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.
