Aurionpro acquires Singapore’s Integro

Deal to be all-cash, but size not disclosed

MUMBAI: Aurionpro Solutions, an information technology company focused on the banking, financial services and insurance space, on Monday said it is fully acquiring Singapore’s Integro Technologies in an all-cash deal. The company did not disclose the deal size, though.

“Integro’s revenues are about S$ 9 million and enjoys about 20% margin at the net level. We funded the acquisition through a mixture of debt and equity,” Amit Sheth, managing director, Aurionpro said.

This is the Mumbai-based company’s sixth acquisition since it went public two years back. It has acquired companies from diverse geographies like Bahrain (Infobyte), US (SPS Corp and Coban Corp), and UK (E2E InfoTech).

Sheth said Integro’s product portfolio attracted them, followed by clients and geographical reach.

“Through the acquisition we reach some new geographies like Malaysia. With this acquisition, our APAC (Asia Pacific) revenues would be 25% of our total revenues, against about 15% now,” Sheth said.

In order to improve margins, Aurionpro would expand Integro’s development centres in India.