M&A Deal Summary

Core10 Acquires Accrue

On October 4, 2021, Core10 acquired software company Accrue

Acquisition Highlights
  • This is Core10’s 1st transaction in the Software sector.
  • This is Core10’s 1st transaction in the United States.
  • This is Core10’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2021-10-04
Target Accrue
Sector Software
Buyer(s) Core10
Deal Type Add-on Acquisition

Target

Accrue

Franklin, Tennessee, United States
Accrue helps small- to mid-sized banks in delivering the digital banking experience customers and employees expect. They combine industry and market expertise with a deep knowledge of financial technology to deliver a secure platform with everything in one place. Accrue connects banking systems and processes into one convenient platform, providing consumer and business digital account opening, automated and configurable decisioning, online forms, onboarding, borrower and customer portals, digital document management, and more. Accrue is based in Franklin, Tennessee.

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Buyer(S) 1

Buyer

Core10

Franklin, Tennessee, United States
Category Company
Founded 2016
Sector Information Technology
DESCRIPTION

Core10 is a provider of API integration and implementation services to the fintech and financial services industry. The company's team is well versed in new and existing financial technology APIs and integration layers, as well as open banking initiatives. Core10 makes it a priority to construct functional and scalable API solutions that are easy to understand and consume. Its 100% U.S.-based development team is located in smaller U.S. Hereshore communities, including Huntington, West Virginia, Johnson City, Tennessee, and Martin, Tennessee, that produce highly educated developers and offer a significantly lower cost of living than the major U.S. hubs. Core10 was formed in 2016 and is based in Franklin, Tennessee.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Mergr

Product

Company

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