TAS acquires fellow Italian software provider Mitobit
Italian banking and financial services software provider TAS has acquired fellow Italian fintech Mitobit via its subsidiary Global Payments, for an undisclosed sum.
TAS acquires Mitobit
Founded in 2014 and based in Milan, Mitobit supplies software solutions for payments, banking, insurance and fintech sectors.
Fabio Bravi, head of mergers and acquisitions at TAS, says the deal will allow TAS to provide its customers with “complete, integrated solutions and services that enable them to compete in an increasingly dynamic payments market where cutting-edge technology and industry experience are key differentiation factors”.
For Mitobit, the two firms’ combined expertise and experience places them in a “better” position to deliver tailored products in an “ever-evolving” industry.
The acquisition is the fourth for TAS Group since July 2022. In August last year, it acquired Italian payments technology and business consulting firm Krisopea for an undisclosed sum, along with software solutions provider Astro IT, and e-money software and consultancy services vendor Nemos.
