M&A Deal Summary

nCino Acquires Sandbox Banking

On February 11, 2025, nCino acquired software company Sandbox Banking for 53M USD

Acquisition Highlights
  • This is nCino’s 3rd transaction in the Software sector.
  • This is nCino’s 2nd largest (disclosed) transaction.
  • This is nCino’s 4th transaction in the United States.
  • This is nCino’s 2nd transaction in Massachusetts.

M&A Deal Summary

Date 2025-02-11
Target Sandbox Banking
Sector Software
Buyer(s) nCino
Deal Type Add-on Acquisition
Deal Value 53M USD

Target

Sandbox Banking

Cambridge, Massachusetts, United States
Sandbox Banking is a digital transformation provider, empowering banks and credit unions with Glyue®, a cutting-edge Integration Platform as a Service (iPaaS) created exclusively for financial institutions. Glyue® seamlessly connects 14+ of the most popular core banking platforms with over 50 industry-leading solutions in lending, deposits, CCaaS, CRM, document management, KYC/AML, underwriting, mobile banking, and analytics. Sandbox Banking was formed in 2015 and is headquartered in Cambridge, Massachusetts.

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Buyer(S) 1

Buyer

nCino

Wilmington, North Carolina, United States

Category Company
Founded 2011
Sector Internet Software and Services
Employees1,833
Revenue 541M USD (2025)
DESCRIPTION
nCino's headquarters in Wilmington, North Carolina.
nCino's headquarters in Wilmington, North Carolina.

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. nCino was formed in 2011 and is based in Wilmington, North Carolina.


DEAL STATS #
Overall 5 of 5
Sector: Software M&A 3 of 3
Type: Add-on Acquisition M&A Deals 5 of 5
State: Massachusetts M&A 2 of 2
Country: United States M&A 4 of 4
Year: 2025 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-30 FullCircl

Wokingham, United Kingdom

FullCircl is a B2B SaaS provider specializing in Customer Lifecycle Intelligence (CLI) for financial institutions and regulated industries. FullCircl was founded in 2006 and is based in Wokingham, United Kingdom.

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