Softline has signed an agreement to acquire a majority stake in Vash Payment Conductor, a software developer for solutions in the field of cashless payments. This is stated in the Softline message. The amount of the transaction is not given.
The agreement will allow Softline to “diversify its business lines”, expand its line of products and solutions and create new products in the acquisitions and payments industry.
On the topic: Softline will divide business in Russia and abroad
Reportedly, its Payment Explorer will be able to expand its presence in the Russian market and in new regions.
“The merger will give us the opportunity to offer banks and equipment providers comprehensive services that will not only increase sales, but also optimize previously manual processes to the maximum. We now have something to offer companies from almost any field,” said Sergey Chernovolenko, Global CEO of Softline.
- Your Payment Explorer group was founded in 2011. The company develops software in the field of payment technologies, processing systems, payment software for POS terminals, equipment management systems, and cryptographic data protection software.
- According to data from the Kontur.Focus system, Your Payment Explorer LLC’s revenue in 2021 amounted to 23.3 million rubles compared to 11.8 million rubles in 2020. The net loss in 2021 amounted to RUB 1.2 million .
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