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22.02.2024 07:21:36 - Vencora acquires CREALOGIX
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Crealogix Holding AG / Key word(s): Tender Offer
Vencora acquires CREALOGIX
2024-02-22 / 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.
"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.
Maneggstrasse 17
8041 Zürich
Switzerland
End of News EQS News Service
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1842543 2024-02-22 CET/CEST
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1842543&application_name=news
END) Dow Jones Newswires
February 22, 2024 01:21 ET (06:21 GMT)
Crealogix Holding AG / Key word(s): Tender Offer
Vencora acquires CREALOGIX
2024-02-22 / 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.
"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) End of Media Release 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
===
1842543 2024-02-22 CET/CEST
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1842543&application_name=news
END) Dow Jones Newswires
February 22, 2024 01:21 ET (06:21 GMT)
