Cognizant announced its acquisition of Meritsoft, a Dublin-based fintech firm specializing in post-trade processing software, on March 5, 2019. The financial terms of the deal were not disclosed.
Cognizant, a major player in professional services, acquired Meritsoft, an award-winning fintech innovator. The deal aims to bolster Cognizant’s offerings in the financial sector, particularly in areas like trade processing and automation.
Based in Dublin, Ireland, Meritsoft is known for its intelligent automation solutions for financial institutions. Its flagship product, FINBOS, is a centralized platform for managing post-trade processes, such as taxes, fees, and commissions.
Aira Matrix and Gestalt partner for AI-powered pathology
Meritsoft’s expertise lies in handling complex regulatory requirements and improving operational efficiency for its clients, which include major global banks and financial institutions.
The acquisition allows Cognizant to integrate Meritsoft’s platform into its existing suite of financial services solutions. This move is expected to enhance Cognizant’s capabilities in helping clients manage their operations more effectively and adapt to evolving regulatory landscapes.
This acquisition will allow both companies to combine and expand their services.
- Banking and financial services expertise: Cognizant’s expertise, coupled with Meritsoft, will provide a robust integrated solution for a wide range of financial processes.
- Meritsoft: Clients and businesses working with Meritsoft will gain access to Cognizant’s knowledge, resources, and scale.
