Cathay Capital-backed Finance Active and Lucht Probst Associates to acquire Verifino.

Cathay Capital-backed Finance Active, a SaaS solutions company for debt management and financial risk management and Lucht Probst Associates, which designs and develops enterprise software, agreed to acquire Verifino, a German IT company specialized in software dedicated to the financial markets. Financial terms were not disclosed. "We are delighted to partner with LPA for the development of Verifino. It is a great strategic opportunity for expanding our European markets and for strengthening our presence in financial institutions. Finance Active and LPA teams will be able to combine their assets and offer our customers more performant solutions and data management," Jacques Descourtieux and Patrice Chatard, Finance Active Co-CEOs.