Vencora acquires CREALOGIX

Crealogix Holding AG / Key word(s): Tender Offer Vencora acquires CREALOGIX 22.02.2024 / 07:20 CET/CEST Leading Swiss technology firm joins global collective of financial services software companies as Vencora finalizes acquisition of CREALOGIX with 99% ownership

TORONTO, ONTARIO AND ZURICH, SWITZERLAND, FEBRUARY 22, 2024 – VENCORA UK LIMITED (“Vencora”) today announced the settlement of its public tender offer (“Offer”) for all publicly held registered shares of CREALOGIX Holding AG (“CREALOGIX”) with a nominal value of CHF 8.00 each. The Offer was completed successfully 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. CREALOGIX is recognized as a Swiss Fintech 100 company, and its solution set includes CREALOGIX Conversational AI, CREALOGIX Funding Portal and CREALOGIX Lending Origination Hub.

“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 decentralized 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.