Announced
Financials
Sources
Tags
Majority
it services
IT Services: Other
France
Software
Pending
Friendly
Acquisition
Domestic
Private
Single Bidder
Synopsis
Axway, a provider of multi-enterprise cloud integration and API and identity management software, agreed to acquire 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.
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