Based on Europe-wide coverage, quality of customer base, and market feedback, Simplex and Sterci now have the most sophisticated and robust value-added SWIFT service bureau in Europe. The two entities boast a seamlessly integrated technology stack with an installed base of over 230 customers in 16 countries, in excess of 50 bureau customers across 5 countries in Europe, operations in both London and Geneva, and strategic outsourcing agreements with three of the worldâs largest transaction banks.
Philip Walsh, Chief Executive Officer of Simplex said âThis transaction represents a key milestone in our strategy. Based on market demand for the two companiesâ capabilities, we had been planning a more integrated market approach for some time. Our customers have been particularly helpful in drawing our two companies together by urging us to address the much broader market opportunity that our combined solution provides. We are now extremely well positioned to address the European opportunity and with Sterciâs recent opening of a Singapore office, we will now look to lay the foundations for global expansionâ
Simon Kalfon, CEO of Sterci said: âWe are extremely pleased to have forged an integrated proposition with Simplex. Both companies have always worked very well as partners but this level of formal integration allows both companies to address larger market opportunities as a unified entity. Sterciâs market leading technology combined with Simplexâs ability to implement and manage large and complex outsourcing projects means that both companies can now capitalize on their strengths, with all our customers being the ultimate beneficiaries.â