ASPone Ltd, provider of financial networks, trading applications and solutions for the financial markets are pleased to announce a partnership with Earthport plc. that will see us develop a range of transaction systems to support Earthport’s expanding portfolio of payments services.
This reinforcement of our customer-supplier relationship sees us entering into an agreement whereby Earthport will procure a 45% stake in ASPone in four years’ time. We see this as a strong vote of confidence in our long acknowledged technical capabilities which derive from our teams in Europe and Asia. This new stage in an established relationship will see us developing new strategic capabilities, building on the momentum that Earthport has created with several new blue-chip client signings in recent months. In tandem Earthport will be seeking to leverage our sophisticated and highly scalable development capabilities to better serve its existing and future clients, and continue to enhance the functionality of its leading payments platform.
The existing ASPone network and trading system business lines will continue to operate alongside the burgeoning payments systems business, providing a balanced portfolio of technology services for a range of financial markets.