Market Intelligence

Takeover: N15 bn

by Editor

October 3, 2016 | 12:00 am
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Nigerian payments giant Interswitch has taken over Value Added Network Solutions Limited (VANSO) in a deal reportedly worth N15 billion.

Interswitch Group MD and CEO, Mitchell Elegbe is quoted as saying the acquisition of VANSO, would be a great opportunity to combine respective technology offerings and skill sets to drive growth.

VANSO which provides security-focused financial technology to mostly banks will now have its management team absorbed into Interswitch’s management team, with its CEO heading Interswitch’s mobile payment’s business unit.

 


by Editor

October 3, 2016 | 12:00 am
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