Mergers and acquisitions

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/Mergers and acquisitions

Vasco acquires Cronto

Software security house Vasco has acquired UK-based Cronto for a maximum EUR17 million in cash.

/Mergers and acquisitions

Deutsche Bank buys Xchanging out of JV

London-based back office processing provider Xchanging has agreed to sell its 51% stake in Xchanging Transaction Bank (XTB) back to partner Deutsche Bank for EUR40.5 million in cash.

/Mergers and acquisitions

Sainsbury's acquires full control of banking arm; hires FIS as core provider

UK supermarket chain Sainsbury's has confirmed its intention to assume full control of its banking operations and has hired US-based FIS as its chief technology partner.

/Mergers and acquisitions

Sainsbury's in talks to buy out banking business

UK supermarket chain J Sainsbury says it is in "advanced negotiations" with Lloyds Banking Group to take over full ownership of Sainsbury's Bank.

/Mergers and acquisitions

Google buys minority stake in Lending Club

Google has become a minority stake-holder in Lending Club after leading a $125 million deal to buy a share in the peer-to-peer loan specialist from existing investors.

/Mergers and acquisitions

Equiduct rescued by new investors

Pan-European exchange Equiduct has been rescued from the brink of oblivion by a group of new investors after its largest shareholder Citadel pulled its backing from the platform.

/Mergers and acquisitions

Lloyds plans IPO for TSB branch network after Co-op pulls out of deal

The Co-operative Group has pulled out a deal to buy 632 branches from Lloyds Banking Group, which says it will now spin off the network in an IPO.

/Mergers and acquisitions

PayPal buys customer acquisition start-up Iron Pearl

As it bids to boost its 123 million-strong user base, PayPal has acquired Iron Pearl, a start up specialising in customer acquisition and engagement. Financial terms of the deal were not disclosed.

/Mergers and acquisitions

FXCM makes Gain Capital takeover offer

Online foreign exchange trading platform FXCM has offered to buy rival Gain Capital for $210.4 million in stock.

/Mergers and acquisitions

First Derivates stumbles on legacy Cognotec debt

Shares in UK capital markets tech house First Derivates slipped in early morning trading as the vendor warned that it may have to take a "significant" provision against an unpaid debt owed to its Cognotec unit.

/Mergers and acquisitions

Nasdaq OMX agrees eSpeed acquisition

Nasdaq OMX has struck a deal to buy electronic US Treasuries trading platform eSpeed from BGC Partners for $750 million in cash.

/Mergers and acquisitions

Temenos targets US SaaS banking market through TriNovus acquisition

Temenos has acquired TriNovus in a move designed to help the Swiss core banking vendor break into the US software-as-a-service (SaaS) market.

/Mergers and acquisitions

European banks contemplating sale of Visa Europe - WSJ

European banks are considering cutting their ties with Visa Europe to set up an alternative bankcard scheme, the Wall Street Journal has reported.

/Mergers and acquisitions

EMCF and EuroCCP agree merger

Pan-European cash equities clearing houses EuroCCP and the European Mulitlateral Clearing Facility (EMCF) have agreed to merge their operations.

/Mergers and acquisitions

IT savings to the fore as LSE agrees revised offer for LCH.Clearnet

The London Stock Exchange is expecting to realise EUR25 million in IT rationalisation and other cost savings as it agrees a revised £284 million cash offer to buy a majority stake in LCH.Clearnet.

/Mergers and acquisitions

Tsys agrees $1.4bn NetSpend acquisition

Payments processor Tsys has agreed to buy NetSpend, a provider of pre-paid debit cards to America's underbanked, for around $1.4 billion in cash.

/Mergers and acquisitions

ION Group agrees FFastFill acquisition

ION Group's acquisition spree shows no sign of ending, with the fintech firm's Pattington subsidiary agreeing to buy FFastFill in a cash deal which values the UK derivatives trading vendor at £106.1 million.

/Mergers and acquisitions

LSE acquires controlling interest in Gatelab

The London Stock Exchange has acquired a 67% stake in Italian low latency software house Gatelab.

/Mergers and acquisitions

Swisscom acquires Entris Banking IT outsourcing business

Swiss IT integration house Swisscom is to acquire the Entris Banking IT outsourcing business of RBA-Holdings, which provides services to 41 regional and savings banks across the country.

/Mergers and acquisitions

FIS to buy mFoundry

Fintech giant FIS has agreed to pay around $120 million in cash to buy the 78% stake in mobile money specialist mFoundry it does not already own.