Fintech
Panamax Inc., a Bankai Company, makes a Strategic Move for its Core Banking Solution: Acquires Acute Informatics
Panamax Inc., a Bankai Company and global Fintech development leader, recently announced that they had acquired Acute Informatics, an enterprise Digital Core Banking solution and IT Consulting company in Ahmedabad. The acquisition is aimed at empowering Panamax’s digital finance solutions and offering digital core banking solutions globally.
The acquisition is vital to getting the right teams together and bringing on a cohesive group of experts to offer enhanced digital finance solutions to millions of users globally. Panamax has invested in a state-of-the-art office to build a Digital Core Banking Centre-of-Excellence (CoE) for 500+ employees of Acute Informatics and cater to the needs of 120+ global customers.
“We are excited to acquire Acute Informatics; it’s a strategic move to expand our horizons and offer core banking solution in the international space. The acquisition will embark growth and success as the company has a strong track record of innovation, execution, operational excellence, and developing teams that drive results.” – Bankim Brahmbhatt, President & CEO, Panamax Inc.
“We are happy to join Panamax Inc. – the telecom and fintech industry leader for the last three decades. The merger will help our company expand footprints globally, drive excellence, and scale our business.” – Chirag Patel, CEO, Acute Informatics.
The acquisition is expected to result in greater efficiencies in the Digital core banking ecosystem and significantly increase the market share of the company.