M&A Deal Summary

TAS Acquires Infraxis AG

On June 8, 2020, TAS acquired information technology company Infraxis AG

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

M&A Deal Summary

Date 2020-06-08
Target Infraxis AG
Sector Information Technology
Buyer(s) TAS
Deal Type Add-on Acquisition

Target

Infraxis AG

Muri bei Bern, Switzerland
Infraxis is a company in the Swiss and German payment markets, where in the latter its PayStorm processing solution currently authorizes payments for approximately 30% of all issued credit cards. PayStorm supports both card and instant payment solutions within a microservice, omni-channel framework, where ultimate flexibility, scalability, and reliability are assured for deployments within private and public cloud networks. Infraxis also provides quality assurance and testing solutions based upon its enterprise-wide, on-demand testing solution IQS, which offers simulation and testing for all aspects of payment infrastructure. Infraxis was formed in 23009 and is based in Muri bei Bern, Switzerland.

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Buyer(S) 1

Buyer

TAS

Rome, Italy

Category Company
Founded 1982
Sector Software
Employees565
DESCRIPTION

TAS specializes in software solutions for electronic money, payment systems, capital markets and extended enterprise. TAS was founded in 1982 and is based in Rome, Italy.


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: Switzerland M&A 1 of 1
Year: 2020 M&A 1 of 1