M&A Deal Summary

Abrigo Acquires BankLabs - Construct & +Pay Technologies

On August 15, 2022, Abrigo acquired internet software and services company BankLabs - Construct & +Pay Technologies from BankLabs

Acquisition Highlights
  • This is Abrigo’s 1st transaction in the Internet Software and Services sector.
  • This is Abrigo’s 5th transaction in the United States.
  • This is Abrigo’s 1st transaction in Arkansas.

M&A Deal Summary
Date 2022-08-15
Target BankLabs - Construct & +Pay Technologies
Sector Internet Software and Services
Buyer(s) Abrigo
Sellers(s) BankLabs
Deal Type Divestiture

Target

BankLabs - Construct & +Pay Technologies

Little Rock, Arkansas, United States
BankLabs' Construct & +Pay Technologies is an easy-to-use, web-based software solution that automates the construction loan management process for residential and commercial projects. +Pay automates the construction payment stream for institutions paying subcontractors on behalf of their trusted builders.

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Buyer(S) 1

Buyer

Abrigo

Austin, Texas, United States

website

Category Company
Sector Software
DESCRIPTION

Abrigo is a technology provider of compliance, credit risk, and lending solutions that community financial institutions use to manage risk and drive growth. Abrigo's software automates key processes – from anti-money laundering to fraud detection to lending solutions – empowering our customers by addressing their enterprise risk management needs. Abrigo is based in Austin, Texas.

DEAL STATS #
Overall 5 of 8
Sector (Internet Software and Services) 1 of 2
Type (Divestiture) 1 of 1
State (Arkansas) 1 of 1
Country (United States) 5 of 8
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-05 Farin & Associates

Fitchburg, Wisconsin, United States

Farin & Associates, Inc. is a provider of asset liability management software and advisory services. FARIN has provided financial consulting, software and analysis designed to drive earnings improvements for financial institutions nationwide. Services include in-house and outsourced asset liability management models, retail deposit and loan pricing solutions, core deposit analysis, capital planning, credit risk management, CECL, and CPE-approved education webinars and workshops. FARIN’s team of leading industry experts tailor solutions for each institution, resulting in significantly improved profitability.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-03 Valuant

Columbia, South Carolina, United States

Valuant is a provider of accounting technology and services that help banks and financial institutions comply with regulatory reporting standards. The company offers a comprehensive solution that covers the most complex accounting issues facing financial institutions today, including CECL and valuation, and its intuitive software helps clients' loan review strategies reach maximum productivity. Valuant was founded in 2016 and is based in Columbia, South Carolina.

Buy -

Seller(S) 1

SELLER

BankLabs

Little Rock, Arkansas, United States

website

Category Company
Founded 2010
Sector Financial Services
DESCRIPTION

BankLabs provides community banks with state-of-the-art technologies that help increase efficiency, improve profitability, and enhance in-market relationships. BankLabs was founded in 2010 and is based in Little Rock, Arkansas.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Arkansas) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
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