Dion Global Solutions, an India-based technology partner to the financial services industry, has completed its acquisition of European banking software specialist, Swissrisk Financial Systems.
The acquisition was first announced in 2012 and is expected to boost Dion’s European footprint.
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Dion group said that it has underpinned a number of new global solutions designed to address business and regulatory requirements, including FATCA and tax information reporting as well as payment initiatives such as SEPA, improved workflow processing and efficient data management.
Ralph Horne, CEO at Dion, said: "It was always our intention to acquire the remaining shareholding and we are delighted with the benefits we have seen from our initial investment.
"As well as an extensive product portfolio, we have also inherited a first class team of employees and a blue-chip client base and therefore it made sense to complete the investment earlier than originally planned. We are confident that this will help us continue to expand our solution suite and market share across the region and the globe," he added.
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