Aurionpro acquires Paris-based consulting firm in a $10 mn deal

Technology services provider Aurionpro Solutions has announced the acquisition of French consulting firm Fenixys. The Paris-based provides capital markets services to leading banks and financial institutions across Europe and the Middle East; its acquisition is poised to strengthen Aurionpro's banking and fintech strategy.

The deal value is €10 million (approximately $10.4 million).  This acquisition allows Aurionpro to continue its geographical expansion into Europe by leveraging Fenixys' experience of over 10 years in partnering with financial institutions undertaking IT transformations, as well as their deep relationships with major banks across Europe and the Middle East.

Fenixys has offices in United Kingdom, Denmark, and the Middle East, and offers services like advisory, project management, enterprise architecture, and MUREX services. With Aurionpro's existing portfolio of banking and fintech solutions, Fenixys augments its offerings while providing strategic advisory and solutions for challenges in the capital markets sectors, the company said in a statement. 

"This acquisition is not just about expanding our offering portfolio and reach, but rather it is about synergistically merging our strengths — Fenixys’ extensive and deep domain expertise with Aurionpro’s strong IP-led offering— to offer a unique, global portfolio of solutions for the banking and capital markets industry. We are excited to explore the potential this combination unlocks for our clients globally and to reinforce Aurionpro's expansion into Europe," said Ashish Rai, CEO of Aurionpro. 

In October, Aurionpro bagged multiple data center projects worth approximately ₹170 crore from a leading colocation player in India. The order wins include a comprehensive design and turnkey build execution project for an edge data center in the NCR region for around ₹150 crore, and design consultancy services for two locations — Mumbai and Chennai — with IT loads of 85 MW and 20 MW, respectively for around ₹20 crore.