Add-on Acquisition • Software

Sbanken Acquires Quantfolio ASA

On March 23, 2017, Sbanken acquired software company Quantfolio ASA

Acquisition Context

This is Sbanken’s 1st transaction in the Software sector.
This is Sbanken’s 1st transaction in Norway.

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M&A Deal Summary
Date	March 23, 2017
Target	Quantfolio ASA
Sector	Software
Buyer(s)	Sbanken
Deal Type	Add-on Acquisition

Target Company

Quantfolio ASA

Bergen, Norway

Quantfolio ASA is a developer of a machine learning software for selecting the best savings products through a quantitative approach. By applying AI and algorithms on historical financial data, The company offer consulting and development for banks who wish to implement dynamic portfolios which regularly chooses the best products for their customers.

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Buyer Overview 1

Buyer

Sbanken

Bergen, Norway

Category	Company
Founded	2000
Sector	Financial Services
Employees	333
Revenue	1.9B NOK (2020)

DESCRIPTION

Sbanken is an independent online bank in Nordics. Sbanken offers a comprehensive range of financial products and services to individuals and households in Norway within payments and card services, deposit-based savings, investment products, long-term and short-term loans. Sbanken was founded in 2000 and is based in Bergen, Norway.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Software	1 of 1
Type: Add-on Acquisition	1 of 1
Country: Norway	1 of 1
Year: 2017	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2007-10-23	Skandiabanken Bilfinans AS Fyllingsdalen, Norway Skandiabanken Bilfinans AS is a provider of car financing services in Norway and Sweden. The business today comprises some 115,000 customer contracts and includes an aggregate credit portfolio of approximately SEK 13 billion.	Sell	kr2.3B

DATE

TARGET

DEAL TYPE

VALUE

2007-10-23

Skandiabanken Bilfinans AS

Fyllingsdalen, Norway

Skandiabanken Bilfinans AS is a provider of car financing services in Norway and Sweden. The business today comprises some 115,000 customer contracts and includes an aggregate credit portfolio of approximately SEK 13 billion.

Sell

kr2.3B

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