allows the elaboration of test suites for Sepa credit and debit transfers.
Explaining the decision to buy Integri, Michel Akkermans, chairman and CEO, Clear2Pay, says firms are moving away from large systems overhauls and are looking to migration approaches such as "testing, benchmarking and ring-fenced early adoption processes".
"The various projects we embarked on with large financial institutions and central banks are a clear example of this," says Akkermans. "Passing vigorous tests and benchmarks made a huge difference for us during the selection process. Companies demand a clear view on efficiencies to be gained, which often make up an important part of the backbone of the business case."
Following the acquisition, Integri will become a wholly owned and autonomous business unit of Clear2Pay. Integri general manager Jan De Meester will remain with the business and become a vice president in the Clear2Pay group.