GFT Technologies SE Acquires Sophos Solutions from Advent International

January 25, 2024

GFT Technologies SE agreed to acquire 100% of Colombia-based core banking specialist Sophos Solutions S.A.S. from Advent International, expanding GFT’s core banking, AI and cloud modernisation capabilities and boosting its presence across Latin America. The deal adds roughly 1,700 employees to GFT (increasing headcount by almost 20%) and positions GFT among the top three banking IT services providers in Latin America; the transaction was expected to close in early February 2024.

Buyers
GFT Technologies SE
Targets
Sophos Solutions S.A.S.
Sellers
Advent International
Industry
IT Services
Location
Colombia
Transaction Type
Buyout

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