Panamax Inc., a Bankai company and global leader in fintech development, recently announced that it has acquired Acute Informatics, a core digital banking system solution for business and IT consulting firm in Ahmedabad. The acquisition aims to strengthen Panamax’s digital finance solutions and offer core digital banking solutions globally.
The acquisition is key to bringing together the right teams and bringing together a cohesive group of experts to deliver enhanced digital finance solutions to millions of users worldwide. Panamax has invested in a state-of-the-art office to build a core digital banking center of excellence for more than 500 Acute Informatics employees and to serve the needs of more than 120 international customers.
“We are delighted to acquire Acute Informatics; it is a strategic initiative to broaden our horizons and offer a core banking system solution in the international space. The acquisition will drive growth and success as the company has a strong track record of innovation, execution, operational excellence and building teams that deliver results,” said Bankim Brahmbhatt, Chairman and CEO of Panamax Inc.
“We are pleased to join Panamax Inc. – the leader in the telecommunications and fintech industry for three decades. The merger will help our company expand globally, promote excellence and grow our business,” said Chirag Patel, CEO of Acute Informatics.
The acquisition is expected to drive greater efficiencies in the core digital banking ecosystem and significantly increase the company’s market share.
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