UST Acquires Modus Information Systems
October 9, 2025
UST has acquired Modus Information Systems Private Limited, a Bengaluru-based core banking implementation partner, to strengthen its core banking capabilities and expand its global financial services practice. The deal brings Modus' ~340 professionals and Finacle expertise into UST's platform to better serve banks across India and the broader Global South; financial terms were not disclosed.
- Buyers
- UST
- Targets
- Modus Information Systems Private Limited
- Industry
- IT Services
- Location
- Karnataka, India
- Transaction Type
- Buyout
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