One Equity Partners Completes Sale of Dragonfly Financial Technologies to FIS
One Equity Partners (OEP) has completed the sale of Dragonfly Financial Technologies to FIS. Dragonfly, which was carved out from ACI Worldwide (NASDAQ: ACIW) in September 2022, provides digital business banking and cash management solutions. The company serves over 1.4 million businesses and their banks, including four of the top 10 U.S. banks, with strong presence in Asia Pacific. Financial terms were not disclosed.
One Equity Partners (OEP) ha completato la vendita di Dragonfly Financial Technologies a FIS. Dragonfly, che è stata scorporata da ACI Worldwide (NASDAQ: ACIW) nel settembre 2022, offre soluzioni di banking digitale e gestione della liquidità. L'azienda serve oltre 1,4 milioni di imprese e le loro banche, incluse quattro delle prime 10 banche statunitensi, con una forte presenza nella regione Asia-Pacifico. I termini finanziari non sono stati divulgati.
One Equity Partners (OEP) ha completado la venta de Dragonfly Financial Technologies a FIS. Dragonfly, que se separó de ACI Worldwide (NASDAQ: ACIW) en septiembre de 2022, proporciona soluciones de banca digital y gestión de efectivo. La empresa atiende a más de 1.4 millones de negocios y sus bancos, incluidos cuatro de los 10 principales bancos de EE. UU., con una fuerte presencia en Asia-Pacífico. Los términos financieros no fueron divulgados.
One Equity Partners (OEP)가 Dragonfly Financial Technologies를 FIS에 매각했습니다. Dragonfly는 2022년 9월에 ACI Worldwide (NASDAQ: ACIW)에서 분사된 기업으로, 디지털 비즈니스 뱅킹 및 현금 관리 솔루션을 제공합니다. 이 회사는 아시아 태평양 지역에서 강력한 입지를 가지고 있으며, 140만 개 이상의 기업과 그들의 은행에서 서비스를 제공합니다. 재무 조건은 공개되지 않았습니다.
One Equity Partners (OEP) a finalisé la vente de Dragonfly Financial Technologies à FIS. Dragonfly, qui a été détachée de ACI Worldwide (NASDAQ: ACIW) en septembre 2022, propose des solutions de banque numérique et de gestion de trésorerie. L'entreprise sert plus de 1,4 million d'entreprises et leurs banques, notamment quatre des 10 plus grandes banques américaines, avec une forte présence en Asie-Pacifique. Les conditions financières n'ont pas été divulguées.
One Equity Partners (OEP) hat den Verkauf von Dragonfly Financial Technologies an FIS abgeschlossen. Dragonfly, das im September 2022 von ACI Worldwide (NASDAQ: ACIW) ausgegliedert wurde, bietet digitale Geschäftsbanking- und Cash-Management-Lösungen an. Das Unternehmen bedient über 1,4 Millionen Unternehmen sowie deren Banken, darunter vier der 10 größten Banken in den USA, und hat eine starke Präsenz im asiatisch-pazifischen Raum. Die finanziellen Einzelheiten wurden nicht bekannt gegeben.
- Serves over 1.4 million businesses and their banks
- Strong client base including 4 of top 10 U.S. banks
- Established presence in key Asian markets (Singapore, Hong Kong, New Zealand)
- None.
Insights
The sale of Dragonfly Financial Technologies to FIS is a significant strategic move that impacts ACI Worldwide's business portfolio. The transaction completes the cycle that began with OEP's carve-out of ACI's Digital Business Banking Solutions unit in 2022. While financial terms weren't disclosed, the deal's importance lies in Dragonfly's substantial market presence, serving over 1.4 million businesses and including 4 of the top 10 U.S. banks. For ACIW shareholders, this represents the final chapter of the divestiture strategy, potentially streamlining the company's focus on its core operations. The successful exit by OEP validates the unit's value proposition and suggests a profitable transaction, though the undisclosed terms make it challenging to quantify the direct financial impact on ACIW's balance sheet.
OEP carved the ACI Digital Business Banking Solutions unit out of parent company ACI Worldwide (NASDAQ: ACIW) in September 2022 and rebranded the independent Company as Dragonfly Financial Technologies.
The Dragonfly digital business banking platform was designed to meet the demanding standards of financial institutions supporting the largest and most complex businesses for cash management. Its digital business banking offerings serve over 1.4 million businesses and their banks, including four of the top 10 largest banks in the
“Dragonfly's innovative solutions and strong customer base have solidified its position as a leader in digital banking technology,” said Ante Kusurin, Partner at One Equity Partners. “Our partnership with Dragonfly’s management team and shared strategic vision enabled Dragonfly to achieve growth and resilience, even in challenging market environments.”
“OEP was an exceptional partner, offering invaluable experience in dealing with corporate carveouts, industry insights, and technical expertise that has been crucial to Dragonfly’s growth,” said Johan Roets, CEO of the formerly independent Dragonfly Financial Technologies.
About One Equity Partners
One Equity Partners (“OEP”) is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in
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Thomas Zadvydas
Stanton
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Source: One Equity Partners
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