Latest Mergers and acquisitions News: Finextra Research

Overstock's Medici Ventures buys 5.1% stake in Bankorus

Medici Ventures, the blockchain investment arm of American Internet retailer Overstock, has acquired a 5.1% stake in Shanghai-based crypto banking venture Bankorus.

12 March 2019

News/Mergers and acquisitions

FSS acquires 46% stake in Standard Bank subsidiary Ecentric

Indian-headquartered Financial Software and Systems (FSS) has acquired a 46% stake in Standard Bank's South African payment processing subsidiary Ecentric.

11 March 2019

News/payments

Mastercard drops Earthport bid; turns attentions to Transfast

Visa appears to have won the bidding war for cross-border payments firm Earthport after rival Mastercard dropped its bid and instead struck a deal to buy another money transfer network, Transfast, for an undisclosed amount.

08 March 2019

News/ai

IPC invests in GreenKey Technologies

Dealing room communications outfit IPC has invested in GreenKey Technologies (GK), the creator of AI, natural language processing tech for financial markets.

07 March 2019

Company update/regulation

CubeLogic acquires energy and commodity surveillance provider Ferdec

CubeLogic, the leader in business intelligence (BI) enabled risk management solutions, announces the completion of a significant acquisition of Berlin based FERDEC. FERDEC provide market leading transaction surveillance solutions for Energy and Commodity markets.

07 March 2019

News/Mergers and acquisitions

German fintech Raisin buys bank

In a reversal of the trend for banks to buy fintech startups, European saving platform Raisin is proposing a takeover of its long-time service bank, MHB Bank of Frankfurt.

07 March 2019

Company update/Mergers and acquisitions

Cognizant acquires MeritSoft

Cognizant (Nasdaq: CTSH) today announced it has acquired Meritsoft, a privately-held financial software company based in Dublin, Ireland. Meritsoft is best known for its FINBOS platform for post-trade processing, an intelligent automation solution for managing taxes, fees, commissions, and cash flow functions between financial institutions.

06 March 2019

News/payments

Fleetcor to buy AP automation firm Nvoicepay

Commercial payments outfit Fleetcor Technologies has struck a deal to buy accounts payable automation specialist Nvoicepay. Financial terms were not disclosed.

06 March 2019

News/startups

Wave buys SME biz account and card provider Every

Wave, a Toronto-based startup offering products and services to small businesses, has acquired Every, which provides business accounts and debit cards to SMEs. Financial terms were not disclosed.

06 March 2019

News/Mergers and acquisitions

German startups figo and finreach to merge

German banking-as-a-service supplier finreach and banking API compatriot figo are to merge their operations to create a one-size fits all suite of products for companies entering the financial services space.

05 March 2019

Company update/Mergers and acquisitions

Circle closes SeedInvest acquisition

Last October, we announced a definitive agreement to acquire SeedInvest, the leading equity crowdfunding platform in the United States and operator of a registered broker-dealer.

04 March 2019

News/Mergers and acquisitions

Nasdaq sweetens bid for Oslo Bourse

Nasdaq has raised its offer price for Oslo Bourse to $789 million, matching a rival bid from Euronext.

04 March 2019

Company update/security

Thales and Gemalto reach agreement with US antitrust aithorities on GP HSM divestment

As announced by the United States Department of Justice (“DoJ”), Thales and Gemalto confirm today that they have reached an agreement with the Antitrust Division of the DoJ that will allow the companies to proceed with the Offer.

01 March 2019

News/Mergers and acquisitions

ACI Worldwide acquires bill payment firm Speedpay for $750 million

ACI Worldwide has acquired Western Union's US bill pay business Speedpay for $750 million in an all-cash transaction.

28 February 2019

Company update/payments

QRails acquires electronic healthcare and insurance provider Rete+Pay

QRails, Inc., a financial technology company offering a sophisticated payments platform with integrated processing and program management services, today announced that it has completed the purchase of Rete+Pay, a provider of integrated electronic healthcare and insurance payments solutions.

28 February 2019

News/regulation

Experian abandons proposed takeover of ClearScore

Experian has canned its proposed £275 million acquisition of rival credit referencing firm ClearScore in the wake of resistance to the deal from competition regulators.

27 February 2019

News/payments

Heidelpay continues on acquisition trail with Alpha-Cash takeover

Germanic payments service provider heidelpay has acquired point-of-sale terminal supplier Alpha-Cash, its sixth acquisition since private equity firm AnaCap bought a controlling stake in the firm in 2017.

26 February 2019

News/Mergers and acquisitions

ASX offloads 18.6% stake in Iress

The Australian Securities Exchange (ASX) is selling its 18.6% stake in trading technology vendor Iress for approximately A$385 million.

25 February 2019

Company update/security

Entrust Datacard buys nCipher Security from Thales

Entrust Datacard, a leading provider of trusted identity and secure issuance technology solutions, today announced that the company has signed a definitive agreement to acquire Thales’s market-leading General Purpose Hardware Security Module (GP HSM) business, nCipher Security, which has been operating as a separate stand-alone business within Thales since January 2019.

22 February 2019

News/Mergers and acquisitions

HKEX to buy majority stake in Shenzhen-based fintech firm

Hong Kong Exchanges and Clearing (HKEX) has agreed to acquire a 51% stake in a Shenzhen-based financial markets technology firm. Financial terms of the deal were not disclosed.

20 February 2019