M&A M&A
IT services co. UST acquires Texas-based digital banking solutions provider Tailwind
Source Business Line (opens in a new tab)Press Release (opens in a new tab)
California- and Thiruvananthapuram-based AI and technology transformation solutions company UST (formerly UST Global) has acquired Texas-based fintech company Tailwind Business Ventures .Tailwind was founded in 2003 as Integritas Solutions Group with offices in Austin, Texas, USA; and Rio de Janeiro, Brazil. In 2009, it expanded operations to Sri Lanka, with a Portugal delivery centre added in 2019. With over 220 employees globally, it claims proven expertise in the banking and financial services domain.It currently provides a range of advanced technological services to financial institutions worldwide. Core offerings include implementation of AI-based digital banking solutions; modernisation of legacy systems; and customisation of products to meet specific client requirements.The company also delivers product and project management services, guiding clients through stages of their technology journey.