Gresham acquires payments specialist B2 Group
The acquisition adds 15 new customers to the Gresham client base and gives the company an enlarged footprint in continental Europe.
Gresham Technologies has acquired the B2 Group, a provider of cash management and payment technology for corporates, insurers, banks and asset managers.
All B2 senior leadership and staff have joined Gresham, forming a team called Gresham Cash Management Solutions. The B2 Luxembourg office will become a hub for Gresham’s business in continental Europe.
The acquisition forms part of Gresham’s strategic plan to create ‘a global, enterprise financial technology business’ and adds cash management and payments integration to Gresham’s portfolio of Clareti applications. B2’s flagship Multi-Bank Integrator platform will be renamed as ‘Clareti Multi Bank’.
Ian Manocha, Gresham CEO, said the acquisition “strengthens our cloud capabilities and gives us a platform to further accelerate our growth”.
Phil Boland and Marc Binck, B2 Group co-founders, commented: “Joining with Gresham will enable us to take our innovative multi-bank solutions to a global market.”