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Texas-Squared Startup Newsletter #209
Texas Startup News, Opinion & Events in the Lone StartUP State
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Kony Acquired by Swiss Banking Software Company for $559 Million — Link
- AustinInno’s Will Flanagan
- Austin fintech firm Kony sold to Swiss software maker Temenos — Link
- Austin American-Statesman Staff - Kony Fetches at Least $559m In Buyout By Swiss Fintech Giant — Link
- Austin Business Journal
“Kony, an Austin-based digital app platform, has been acquired by Switzerland banking software giant Temenos for an enterprise value of $559 million and a reported earn-out of $21 million. The deal is subject to regulatory approval.
Kony, which was founded in 2007 and has raised just over $150 million in funding, is behind Kony DBX, its suite of leading mobile banking apps.” — AustinInno’s Will Flanagan
