Axway Completes Acquisition of Sopra Banking Software

Axway has successfully acquired Sopra Banking Software, establishing itself as one of France's top enterprise software publishers, particularly in banking and financial services. This acquisition aims to bolster Axway's position by creating a diversified product portfolio that spans multiple markets and regions.

This milestone was achieved through a share capital increase of approximately €131 million and securing new credit facilities worth around €200 million, culminating in an enterprise value of €330 million. Regulatory authorities have approved the acquisition, and the integration process has begun.

The new group targets around €460 million revenue for 2024 with an operating margin between 13% and 17%. By 2025, the company aims for €700 million in revenue and a 14% to 16% operating margin. By 2027, revenue is expected to exceed €750 million, with a margin above 17%.

The Group will be led by CEO Patrick Donovan and Deputy CEO Eric Bierry. They believe this acquisition marks a transformative phase for the company, anticipating significant value creation for all stakeholders.

Financial details and strategic plans will be elaborated in a Capital Markets Meeting in Q1 2025. Revenue for Q3 2024 will be published on October 24, 2024.