Orion Innovation snaps up Banktech Software for undisclosed sum
US-based Orion Innovation, a digital transformation and product development services firm, has acquired UK-based Banktech Software Services, for an undisclosed sum.
Orion acquires Banktech
Banktech is a multi-region partner for Temenos, offering implementation services in core banking and digital banking for Temenos clients in the UK, Ireland, EMEA and APAC.
The acquisition, Orion says, will complement its financial services business by bringing in additional expertise, open banking solutions, as well as expand Orion’s digital solutions and core banking implementation capabilities.
Banktech CEO Suchen Janjale will join Orion, working closely with Anoop Gala, Orion’s global head of financial services to help financial services companies accelerate their digital strategies.
“Adding Banktech increases our regional presence in the UK, EMEA, and APAC, enhancing our ability to deliver
high-value solutions and support clients in these markets,” Gala says.
“There is significant opportunity globally in banking, payments, and wealth modernisation, and this combination strengthens our domain-led go-to-market and digital offerings in Software-as-a-Service (SaaS) and banking cloud.”
Janjale says the acquisition improves Banktech’s ability to meet “growing demand” for the rapid deployment of open banking solutions.
“Orion’s global presence adds significant scale to our business and will enable more clients to leverage our collective solutions to reimagine their products and services,” Janjale adds.
