Announced
Completed
Financials
Sources
Tags
Acquisition
Friendly
Brazil
Majority
Domestic
Single Bidder
Private
Software
Completed
software development
Synopsis
Sinqia, a Brazilian financial technology provider, completed the acquisition of NewCon, a local developer of software for consortiums, for $75m. Sinqia said it had decided to focus on the segment during Brazil's interest rate-hike cycle, noting that higher borrowing rates make consortiums more attractive.
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