Cassiopae, the French asset and motor finance software provider, has acquired the Crédito business unit of Brazilian firm Disoft Solutions.
One of four business units operated by Disoft, Crédito provides software systems for the lease and loan portfolio management.
The new firm will operate as Cassiopae Brasil, with Cassiopae’s Georges Legrand installed as chief executive. Legrand said the acquisition "will bring new business opportunities to companies in the entire Latin American region."
Cassiopae described its V4 software, used for equipment finance, vehicle and fleet management, as "highly-configurable" and suited to the developing lending market in Brazil.
Many of Cassiopae’s worldwide clients have business operations in Latin America or are planning expansion into that region, according to the firm.
Cassiopae’s latest acquisition follows its targeting of consumer motor finance as an area for future growth, after having recently been working with the consumer motor finance arm of a major French bank in Germany.
Cassiopae has focused on international expansion through acquisitions, with the purchases of French firm InfoParc and UK-based Field Solutions during 2011 and moves into the Asian and Brazilian markets in 2012 in partnership with existing clients.