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Announced

Wynd to acquire Symag from BNP Paribas.

Synopsis

Wynd, a developer of a cash management-based software, agreed to acquire Symag, a firm that offers retail chains pioneering, high-performance and scalable solutions, from BNP Paribas, a French international banking group. Financial terms were not disclosed. "A superb team will join us, which will allow us a unique development on the market. We were in competition with other buyers, especially Americans, and the certainty of maintaining employment in France weighed in our favor," Ismaël Ould, Wynd Co-Founder and CEO.

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