Vencora acquires CREALOGIX

Crealogix Holding AG / Key word(s): Tender Offer
Vencora acquires CREALOGIX

22.02.2024 / 07:20 CET/CEST

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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.

'We are proud to be now 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 a good fit for
Vencora.'

Vencora is a global collective of technology companies passionate about
changing the face of the financial services industry. Headquartered in
Toronto Canada, Vencora acquires, strengthens and grows vertical market
technology companies in the banking, insurance and financial services
sector.


Terms of the Offer

  * Following the settlement, Vencora directly and indirectly holds
    1,391,622 CREALOGIX shares in aggregate, representing 99.07% of the
    issued share capital and voting rights of CREALOGIX.

  * Vencora intends to initiate squeeze-out proceedings and to have the
    shares of CREALOGIX delisted from SIX Swiss Exchange, and to have
    CREALOGIX apply for an exemption from certain disclosure and publicity
    obligations under the listing rules of SIX Exchange Regulation AG.

Press Release (PDF)


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End of Media Release

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   Language:       English
   Company:        Crealogix Holding AG
                   Maneggstrasse 17
                   8041 Zürich
                   Switzerland
   Phone:          +41 58 404 87 65
   E-mail:         media@crealogix.com
   Internet:       www.crealogix.com
   ISIN:           CH0011115703
   Listed:         SIX Swiss Exchange
   EQS News ID:    1842543

End of News EQS News Service
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1842543 22.02.2024 CET/CEST