Evertec to Acquire Controlling Stake in Tecnobank

Evertec Acquires Zunify in Costa Rica

May 22, 2024

Payments & Fintech

Evertec has acquired Zunify, the largest QR-code payment network operating in Costa Rica, taking over its client portfolio, financial permits, and technology licenses. The deal strengthens Evertec’s payments footprint in Costa Rica and Central America, bringing Zunify’s network (over 1,300 stores) and capabilities into Evertec’s regional platform.

Orion Innovation Acquires Banktech Software Services

March 9, 2023

IT Services

Orion Innovation has acquired Banktech Software Services, a Temenos core-banking implementation partner headquartered in London. The deal expands Orion's financial-services capabilities, adding Temenos implementation expertise and broader regional delivery in the UK, EMEA and APAC to support its banking, payments and wealth clients.

Bluefin Acquires TECS Payment Systems

November 1, 2022

Payments & Fintech

Bluefin, a payments security and encryption provider based in Atlanta, has acquired TECS Payment Systems, an Austria-based omnichannel payments platform provider. The deal combines Bluefin’s PCI-validated encryption and tokenization capabilities with TECS’ smartPOS, gateway and international payments capabilities to expand product functionality and global reach.

EVERTEC Acquires BBR SpA

July 1, 2022

Payments & Fintech

EVERTEC, Inc. entered into a share purchase agreement to acquire 100% of BBR SpA, a Santiago, Chile–based payments and business technology company with operations in Chile and Peru, for an aggregate purchase price of CLP 48,600 million (about USD $60 million at current exchange rates). The company later announced it has closed the previously announced BBR acquisition for an aggregate purchase price of CLP 48,600 million (approximately USD $53 million).

Cinven to acquire majority stake in Euro Techno Com Group from Carlyle

June 3, 2022

Telecommunications

Cinven has entered into exclusive negotiations to acquire a majority stake in Euro Techno Com Group (ETC Group), a France‑headquartered distributor of telecom and technology infrastructure products, from Carlyle. Founder and CEO Cédric Varasteh would retain a significant stake and Carlyle will reinvest as a minority shareholder; the Group has around 1,100 employees and generates more than €1 billion in annual revenues.

MVB Bank Acquires Majority Interest in Trabian Technology

April 19, 2021

Software

MVB Bank, a subsidiary of MVB Financial Corp., has acquired a majority interest in Trabian Technology, a software development firm that builds digital products and applications for community banks, credit unions, digital banks and fintechs. The deal strengthens MVB's fintech capabilities by adding technology expertise, a new revenue stream and talent while keeping Trabian's leadership and operations in place.