Italian banking and financial services software provider TAS has acquired Mitobit, a Milan-based fintech that supplies software solutions for payments, banking, insurance, and fintech sectors, for an undisclosed sum.
Facts
- TAS has acquired Mitobit, a Milan-based fintech that supplies software solutions for payments, banking, insurance, and fintech sectors.
- Mitobit was founded in 2014 and is based in Milan.
- The acquisition will allow TAS to provide its customers with complete, integrated solutions and services that enable them to compete in an increasingly dynamic payments market where cutting-edge technology and industry experience are key differentiation factors.
- Mitobit believes that the two firms’ combined expertise and experience place them in a better position to deliver tailored products in an ever-evolving industry.
- This is TAS Group’s fourth acquisition since July 2022.
- Fabio Bravi, head of mergers and acquisitions at TAS, was positive about the deal.
- TAS has previously acquired Krisopea, Astro IT, and Nemos.
