Juniper Group, an operating group of Vela Software and Constellation Software, Inc., announced Tuesday the acquisition of Tagit Singapore Pte Ltd., a global digital banking solution provider.

Jupiter said in a statement that Tagit will be part of TSI Group, a division of Juniper Group, with headquarters in Chennai, India.

This transaction is the third acquisition completed by TSI Group since it joined Juniper Group in 2020, being the second acquisition in its core market India.

TSI Group, with TSI and SysArc already servicing some of the leading financial institutions in the world, will be able to strengthen its value proposition to its customers with Tagit’s innovative solutions who, in turn, will benefit from Juniper Group’s and Vela Software’s core markets’ knowledge and industry expertise.

Headquartered in Singapore, the core of Tagit’s offering is the Mobeix Digital Banking Platform, an open API, cloud-native solution complemented by a suite of ready-to-deploy digital banking products, including retail banking, corporate banking, family banking, and digital onboarding.

Tagit’s scalable, proven solutions enable banks to efficiently process over $100 billion in transactions annually, accelerate time to market, and deliver secure, personalized user experiences without reliance on large in-house development teams.

“This milestone reflects our shared commitment to innovation and customer success,

“As part of the Juniper Group, we are well positioned to accelerate our product roadmap, expand our market reach, and deliver greater long-term value to our customers and partners worldwide,” Sandeep Bagaria, Chief Executive Officer of Tagit.

Karthik Doraiswamy, Chief Executive Officer of TSI Group, stated that Tagit’s talented team and high performing technology stack are a fantastic addition to our portfolio of financial technology software companies.

“Together, we can deliver more comprehensive solutions and meet the full range of technology needs for our customers and partners,” he added.

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