M&A Deal Summary

nCino Acquires DocFox

On March 18, 2024, nCino acquired software company DocFox

Acquisition Highlights
  • This is nCino’s 2nd transaction in the Software sector.
  • This is nCino’s 3rd transaction in the United States.
  • This is nCino’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2024-03-18
Target DocFox
Sector Software
Buyer(s) nCino
Deal Type Add-on Acquisition

Target

DocFox

Boston, Massachusetts, United States
DocFox is a provider of commercial bank account opening software that streamlines and reduces business account opening duration from weeks to hours. It is an account opening solution that is purpose-built for commercial accounts with the mission to create commercial account openings that banks and their clients love. DocFox was founded in 2016 and is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

nCino

Wilmington, North Carolina, United States
Category Company
Founded 2011
Sector Internet Software and Services
Employees1,791
Revenue 408M USD (2023)
DESCRIPTION

nCino is a provider of cloud-banking services for the banking industry to enhance the customer experience for onboarding, loans, and deposits across all lines of business. Transforming how financial institutions operate through innovation, reputation, and speed nCino works with more than 1,100 financial institutions globally whose assets range in size from $30 million to $2 trillion. nCino was formed in 2011 and is based in Wilmington, North Carolina.

DEAL STATS #
Overall 3 of 4
Sector (Software) 2 of 2
Type (Add-on Acquisition) 3 of 4
State (Massachusetts) 1 of 1
Country (United States) 3 of 3
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-16 SimpleNexus

Lehi, Utah, United States

SimpleNexus is a provider of productivity software for mortgage loan originators. SimpleNexus was founded in 2011 and is based in Lehi, Utah.

Buy $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-30 FullCircl

Wokingham, United Kingdom

FullCircl is a B2B SaaS company that aligns regulation with customer acquisition to boost business efficiency. Its global solutions enhance revenue growth, manage risk and compliance, and streamline customer onboarding, which reduces acquisition costs and fosters positive customer relationships for accelerated growth. Providing millions of actionable insights daily, The company offers a near real-time record of companies, officers, and shareholders, while simplifying due diligence checks like KYB, KYC and AML. FullCircl is based in Wokingham, Berkshire.

Buy -
Mergr

Product

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