Chennai, December 20th, 2022 – TPF Software (TSI), a division of Juniper Group, is pleased to announce it has acquired SysArc Infomatix, a world-class lending solutions provider.
This transaction is the second acquisition completed by TSI since it joined Juniper Group in 2020, being the first acquisition in its core markets, US and India. TSI, servicing some of the leading financial institutions in the world, will be able to strengthen its value proposition to its customers with SysArc Infomatix’s innovative lending solutions who, in turn, will materially benefit from Juniper Group’s and Vela Software’s core markets’ knowledge and industry expertise.
SysArc Infomatix, with more than two decades of industry expertise, is an undisputed market leader in lending automation systems. They strive in providing secure and scalable lending solutions to a broader financial spectrum, having 50+ customers, including blue-chip and public clients, across US, India and Middle East.
Mr. Karthik Doraiswamy, CEO of TSI, stated: “The acquisition of SysArc brings us the software solutions which will augment the products and services provided by TSI to our customers. With the vision of becoming the leading provider of FinTech solutions across the world, SysArc has developed great products with cutting-edge technologies that now help leading banks in lending automation”.
Mr. Sundar Garg, CEO of SysArc Infomatix commented: “On the sound business principle of enhancing customer service, the acquisition will be welcome news to the customer community SysArc serves. With market domination in Indian lending space and niche markets in the US and the Middle East, SysArc is poised for exponential growth in the years to come. A fusion of the two managements is bound to bring new ideas, creativity, and innovation. Having started and run the company since its inception, I am delighted to hand over the baton to Karthik Doraiswamy with the confidence and strong belief that the new management team will be driven by the continued focus on customer care and travel on a path of accelerated growth. I wish the new executives the very best”. Mr. Garg will continue providing support and advisory services to Sysarc Informatix’s Board for at least a year to ensure a smooth and successful business integration into Juniper Group.
About TSI: Having pioneered several products at Fortune 500 companies, TSI has three-decade experience and expertise across several verticals, with the Airline and FinTech industries at the front, facilitating and delivering transformational results for a demanding new digital world. More info at www.tpfsoftware.com
About Juniper Group: Juniper Group, an operating group of Vela Software and Constellation Software, Inc. [TSX:CSU], is a fast-growing global software conglomerate with operations in several verticals, mainly: travel, aviation, banking & payments, insurance, public sector and oil & gas. Juniper Group, currently comprised of over 1,500+ employees all over the world, invests in and partners with vertical market software businesses permanently. More info at www.juniper-group.com
For media enquiries, please contact:
VP Governance & Organization