Corporate News     12-Oct-23
Aurionpro Solutions acquires OmnifinĀ® a loan management system
For consideration of Rs 82 cr
Aurionpro announced purchase of business consisting of a comprehensive loan management system to complement and enhance its portfolio of industry leading Lending Solutions. The transaction involves Aurionpro purchasing OmnifinĀ®, loan management system catering to 45+ banks and financial institutions in the Indian domestic market, from A S Software Services, a company based in NOIDA, India.

This acquisition covers purchase of the entire business, as a going concern, covering all the assets & liabilities of the target business including the intellectual properties, 150+ employees & contracts and such transfer and payment of consideration will be governed by the Business Transfer Agreement (BTA) between the parties. The total deal is valued close to Rs 82 crore, to be paid in cash.

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