Axway acquires Sopra Banking Software

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Axway’s proposed acquisition of Sopra Banking Software, first announced at the end of February, was made possible by the successful execution of several key financing transactions, including a capital increase with preferential subscription rights for a gross amount of approximately EUR 131 million, combined with the securing of new credit facilities in the amount of EUR 200 million Euro at partner banks.

The combined company will have 5,000 employees and will be led by Axway boss Patrick Donovan as CEO and Sopra boss Eric Bierry as deputy CEO.

With the ongoing consolidation of the two companies, Axway is aiming for sales of around 700 million euros and an operating profit of around 100 million euros by 2025. By 2027, Axway is aiming for sales of over 750 million euros and an operating margin of more than 17%. The group is aiming for an operating margin of around 20% of sales by 2028.

Donovan says: “The completion of the collaboration between Axway and Sopra Banking Software represents a unique development opportunity and the ambitious industrial project we have been working towards can finally become a reality. We will be fully committed to this project, and I am convinced that our teams will achieve outstanding success together. The operational work begins now.