Gresham acquires payments firm B2 Group
UK-based Gresham Technologies has completed the acquisition of payments company B2 Group in Luxembourg.
B2 Group adds cash management and payments integration solutions to Gresham’s portfolio of Clareti applications.
All B2 senior leadership and staff have joined Gresham and will continue to work together as a specialist team known as Gresham Cash Management Solutions.
The B2 Luxembourg office will become a hub for growing Gresham’s business in continental Europe.
Ian Manocha, Gresham CEO, says the combination “creates an industry leader in multi-bank integration and control solutions for corporates, banks, insurers and asset managers, it strengthens our cloud capabilities and gives us a platform to further accelerate our growth”.
In terms of more details, Gresham explains that it gets 15 new customers and private cloud capability hosted at B2’s data centres in Luxembourg.
Gresham will take B2 Group’s full product set to market as part of the Clareti portfolio with B2’s “Multi-Bank Integrator” being renamed as “Clareti Multi Bank”.
Financial details were not disclosed.