Monday, June 18, 2018

Malauzai Acquired By Finastra

Austin-based e-banking software developer Malauzai has been acquired by London- and Toronto-based Finastra, a provider of financial services software, Finastra said this morning. Financial details of the buy were not announced. According to Finastra, it will use the acquisition to show its "commitment" to the US retail and business banking sectors. The two companies had been partnered together since 2015, and already had 130 joint customers, according to the two. Malauzai was advised by Krall & Co. Inc. in the transaction, according to the companies. More information »