March 6, 2012 BANK TECHNOLOGY AND SOFTWARE M&A

There have been several recent software mergers and acquisitions in the bank technology segment. 

The largest by far was Misys’ announced merger with Temenos Group, a provider of banking software systems to a diverse array of financial institutions, for approximately $2 billion. However, just today, Temenos was granted an additional four weeks by a UK takeover panel to prepare its offer. If the merger talks are cancelled, Misys has stated that it plans to evaluate other approaches.

A related bank technology transaction was Sopra Group’s announcement that it will buy a majority stake in Callatay & Wouters. Sopra will then merge Callatay & Wouters’ banking software package with its own products to create a new banking software outlet.

Another February deal in this space was Integrated Bank Technology’s acquisition of Beacon Software. Beacon supplies software and hosted solutions, including in-house internet and mobile banking services, to community financial institutions.