Acquisitions watch: GFT Technologies-G2 Systems, Check Point-Dynasec

- Friday, November 18, 2011

Acquisitions watch: GFT Technologies-G2 Systems, Check Point-Dynasec

German IT services provider GFT Technologies has acquired the consulting services division of US IT consulting services provider G2 Systems, the former said in a statement without disclosing the value of the transaction.

"Investment management is one of the largest growth markets in the financial sector today. With this acquisition, we will be able to meet the demand of financial institutions for comprehensive services. Our delivery model with nearshore and offshore delivery centers in Brazil and Spain will allow us to deliver those services to customers in a flexible and cost-efficient way," GFT's COO Marika Lulay said.

Founded in 2005, GFT specializes in designing and implementing IT solutions for the financial services industry. The company also provides IT specialists to firms in all industries.

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After winning a significant contract for a Brazilian financial services company in 2003, GFT decided to enter the South American market by opening a development center in São Paulo.

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US internet security software firm Check Point (Nasdaq: CHKP) has acquired Israeli firm Dynasec, a provider of governance, risk management and compliance (GRC) solutions, the former said in a statement.

The transaction is expected to close within the next month. Terms of the acquisition will not be disclosed.

With the acquisition, Check Point will be able to combine its security offer with Dynasec's GRC solutions to help customers meet compliance requirements by implementing IT security policies and address security as a business process.

Check Point relies on channel partners for 100% of its Latin American sales. The company has offices in Mexico, Brazil, Colombia and Argentina.