▾ G11 Media Network: | ChannelCity | ImpresaCity | SecurityOpenLab | Italian Channel Awards | Italian Project Awards | Italian Security Awards | ...
InnovationOpenLab

An acquisition in Poland for Italian software company Auriga

Auriga acquired a majority stake in F1 Solutions, an established provider of banking solutions based in Warsaw

Companies

Italian software company Auriga, specialized in omnichannel banking solutions, makes a new step in its internationalization process with the acquisition of a majority stake in F1 Solutions, an innovative technology company based in Warsaw. F1 is focused on IT banking, specifically on self-service channel management, through multivendor ATM software, monitoring and cash management solutions, teller applications.

The deal - says Vincenzo Fiore, CEO and founder of Auriga - "confirms our objective of significant growth, focused on our areas of expertise, supported by a continuous search for cutting-edge solutions and by acquisitions of relevant realities, complementary to our business and already consolidated in the market".

This acquisition is a fundamental building block in Auriga's international strategy, from a technological point of view (the two companies now plan the integration of their respective solutions), but also in terms of expertise: F1's qualified analysts, developers and testers join the Auriga team, which today counts more than 300 professionals worldwide in 8 offices (Bari, Rome, Milan, London, Madrid, Pamplona, Brussels, Mexico City).

F1 Solutions is a Polish company founded in 2014. Its main solution is the F1 TPS Suite, for (mainly) cash in/out and recycling ATM management thanks to a multivendor software implementing the NDC/DDC protocol. The suite also comprises a module for monitoring/cash management and a teller management application. F1 TPS Suite is implemented on many of Poland's major banking institutions and on about 25 percent of the Region's ATMs.

As CEO Łukasz Fusiara explains, joining Auriga helps F1 Solutions "to make ourselves known internationally but also to increase business opportunities thanks to an established network".

If you liked this article and want to stay up to date with news from InnovationOpenLab.com subscribe to ours Free newsletter.

Related news

Last News

RSA at Cybertech Europe 2024

Alaa Abdul Nabi, Vice President, Sales International at RSA presents the innovations the vendor brings to Cybertech as part of a passwordless vision for…

Italian Security Awards 2024: G11 Media honours the best of Italian cybersecurity

G11 Media's SecurityOpenLab magazine rewards excellence in cybersecurity: the best vendors based on user votes

How Austria is making its AI ecosystem grow

Always keeping an European perspective, Austria has developed a thriving AI ecosystem that now can attract talents and companies from other countries

Sparkle and Telsy test Quantum Key Distribution in practice

Successfully completing a Proof of Concept implementation in Athens, the two Italian companies prove that QKD can be easily implemented also in pre-existing…

Most read

ImmunoPrecise Antibodies (IPA) Reports Financial Results and Recent Business…

$IPA #AI--IMMUNOPRECISE ANTIBODIES LTD. (the “Company” or “IPA”) (NASDAQ: IPA), an AI-driven biotherapeutic research and technology company, today reported…

Crisp Acquires Shelf Engine AI Demand Planning Solution to Support Optimal…

#BusinessInsights--Crisp, a leading provider of retail data solutions, has acquired Shelf Engine, the AI pioneer in demand forecasting and automated ordering.…

Edge Data Center Market Analysis and Forecast 2025-2034: Edge Data Centers…

The "Edge Data Center Market - A Global and Regional Analysis: Focus on Product, Application, and Country Analysis - Analysis and Forecast, 2025-2034"…

Management Controls, Inc. Wins Prestigious 2025 CIO 100 Award for AI Innovation…

Management Controls, Inc. (MCi), the leader in contractor data management solutions for heavy industrial companies, today announced it has been named…

Newsletter signup

Join our mailing list to get weekly updates delivered to your inbox.

Sign me up!