Peocit Software Solutions Acquired by Andromeda Software | Financial Services M&A Deal

Andromeda Software has acquired Peocit Software Solutions, a payments processing business in Maryland, for an undisclosed amount. Andromeda Software acquisitions add Peocit’s core banking and lending software capabilities, supporting cooperative societies, NBFCs, and other financial institutions across India with multilingual functionality. The Peocit Software Solutions acquisition strengthens financial services M&A by expanding customer relationships and enabling streamlined lending workflows and improved customer experience for financial services clients. The add on acquisition is an announced strategic acquisition by Andromeda’s Hercules Portfolio, positioning MD acquisitions and international portfolio growth through a bolt-on style integration.