Tagged: acquisition

Blockchain-Based Financial Platform Prometheum Announces Acquisition of InteliClear Technology

Prometheum, a platform for creating and trading cryptosecurities, recently announced it has acquired a version of InteliClear’s post-trade solution technology. Prometheum reported that the InteliClear technology serves as a “major leap forward” for its mission to become the first compliant end-to-end cryptosecurities trading platform. “InteliClear’s system is… Read More

U.S. Investment & Tech Firm PEAK6 Announces Acquisition of Electronic Transaction Clearing

PEAK6, a U.S.-based investment and technology firm, announced on Monday it has acquired Electronic Transaction Clearing, a custodian and clearing provider. According to PEAK6, ETC’s institutional orientation will “expand” the company’s footprint in custody and clearing and is a direct complement to one of its… Read More

Alibaba Acquires Kaola for $2 Billion from Entertainment Giant NetEase, Creates China’s Largest International E-commerce Platform

Chinese multinational conglomerate Alibaba Group has acquired Kaola for approximately $2 billion from Hangzhou-based entertainment giant NetEase. The acquisition has created the largest cross-border e-commerce platform in China, according to Alibaba’s management. Commenting on Alibaba Group’s latest acquisition, company chief executive Daniel Zhang said:  “With… Read More

Kabbage Announces Acquisition of Radius Intelligence

Global financial service platform Kabbage announced on Tuesday it has acquired Radius Intelligence, a  small-business data platform. Kabbage reported that the acquisition allows it to more deeply understand and serve small businesses as it adds insights from more than 20 million U.S. small businesses to… Read More

Temenos Announces Acquisition of U.S. Digital Banking SaaS Company Kony

Temenos AG (SIX: TEMN), the Switzerland based banking software provider, announced on Wednesday it has acquired U.S.-based digital banking SaaS company, Kony. Temenos reported that the acquisition significantly enhances Temenos’ scale and capabilities in the U.S., adds significant digital expertise, and accelerates digital front office… Read More

Accenture Acquires Engineering Services Provider Fairway Technologies

Accenture (NYSE: ACN) announced on Tuesday it has acquired Fairway Technologies, a U.S.-based engineering services provider. Accenture reported the acquisition will further power the Accenture Product and Platform Engineering Services practice, which helps clients manage and innovate software-based platforms. This news comes just one week… Read More

AvidXchange Set to Acquire Accounting Solutions Provider BankTEL

Fintech

AvidXchange, a U.S. fintech that provides accounts payable and automated payment solutions to midsize businesses, announced on Tuesday it is set to acquire accounting solutions provider, BankTEL. AvidXchange reported that as one of its companies BankTEL will be able to offer its clients access to… Read More

Accenture Announces Acquisition of Global Financial Institutions Advisor & Consulting Partners Parker Fitzgerald

Accenture (NYSE: ACN) announced on Tuesday it has acquired global financial institutions advisor and consulting partner, Parker Fitzgerald. According to Accenture, Parker Fitzgerald advises financial services companies on financial and non-financial risk, regulation and financial technology. The company also provides strategic advice, independent assurance, and… Read More

Arch Insurance Set to Acquire Insurtech Ventus Risk Management

Arch Insurance North America announced earlier this week it has entered into a definitive agreement to acquire Ventus Risk Management, a technology and analytics-driven managing general underwriter (MGU) that specializes in providing coastal commercial property insurance solutions to small and mid-sized enterprises. Arch claims that… Read More

Coinbase Custody Completes Acquisition of Xapo’s Institutional Businesses

Coinbase announced on Thursday that its Coinbase Custody has completed the acquisition of Xapo’s institutional businesses. Coinbase claims that the acquisition caps off a tremendous period of growth and innovation for Coinbase Custody. “In just over one year since launch, Coinbase Custody has grown to over $7 billion… Read More

Accenture Set to Acquire Australian Analytics & Data Specialist Analytics8

Accenture (NYSE: ACN) announced on Thursday it has entered into an agreement to acquire Analytics8, a privately held Australian big data and analytics consultancy that specializes in data management, reporting, and visualization, data science and analytics services. According to Accenture, Analytics8 provides data and analytics… Read More

NovaCap’s Portfolio Company Nuvei Acquires SafeCharge For $889 Million

Novacap, a Canada-based private equity firm, announced on Wednesday its portfolio company and payments tech platform Nuvei has acquired payment services SafeCharge International Group Limited for $889  million. According to Novacap, the acquisition creates a global leading payment solutions provider with significant scale, able to… Read More

Crypto-mining Firm Bitfarms Announces Consolidation of 100% Ownership of Operating Entity “Backbone”

Crypto-mining company Bitfarms (formerly Blockchain Mining) announced on Tuesday it has reached an agreement to acquire 100% beneficial ownership of its operating entity, Backbone Hosting Solutions Inc. Bitfarms reported it will acquire an aggregate of 26,295,655 class A voting common shares of Backbone (purchase shares) being the… Read More

Saxo Bank Announces Acquisition of Online Investor Bank BinckBank

Denmark banking group Saxo Bank announced this week it has acquired BinckBank, a bank for online investors that is based in the Netherlands. According to the duo, the acquisition of BinckBank marks an important milestone for the Saxo Bank Group that now services approximately 860,000… Read More

American Express Announces Acquisition of Digital Automation Platform Acompay

American Express (NYSE: AXP) announced on Wednesday it signed an agreement to acquire acompay, a digital payment automation platform from ACOM Solutions, Inc. that helps business customers make supplier payments easily and securely, manage business spend, and improve cash flow. According to American Express, acompay… Read More

FIS Completes Acquisition of WorldPay

FIS (NYSE: FIS), a financial services technology firm, announced on Wednesday it has completed the acquisition of WorldPay, a global payment technology provider. FIS notably acquired WorldPay for $35 million. As previously reported, WorldPay claims to be a “global leader” in payments processing technology and… Read More

Crypto Exchange Kracken Announces Acquisition of Cryptocurrency Portfolio Reconciliation Solution Interchange

Cryptocurrency exchange Kraken announced on Wednesday it has acquired Interchange, an accounting, reconciliation and reporting service provider for cryptocurrency hedge funds, asset managers and fund administrators. Kracken claims the acquisition creates the “world’s first” end-to-end crypto trading and reconciliation platform. “Interchange offers professional-grade accounting and portfolio… Read More

Lendio Announces Acquisition of Cloud-Based Small Business Accounting Platform Billy; Announces Bookkeeping Software For Small Businesses

U.S.-based online lending platform Lendio announced on Wednesday the acquisition of Billy and the launch of its bookkeeping software for small businesses, Sunrise, which is a freemium bookkeeping software to meld accounting, cash flow management, loan, and credit information into a single platform. According to Lendio, Sunrise… Read More

SecurCapital Announces Acquisition of Fintech & Small Business Lender Breakout Capital Finance

Fintech

SecurCapital Corp, an expanding supply chain and financial services provider, announced last week it has acquired Breakout Capital Finance, a fintech company and nationwide small business lender.  Founded in 2015, Breakout Capital claims it is a small business lender that provides simple, straightforward working capital… Read More

Digital Finance Platform Uphold Announces Double Presence in Portugal By Acquiring Digital Agency Scytale

Uphold, a U.S.-based digital finance platform, announced on Thursday it has doubled its presence in the country of Portugal by acquiring Scytale, a digital agency based in Braga, Portugal. As previously reported, Uphold is on a  mission to create trusted access to digital money and… Read More

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