TORONTO, ON, August 1, 2019 -- Volaris Group Inc. (“Volaris”) today announced that it has acquired Strategic Information Technology Limited (“SIT”) based in Stouffville, Canada. As part of the acquisition, SIT has been officially renamed to Portfolio+ Inc. (“Portfolio+”) to better align with its customers, market and solutions.
Portfolio+ connects financial institutions with customers and partners using innovative technologies. Its banking software & digital financial solutions are widely used by financial institutions and represents Volaris’ third company in the Banking and Credit Union vertical.
Portfolio+ is an open banking platform that includes software applications for loans, mortgages term deposits, investments and retail banking. Portfolio+ has pioneered FinTech solutions to drive banking business for over 30 years.
“Strategic Information Technology has a tradition of building and delivering innovative financial services software and services through strong customer relationships,” said Chris Buck, CEO of Portfolio+. “Now, as part of Volaris, we look forward to expanding our software and services capabilities as our customers compete in a technology driven API enabled digital ecosystem under the name of Portfolio+.”
In keeping with Volaris’ philosophy of acquire, strengthen and grow, Portfolio+ maintains its independence with support, coaching and best practices from Volaris. Chris Buck leads the business as CEO, along with the existing management team.
About Volaris Group
Volaris acquires, strengthens and grows vertical market technology companies. As an operating group of Constellation Software Inc., Volaris is all about strengthening businesses within the markets they compete and enabling them to grow – whether that growth comes through organic measures such as new initiatives and product development, day-to-day business, or through complementary acquisitions. Learn more at www.volarisgroup.com.
For more information, please contact:
Kim Emmerson, CMO
Tel: +1 647 738 5977