Announced
Financials
Tags
Acquisition
Private Equity
Cross Border
Majority
Pending
software development
software-as-a-service
Software
Canada
Private
Single Bidder
Friendly
Synopsis
Nordic Capital, a private equity firm, agreed to invest in Zafin, a provider of SaaS core modernization and transformation solutions for financial institutions around the world. Financial terms were not disclosed. "This partnership is an absolute game-changer for the Zafin team and our customers. We have been powering the modernization and transformation of banks and future-proofing their banking technology investments for years. With Nordic Capital’s scale, technology expertise, and deep market understanding, this partnership enables us to become a global leader in banking technology solutions," Al Karim Somji, Zafin CEO.
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