Techno Brain, the software and IT services company, yesterday announced that it has reached agreement with Crown Agents Ltd to acquire trips™, the suite of integrated customs and revenue software. Under this agreement the trips™ core development team of tax and customs software experts will join Techno Brain and form the nucleus of a new business unit.
Crown Agents and Techno Brain have also signed a strategic partnership agreement to continue to serve existing customers and to promote and deliver the trips™ suite worldwide. This partnership will leverage Crown Agents’ considerable tax and customs domain expertise together with Techno Brain’s global technology delivery capability to deliver outstanding outcomes for revenue authorities across the world. Crown Agents pioneered the development of trips™.
This technology supports change, reform and delivery of e-services to taxpayers and is a fully functional and highly configurable suite of dedicated and integrated products providing full customs, tax and single window solutions. “trips™ is a proven revenue solution that has transformed institutions around the world. Having nurtured and developed it over the years, we are pleased to find in Techno Brain an owner who will continue to build on its successes in the future,” said Crown Agents Crown Agents Chief Financial Officer, Ken Coveney.
Mr Manoj Shanker, CEO at Techno Brain Ltd, said: “Customs is at the heart of the global trade network. Income from taxation and customs is the fuel for a country’s progress and wellbeing. Our goal is to have the broadest and best portfolio of solutions to improve trade facilitation and strengthen public financial management.”
Techno Brain is is headquartered in Nairobi, Kenya and employs 1,600 people in operations in more than 24 countries in Africa, Asia, USA, UK and UAE. Crown Agents is an international development specialist headquartered in the UK with people and offices in Asia and Africa, as well as the US and Japan.
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