M2M Group is a Moroccan holding company that provides electronic transaction processing software, consulting, systems integration and outsourcing. The Group serves the banking, retail, telecom, petroleum, healthcare, government, transportation and human resources sectors.
M2M Group was established in 2002, assembling several subsidiaries under one umbrella. The now dissolved M2M CAM, previously known as Monétique, Sécurité et Réseaux, was the first of the group's subsidiaries, established in 1990. M2M Systèmes Bancaires (M2M SB), established in 1996, develops software payment systems and card services for the banking sector. M2M Systèmes d'Information (M2M SI), previously known as M2M Téléphonie et Télécommunication, develops secured electronic transactions for the healthcare, transportation and manufacturing industries and designs human resources software.
The company acquired M2M Secure Payment Services (M2M SPS), in 2003, an outsourcing entity based in Morocco. In 2004, M2M Electronic Systems became M2M Africa, joining M2M Europe, M2M Middle East and M2M Americas, as one of the company's major international arms.
M2M Group is undergoing an IPO in June 2007 offering 20% of its shares on the
Casablanca Stock ExchangeCasablanca Stock Exchange
to raise MAD141.8 million (USD17million). The company's paid up capital in 2002 was MAD17.9 million (USD1.6million), by May 2007, it had increased to MAD64.7 million (USD7.7 million).