Jatis Group, one of Indonesian largest ICT consulting group of companies announces that it has become the majority owner of Solutions Exchange Inc., Philippines.
JATIS GROUP through one of its subsidiary Jatis Imagineering Philippines Inc. has concluded a majority ownership deal to acquired Solutions Exchange.
JATIS GROUP a subsidiary of Indivara Group, Indonesian largest technology group of companies headquartered in Jakarta, Indonesia with offices in Singapore, Malaysia, and Philippines. JATIS has recently acquired a 51% stake in Solutions Exchange, a testament to its confidence in the company’s track record and growth in the Philippines.
This new alliance promises exciting developments for both companies, with Solutions Exchange providing its expertise in online banking solutions and JATIS imparting its knowledge in E- Commerce, Payment Solutions and Wealth Management System. As a result of the acquisition JATIS’ President and Group CEO, Jusuf Sjariffudin now sits as Chairman of the Board of Solutions Exchange. Medy Camerino shall continue to provide her leadership as President and CEO.
The Management as well as all the employees of Solutions Exchange will continue in their current roles and responsibilities.“With share the same believed which is Instead of just being a technology trader we develop and own the Intellectual Property(IP) of all of our applications and the facts that the products that the two companies have are complementary and not competing so we could embrace the strategic value to do cross selling of each other products into existing customers” said Jusuf Sjariffudin, President and CEO of JATIS GROUP
The buyout is a significant milestone in JATIS continuing evolution. Its management is committed to growth and innovation, and its new acquisitions will enable it to expand its product offerings and provide complete services to Financial Service Industry.
About Solutions Exchange
Founded in 1999, Solutions Exchange (SXI) is a leading Filipino IT company that provides retail banking solutions in the Philippines. SXI has developed its own suite of banking of applications that caters to the digital banking experience. Over the years, it has established a track record of successfully implementing banking systems which are used by most of the universal and commercial banks in the Philippines today.
Established in 1997, Jatis is the subsidiary of Indivara Group, Indonesian largest technology group of companies and one of the largest in the region which focus in consulting, software development and implementation. Headquartered in Jakarta, Indonesia with offices in Singapore, Malaysia, and Philippines, Jatis‘ have proven track record in implementing complex,
large scale software projects throughout South East Asia. Its client list includes Asia Pacific’s most reputable institutions in the financial, mobile-telecommunication, manufacturing, retail & distribution and travel & transportations.