Add-on Acquisition • Software

Fifth Third Bank Acquires DTS Connex

On August 20, 2025, Fifth Third Bank acquired software company DTS Connex

Acquisition Context
  • This is Fifth Third Bank’s 1st transaction in the Software sector.
  • This is Fifth Third Bank’s 38th transaction in the United States.
  • This is Fifth Third Bank’s 1st transaction in Maryland.

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M&A Deal Summary

Date August 20, 2025
Target DTS Connex
Sector Software
Buyer(s) Fifth Third Bank
Deal Type Add-on Acquisition

Target Company

DTS Connex

Westminster, Maryland, United States
DTS Connex offers cash management software solutions for multi-location businesses such as retailers, restaurants, and healthcare providers. DTS Connex is based in Westminster, Maryland.
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Buyer Overview 1

Buyer

Fifth Third Bank

Cincinnati, Ohio, United States

Category Company
Founded 1858
Sector Financial Services
Employees18,616
Revenue 8.3B USD (2024)
DESCRIPTION
Fifth Third Bank branch in Chicago, Illinois.
Fifth Third Bank branch in Chicago, Illinois.

Fifth Third Bank is a regional US-based bank. Fifth Third provides a variety of financial services including commercial lending, consumer lending, and investment advisory. Fifth Third Bank was incorporated in 1858 and is based in Cincinnati, Ohio.


Deal Context for Buyer #
Overall 38 of 40
Sector: Software 1 of 1
Type: Add-on Acquisition 33 of 34
State: Maryland 1 of 1
Country: United States 38 of 40
Year: 2025 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-22 Rize Money

Arlington, Virginia, United States

Rize Money is a fintech infrastructure platform that provides fintech, non-bank financial institutions, non-financial brands, and other technology companies access to all the tools they need to efficiently build, launch, and scale new financial products and services via one API. Open deposit accounts, get access to payment rails, and leverage innovative risk management tools all in one integrated platform. Rize Money was formed in 2014 and is based in Arlington, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-06 Comerica

Dallas, Texas, United States

Comerica is a financial services company that provides retail, business banking, and wealth management services and serves principally operates in the states of Texas, California, and Michigan. Comerica was incorporated in 1849 and is based in Dallas, Texas.

Buy $10.9B