After close to six years of founding Prizm Payments,and building a greate foundation as the leading payments company in india, we are at a threshold where we needed a strong financial and strategic partner to take us to the next level in order to achieve exponential growth as well as expand into international markets.
In order to achieve the above objectives we have reached agreements between the shareholders of Prizm Payments and Hitachi whereby Prizm Payments will be acquired by Hitachi and will become a subsidiary of Hitachi.
With the brand and global reach, we believe that Prizm Payments by becoming a part of the Hitachi family will give us:
|. Faster and easy access to new markets|
|. Access to their MNC and Global customer base|
|. Access to leading technology solutions including ATM/Cash Deposit systems, IT services and consulting services which will give us an expanded range of products and services to offer to our customers.|
|. Better opportunities for the employees , since the we will become
part of diverse, multifaceted, US$ 90 Billion + organisation |
Prizm Payments has had a long association with Hitachi over the last four years through one of their subsidiaries called Hitachi Omron Transaction Systems (HOTS), in bringing their world class Cash Deposit Machines (CDM) into the India market. Over time, our close business relationship evolved into strategic discussions early part of this year, and concluded yesterday, wherein we reached an agreement that works to the benefit of all stake holders namely our existing investors (Sequoia Capital, Axis Bank etc.), Founders, Employees and Customers.
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