Juniper Group has acquired Singapore-based digital banking software firm Tagit Singapore, adding another fintech company to its portfolio. The financial details were not disclosed.
Juniper Group operates under Vela Software, which is part of Canada-listed Constellation Software.
Under the transaction, Tagit will become part of the TSI Group, a Juniper Group division headquartered in Chennai, India.
The deal marks TSI Group’s third acquisition since joining Juniper Group in 2020 and its second in the Indian market, where it already operates alongside subsidiaries including SysArc.
Based in Singapore, Tagit develops the Mobeix digital banking platform, a cloud-native system built on open APIs.
The platform supports functions such as retail and corporate banking, family banking and digital onboarding, and is used by banks to deploy digital services across different customer segments.
According to the company, Tagit’s software processes more than US$100 billion in transactions each year and enables banks to launch digital products more quickly without relying on large in-house development teams.
“We are pleased to join the Juniper Group and enter the next phase of Tagit’s growth. This milestone reflects our shared commitment to innovation and customer success.
As part of the Juniper Group, we are well positioned to accelerate our product roadmap, expand our market reach, and deliver greater long-term value to our customers and partners worldwide.”
said Sandeep Bagaria, CEO of Tagit.
“We are extremely excited to welcome Tagit to Juniper Group. Tagit’s talented team and high performing technology stack are a fantastic addition to our portfolio of financial technology software companies.
Together, we can deliver more comprehensive solutions and meet the full range of technology needs for our customers and partners.”
said Karthik Doraiswamy, CEO of TSI Group.
Featured image: Edited by Fintech News Singapore, based on image by Tagit
