EastNets confirms all the shares in EastNets Europe S.A. have been acquired by EastNets Holding DIFC

24 March 2011

EastNets Holding DIFC is a company registered under the Dubai International Financial Center in Dubai (DIFC) Dubai – UAE with an authorized share capital of US$ 4 million, and currently has two publicly held private equity investors.

EastNets Holding DIFC owns the intellectual property rights of EastNets Europe S.A. and its subsidiaries’ products and services, and is a leading provider of Compliance Solutions including anti-money laundering and anti-fraud; Resilient SWIFT Solutions for SWIFT FIN/XML reporting, duplicate detection management, disaster recovery, and outsourced SWIFT connectivity with its SWIFT Service Bureau; and Mobile Remittances Solutions enabling secure, compliant mobile remittances. EastNets services over 1,000 customers in 120 countries and hosts one of the world’s largest networks of SWIFT Service Bureaus, serving over 260 firms around the globe.

This acquisition will not bring any changes to, and will not affect the legal status of, EastNets Europe S.A. and its subsidiaries, but will however secure financial and managerial tools, ways and means of growth to these entities in these very demanding and sophisticated markets. EastNets' existing products are duly registered in accordance with the patents and copyrights laws thus securing the intellectual property rights as intangible assets of the company.

Over the past few years, EastNets has made a remarkable foray in the regional markets in terms of expanded product lines and geographical reach. We at EastNets provide services with utmost professionalism focusing on our quest to satisfy the customer’s best interests while protecting the confidentiality of their information.

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