PE-backed Trintech acquires Adra Software

The combined company will operate under the name Trintech.

Boston-based Spectrum and Vista, headquartered in San Francisco, backed privately owned Trintech in December 2015. The company offers integrated financial reporting services, as well as governance, risk management and compliance software. Its customers are based in the US, the UK, Australia, France, Ireland, the Netherlands, and the Nordic countries.

In June 2017, Vista merged UK banking software provider Misys with Canadian competitor D+H under the new brand Finastra.

Company
Founded in 1989, Adra is headquartered in Oslo. It provides businesses with cloud-based services for streamlining payment and balance sheet processes. It has a customer base of around 1,300.

People
Trintech – Teresa Mackintosh (CEO).
Adra Software – Lars Owe Nyland (CEO).

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• Topics
• Expansion
• Nordics
• Technology
• Financials
• Norway
• Vista Equity Partners