CR2 secures major investment from Trinity Venture Capital, ACT and Management

Wednesday 18 May 2005 16:43 CET | News

CR2 Group, a global provider of channel banking ATM and card payment solutions, announces that significant investment will be injected into the company, which has been raised between the three parties of new investors Trinity Venture Capital (Trinity), ACT Venture Capital (existing investors) and CR2’s management team, appointed in 2004.

As part of the transaction Trinity along with CR2’s new management team have acquired a considerable stake in the organisation from its existing shareholders. A new CR2 board is to be appointed shortly, and will include representations from the CR2 Management Team, ACT Venture Capital and Trinity Venture Capital. CR2, which was established in 1997, has in excess of 100 clients in over sixty-five countries. It has a global network of offices located in Dublin, Dubai, London, Bangalore, and Perth, with recent representation established in Johannesburg. This injection of capital will be used for CR2’s market expansion into Asia and Europe and the development of new products in CR2’s Dublin Development Centre.

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Keywords: ,
Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce