Noventiq ( LSE: SFTL ), the global digital transformation and cybersecurity solutions and services provider, announces that the acquisition of the majority stake of Saga Group has been closed. In September 2022, Noventiq signed an agreement “to acquire Saga Group.” The transaction strengthens Noventiq’s presence in Eastern Europe as well as “opening other markets such as Serbia, Montenegro, Bosnia and Herzegovina, and North Macedonia.” With this acquisition , Noventiq customers now “have access to Saga Group’s own digital products, including its own IP for digital banking, Fintense created by Saga’s subsidiary NF Innova, which is an omnichannel digital banking platform offering process automation, data management and personal advisory.” Saga’s other sophisticated IP platform, Weaver which is “a mature AI developed chatbot, and Selecta, which is a next generation AI-empowered CRM platform are owned and created by Intellya, another subsidiary of Saga Group.” Saga Group, and all its subsidiaries, “will continue to operate under its existing brand while incorporating the ‘a Noventiq company’ into its logo.” The group, which will “maintain its headquarters in Belgrade, will continue to be led by its current management team, and the President of Saga Supervisory Board, Dejan Popovic.” Now that the deal has been […]
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