MCF, a corporate finance and investment advisory firm specialized in the Africa and Middle East region, acted as an advisor to Wevioo Group in the sale of its shares in Cassiopae MEA, a Tunisian-French joint venture that Wevioo established in 2010 with Cassiopae, world leader in financing and asset management software solutions. After the sale, Sopra Banking Software will hold 100% of Cassiopae MEA’s capital.
Mehdi Sethom, Managing Director of MCF declared: “We are proud of being the advisor of Wevioo Group on this important transaction, leading to a successful co-development experience between Cassiopae and Wevioo groups. Cassiopae MEA reached its objectives and is preparing itself for a new development phase by joining Sopra Banking Software. This transaction reinforces the positioning of Tunisia as a hub of ICT value adding services.”
Wevioo is an international advisory group specialised in ICT services. It is implemented in Tunis, Paris, Dubai, Algiers and Abidjan. It offers its solutions and services in more than 30 countries and has more than 300 employees.
About Sopra Banking:
Sopra Banking is a subsidiary of Sopra Steria Group, the European leader of digital transformation. The company has been a software company specialized in banking software for more than 40 years and is a major actor in banks’ digital transformation. With its 3000 experts and one of the most exhaustive portfolio of software and services on the market, Sopra Banking Software is a long-standing partner of more than 600 banks in 70 countries. Its unparalleled expertise allows is to meet the innovation and development needs of banks and financial institutions no matter their sizes and activities.