Axway has successfully completed its acquisition of Sopra Banking Software (SBS), solidifying its position as one of France's leading enterprise software publishers. This acquisition, valued at $364 million, is supported by a share capital increase of $144 million and new credit facilities worth $221 million. Axway aims to leverage this transformative deal to enhance its presence in the banking and financial services sectors, with the integration process already underway. The group, led by CEO Patrick Donovan and Deputy CEO Eric Bierry, is targeting revenue over $500 million in 2024 with an operating margin between 13% and 17%.
Axway is renowned for its API-driven B2B integration and MFT software, which complements its Amplify API management platform. With over 11,000 clients, Axway helps enterprises streamline digital operations across complex technology ecosystems. SBS, a global fintech leader with over 1,500 clients in 80 countries, provides cloud-based digital banking platforms. This merger positions the new group for accelerated growth, targeting $773 million in revenue by 2025 and $828 million by 2027, alongside anticipated cost optimizations of $15.6 million. The combined group aims for long-term operational margins of 20% by 2028.
