Mergers and acquisitions

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/Mergers and acquisitions

Q2 buys Social Money

Q2 Holdings, Inc. (NYSE: QTWO), a provider of secure, cloud-based virtual banking solutions, today announced the acquisition of Des Moines, Iowa-based Social Money, a financial services software company that offers a modern, cloud-based platform that assists financial institutions in their direct digital strategies, best represented in their award-winning SmartyPig product.

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Wealthsimple acquires automated investment manager ShareOwner

Wealthsimple Financial Inc., Canada's leading online investing service, announced it has acquired Canadian ShareOwner Investments Inc., the country's first automated investment manager.

/Mergers and acquisitions

FIS completes SunGard acquisition

FIS (NYSE: FIS), a global leader in banking and payments technology as well as consulting and outsourcing solutions, today announced the closing of its acquisition of SunGard, one of the world’s leading financial software and technology services companies.

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Warburg Pincus and General Atlantic acquires 49% stake in Network International

Network International (the “Company”), a leading payment solutions provider in the Middle East and Africa, today announced that affiliates of global investment firms Warburg Pincus and General Atlantic have agreed to acquire a 49% stake in the Company from The Abraaj Group (“Abraaj”).

/Mergers and acquisitions

MyBucks and Opportunity International Partner to drive financial inclusion for 460 million unbanked

Opportunity, Inc., a next generation microfinance organization that invests philanthropic and social impact capital to spark and scale innovative solutions to global poverty, has entered into a share purchase agreement to sell six banks serving sub-Saharan Africa to the MyBucks Group, a Luxembourg-based financial technology (fintech) company which holds the three brands GetBucks, GetSure and GetBanked.

/Mergers and acquisitions

Prepaid Financial Services announces the sale of 5% of its shares for £2.5m

Prepaid Financial Services (PFS), a leading e-money institution that specialises in prepaid card issuing, acquiring and providing alternative banking solutions via its own technology platform, today announced it has sold 5% of the company to a strategic investor after being valued in excess of £50m.

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Western Union confirms acqusition talks with OzForex

The Western Union Company (NYSE: WU) today confirmed that it has submitted a non-binding, indicative proposal to potentially acquire online payments services provider OzForex Group Limited, which is listed on the Australian Stock Exchange.

/Mergers and acquisitions

PayPal closes Xoom acquisition

PayPal, Inc. (PYPL) and Xoom Corporation (XOOM) today announced that PayPal has completed its previously announced acquisition of Xoom.

/Mergers and acquisitions

Broadridge buys QED Financial Systems

Broadridge Financial Solutions, Inc. (BR) has acquired privately-held investment accounting solutions provider QED Financial Systems, Inc. QED provides software-based investment accounting solutions, data management and outsourced investment accounting services to more than 40 institutional investors and asset managers who together have more than $1.5 trillion in assets under management. Terms of the transaction were not disclosed.

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Verifone buys Germany's InterCard

Verifone (PAY) announced today that it has signed an agreement to acquire InterCard AG, a leading Payment as a Service provider in Germany.

/Mergers and acquisitions

Virtusa to acquire majority stake in Polaris

Polaris Consulting and Services Ltd. (“Polaris”), an innovator in digital transformation and financial technology, has entered into a definitive Share Purchase Agreement (SPA) with Virtusa Corporation (“Virtusa”) whereby a subsidiary of Virtusa will acquire approximately 53% of the paid up share capital of Polaris from certain promoter entities led by Arun Jain and certain other shareholders, including OrbiTech Private Ltd (formerly known as Orbitech Limited).

/Mergers and acquisitions

OneMarketData acquires Tick Data

OneMarketData, the founders of OneTick, a single solution for event stream processing and time series management of historical and real-time tick data, today announced the acquisition of Virginia-based Tick Data Inc., a trusted and leading provider of historical intraday exchange time series data, for an undisclosed sum.

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LSE completes sale of Proquote to Iress

London Stock Exchange Group today confirms that it has completed the sale of Proquote, a market data vendor and retail trading provider in the United Kingdom, to Iress, as announced on 15 September 2015.

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Digital Asset Holdings acquires Blockstack.io

Digital Asset Holdings and Blockstack.io today announced that they have entered into an agreement under which Digital Asset will acquire San Francisco-based Blockstack, a firm that offers a “blockchain-as-a-service” to enable financial institutions to develop applications on a private blockchain.

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Heartland Payment Systems posts Q3 net income rise; buys Digital Dining

Heartland Payment Systems, Inc. (HPY), one of the nation's largest payment processors, today announced record third quarter Adjusted Net Income and Adjusted Earnings per Share of $29.7 million and $0.79, respectively, for the quarter ended September 30, 2015.

/Mergers and acquisitions

PwC buys forensic data search platform Kusiri

PwC’s deals and forensics practice has acquired the assets of Kusiri, a technology start-up which provides a forensic data search platform used to discover fraud and for compliance screening. Six people from Kusiri joined PwC’s forensics team on Monday 26 October.

/Mergers and acquisitions

Eze Software to acquire TKS Solutions

Eze Software Group, a premier provider of global financial technology, has signed a definitive agreement to acquire TKS Solutions, LLC, a Mount Kisco, N.Y.-based specialty software provider of shareholder and partnership accounting tools, for an undisclosed amount. The deal is expected to close next month.

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Reynolds moves into mortgage processing with IDS acquisition

Reynolds and Reynolds, a leading provider of automotive dealership software, documents and compliance services, and digital marketing, today announced the company has acquired IDS, a leading provider of mortgage documents and compliance services.

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Fastacash acquires stake in Myanmar's MyPay

fastacash, a global platform enabling payments across social, has made a strategic investment in Myanmar focused company, MyPAY.

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FactSet closes Portware acquisition

FactSet Research Systems Inc. (NYSE:FDS) (NASDAQ:FDS), a leading provider of integrated financial information and analytical applications to the global investment community, today announced that following regulatory approval, it has completed its acquisition of all the issued and outstanding membership interests of Portware, LLC.