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Trintech Completes Acquisition of Financial Provider's Primary Assets

AUSTIN-Finanical provider Globeset Inc. is getting rid of its liabilities in a $31-million takeover of primary assets by Trintech, a 14-year-old firm based in San Mateo, CA. Globeset's Austin office will remain open as will offices in Addison, Tokyo, Hong Kong and London.

By Jackie Isaly | Updated on January 03, 2001

AUSTIN-A California-based IT operation has finalized its $31-million takeover of the primary assets of Globeset Inc., an Austin and Addison-based financial infrastructure provider.

The deal calls for Trintech to assume Globeset’s liabilities and $10 million in stock, with the balance in cash. Globeset’s home office at 9606 N. Mopac Blvd. in Austin will remain open and operations will continue, a Trintech source told GlobeSt.com. Globeset’s other offices in Addison, Tokyo, Hong Kong and London will also continue operations, the source says.

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