Announced
Completed
Financials
Tags
Single Bidder
Completed
United States
software solutions
Cross Border
Private
Software
Majority
Friendly
Acquisition
Private Equity
Synopsis
Stefanini Group-backed Topaz Venture, a private equity firm, completed the acquisition of a majority stake in Cobiscorp, a banking software platform. Financial terms were not disclosed. "We are very excited about the opportunities generated by teaming with Topaz, as they will catalyze our ability to enhance the development of our employees, expand our product and service offering, serve our customers better, and venture into new markets. Our companies and their solution sets are synergistic; they will enable us to equip financial institutions with more agility and efficiency, accelerating their transformation and adding real value to their network of businesses and customers," William Moss, Cobiscorp CEO.
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