Strategic Acquisition Expands ABC TECH’s Portfolio of Innovative Banking Solutions ZAGREB, May 6, 2019 — ABC TECH Group, announced today, that after a successful joint venture in 2018, it has closed the acquisition of business from privately-held company Abit Ltd. in Croatia. Abit is one of top innovation and engineering companies in Croatia with an almost thirty-year track record of serving banking industry solutions to the Finance industry.

We look forward to bringing together two companies with deep expertise in the FinTech, said Edin Poprzenovic, CEO at ABC TECH Group. “With a strong track record of world-class banking industry solutions, Abit is a welcome addition to the ABC TECH network.”

“ABC TECH Group is committed to delivering a comprehensive value proposition to the financial industry and banks which are looking to challenge traditional business models,” said Goran Bosankic, Country Manager at ABC TECH Zagreb. “We are excited to join our two teams, and expect to truly take advantage of our shared commitment and abilities to expand our worldwide presence and deliver new and interesting banking products for our customers and partners.”

About ABC TECH Group

ABC TECH Group is a global software company with niche expertise in Fintech and the latest technologies.

We are bringing platform-based solutions to large and midsized companies in Banking, Telco as well as providing state-of-the-art solutions for start-up industry.

With the background rooted in Fintech, we build on our legacy knowledge and grow it in the areas of Transactional systems, financial systems and other 3rd party integrations, Blockchain and Smart contracting Payment systems and many more. As part of this journey, we are working with Microsoft, IBM, Oracle, Node and more tech leaders to ensure that our clients will benefit from steady reliability and originality across solutions. We have diverse collective experience in a range of development languages and platforms. Our projects leverage the toolkits and systems that best fit the distinct needs of our clients. We offer a full range of product, mobile, and web development services for a wide variety of business domains and connect you to an effective, fully equipped team that is ready to commit from day one.

About ABIT

ABIT Ltd. is a privately owned company based in Varazdin, Croatia which has, from its founding (1993), specialized in developing banking information systems and providing IT support to banks and similar financial institutions. In addition, as a long term IBM Business Partner, ABIT has vast experience in delivery and maintenance of relational database IBM/Informix development tools, Web-oriented CORE banking systems, Business Intelligence systems and Enterprise Content Management systems. Abit is also an SYBASE Inc. business partner considering matters of Data Warehousing and Business Intelligence.

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