Apax to buy software business of 3i Infotech for Rs 1,000 crore
We'll soon meet in your inbox. Please wait... The company’s board met on Monday to finalise the transaction.ET broke the story online before the official announcement. The software business focuses on core BFSI, with clients in the Middle East, Southeast Asia and India growing at a 6-8% CAGR. It has a core insurance platform called Premia, a core lending platform for banks and NBFCs called Kastle, an anti-money laundering application called AM Lock, a core fund management application called MFund, and ERP software application called Orion, among others. “Increasing technology spend on cor...
Source: indiatimes.com