American IT company merges with Kazakhstani Prime Source

Prime Source software is used, for example, to combat money laundering and terrorist financing, so-called AML systems, and is installed, according to management statements, in 9 out of 10 largest banks in Kazakhstan. Prime Source products allow optimizing business processes using software robots, integrating disparate data repositories, and more. The portfolio covers more than 400 projects in the financial sector, telecommunications, industry, and the public sector.

Evgeny Shcherbinin, CEO of Prime Source  

The deal is happening. Next week we will hold a press conference in Almaty on this matter, where we will reveal the details. Essentially, an international corporation is being created that will develop products for both Kazakhstan and the international market. All our existing contracts remain in effect. Prime Source continues to operate in its usual mode, remaining a legally Kazakhstani company. At the same time, by joining forces with our American partners, we are entering global markets. This opens up numerous new opportunities for all parties involved.