Axway completed the acquisition of most of Sopra Banking Software activities from Sopra Steria for €330m.

Axway, a provider of multi-enterprise cloud integration and API and identity management software, completed the acquisition of most of Sopra Banking Software activities from Sopra Steria, a consulting, digital services, and software development company, for €330m. "Axway's proposed acquisition of most of SBS's activities represents an undeniable strategic opportunity for both companies. Together, they would consolidate values, expertise and organizations that already have a lot in common, and would mutually benefit from each other. The creation of this strong critically-sized enterprise software house would support an independent and successful entrepreneurial project over the long term. Furthermore, by welcoming One Equity Partners to Sopra GMT's capital, we will be in a better position, through our role as reference shareholder, to support the combined entity in its future external growth objectives," Pierre Pasquier, Axway Chairman.