Banking Tech Shop Registers with CVM

Senior Solutions, a provider of IT and outsourcing services to Brazilian banks, has filed for a registration with domestic securities regulators. The move is often the first step in an IPO or the sale of debentures in the public market. A company official declines to discuss whether the company has any transaction plans. The firm reports gross revenues of BRL41.9m ($23m) in 2011, up from BRL40.5m in 2010 and just BRL14.9m in 2006. It has received growth funds from BNDESPar and private equity fund Stratus.