Our Group's internationalization strategy continues.
The subsidiary company Piteco, listed on AIM Italy and leader in Italy in the design and implementation of managerial solutions for treasury and financial planning, announces the acquisition of the main business unit of LendingTools, leader in US for digital payments services.
"This important operation, in line with the industrial plan, is an important step towards our internationalization strategy and a certain flash-forward towards new markets” – says Paolo Virenti, Piteco CEO –. "The integration of our products with software and LT services offered to American banks will allow to increase the general offering for American banking market. We also believe that together with banks, which are LT customers, it will be possible to offer an innovative treasury service based on Piteco Evolution, the platform already used in USA by some important companies and convey them by the interbank networks to the bank customers, the US Corporates".
