Latest Mergers and acquisitions News: Finextra Research

Temenos moves into fund admin with Multifonds acquisition

Core banking vendor Temenos is to move into the fast-growing funds admin business with a EUR235 million acquisition of Luxembourg-based Multifonds

04 March 2015

News/Mergers and acquisitions

Visa to buy offers specialist TrialPay

Visa has struck an agreement to acquire American transactional advertising outfit TrialPay. Financial terms of the deal have not been disclosed.

27 February 2015

Company update/Mergers and acquisitions

Aconite team to lead new digital payments division at Proxama

Proxama PLC (PROX.L), the global mobile marketing, loyalty and payments company today unveils details of its new end-to-end mobile proximity marketing and payments proposition following the acquisition of Aconite Technology last year.

26 February 2015

News/Mergers and acquisitions

Samsung prepares for Apple Pay battle with LoopPay acquisition

Samsung has agreed a deal to buy mobile wallet outfit LoopPay, giving the electronics giant a new weapon in its brewing battle with Apple for the m-payments market. Financial terms have not been disclosed.

18 February 2015

News/Mergers and acquisitions

Monitise losses widen as suitors circle

UK mobile banking company Monitise says it has had positive discussions with potential suitors as it reports widening losses and an eight percent decline in revenues for the first half of the year.

17 February 2015

News/Mergers and acquisitions

CommBank buys South African tech outfit Tyme

Commonwealth Bank of Australia is on the prowl for tech acquisitions after paying A$40 million for South African digital banking outfit Take Your Money Everywhere (Tyme).

12 February 2015

News/Mergers and acquisitions

Temenos buys US software provider Akcelerant

On the day it reported a fall in fourth quarter revenues, Swiss core banking vendor Temenos has acquired US financial software provider Akcelerant for $50 million in cash.

10 February 2015

Company update/Mergers and acquisitions

Mozido gets gateway to China with PayEase acquisition

Mozido, a cloud platform mobile payments and retail engagement solutions provider, today announced it will introduce its products and solutions to China through PayEase.

10 February 2015

Company update/Mergers and acquisitions

Alibaba and Ant Financial complete restructuring

Alibaba Group Holding Limited (BABA) and Zhejiang Ant Small and Micro Financial Services Group Co., Ltd. (“Ant Financial”) today announced the closing of the restructuring of the relationships between the two companies (the “Restructuring”). Ant Financial (formerly known as Small and Micro Financial Services Company) is the parent company of Alipay.

10 February 2015

Company update/Mergers and acquisitions

Line to acquire WebPay

LINE Corporation, owner and operator of the free call and messaging app LINE, today announced that it has reached a definitive agreement to acquire WebPay Holdings through its subsidiary, LINE Pay Corporation.

10 February 2015

News/Mergers and acquisitions

Temasek plans Misys bid - Sky News

Temasek Holdings, Singapore's state-owned investment fund, is sniffing around core banking supplier Misys, which has been put on the block by current owner Vista Equity Partners, according to Sky News.

05 February 2015

News/Mergers and acquisitions

SmartStream acquires Algorithmics Collateral assets

SmartStream has acquired Algorithmics Collateral assets from IBM, enabling it to address funding and counterparty risk issues for customers from within its own post-trade software suite.

04 February 2015

News/Mergers and acquisitions

SS&C joins fintech bulge-bracket with $2.7 billion Advent acquisition

SS&C is to buy Advent Software for $2.7 billion in cash in a bid to capitalise on a growing trend for outsourcing of software and services in the financial sector.

03 February 2015

News/Mergers and acquisitions

Bats moves into foreign exchange with Hotspot FX acquisition

Bats Global Market has acquired institutional spot foreign exchange market Hotspot FX from KCG Holdings in a cash transaction valued at $365 million.

28 January 2015

Company update/Mergers and acquisitions

Bats completes Direct Edge integration

BATS Global Markets (BATS), a leading operator of securities markets in the U.S. and Europe, today reported the successful and complete migration of the legacy Direct Edge stock exchanges, EDGX and EDGA, to the proprietary BATS technology.

22 January 2015

News/Mergers and acquisitions

Monitise puts itself up for sale; warns on full year revenues

Mobile banking company Monitise has put itself in the shop window, as its stock price deteriorates still further and it warns on full year revenues.

22 January 2015

Company update/Mergers and acquisitions

AIM Software receives majority investment from Welsh, Carson, Anderson & Stowe

AIM Software (the “Company” or “AIM”), the leading provider of data management software products to the financial services industry, today announced that it has received a majority investment from Welsh, Carson, Anderson & Stowe (“Welsh Carson” or “WCAS”), a private equity firm focused on investing in high growth businesses.

15 January 2015

News/Mergers and acquisitions

Capital One buys budgeting app Level Money

US bank Capital One has bought money management app Level Money. Financial terms were not disclosed.

12 January 2015

News/Mergers and acquisitions

Tech Mahindra to acquire Switzerland's Sofgen

Indian IT services group Tech Mahindra has agreed a sub-$30 million all-cash deal to acquire niche core banking consultancy Sofgen.

09 January 2015

Company update/Mergers and acquisitions

Broadridge acquires TwoFour Systems

Broadridge Financial Solutions, Inc. (NYSE: BR) has acquired TwoFour Systems LLC, a provider of real-time foreign exchange solutions for banks and broker-dealers, to address the rising demand for advanced FX and cash management technology among financial institutions.

05 January 2015