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Announced

Completed

SoFi Technologies completed the acquisition of Technisys for $1.1bn.

Financials

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Transaction Value£808m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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financial software

Majority

Acquisition

Private

Single Bidder

United States

Domestic

FinTech

Friendly

Synopsis

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SoFi Technologies, a digital personal finance company, completed the acquisition of Technisys, a developer of digital banking software, for $1.1bn. “Technisys has built an attractive, fast-growth business with a unique and critical strategic technology that all leading financial services companies will need in order to keep pace with digital innovation. The acquisition of Technisys is an essential building block in delivering on our member-centric, digital one-stop-shop experience for SoFi members and our partners through Galileo, our provider of fintech cloud services,” Anthony Noto, SoFi CEO. .

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