Mergers and acquisitions

3191 articles tagged with this keyword

/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.

/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.

/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.

/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.

/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.

/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.

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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.

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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.

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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.

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Capital One buys budgeting app Level Money

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

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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.

/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.

/Mergers and acquisitions

Orc Group Holding to acquire Tbricks

Orc, a global leader in derivatives trading technology, today announced that Orc Group Holding AB´s owner Cidron Delfi Intressenter Holding AB (a company indirectly controlled by Nordic Capital Fund VII) has signed an agreement to acquire 100% of the shares in Tbricks.

/Mergers and acquisitions

Xerox to sell IT outsourcing business to Atos for $1.1 billion

Xerox (NYSE: XRX) today announced an agreement to sell its Information Technology Outsourcing (ITO) business to Atos for $1.05 billion prior to closing adjustments, with additional consideration of $50 million subject to the condition of certain assets at closing.

/Mergers and acquisitions

Mozido acquires majority ownership in CorFire

Mozido, a cloud platform mobile payments and retail engagement solutions provider, today announced it has acquired the majority ownership in SK C&C USA dba CorFire, a U.S.-based mobile commerce company previously wholly-owned by South Korean IT services provider SK C&C.

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Vanare acquires NestEgg for robo-wealth management

Vanare, a next-generation wealth management technology platform for investment advisors, announced today the acquisition of NestEgg Wealth to launch the first ever offering that completely integrates online wealth management with traditional wealth management in one seamless solution.

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BBVA acquires big data startup Madiva

BBVA has acquired Spanish big data and cloud computing startup Madiva Soluciones as part of its strategy to buy up companies that are developing new technologies and disruptive business models.

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ICE to sell remaining shares in Euronext

Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, announced today its intention to sell approximately 4.2 million shares in Euronext N.V., representing approximately 6% of Euronext’s share capital, by way of an accelerated book-building to institutional investors.

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Bankrate acquires Wallaby Financial

Bankrate, Inc. (NYSE: RATE) announced the acquisition of Wallaby Financial, Inc., the leader in mobile and web-based credit card optimization solutions for consumers. Financial terms were not disclosed.

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London Stock Exchange completes Russell acqusition

London Stock Exchange Group plc (“LSEG” or the “Group”) is pleased to announce that following satisfactory completion of all outstanding conditions, the Group has today completed the acquisition of Frank Russell Company (“Russell”).