Author of the article:
TORONTO, Jan. 26, 2023 (GLOBE NEWSWIRE) — Vencora today announced the completion of the acquisition of Quarzo Tecnología (“Quarzo”), which becomes the fifteenth brand under Vencora’s growing financial services portfolio.

Founded in 1995, Quarzo is a leading provider of software solutions for employee associations, savings funds, mutual funds and cooperatives in Central America. Quarzo’s software (CODEAS) is a robust and integrated solution, with more than 55 modules focused on automating and controlling administrative, financial, accounting and customer service functions for its customers. It’s headquartered in San Jose, Costa Rica.
Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.
A welcome email is on its way. If you don’t see it, please check your junk folder.
The next issue of Financial Post Top Stories will soon be in your inbox.
We encountered an issue signing you up. Please try again

“Quarzo’s robust and integrated solutions are well positioned for success under Vencora’s banking portfolio,” said Mirela Verrelli, CEO of Quarzo. “We remain focused on serving our customers’ needs, while looking forward to learning from Vencora leaders, as well as collaborating and becoming stronger together with other banking companies within the portfolio.”

“We are incredibly excited to welcome Quarzo and its CODEAS software to the Vencora family,” said Ateet Patel, Banking Portfolio Manager at Vencora. “The addition of Quarzo both compliments and strengthens Vencora’s banking presence in the Central America region, and we look forward to providing opportunities for Quarzo to build on its incredible success and help propel its growth.”

This acquisition further strengthens Vencora’s position in the banking technology industry. At Vencora, we believe our companies become Stronger Together. Under Vencora, Quarzo will receive support from Vencora leaders, gain new best practices, and have ongoing opportunities to network and learn from leaders of its new sister companies, while the company continues to operate independently.

About Vencora

At Vencora, we build legends and preserve legacies. Vencora provides new acquisitions with business opportunities and the resources to pursue them. We are focused on bringing together a strong family of financial services software businesses to grow and continue serving the best interests of their customers and employees.

For more information, visit vencora.com

About Quarzo Tecnología

Quarzo has a strong presence within Costa Rica and other countries in Central America, with its CODEAS solution, an ERP for Employee Associations. The focus is to provide technology services tailored to the administrative and financial needs of their clients. The objective of these services will always be to generate agility, order, security, and confidence in their processes in an innovative way, making Quarzo a strategic ally. The company continues to evolve, with a focus on addition solutions related to accessing open online marketplaces and regulatory reporting to benefit the member of the Employee Associations.

For more information, visit quarzo.com

For further information:

Jonathan Denbok
Chief Marketing & Strategy Officer
Vencora
jonathan.denbok@vencora.com

Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Comments may take up to an hour for moderation before appearing on the site. We ask you to keep your comments relevant and respectful. We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Visit our Community Guidelines for more information and details on how to adjust your email settings.
365 Bloor Street East, Toronto, Ontario, M4W 3L4
© 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Unauthorized distribution, transmission or republication strictly prohibited.
This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Service and Privacy Policy.

source