SoFi Technologies Inc. undefined said Tuesday it has entered an agreement to acquire Technisys, a cloud-based banking platform, in an all-stock deal valued...
SoFi Technologies Inc. said Tuesday it has entered an agreement to acquire Technisys, a cloud-based banking platform, in an all-stock deal valued at about $1.1 billion. Under the terms of the deal, Technisys shareholders will receive about 84 million SoFi shares, or less than 10% of its fully diluted share count as of Sept. 30. The deal is expected to close in the second quarter.
said Tuesday it has entered an agreement to acquire Technisys, a cloud-based banking platform, in an all-stock deal valued at about $1.1 billion. Under the terms of the deal, Technisys shareholders will receive about 84 million SoFi shares, or less than 10% of its fully diluted share count as of Sept. 30. The deal is expected to close in the second quarter.