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Prabhudas Lilladher Report
Persistent Systems Ltd.'s acquisition of Software Corporation International and its affiliate, Fusion 360, serves as the foundation for scaling up the newly announced payment business unit given –
SCI's deep domain capabilities specialising in payment solutions and Fusion 360's expertise in servicing leading payment platforms including IBM's financial transaction manager,
SCI provides inroads to 10 (most within top 20) leading banks in North America,
presence in Charlotte, North Carolina, one of the largest U.S. banking hubs,
opens up cross-selling opportunities and
complements Persistent Systems' work of taking financial transaction manager to hybrid cloud for their largest client.
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