M&A Deal Summary

Temenos Acquires Kony

On August 28, 2019, Temenos acquired internet software and services company Kony from ORIX Private Equity Solutions for 559M USD

Acquisition Highlights
  • This is Temenos’ 2nd transaction in the Internet Software and Services sector.
  • This is Temenos’ largest (disclosed) transaction.
  • This is Temenos’ 3rd transaction in the United States.
  • This is Temenos’ 1st transaction in Florida.

M&A Deal Summary
Date 2019-08-28
Target Kony
Sector Internet Software and Services
Buyer(s) Temenos
Sellers(s) ORIX Private Equity Solutions
Deal Type Add-on Acquisition
Deal Value 559M USD

Target

Kony

Orlando, Florida, United States
website
Kony, Inc. is a provider of software and services that enable enterprise customers to quickly design, develop, deploy and manage mobile applications. Kony was established in 2007 and is based in Orlando, Florida.

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Buyer(S) 1

Buyer

Temenos

Geneva, Switzerland

website

Category Company
Founded 1993
Sector Software
Revenue 887M CHF (2020)
DESCRIPTION

Temenos is a provider of banking software systems to retail, corporate, universal, private, Islamic, microfinance and community banks, wealth managers, and other financial institutions. Headquartered in Geneva with more than 55 offices worldwide, Temenos software is proven in over 1,500 customer deployments in more than 125 countries across the world. Temenos was founded in 1993 and is based in Geneva, Switzerland.

DEAL STATS #
Overall 12 of 12
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 12 of 12
State (Florida) 1 of 1
Country (United States) 3 of 3
Year (2019) 2 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-17 Logical Glue

London, United Kingdom

Logical Glue Ltd. is a provider of a patented AI (XAI) platform with financial clients in the UK and Europe.

Buy -

Seller(S) 1

SELLER

ORIX Private Equity Solutions

Investor

website

Category Mezzanine Finance Firm
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ORIX Mezzanine & Private Equity is the direct investment arm of asset manager ORIX. ORIX Mezzanine & Private Equity looks to invest $10 to $20 million to support buyouts, acquisitions, growth capital needs, and sponsored led transactions of profitable (greater than $5 million of EBITDA) companies throughout North America. ORIX will consider a variety of investment structures, including subordinated and convertible debt to common, preferred and convertible preferred equity. ORIX Mezzanine & Private Equity is headquartered in Dallas, Texas.

DEAL STATS #
Overall 11 of 20
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 8 of 11
State (Florida) 1 of 1
Country (United States) 9 of 18
Year (2019) 6 of 6
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-04 Custom Ink

Fairfax, Virginia, United States

Custom Ink provides custom apparel and accessories for groups, events, and special occasions. The company helps group organizers bring their families, friends, teammates, and colleagues together with inspired designs they are proud to wear. Custom Ink makes the customization process fun and easy with innovative design tools, caring customer service, creative design inspiration and high-quality merchandise. Custom Ink was founded in 2000 and is based in Fairfax, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-18 a360inc

San Antonio, Texas, United States

a360inc is a technology and outsourcing services provider to the financial services, real estate, and legal industries. a360inc provides case management system technology and practice management services to law firms, title agencies and underwriters, and mortgage companies and investors. a360inc was founded in 2017 and is based in San Antonio, Texas.

Buy -
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