Chequers Capital Acquires FIME

FIME, a world leader in certification consultancy and testing for secure electronic transactions, has been acquired from Orange by independent investment firm Chequers Capital according to sources.

This new ownership layout will allow FIME to reinforce its assertive expansion strategy to offer new services in emerging markets and increase its geographical presence globally.

Chequers Capital is highly experienced in developing companies, both organically and through acquisition and works with their management teams to encourage growth.

Chequers will support FIME’s expansion in consulting services, technical training, technology, technology design, test tools and certification testing throughout the financial services, telecom, transport, and identity sectors.

Investment will also be a main priority for Chequers, looking to increase FIME’s global footprint by adding new laboratory locations.

Pascal Le Ray, CEO at FIME, comments: “FIME is operating in markets that are experiencing major changes due to technological developments. This is happening in our core payments market, as well as in new areas of development such as machine to machine and the internet of things. To continue our sustained growth in this context, FIME will invest in R&D and further international expansion. The support of Chequers Capital will essentially provide FIME with the agility and resources to accelerate its growth and be even more responsive to our customers’ and partners’ needs.”

FIME’s management structure backed by 500 team members, across its seven locations in Canada, France, U.S., India, South Korea, Taiwan, and Japan will remain unchanged.

“This is an extremely exciting chapter in FIME’s evolution,” concludes Le Ray. “As we grow and expand our staff, customers and partners will benefit from many new opportunities thanks to increased flexibility, capacity and global reach.”