Stefanini Group-backed Topaz Venture completed the acquisition of a majority stake in Cobiscorp.

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.