Date
11.05.24
One Equity Completes Sale of Dragonfly Financial Technologies to FIS
One Equity Partners (“OEP”) , a middle market private equity firm, today announced it has completed its sale of Dragonfly Financial Technologies (“Dragonfly” or “the Company”), a digital business banking and cash management solutions provider, to FIS, a global leader in financial technology. Financial terms of the transaction were not disclosed.
OEP carved the ACI Digital Business Banking Solutions unit out of parent company ACI Worldwide (NASDAQ: ACIW) in September 2022 and rebranded the independent Company as Dragonfly Financial Technologies.
The Dragonfly digital business banking platform was designed to meet the demanding standards of financial institutions supporting the largest and most complex businesses for cash management. Its digital business banking offerings serve over 1.4 million businesses and their banks, including four of the top 10 largest banks in the U.S. Dragonfly also has a strong client presence with tier one banks in the Asia Pacific region, including Singapore, Hong Kong and New Zealand.
“Dragonfly's innovative solutions and strong customer base have solidified its position as a leader in digital banking technology,” said Ante Kusurin, Partner at One Equity Partners. “Our partnership with Dragonfly’s management team and shared strategic vision enabled Dragonfly to achieve growth and resilience, even in challenging market environments.”
“OEP was an exceptional partner, offering invaluable experience in dealing with corporate carveouts, industry insights, and technical expertise that has been crucial to Dragonfly’s growth,” said Johan Roets, CEO of the formerly independent Dragonfly Financial Technologies.
About One Equity Partners
One Equity Partners (“OEP”) is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm seeks to build market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 400 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt and Amsterdam. For more information, please visit www.oneequity.com.
