Banking Fintech News

XDuce Group of Companies Acquires SANS

XDuce Group of Companies Acquires SANS

XDuce Inc., a global software development, system integration and staffing services provider, is pleased to announce the acquisition of a majority stake in SANS Consulting. SANS is a New York-based IT staffing services specialist in Banking and Financial Services. The SANS acquisition will further strengthen XDuce’s footprint and ability to provide IT services to clients.

Read More: GlobalFintechSeries Interview with Chuck Klein, Chief Executive Officer & Founder at IMM

XDuce has been providing services to clients in markets within diverse verticals globally since 2006. As a long-term business growth strategy, XDuce has been looking to expand its client base within the Financial Services. SANS is a respected brand in these high-potential and critical verticals and this acquisition provides both brands with a massive growth opportunity. With this acquisition, both the companies will be able to leverage the expended service delivery capability and domain expertise.

Read More: GlobalFintechSeries Interview with Curtis Webb, Vice President, Product Management – Emerging Payments at Meta Financial Group and MetaBank

Jay Dave, President and CEO, XDuce, said, “With XDuce’s expanded global delivery capabilities and SANS’s market penetration, the combined synergies will ensure seamless execution of services to our clients. With this acquisition, our clients can now look forward to partnering with a highly professional global support team with a wealth of experience in all major national markets and industry verticals.”

“With the current challenging situation faced by industries across the globe, this acquisition will help us meet our customers’ needs like never before. Our clients require services of a global organization with effective off-shore/on-shore delivery teams and significant resources to service their needs nationally. This acquisition enables us to do just that,” said Leo Kogan, President of SANS.

Read More: A Quick Review on Some of The Biggest Global Fintech Mergers & Acquisitions

Related posts

People’s China: Learning Practical Chinese and E-payments in China with KYO TALK

FTS News Desk

JCB signs a Strategic Partnership Agreement with TECHFUND for Joint Research on Sustainable Payment System Using Blockchain

FTS News Desk

More Than Half of UK Adults Will Head Into the New Year Saddled With a Personal Debt of up to £100,000, According to Research by

FTS News Desk