NEC to acquire Swiss fintech firm Avaloq for $2.24 billion

Business / Corporate Oct 5, 2020

NEC to acquire Swiss fintech firm Avaloq for $2.24 billion

NEC Corp. said Monday it will acquire Swiss financial software vendor Avaloq Group AG for 2.05 billion Swiss francs (¥236 billion) by April to strengthen its global financial services reach. The information technology giant hopes to add Avaloq's leading digital banking solutions to its own ...