New York-based Smart Commerce Inc is a provider of smart card technology that is likely to increase Aconite’s attractiveness for Canadian banks and card issuers seeking technology partners to meet the latest EMV initiatives.

Mike Woods, Aconite’s CEO says, The Canadian market is strategic to Aconite’s overall business plan of building a global solutions business. The acquisition will strengthen Aconite’s capability of supporting our growing number of clients in the region and also accelerate plans to actively develop new business in North and South America.