Vencora acquires CREALOGIX to expand its banking technology services

By Gloria Mathias

Vencora has announced the settlement of its public tender offer for all publicly held registered shares of CREALOGIX with a nominal value of CHF 8.00 each. The offer was completed on February 21, 2024.

With a proven track record of providing quality solutions to its customers and a history of successful transactions, the acquisition of CREALOGIX greatly expands Vencora’s presence within the banking technology industry.

CREALOGIX was founded in 1996 and was listed on the SIX Swiss Stock Exchange in 2000. Since then, it has successfully grown its customer base and serves more than 600 customers in 15 countries around the globe.

“We are incredibly excited to have CREALOGIX become part of Vencora,” said Ateet Patel, Banking Portfolio Manager at Vencora. “CREALOGIX is an incredible company with an outstanding team, and we look forward to enabling them with resources and guidance to help drive even greater success.”

CREALOGIX becomes Vencora’s sixteenth brand in its growing portfolio. Under Vencora, CREALOGIX will gain access to new best practices and have ongoing opportunities to network and learn from leaders from the entire portfolio of companies. The Vencora portfolio helps its companies and leaders become stronger together.

“The acquisition of CREALOGIX demonstrates Vencora’s strengthening position within the banking industry and positions us for further growth in the European region,” said Patel.

CREALOGIX will continue to operate independently under the leadership of Oliver Weber, CEO of CREALOGIX. Vencora’s decentralised business model offers its portfolio of businesses the ability to maintain their independence, which allows them to focus on the needs of customers and employees post-acquisition.

“We are proud to now be part of the Vencora family. We share Vencora’s value-based culture with a clear focus on investing in our people through continuous learning,” said Weber. “CREALOGIX has a proven track record in acquiring companies with a long-term focus and a wealth of experience in acquiring software companies in the banking and financial services sector. Our specialisation in vertical markets with international distribution and our history of successful acquisitions make us a very good fit for Vencora.”