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United Fintech Acquires Cobalt To Strengthen Fx & Digital Assets Trading Capabilities

Dec 15, 2022•over 2 years ago

Acquiring Company

United Fintech

Acquired Company

Cobalt

LondonSan FranciscoFintechFinancial ServicesNetwork SecuritySoftware

Description

United Fintech, the end-to-end solution for banking technology, announces the 100 percent acquisition of Cobalt, the provider of critical risk and data services to the FX and digital asset markets. The acquisition elevates United Fintech’s position as the leading end-to-end solution connecting financial institutions with innovative fintechs to accelerate digital transformation.

Company Information

Company

United Fintech

Location

Højbro Plads

London, England, United Kingdom

About

United Fintech is a neutral industry Digital Transformation Platform aiming to unleash the potential and enable the future of finance by acquiring engineering-led fintechs within Capital Markets, Wholesale Banking, and Wealth Management.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed