This is not a milk-the-existing revenue and cut-costs type of acquisition. Rather, it’s a logical extension and evolution of an existing partnership. If Finastra can focus its energies on deepening relationships with its community bank customers, Malauzai will be a natural cross-sell. It will create better U.S. focus for Finastra and give the team a bit more confidence as a total solution provider.
Read the press release here.
