Vipera acquires Madrid-based SoftTelecom
27 July 2017 | 2130 views | 0
Vipera plc (AIM:VIP), the cutting edge provider of mobile financial services and digital customer engagement solutions, is pleased to announce that it has exchanged contracts to acquire SoftTelecom, a software solutions house based in Madrid.
SoftTelecom serves clients in banking and payment services (including real time payments) and in telecommunications. Its solutions are primarily focused around payment technology and point of sale developments. The company has customers in Spain, the Netherlands and UK.
SoftTelecom focuses on leading edge, open source technologies with current projects including PSD2 (the Second Payments Services Directive) and blockchain developments.
Commenting on the acquisition, Chief Executive Officer of Vipera, Marco Casartelli said: “Our acquisition of SoftTelecom allows us to strengthen the sales resource dedicated to the Spanish market and to widen our product development in areas such as PSD2 and blockchain solutions. We are encouraged by SoftTelecom’s strong growth and look forward to integrating the business and welcoming the team to the wider Vipera group”.