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M&A Deal Summary

Panamax Acquires Acute Informatics

On February 21, 2023, Panamax acquired information technology company Acute Informatics

Acquisition Highlights
  • This is Panamax’s 1st transaction in the Information Technology sector.
  • This is Panamax’s 1st transaction in India.

M&A Deal Summary
Date 2023-02-21
Target Acute Informatics
Sector Information Technology
Buyer(s) Panamax
Deal Type Add-on Acquisition

Target

Acute Informatics

Ahmedabad, India
Acute Informatics is a digital core banking, fintech, project mentoring & IT consulting company with multi-shore delivery capabilities. They envision delivering value to clients worldwide using an effective Global Delivery Model for digital banking, cloud computing, fintech, micro-finance, financial inclusion, systems integration, database administration, system administration, implementation, testing, and support. Acute Informatics is based in Ahmedabad, India.

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Buyer(S) 1

Buyer

Panamax

Garden City, New York, United States
Category Company
Sector Information Technology
DESCRIPTION

Panamax is a provider of a digital financial suite and fintech solutions. MobiFin Elite, the Digital Financial Solution by the company offers scalability and ease of operation by fusing Mobile Banking, Agency Banking, Wallet, Top-up, and Bill Payment Solutions into one interface. The Banking Suite by Panamax provides a holistic digital banking experience with innovative features for operational efficiencies. It helps banks and financial institutions offer contemporary banking services, facilitate online banking, and decrease infrastructural expenses. Panamax is based in Garden City, New York.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2023 M&A 1 of 1
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