Digital commerce firm NCR Voyix has found a buyer for its cloud-based banking business. Tech investor Veritas Capital has agreed to purchase the banking platform for $2.45 billion in cash, along with “future additional contingent consideration” of up to $100 million, NCR Voyix announced Tuesday (Aug. 6). “We believe that Veritas,...
Canadian payments FinTech Nuvei is set to acquire Brazilian payments institution Pay2All. The deal, announced Monday (Aug. 5), is designed to expand Nuvei’s capabilities in Brazil and its presence in the larger Latin American market. Pay2All’s payment institution license from Brazil’s central bank will let...
Mars is reportedly in discussions to acquire snack maker Kellanova in a deal worth about $30 billion. The purchase could come about “imminently,” The Wall Street Journal reported Monday (Aug. 5), citing unnamed sources. The acquisition would be among the biggest deals of 2024. Kellanova...
Flywire is reportedly exploring a sale after seeing interest in a takeover. The payments processor, which has a market value of $2.3 billion, is working with investment bankers to evaluate interest from private equity firms and other potential buyers, Reuters reported Friday (Aug. 2), citing...
Supply chain solutions provider Blue Yonder’s $839 million acquisition of One Network Enterprises is complete. The deal, announced Thursday (Aug. 1), lets Blue Yonder customers collaborate and share data on things like inventory levels and materials movement in real time across all trading partners up and down the supply chain. “It’s...
Payments processing startup Lemon Squeezy has been acquired by Stripe. Lemon Squeezy announced the acquisition on its blog last week, saying the deal marks a culmination of a relationship that began when the company was founded in 2021. “Along the way, we received many acquisition...
Fortis has acquired MerchantE’s NetSuite payments division, saying this move will accelerate the deployment of new, embedded financial and commerce enabling solutions. MerchantE’s NetSuite payments solutions will join Fortis’ existing embedded payments offerings for software providers, enterprise resource planning (ERP) customers and scaling businesses, Fortis said in...
Cloud security startup Wiz has reportedly rejected a $23 billion acquisition bid by Google. Instead, the company will go ahead with plans for an initial public offering (IPO), CNBC reported late Monday (July 22), citing an internal memo written by Wiz co-founder Assaf Rappaport “Saying...
Congresswoman Maxine Waters (D-Calif.) reiterated her opposition to the proposed Capital One–Discover merger. Waters, the top Democrat on the House Financial Services Committee (HFSC), testified against the proposed merger Friday (July 19) during a virtual meeting convened by the Federal Reserve and the Office of...
