Expertus Technologies acquired by IBM

2 minute read
15 December 2020

On December 15, 2020, IBM (NYSE: IBM) announced that it had acquired Expertus Technologies Inc. ("Expertus"), strengthening IBM's portfolio as an end-to-end digital payments solution provider and advancing its hybrid cloud and AI strategy. 

Expertus is a leading FinTech company based in Montréal, providing cloud-based solutions designed for the financial services and payments industries. Over 1,000 banks, credit unions, regulatory authorities and major corporations worldwide process transactions averaging more than $50 billion per day on its payment platform. Expertus is also one of the largest North American services bureaus of the Society for Worldwide Interbank Financial Transactions (SWIFT), a vast network used by banks and other financial institutions to manage money transfers and treasury transactions.

Gowling WLG advised Expertus in this transaction with a Canada-UK team led by Marc Tremblay and that included Stefan Nasswetter, Abida Ludin and Mathieu Santos-Bouffard (corporate/M&A), Daniel Lacelle and Laura Gheorghiu (tax), Michael Garellek (regulatory), Julie Desrochers (real estate), Josée Gervais (employment) and Julia Kappler (intellectual property), assisted by paralegal Tanya De Nardis in Montreal; Wendy Wagner (privacy/cyber security) in Ottawa; Christopher Oates (privacy) in Toronto; Ian Mason (financial services) in London; and Helen Davenport and Rocio de la Cruz (privacy) in Birmingham.

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