Qualco and Neurosoft announce the completion of the transactions related to the acquisitions of two Neurosoft subsidiaries by Qualco.
Specifically, Qualco has acquired 100% of the shares of “TensorFin Single Member SA” as well as 100% of “Daedalus Technologies FZE”, which are active in the field of Supply Chain Finance and provide integrated technological solutions, combining the production of specialized software with the provision of consulting services and covering all the established models of financing invoices and receivables from Banks and Financial Institutions.
These companies operate in Greece, Cyprus, the United Arab Emirates, the Middle East, Asia and North Africa, and emerged after the spin-off of the ‘Fintech & Analytics’ commercial sector of Neurosoft.
Qualco will integrate in its Technology sector all the commercial and operational structures of the above sector.
Specifically, Qualco will now have in its quiver the ‘Proxima +’ platform consisting of the Proxima Backoffice, Tesla Radius, Ergodicity and self-on boarding modules, as well as the Confirm platform which is based on Open Blockchain (Hyperledger fabric) technology. Combined, the two platforms fully cover the area of Supply Chain Finance and offer competitive solutions with incomparable advantages in this market.
“In an ever-changing financial landscape where the need for liquidity is overwhelming, businesses are looking for innovative technological capabilities,” said Spyros Retzekas, Managing Director of Qualco. By adding the Proxima + and Confirm platforms to our portfolio, we now provide our customers internationally with integrated solutions in the wider field of credit management, based on leading products with a strong technological background and deep knowledge of Business combined with AI and Advanced Analytics capabilities. ”
“The completion of today’s agreement is the culmination of the two companies’ commitment to a common goal, that of business excellence in the interests of the customer, the employee and the shareholder. We are confident that the Fintech Business Unit, which was part of its product portfolio “Neurosoft for over 20 years, not only will fully and effectively integrate with other Qualco products but will complete its solutions and contribute to the coherence of technological innovations to customers. We wish you every success in this new beginning!” said Nontas Paschalidis, CEO of Neurosoft.
“I’m confident that today ‘s business milestone will be crucial to Tensorfin’ s evolution and bring multiplier benefits to all partners. processes and systems, oversee 25 installations spanning 3 continents and applying all state-of-the-art technological approaches.The integration of the team into Qualco’s mature operating framework is fully in line with the strategy and dynamics of both parties and is sure to lead to in a noble and fruitful union of forces. ” said Nikolaos Vassilonikolidakis, CEO of Tensorfin.
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Source From: Capital
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