GSTechnologies / Semnet 2023
GSTechnologies Limited acquired Semnet for $2M on December 6, 2023.
- Target
- Semnet
- Acquirer
- GSTechnologies Limited
- Deal value
- $2M
- Announced
- December 6, 2023
- Sub-sector
- Neobank
Transaction overview
- GSTechnologies Limited announced the acquisition of Semnet on December 6, 2023 for $2M.
- The deal is expected to close pending customary conditions.
Strategic rationale
Acquire cybersecurity expertise and licenses critical to GS Money and B2B neobanking operations, supporting Angra Global customer onboarding and white-label solutions.
Deal terms & multiples
Frequently asked questions
How much did GSTechnologies Limited pay for Semnet?
GSTechnologies Limited acquired Semnet for $2M, announced on December 6, 2023.
When did GSTechnologies Limited announce the acquisition of Semnet?
GSTechnologies Limited announced the acquisition of Semnet on December 6, 2023.
What sub-sector is Semnet in?
Semnet is tracked in the Neobank sub-sector.
Sources
- directorstalkinterviews.com /gstechnologies-limited-acquire-singapore-cybersecurity-company-semnet-pte/4121135297