RELEASE: Panamax Inc. Acquires Acute Informatics

(Information sent by the signatory company).

RELEASE: Panamax Inc. Acquires Acute Informatics

(Information sent by the signatory company)

- Panamax Inc., a Bankai company, makes a strategic move for its core banking solution: acquires Acute Informatics

AHMEDABAD, India, Feb. 21, 2023 /PRNewswire/ -- Panamax Inc., a Bankai company and a world leader in fintech development, recently announced that it has acquired Acute Informatics, a digital core banking enterprise solution and IT Consulting in Ahmedabad. The acquisition aims to enhance Panamax's digital finance solutions and offer digital core banking solutions globally.

The acquisition is vital to bringing together the right teams and bringing a cohesive group of experts to deliver enhanced digital financial solutions to millions of users around the world. Panamax has invested in a state-of-the-art office to build a Digital Core Banking Center of Excellence (CoE) for more than 500 Acute Informatics employees and meet the needs of more than 120 global clients.

"We are excited about the acquisition of Acute Informatics; it is a strategic move to expand our horizons and offer a core banking solution in the international space. The acquisition will drive growth and success as the company has a strong track record of innovation, execution, operational excellence, and developing teams that deliver results," said Bankim Brahmbhatt, President and CEO of Panamax Inc.

"We are delighted to join Panamax Inc., the fintech and telecommunications industry leader for the past three decades. The merger will help our company expand its global presence, drive excellence and scale our business," Chirag said. Patel, CEO of Acute Informatics.

The acquisition is expected to result in increased efficiencies in the digital core banking ecosystem and significantly increase the company's market share.

About Panamax Inc.

Panamax is a world leader in providing Digital Financial Suite and Fintech Solutions. MobiFin Elite, Panamax's digital financial solution, offers scalability and ease of operation by merging mobile banking, agency banking, wallet, top-up and bill payment solutions into a single interface.

Panamax's Banking Suite provides a holistic digital banking experience with innovative features for operational efficiency. It helps banks and financial institutions to offer contemporary banking services, facilitate online banking and reduce infrastructure costs.

About Acute Informatics

Acute Informatics Pvt. Ltd. is an IT consulting, project mentoring, financial technology and digital core banking company with multi-part delivery capabilities.

They envision delivering value to clients around the world using an effective global delivery model for digital banking, cloud computing, fintech, microfinance, financial inclusion, systems integration, database administration, systems administration, deployment, testing. and support.


Panamax Inc. E-mail: info@panamaxil.comTel: 1 757 500 7062Website:


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