Tagged: acquisition

August 27, 2019 @ 3:39 pm By Samantha Hurst  |  

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

August 27, 2019 @ 11:41 am By Samantha Hurst  |  

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

August 20, 2019 @ 9:09 am By Samantha Hurst  |  

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

August 16, 2019 @ 2:01 pm By Samantha Hurst  |  

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

August 16, 2019 @ 7:31 am By Samantha Hurst  |  

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

August 15, 2019 @ 9:59 pm By Samantha Hurst  |  

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

August 14, 2019 @ 8:27 am By Samantha Hurst  |  

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

August 13, 2019 @ 11:16 am By Samantha Hurst  |  

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

August 7, 2019 @ 1:51 pm By Samantha Hurst  |  

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

August 1, 2019 @ 11:02 pm By Samantha Hurst  |  

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

July 31, 2019 @ 11:32 am By Samantha Hurst  |  

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

July 31, 2019 @ 10:35 am By Samantha Hurst  |  

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

July 24, 2019 @ 3:51 pm By Samantha Hurst  |  

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

July 21, 2019 @ 9:51 pm By Samantha Hurst  |  

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

July 11, 2019 @ 8:15 am By Samantha Hurst  |  

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

July 10, 2019 @ 2:11 pm By Samantha Hurst  |  

Royal Bank of Canada (RBC) announced on Wednesday it has acquired WayPay, a cloud-based payments fintech that offers business clients a best-in-class solution for accounts payable automation and payment optimization. RBC reported: “Many businesses are already planning the transition from paper cheques as manual reconciliation is… Read More

July 9, 2019 @ 3:14 pm By Samantha Hurst  |  

IBM (NYSE: IBM) announced on Tuesday it has acquired all of the issued and outstanding common shares of open hybrid cloud technologies provider Red Hat for $190 per share in cash, which represents equity value of approximately $34 billion. IBM reported that the acquisition it… Read More

July 9, 2019 @ 8:18 am By Samantha Hurst  |  

Mastercard announced on Tuesday the completion of the acquisition of Transfast, a global payments company with significant cross-border network reach. Mastercard reported that it originally declared the intent to buy Transfast earlier this year and that the acquisition builds on its strength in payments and… Read More

July 8, 2019 @ 11:31 am By Samantha Hurst  |  

Mbanq, a U.S.-based digital core and Banking as a Service (BaaS) provider, announced on Monday it has acquired online and mobile banking platform AgilityFour from fintech investor Park Capital. According to Mbanq, AgilityFour provides technology that integrates next-generation web and mobile banking solutions into a… Read More

June 28, 2019 @ 4:59 pm By Samantha Hurst  |  

Visa (NYSE: V) announced on Friday it has signed a definitive agreement to acquire Verifi, a technology solutions company that reduce chargebacks. Visa reported it will integrate Verifi’s enhanced chargeback tools with Visa’s risk management services, including those delivered by CardinalCommerce and CyberSource. “Buyers, sellers,… Read More