MRL Posnet Has Agreed to be Acquired by Worldline SA
Signal Hill India is pleased to announce that its client MRL Posnet Pvt. Ltd., a provider of best in class point-of-sale technology infrastructure to banks and payment providers, has agreed to be acquired by Worldline SA. The transaction will create an integrated payment services provider catering to the Indian markets and is expected to close before the end of October 2017.
Worldline will deploy MRL's proven payments platform across its global customer base, which is enhanced by the addition of 18 partner banks of MRL Posnet.
“The acquisition will allow MRL to leverage the capabilities and resources of Worldline to accelerate the rollout of the MRL platform to a wider client base, both in India and abroad," said Kishore Kothapalli, MRL Posnet CEO.
"The Signal Hill team led by Klaas and Nitin provided excellent advice and guidance during the search for the right partner for our business. Their knowledge of our space and strong network of relationships guided us to the right result for our business and we're excited for the opportunity ahead. We thank the team at Signal Hill for their expertise and dedication throughout this process," Mr. Kothapalli continued.
About Signal Hill India
Signal Hill Capital Advisory India Pvt. Ltd. ("Signal Hill India") is a leading advisory boutique serving the M&A and private capital raising needs of growth companies in the technology sector. Signal Hill India's experienced bankers provide deep domain expertise and an unyielding commitment to clients in our sectors: Software (Enterprise Software, SaaS/Cloud, FinTech/Payments & IT Security), Internet & Digital Media, and Service (IT Services, BPO, Healthcare IT, Analytics & Education). Signal Hill India has offices in Bangalore and Mumbai. For more information visit www.signalhill.com