TAS acquires Italian paytech consultancy Krisopea
Financial services software vendor TAS, via its subsidiary Global Payments, is to acquire Italian payments technology and business consulting firm Krisopea.
TAS says the deal to buy the entire share capital of Krisopea, founded in Milan in 2001, demonstrates its “acceleration in non-organic growth” driven by the group’s largest shareholder, Rivean Capital.
It is the second acquisition made by TAS in as many weeks, with the company also picking up Astro IT, a company specialised in the application management and system integration of software solutions for banking, insurance and large corporates, in late July.
Krispoea advises Italian fintechs on topics such as open banking and PSD2, digital banking and digital transformation, all of which TAS says align with its “value proposition”.
TAS CEO Valentino Bravi says the deal will boost the company’s offering and improve its customer relationships.
Fabio Bravi, TAS’ head of M&A, special projects and corporate development, adds the acquisition is “an important step” as the company looks to continue its growth.
The firm recently hired Andrew Quartermaine as its new chief operating officer (COO) and general manager of TAS International Business, as it looks to boost its growth in international markets following its acquisition by Rivean Capital.