16 August 2017
visit www.avoka.com

Sopra Steria raises its stake in Cassipae to 100%

27 January 2017  |  2138 views  |  0 Source: Sopra

Sopra Steria (SOP.PA) (Euronext Paris: SOP), a European leader in digital transformation, announced today that it had raised its stake in Cassiopae’s holding company KSEOP to 100% through its subsidiary Sopra Banking Software.

Sopra Banking Software had previously acquired 75% of KSEOP, and had planned to acquire the remaining shares by 2020.

Confirming the strategic interest of a tie-up between the two companies, today the various stakeholders finalised Sopra Banking Software’s acquisition of 25% of KSEOP’s share capital, which until then had been held by its historic shareholders. The already-promising synergies generated by the integration will gain further momentum.

Cassiopae, a leading developer of specialised finance and property management solutions, substantially bolsters Sopra Banking Software’s position as a benchmark operator in the market for dedicated financial services software.

More generally, this transaction enables Sopra Steria to pursue its growth targets in the banking and software development sector, two of the Group’s top growth priorities for the upcoming financial years.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.dorsum.euvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
hands typing furiouslyBI and Analytics - A New Perspective
10900 views 0 | 2 tweets | 12 linkedin
Coinbase raises $100mCoinbase raises $100m
9978 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9357 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9038 views comments | 8 tweets | 15 linkedin
HSBC automates documentary trade processing with IBMHSBC automates documentary trade processin...
8194 views comments | 6 tweets | 21 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job