Global IT services company UST said it has acquired Austin, Texas-based fintech company Tailwind Business Ventures, strengthening the company’s position in a dynamic sector while also expanding its presence in South America. Aliso Viejo-based UST did not release financial details.
With more than 220 employees globally, Tailwind has expertise in the banking and financial services domain that will bolster UST’s standing in the key market. Tailwind also maintains a base in Rio de Janeiro.
“Tailwind’s core banking expertise, combined with UST’s strengths in modernization, AI, and enterprise transformation, gives us the scale and depth to solve banks’ toughest challenges,” UST President Manu Gopinath said in a statement.
