- Deal Overview: Axway acquired SBS from Sopra Steria for €330 million.
- Financing: Axway raised €131 million through a share capital increase and secured €200 million in new credit facilities from banks.
- Regulatory Approval: The deal has received regulatory approval, and integration of the two companies has begun.
- Transition Period: From late 2024 through 2025, SBS CEO Eric Bierry will transition to deputy CEO of Axway, with a rebranding of SBS set for October.
- SBS Background: Founded in 2012, SBS supports around 1,500 financial institutions with digital banking, lending, payments, and compliance software.
- Axway’s Vision: Axway sees the acquisition as a development opportunity to solidify its position as one of France’s top enterprise software publishers.
- Strategic Goals: The acquisition aims to strengthen offerings and technologies while creating significant value for stakeholders through a larger, more capable group.
Axway completes €330m acquisition of Sopra Banking Software
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