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  5. Profidata Group AG Acquires abraxas

M&A Deal Summary

Profidata Group AG Acquires abraxas

On May 26, 2016, Profidata Group AG acquired software company abraxas

Acquisition Highlights
  • This is Profidata Group AG’s 1st transaction in the Software sector.
  • This is Profidata Group AG’s 1st transaction in Germany.

M&A Deal Summary
Date 2016-05-26
Target abraxas
Sector Software
Buyer(s) Profidata Group AG
Deal Type Add-on Acquisition

Target

abraxas

Saarbrücken, Germany
abraxas GmbH is a provider of software solutions for banks and financial service providers.

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Buyer(S) 1

Buyer

Profidata Group AG

Urdorf, Switzerland
Category Company
Founded 1985
Sector Software
DESCRIPTION

Profidata Group AG is a developer of investment and wealth management software for the financial services industry and offers extensive services around the software products XENTIS and e-AMIS.

DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2016 M&A 1 of 1
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