Avoka Acquired By Swiss Company For $245 million

BROOMFIELD, CO –A Swiss company has acquired Avoka, an Australian-based banking software company with its U.S. headquarters in Broomfield, for $245 million, the company announced last week.

Geneva-based Temenos purchased the company to add to its digital services to bank customers. The sale is subject to regulatory approval , a press release said.

Avoka employs about 100 people in Broomfield selling "software as a service" banking apps that allow bank customers to apply for credit cards or open new accounts online.

Philip Copeland, Avoka's chief executive officer said the merger would "catapult our growth to the next stage," in a press release. The company earned $50 million last year, according to the Broomfield Enterprise.

“Avoka is the recognized leader for customer acquisition and onboarding. By combining our strengths with Temenos’ expertise and reach, we will expand our scope and scale to deliver winning omni-channel, digital experience solutions to banks globally," he said.

Avoka was founded in Sydney, Australia in 2002 and has digitized over 100 million transactions for bank clients, according to the company website. The company also has offices in London, England and Sydney.

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Avoka is HIRING: Check out these IT jobs posted through Patch partner Ziprecruiter.com:

Solutions Architect Avoka Technologies Avoka is one of the hottest companies in Fintech and based here in Colorado: · KPMG Top 10 fintech innovators · Inc. Magazine 22 fintech starters to watch · Finovate 3 times best of show winners ...

Technical Account Manager Avoka Technologies The Technical Account Manager (or Customer Success Architect) is responsible to ensuring success of deployed solutions for defined customers.

Director of Marketing Avoka Technologies Avoka is a software-as-a-service company helping banks worldwide deliver customer journeys to convert prospects into customers. For opening accounts, applying for loans, or onboarding businesses ...

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