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Ncino Completes Acquisition Of Simplenexus

PUBLIC · NCNOJan 10, 2022

Acquiring Company

nCino

Acquired Company

SimpleNexus

WilmingtonInformation TechnologyProfessional ServicesFinancial ServicesSoftwareArtificial IntelligenceFintechBankingFinancial ServicesSoftware

Description

nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that it has completed its acquisition of SimpleNexus, a leading cloud-based, mobile-first homeownership software company, for total consideration of approximately 12.76 million shares of nCino common stock plus cash consideration of approximately $270 million, on a cash-free, debt-free basis and excluding transaction expenses.

Quick answer

nCino is acquiring SimpleNexus, announced January 10, 2022. nCino is based in Wilmington, North Carolina, United States.

How much did nCino pay for SimpleNexus?
The deal value was not disclosed.
What does nCino do?
nCino (NASDAQ: NCNO) is powering a new era in financial services.
Where are nCino and SimpleNexus based?
nCino is based in Wilmington, North Carolina, United States.
Who are the decision-makers at nCino?
Fundz holds 1 contact at nCino. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

nCino

Location

6770 Parker Farm Dr

Wilmington, North Carolina, United States

About

nCino (NASDAQ: NCNO) is powering a new era in financial services. The Company was founded to help financial institutions digitize and reengineer business processes to boost efficiencies and create better banking experiences. With over 1,800 customers worldwide - including community banks, credit unions, independent mortgage banks, and the largest financial entities globally - nCino has developed a trusted platform of best-in-class, intelligent solutions. By integrating artificial intelligence and actionable insights into its platform, nCino is helping financial institutions consolidate legacy systems to enhance strategic decision-making, improve risk management, and elevate customer satisfaction by cohesively bringing together people, AI and data.

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Frequently asked

Who acquired SimpleNexus?

SimpleNexus was acquired by nCino, based in Wilmington. The deal was reported on January 10, 2022. nCino (NASDAQ: NCNO) is powering a new era in financial services. nCino is publicly traded (NCNO) and operates in Information Technology.

When did nCino acquire SimpleNexus?

nCino's acquisition of SimpleNexus was reported on January 10, 2022. nCino, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does SimpleNexus do?

SimpleNexus, an nCino Company, is an award-winning developer of mobile-first technology for the modern mortgage lender founded in 2011. It is privately held, operating in Financial Services.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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