TAS was founded in 1992 and serves a wide range of banks and broker- dealers in México and Latin America.
Financial Software Systems president Gerald Thurston said the acquisition of TAS will strengthen Financial Software Systems’ presence in Mexico and Latin America and further expand its product offerings.
"We welcome TAS’s clients into Financial Software Systems’ family. The addition of Financial Software Systems’ software to the software offered by TAS will create many opportunities for TAS’s existing clients and for new clients throughout Mexico and Latin America," Thurston added.
The transaction was completed on 1 June 2011, but financial terms were not disclosed.
Goldenhill Technology Advisors, an international technology M&A advisory firm, assisted Financial Software Systems in the transaction.
