RBR, AITE-NOVARICA GROUP ANNOUNCE INTENTION TO MERGE

KUALA LUMPUR, April 13 (Bernama) -- RBR, the leading provider of strategic research and data on banking automation, cards, payments, and retail technology, and Aite-Novarica Group (ANG), an advisory firm providing mission-critical insights on technology, regulations, markets, and operations to banks, payment providers, insurers, and securities firms have announced their intention to merge.

“RBR has built both a world-class research and data collection reputation and deep relationships with its customers,” says Kurt Reisenberg, CEO of the combined company.

“Combining RBR's unrivalled data products and research capabilities with Aite-Novarica Group’s market-leading insights and advisory services creates an unparalleled combination with potential to deliver even more impact to our clients.”

RBR’s global market research offerings are relied upon by leading payment networks and financial and retail technology suppliers worldwide, according to a statement.

Joining with Aite-Novarica Group further solidifies its position as the pre-eminent insights and advisory firm focused on financial services. Additionally, RBR's location and formidable reputation around the globe immediately expand Aite-Novarica Group’s international presence.

On the merger, RBR MD, Dominic Hirsch says: “ANG’s analyst-driven advisory capabilities and strong foothold in the US complement RBR’s global industry research and client reach. RBR is excited to begin a new chapter in its three-decade long history of providing excellence to clients in the cards, payments, banking and retail technology sectors.”

The leadership teams of RBR and ANG will be coming together to ensure the merger delivers maximum value to clients and fully leverages the opportunities it creates.

Both organisations will continue to offer their entire suite of reports, subscriptions, data services, bespoke research and consulting, and conferences, and will continue operating as independent brands pending a comprehensive and strategic branding review, with the combined company jointly headquartered in Boston and London.

The firms maintain individual web presences at https://rbrlondon.com and https://aite-novarica.com.

-- BERNAMA