Axway acquires Sopra Banking Software in €330m deal
Summary
First announced at the end of February, Axway’s proposed acquisition of Sopra Banking Software was made possible by the execution of several critical operations in recent months. With strong support from its shareholders and the addition of new investors, over the summer, the company carried out a share capital increase with preferential subscription rights for a gross amount of c.€131m. Patrick Donovan, Chief Executive Officer, said, “The tie-up between Axway and Sopra Banking Software embodies a unique development opportunity, and the ambitious industrial project we have been working towards can finally come to life. Our brands are strong, our flagship products are recognized among the best in their markets, and our customer-centric business model, refined over several years of transformation, has proven its effectiveness. I am particularly pleased that our 5,000 employees, from 26 countries around the world, are seeing our entrepreneurial culture thrive through a project filled with compelling opportunities.” The consolidation of Sopra Banking Software is effective today, and Axway will, therefore, integrate the acquired activities for the last four months of the 2024 financial year.
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