ACET Processing, the outsourced financial services solutions provider, has been bought out by management from PIC Solutions, the leading specialist credit risk management consultancy in the Middle East and Africa.
This move is a significant milestone for ACET Processing's strategy to ensure continued leadership in the rapidly growing outsourced credit processing industry, as well as to increase focus on their core businesses. First Data, the global technology leader in information commerce, retain their shareholding in ACET Processing.
Mike Crawley, Managing Director of ACET Processing, states: "This transaction will enable ACET Processing to focus completely on growing our client base and expanding our service offerings. We will continue to work closely with PIC Solutions and see this event as a major step in ACET's evolution."
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ACET Processing
ACET Processing is an outsourced financial services solutions provider that renders a wide range of processing services to a diverse client base of leading retailers, consumer finance organisations, banks and service providers.
ACET Processing is jointly owned by management and First Data. Through this unique combination of proven state-of-the-art credit and risk systems, world-class outsourced processing expertise and established customer management solutions, ACET Processing provides clients across Africa with an unsurpassed range of services.
ACET Processing has formed a strategic partnership with T-Systems for the provision of the underpinning technology infrastructure and facilities management for the ACET technology platform. Web site www.acetprocessing.com
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