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Clear2Pay Buys Diagram EDI

Clear2Pay NV, a Belgian provider of payment solutions for financial institutions, has acquired Diagram EDI, a French provider of e-banking and online payment solutions. No financial terms were disclosed. Clear2Pay has raised around $40 million in VC funding since 2001, from firms like Big Bang Ventures, Intel Capital, GIMV, Quest Management, Iris Capital, AGF Private Equity and TrustCapital Partners.

Clear2Pay, the international technology provider of next generation payment solutions for financial institutions has acquired Diagram EDI (F), an internationally operating e-banking and payment solutions provider.

Since its inception in 1986 Diagram has been engaged in the electronic banking field; currently providing a range of end-to-end internet banking solutions for both retail and corporate banking environments. Its multi-channel e-Banking suite can easily be integrated with existing legacy products and infrastructures within a financial institution. Through its offices in France, Algeria and Egypt and a network of partners and affiliates the company has implemented projects in over 50 countries. Clients include BNP Paribas, Societ