IT Brief UK covered Paragon’s acquisition of Parseq from Parabellum, and what it adds to Paragon’s outsourced services portfolio.
Paragon has acquired a majority stake in Parseq from Parabellum, boosting its back-office and payments arm.
Parseq provides outsourced workflow services including document handling, financial processing and payment processing, with the deal adding that capability to Paragon’s wider portfolio.
Parabellum took control in 2007 when Parseq was a corporate disposal with 15 staff, making this a near-20-year holding period for the seller.
Chief Executive Craig Naylor-Smith remains in post, with Rami having served as chairman throughout Parabellum’s ownership.
Read the full article at IT Brief UK here.
Featured image courtesy of Timon Studler via Unsplash.
