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New Deal


Announced

Completed

Truist completed the acquisition of Zaloni Arena Platform.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Software

data management platform

Majority

United States

Private

Domestic

database

Friendly

Single Bidder

Completed

Acquisition

Synopsis

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Truist, a provider of banking and trust services, completed the acquisition of Zaloni Arena Platform, a firm that accelerates its data governance, metadata management, advanced analytics, and artificial intelligence and machine learning programs. Financial terms were not disclosed. "Truist is making investments to continuously grow and evolve with our clients' banking needs. In partnership with Truist Ventures, we identified the Arena platform as an investment that will help us deliver better financial experiences, advance our strategy and demonstrate our purpose to inspire and build better lives and communities," Scott Case, Truist Chief Information Officer.

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