M&A Deal Summary

Alkami Acquires ACH Alert

On October 6, 2020, Alkami acquired information technology company ACH Alert

Acquisition Highlights
  • This is Alkami’s 1st transaction in the Information Technology sector.
  • This is Alkami’s 1st transaction in the United States.
  • This is Alkami’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2020-10-06
Target ACH Alert
Sector Information Technology
Buyer(s) Alkami
Deal Type Add-on Acquisition

Target

ACH Alert

Ooltewah, Tennessee, United States
ACH Alert is a provider of electronic payments fraud prevention technology for FIs of all sizes. ACH Alert is based in Ooltewah, Tennessee.

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Buyer(S) 1

Buyer

Alkami

Plano, Texas, United States

Category Company
Founded 2009
Sector Internet Software and Services
Employees917
Revenue 265M USD (2023)
DESCRIPTION

Alkami provides online and mobile banking solutions for financial institutions in the US. Based in Plano, Texas, the company’s cloud-based digital banking platform delivers unparalleled functionality, security, flexibility, and extensibility with a superior architecture designed for the future of digital banking. With its modern interface, fully hosted business intelligence solution, and customizable feature set, the platform is the ultimate digital banking solution for financial institutions. Alkami was founded in 2009 and is based in Plano, Texas.


DEAL STATS #
Overall 1 of 3
Sector (Information Technology) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (Tennessee) 1 of 1
Country (United States) 1 of 3
Year (2020) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-13 MK Decision

San Diego, California, United States

MK Decision is a technology platform and provider for digital account opening, credit card, and loan origination solutions. The company's mission is to help community financial institutions thrive by receiving more deposits and more loans. With a commitment to strengthen local economies, MK's platform gives regional and community banks and credit unions a competitive advantage through simple, beautiful user experiences and streamlined back-office workflows. It supports a variety of financial products including checking and savings accounts, credit cards, and consumer, commercial, small business, and indirect loans. MK Decision was founded in 2015 and is headquartered in San Diego, California.

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