Ant Financial has finally managed to make its mark in a significant European first. The Chinese financial services giant has agreed to buy UK payments group WorldFirst in a deal worth around $700 million, and after WorldFirst was forced into a rapid fire sale of its US assets. Read more »
G+D Currency Technology, Munich, and Transtrack International, Amsterdam, entered into a definitive agreement today, under which G+D Currency Technology will acquire all shares of Transtrack International. Transtrack International is a market leader in the development of standard software solutions that address the control, efficiency and management of the end-to-end cash supply chain. Read more »
Safe-T®, a leading provider of software-defined access solutions for the hybrid cloud, announced today that it has signed a non-binding letter of intent (LOI) for the acquisition of a fast-growing Israeli company in the business proxy network solution industry. The purchased company offers extensive experience in cloud services, operating a unique, wholly-owned global proxy network technology used by web intelligence and cyber companies. Read more »
Transaction Network Services (TNS) today announced the acquisition of Chicago-based market data, connectivity and hosting specialist R2G Services. With this acquisition, TNS is now a unique full-service managed infrastructure provider that can meet the demanding needs of financial market participants through a single supplier relationship. Founded in 2010, R2G has designed and built an industry leading market data and managed hosting platform.... more Read more »
KeyBank National Association today announced that KeyBank and Laurel Road Bank have entered into a definitive agreement for the acquisition by Key of Laurel Road's digital lending business; Laurel Road's three bank branches located in southeast Connecticut are not part of this transaction. Through the acquisition, Key will enhance its digital capabilities with state-of-the-art, customer-centric technology and will leverage Laurel Road's proven... more Read more »
Banker’s Toolbox, which acquired MainStreet Technologies (MST) and Sageworks in 2018, announced today that it is now Abrigo. The rebrand marks the next step in the high-growth company’s continued journey of becoming the technology platform partner of choice for America’s community financial institutions. Read more »
Engineering and project management consultancy Royal HaskoningDHV has acquired Lanner, a UK-based hybrid software & consultancy firm specialising in predictive simulation for industrial clients. Lanner’s simulation software (WITNESS) connects physical assets, processes and resources into a single digital model that delivers actionable insights to make business operations and supply chains more resilient and efficient. Read more »
Elavon, a global payments provider and subsidiary of U.S. Bancorp, has acquired CenPOS, a Miami-based company offering integrated payment software solutions to large enterprises. CenPOS focuses on three industry verticals: automotive, travel and entertainment (T&E), and general business-to-business transactions, which aligns well with Elavon’s strengths. In addition, CenPOS’ distribution strategy and product capability complement Elavon’s... more Read more »
London-based fintech company Meniga is buying Sweden-based peer Wrapp for an undisclosed amount as it eyes growth in the Nordic region, it said on Thursday. Meniga, which has raised $34 million since founded in Iceland ten years ago, and Wrapp are both providing merchants the ability to offer personalized rewards and cashbacks to consumers based on purchase behavior. Read more »
DXC Technology (NYSE: DXC) and Luxoft Holding, Inc (NYSE: LXFT) today announced a definitive agreement for DXC to acquire Luxoft, a global-scale digital innovator with differentiated offerings, deep vertical industry expertise and world-class digital talent. Read more »
Natixis today announces the acquisition of La Banque Postale’s 50% stake in Titres Cadeaux and becomes the company’s sole shareholder after it was set up by the two banks in 2006. Le Groupe La Poste will remain a prime business partner via a contract to distribute Titres Cadeaux gift vouchers in its post office branches, while Natixis Payments plans to step up development ofTitres Cadeaux gift products with all i Read more »
Temenos (SIX: TEMN), the banking software company, today announces it has agreed to acquire Avoka, a leader in digital customer acquisition and onboarding, subject to regulatory approvals. The acquisition further strengthens the Temenos Digital Front Office product, which has over 300 banking clients and has been recognized as a leader by top analyst houses such as Forrester and Ovum. The Avoka platform will be integrated with the Temenos... more Read more »
Actis, a leading growth markets investor, has announced their agreement to the sale of Compuscan, a provider of credit information and analytics services, to Experian for ZAR3.72 billion (USD263 million). The acquisition is subject to review by the competition regulator in South Africa. Established in South Africa in 1994, Compuscan started as a credit bureau, focused on the micro-lending industry. It enabled micro lenders to avoid financial... more Read more »
Actis, a leading growth markets investor, has announced their agreement to the sale of Compuscan, a provider of credit information and analytics services, to Experian for ZAR3.72 billion (USD263 million). The acquisition is subject to review by the competition regulator in South Africa. Established in South Africa in 1994, Compuscan started as a credit bureau, focused on the micro-lending industry. It enabled micro lenders to avoid financial... more Read more »
SGG Group, a leading investor services firm, backed by Astorg, is pleased to announce that regulatory approvals have been received and the transaction to acquire Augentius has successfully completed. This acquisition reinforces SGG Group’s position as the 4th largest independent investor services firm and one of the top 3 independent administrators to the alternative investment community in the world, with the deal growing its assets under... more Read more »
