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Divestiture • Software

Axway Acquires Sopra Banking Software

On February 21, 2024, Axway acquired software company Sopra Banking Software from Sopra Steria Group for 330M EUR

Acquisition Context
  • This is Axway’s 5th transaction in the Software sector.
  • This is Axway’s 0th largest (disclosed) transaction.
  • This is Axway’s 2nd transaction in France.

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M&A Deal Summary
Date February 21, 2024
Target Sopra Banking Software
Sector Software
Buyer(s) Axway
Sellers(s) Sopra Steria Group
Deal Type Divestiture
Deal Value 330M EUR

Target Company

Sopra Banking Software

Annecy-le-Vieux, France
Sopra Banking Software is a provider of software and IT services for banks and financial institutions. Sopra Banking Software offers software, integration, support, and advice services according to customers’ needs. Sopra Banking Software was founded in 2012 and is based in Annecy-le-Vieux, France.
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Buyer Overview 1

Buyer

Axway

Scottsdale, Arizona, United States
Category Company
Founded 2000
Sector Software
Employees1,525
Revenue 319M EUR (2023)
DESCRIPTION
Axway's corporate headquarters in Phoenix, Arizona.
Axway's corporate headquarters in Phoenix, Arizona.

Axway is a provider of enterprise integration, security, and technology solutions. The Company offers a variety of managed file transfer solutions for business-to-business (B2B) needs. Axway was founded in 2000 and is based in Scottsdale, Arizona.

Deal Context for Buyer #
Overall 9 of 9
Sector: Software 5 of 5
Type: Divestiture 1 of 1
Country: France 2 of 2
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-19 AdValvas

Sint-Martens-Latem, Belgium

AdValvas is a provider of an e-Invoicing and e-Delivery services for suppliers and buyers. AdValvas was founded in 2004 and is based in Sint-Martens-Latem, Belgium.

Buy -

Seller Profile 1

SELLER

Sopra Steria Group

Paris, France
Category Company
Founded 1968
Sector Information Technology
Employees50,304
Revenue 5.8B EUR (2024)
DESCRIPTION

Sopra Steria Group provides comprehensive portfolios of end-to-end service offerings in the market: Consulting, Systems Integration, Software Development, Infrastructure Management, and Business Process Services. Sopra Steria Group was founded in 1968 and is based in Paris, France.

Deal Context for Seller #
Overall 1 of 1
Sector: Software 1 of 1
Type: Divestiture 1 of 1
Country: France 1 of 1
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-21 Ordina

Nieuwegein, Netherlands

Ordina is a provider of consulting, solutions, and IT in the Netherlands, Belgium, and Luxembourg. Ordina was founded in 1973 and is based in Nieuwegein, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-24 Neocase

La Garenne Colombes, France

Neocase provides cloud solutions for Human Resources Service Centers, improving the experience of employees while reducing administrative costs. Neocase was founded in 2001 and is based in La Garenne Colombes, France.

Buy -

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