7 months ago
UST Acquires Tailwind to Strengthen Fintech Position
UST, a big technology company, has bought Tailwind, a fintech company.
Tailwind helps banks with digital solutions and has offices in the USA, Brazil, Sri Lanka, and Portugal.
UST thinks this buy will help them do better in the banking technology world.
They will now have more than 220 employees who are experts in banking tech.
UST's leader said this will help them serve banks better in places like South America, Asia, and Africa.
Tailwind's leader is happy to join UST and thinks they can do great things together.
They didn't say how much money was spent on this deal.
UST acquires Texas-based fintech company Tailwind Business Ventures to strengthen its position in the banking and financial services sector.
Tailwind has over 220 employees globally with offices in Austin, Rio de Janeiro, Sri Lanka, and Portugal.
The acquisition aims to expand UST's share of digital banking solutions implementation and support services for banks and credit unions.
Tailwind specializes in AI-based digital banking solutions, legacy system modernization, and product customization for financial institutions.
UST plans to leverage Tailwind's expertise to drive end-to-end banking transformation in emerging markets like LATAM, APAC, and Africa.
- Who
- UST and Tailwind Business Ventures
- What
- UST's acquisition of Tailwind
- Where
- Global (offices in Austin, Rio de Janeiro, Sri Lanka, Portugal)
- When
- January 2024
- Why
- To strengthen UST's position in the fintech sector and expand its presence in South America and other emerging markets
Key facts
- Acquirer
- UST
- Acquired Company
- Tailwind Business Ventures
- Founded Year
- 2003
- Global Employees
- 220
- Key Services
- AI-based digital banking, legacy system modernization, product customization
- Key Markets
- North America, LATAM, APAC, Africa
- Partnerships
- Temenos, Q2
Quotes
Manu Gopinath
President, UST
“I am excited to welcome the Tailwind team to UST. Tailwind’s core banking expertise, combined with UST’s strengths in modernization, AI, and enterprise transformation, gives us the scale and depth to solve banks’ toughest challenges. Together, we bring hyper-personalization, integrated systems architecture, and security by design that not only improves customer journeys but also rebuilds trust and confidence across the banking ecosystem. We are now better positioned to drive end-to-end banking transformation in emerging and high-growth markets–LATAM, APAC, and Africa–where mid-market and large regional banks are looking for partners who truly understand their needs. At the same time, we are deepening our presence in North America with a complete, modern platform and services story that helps banks compete and innovate faster.”
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Vijay Padmanabhan
Chief Financial Officer, UST
“Acquisition of Tailwind marks a strategically significant investment for UST as we strengthen our banking and financial services platforms and solutions. Tailwind’s deep expertise in core banking, delivered through advanced digital banking solutions, enables financial institutions to provide exceptional customer experiences. Tailwind’s partnerships with leading providers such as Temenos and Q2 further enhance the value we deliver to our clients. We are delighted to welcome Tailwind’s talented team to UST and look forward to driving accelerated growth together.”
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Paulo Vieira
Co-founder, Tailwind
“Becoming part of UST is an exciting next chapter for the Tailwind team. Together, we can scale our Software as a Relationship (SAARTM) approach across the world while staying deeply focused on long-term client partnerships. Our shared values and cultural alignment make this a natural fit, and we’re energized by the opportunities ahead. We feel confident that, together, we will build – and launch – a new global software development standard.”
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