Technology services companies begin merger talks

29 April 2015

Transaction Solutions Limited (TAS) and Data Action Pty Limited (Data Action) have announced they are in discussions to explore the benefits of a merger of the two companies.
The Adelaide-based Data Action provides banking software and hosting services to the mutual financial services sector, while the Sydney-based TAS provides hosting services, also primarily to the mutual financial services sector.

Commenting on the possible merger, Data Action Chair Wayne Matters said should the merger proceed, the big winner would be the mutual banking sector, which forms much of the client base of the two companies. “Data Action and TAS both recognise we have a role to play in the success of the mutual sector by working with our clients to create a compelling alternative to the Big Four banks,” said Mr Matters. A further update on the progress of the merger discussions will be announced in due course.