Aurionpro Solutions signs agreement to acquire further 29% stake in SC Soft

Aurionpro Solutions has signed an agreement for the acquisition of further stake in its subsidiary SC Soft. The transaction involves acquisition of further 29% stake in SC Soft from the existing shareholders, in various tranches upto December 31, 2022. This acquisition is pursuant to the right available to the Aurionpro under the Subscription and Shareholders’ Agreement signed for acquisition of 51% stake in 2018.

The acquisition of 51% stake in SC Soft and resultant integration has established Aurionpro as an end to end supplier in the Automatic Fare Collection (AFC) segment and further acquisition of stake in SC Soft will strengthen this position with increased synergies and capabilities.

Aurionpro Solutions is a publicly traded technology company providing software products and expert level consulting services to an extensive global customer base. The company provides valuable operational and technical experience in helping banks provide new and innovative products to their customers.