Aurionpro has purchases a comprehensive loan management system to complement and enhance its portfolio of industry leading Lending Solutions. The transaction involves Aurionpro purchasing Omnifin®, loan management system catering to 45+ banks and financial institutions in the Indian domestic market, from A S Software Services Pvt. Ltd, a company based in NOIDA, India.
This acquisition covers purchase of the entire business, as a going concern, covering all the assets & liabilities of the target business including the intellectual property, 150+ employees & contracts and such transfer and payment of consideration will be governed by the Business Transfer Agreement (BTA) between the parties.
The total deal is valued close to INR 82 Crores, to be paid in cash.