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Can S&P/TSX 60 Banking Software Expansion Lift CSU Growth?
Peocit serves more than 4,000 financial institutions across India and will join Hercules Portfolio, adding core banking and lending software.
- On Monday, May 18, 2026, the Hercules Portfolio of Andromeda Software Inc. announced the acquisition of Peocit Software Solutions Pvt, which serves more than 4,000 financial institutions across India.
- Founded in 2002, Peocit provides multi-lingual banking solutions to cooperative societies and non-banking financial companies across India's financial sector.
- Bonnie Wilhelm, Andromeda's chief executive officer, said Peocit is "exactly the kind of business we look for," citing strong products and loyal customers in India's dynamic financial services sector.
- Peocit founders Abhijit Nangare, Deepak Surana, and Shrikant Mulay stated joining the Andromeda family marks a "significant milestone" that ensures the business's longevity and sustained growth.
- Constellation Software Inc., Andromeda's parent company, maintains a long-term investment strategy of holding businesses indefinitely, ensuring permanent commitment to Peocit's customers and stakeholders.
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Total News Sources11
Leaning Left3Leaning Right2Center4Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 33%
C 45%
R 22%
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