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Takes majority shareholding in Polish ATM & cash management innovator F1 Solution
Bari, Italy 19th January 2023 – Auriga, a global software provider for the omnichannel banking and payments industry, today announced it is taking a majority shareholding in F1 Solutions, a Warsaw-based, multi-vendor ATM, cash management and cash recycler software vendor. The deal furthers Auriga’s international expansion strategy and will help the business enter the Polish market and grow in Central and Eastern Europe (CEE).
Founded in 2014, F1 Solutions is focused on software for cash management and multivendor applications for ATM machines and cash recyclers. Its software F1 TPS Suite runs on a quarter of ATMs in Poland, while its cash management solution system is used by the biggest banks in Poland. The full team of skilled analysts, developers, and testers at F1 Solutions will be joining Auriga.
The F1 TPS suite, which like Auriga’s WinWebServer ( WWS) software solution is hardware agnostic, highly adaptable and complies with the NDC/DDC environment/infrastructure, manages all self-service operations optimally with full insight. The software is designed to accelerate innovation through personalised customer experience and adaptable development technology. It provides full support of processing all transactions and processes including withdrawals, cash-in, goods and services, etc, as well as cash management and active monitoring.
Vincenzo Fiore, CEO, and founder of Auriga said:
We are delighted to bring F1 Solutions into the Auriga family. They share our passion for technology innovation and transforming self-service banking with modern software solutions. The acquisition also enables us to expand our presence in the region, helping more banks and ATM operators deliver improved services to customers and achieve significant operational efficiencies”
Łukasz Fusiara, CEO, F1 Solutions said:
We are very pleased with this new formal cooperation between Auriga and F1 Solutions and to be supporting the implementation and deployment of Auriga solutions in the CEE region. For F1, joining forces with Auriga gives us the opportunity to grow by our software internationally and expand our customer base
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