Sterci announces acquisition of majority shareholding in Simplex
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LONDON, 18 January 2011: Sterci, the international leader in financial messaging technology, announced today that it has acquired a majority shareholding in Simplex, the market leading global transaction services provider.
The acquisition represents a powerful consolidation of the joint Sterci/Simplex Global Transaction Platform, with the two companies boasting a seamlessly integrated technology stack with an installed base of over 240 banks, financial institutions and corporate customers in 19 countries with a global reach spanning four continents.
The majority 51% shareholding builds upon the 25% equity stake Sterci acquired in Simplex in 2009. Simplex was the first independent SWIFT Service Bureau in the UK and is the major ‘white-label’ managed payments service provider to two of the largest global banks, HSBC and RBS. With over 25 years experience in financial messaging, Sterci is an international leader in the development of service-oriented architecture software products for straight through processing. Sterci/Simplex Global Transaction Platform has operations centres in London, Geneva, Paris, Toronto, New York and Singapore.
Simon Kalfon, Chief Executive Officer of Sterci, said “Bringing Simplex within the Sterci Group is excellent news for both companies and allows us to better develop our market-leading unified service solution. The acquisition will bring multiple operations centers to our Global Transaction Platform and lays the foundation for the further expansion of our global customer base. Both companies have worked very well together as partners, and through acquiring a majority stake in Simplex, we are now even better placed to address global market opportunities.”
Philip Walsh, Chief Executive Officer of Simplex said “This transaction is the logical development of our ever closer working relationship with Sterci. This more formal combination of Simplex with Sterci considerably enhances our ability to deliver innovative and superior compliance solutions and transaction services to the world's largest and most demanding customers.”
About Simplex / Sterci
Simplex (www.simplexsolutions.net) was incorporated in 1997 and quickly became a leading European consultancy for Straight Through Processing and business process re-engineering, in both banking and securities. In 2004 Simplex launched the UK's first independent SWIFT Service Bureau and building on this, the company created a sophisticated global transaction processing platform based on best-of-breed solutions.
Sterci (www.sterci.com) is an international leader in the development of service- oriented architecture software products for Straight Through Processing. With over 25 years of experience in financial messaging, Sterci's best-of-class solutions include a full suite of reconciliation and management services for financial data.
Founded on the most sophisticated and robust value-added SWIFT service bureau in Europe, Simplex and Sterci are trusted global transaction platform providers. The two entities boast a seamlessly integrated technology stack with an installed base of over 240 banks, financial institutions and corporate customers in 19 countries with a global reach spanning four continents.
Simplex/Sterci GTP has operations centres in London, Geneva, Paris, Toronto, New York and Singapore.
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