Infosys completed acquisition of 75% stake in Stater for $144m.

Infosys, a provider of next-generation digital services and consulting, completed the acquisition of 75% stake in Stater, a mortgage service provider, from ABN AMRO, a Dutch-based bank for retail, corporate and private banking clients, for $144m. This partnership strengthens Infosys’ position as a leading technology and business process management provider across the mortgage services value chain, improving experience and operational efficiencies, and further enhances the company’s strategy to help clients navigate their next digital transformation journeys. The specialized knowledge and experience of Stater in the mortgage services market, combined with the global reach, AI, digital transformation and automation capabilities of Infosys, can potentially create differentiated solutions for the market. “While mortgages are a key product for ABN AMRO, providing administrative mortgage services is not a core activity. That’s why we are very pleased with Infosys as Stater’s new majority shareholder. ABN AMRO will keep a strategic interest of 25% and will continue to be an important client to Stater,” Christian Bornfeld, ABN AMRO Member of the Executive Board.