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Axway successfully acquires Sopra Banking Software to become a major player in the French enterprise software industry

Sep 02, 2024

Acquiring Company

Axway

Acquired Company

Sopra Banking Software

Information TechnologySoftwareFinancial Services

Description

Axway has successfully completed the acquisition of Sopra Banking Software, positioning itself as one of the leading French enterprise software companies with a strong foothold in the banking and financial services industry. This strategic move signifies a significant transformation and aims to create substantial value for all stakeholders involved.

Quick answer

Axway is acquiring Sopra Banking Software, announced September 2, 2024.

How much did Axway pay for Sopra Banking Software?
The deal value was not disclosed.
What does Axway do?
Axway Software is the party acquiring the majority of the activities of Sopra Banking Software from Sopra Steria.
Who are the decision-makers at Axway?
Fundz holds 1 contact at Axway. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Axway

About

Axway Software is the party acquiring the majority of the activities of Sopra Banking Software from Sopra Steria. The value of the transaction is 330 million euros, representing a perimeter of 335 million euros in 2023 revenue. Additionally, Sopra Steria has agreed to sell 3,619 million Axway shares (equivalent to 16.7% of the capital) to Sopra GMT at a price of 26.5 euros per share, amounting to 95.9 million euros.

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Frequently asked

Who acquired Sopra Banking Software?

Sopra Banking Software was acquired by Axway. The deal was reported on September 2, 2024. Axway Software is the party acquiring the majority of the activities of Sopra Banking Software from Sopra Steria. Axway is privately held and operates in Information Technology.

When did Axway acquire Sopra Banking Software?

Axway's acquisition of Sopra Banking Software was reported on September 2, 2024. Axway has successfully completed the acquisition of Sopra Banking Software, positioning itself as one of the leading French enterprise software companies with a strong foothold in the banking and financial services industry. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Sopra Banking Software do?

The Company Taps Vero Technologies to Bring Its Digital Wholesale Platform to Community Financial Institutions That Make Up 97% of The company will work with Vero to address the unique needs of U.S. It is privately held, operating in Financial Services.

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