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FIME ACQUIRED BY CHEQUERS CAPITAL

Published by Gbaf News

Posted on June 3, 2016

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New investment will accelerate growth and bring substantial benefits to FIME’s stakeholders

FIME, a world leader in certification consultancy and testing for secure electronic transactions, has been acquired from Orange by independent investment firm Chequers Capital. The new ownership framework will enable FIME to enhance its assertive expansion strategy to offer new services in emerging markets and increase its geographical presence globally.

Chequers Capital has extensive experience in developing companies, both organically and through acquisitions and works with their management teams to drive growth. It will support FIME’s offering expansion in consulting services, technical training, technology design, test tools and certification testing across the financial services, telecom, transport and identity sectors. Investment will also be made to increase FIME’s global footprint through new laboratory locations.

Pascal Le Ray, CEO at FIME, comments: “FIME is operating in markets that are experiencing major changes due to technological developments. This is happening in our core payments market, as well as in new areas of development such as machine to machine and the internet of things. To continue our sustained growth in this context, FIME will invest in R&D and further international expansion. The support of Chequers Capital will essentially provide FIME with the agility and resources to accelerate its growth and be even more responsive to our customers’ and partners’ needs.”

FIME’s management structure and 500 strong team, which is based across its seven locations (Canada, France, USA, India, South Korea, Taiwan and Japan) will remain unchanged.

“This is an extremely exciting chapter in FIME’s evolution,” concludes Le Ray. “As we grow and expand our staff, customers and partners will benefit from many new opportunities thanks to increased flexibility, capacity and global reach.”

For more information on FIME visit https://www.fime.com/.