HPS (CSE: HPS), a leading global provider of software and payment solutions, announces that it has signed an agreement to sell, subject to conditions precedent, its Testing business, including the Acpqualife name, to Synanto Services SAS.

This sale is part of the Group's AccelR8 strategic plan and aims to focus HPS Group's resources and investments on its core business, payment solutions, and to strengthen its growth trajectory. The Testing business, whose growth and margin prospects were significantly lower than those of the Group's other activities, will find within the Synanto Group a more favorable environment for its development.

As part of this transaction, all customer and supplier contracts related to the Testing business, to Acpqualife name, as well as the employees concerned will be transferred to Synanto, ensuring business continuity and offering new career development opportunities to the teams. Operations in France related to the Group's other activities remain unchanged and will continue to be strengthened, in line with the AccelR8 growth plan.

Synanto is a fast-growing French Digital Services Company (DSC) with over 250 employees and an annual turnover of €25 million. Its decentralized and entrepreneurial operating model, based on local agencies located in several French regions as well as in Luxembourg and Tunisia, promotes autonomy, customer proximity, and talent development. Synanto has been working for over 15 years with leading clients in a variety of sectors, with a strong focus on banking, finance, and insurance.

Abdeslam Smaili Alaoui, CEO of HPS, said:
"This sale represents an important step in the implementation of our AccelR8 strategic plan. It allows us to strengthen our focus on payments, while offering Testing employees new perspectives within a player that places talent and proximity at the heart of its model."

Julien Vallon, President of Synanto, adds:

“We are delighted to welcome Acpqualife’s Testing teams. Their expertise perfectly complements our own know-how and will help strengthen our position in the Banking, Finance, and Insurance sector. At Synanto, we believe in the proximity and autonomy of our agencies, and we are committed to supporting these new talents in their development.”

Norton Rose Fulbright is acting as legal advisor to HPS. Terms of the acquisition are not being disclosed. The transaction is subject to customary regulatory conditions and is expected to close in the coming months.

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About HPS

HPS is a multinational company and a leading provider of payment solutions and services for issuers, acquirers, card processors, independent sales organisations (ISOs), retailers, mobile network operators (MNOs), and national & regional switches around the world.

PowerCARD is HPS comprehensive suite of solutions that covers the entire payment value chain by enabling innovative payments through its open platform that allows the processing of any transaction coming from any channel initiated by any means-of-payment. PowerCARD is used by more than 450 users in over 90 countries.

HPS is listed on the Casablanca Stock Exchange since 2006 and has offices located in major business centres (Africa, Europe, Asia, Middle-East).

For more information : www.hps-worldwide.com

About Synanto

Synanto is a local digital services company with over 250 employees and an annual turnover of €25 million. Located in France, Luxembourg, and Tunisia, Synanto specializes in business consulting/project management, business intelligence, and data science. Its decentralized model, based on autonomous agencies, promotes entrepreneurship, responsiveness, and talent development. Synanto has been operating in a variety of sectors for over 15 years, with a strong focus on banking, finance, and insurance.