Over 20 years, Axway has grown from a single product inside a large European systems integrator, to the global multi-product enterprise software company it is today. We are proud of so many years of progressive growth, for the value we obsessively deliver for our customers each day, and for our nearly 1,500 exceptional people who give the best of themselves for the mission to empower customers with secure, mission-critical software and services.
In 2020, we started making some changes behind the scenes to prepare us for our next 20 years. We reorganized our operating teams, invested in our talent, and made our business highly measurable. Axway now operates as a portfolio company, with entrepreneurial General Managers who lead our five product lines and clear regional leaders who grow our business and support our customers.
Being a portfolio company means we can now add new product lines or operating businesses to Axway in a way that is best for our customers, our employees, and our shareholders. Today we are ready to take the first, BIG step into that future.
Today we announce entering exclusive discussions to acquire most of Sopra Banking Software activities from Sopra Steria Group.
Sopra Banking Software (SBS) provides software for financial institutions around the world. They are recognized leaders in both retail banking and asset finance software with strong footprint throughout EMEA and a fast-growing North American business.
They are secure business critical applications for the enterprise market with a heavy focus on customer experience – the most important alignment points with the Axway approach. Sopra Banking has a very similar origin story, a fantastic team, strong cultural alignment, and an enviable customer base that includes the biggest brands in finance and auto.
Today, Axway’s API capabilities and Axway Financial Accounting Hub are already embedded into some of SBS banking solutions, and SBS customers will further benefit from additional deep and broad integration capabilities as they evolve core banking systems, transform to new banking models, or expand their digital offerings.
Axway customers will see no change in our focus, investments, or strategy. In fact, this can be considered reaffirming our dedication across all our markets and regions. Our portfolio approach means the leaders of our MFT, B2B, AFAH, or Amplify API businesses continue to drive and deliver. We plan to have SBS join as key product line with their leadership and team to continue to deliver on their strategic plan.
Long-term, all our customers will benefit from our new scale and capabilities. We will remain a critical, independent technology provider, able to continue to provide our customers enduring value.
We expect the transaction to close later in 2024, and we cannot wait to have the SBS team join us in our mission.
You can read more here.
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