After seeing strong growth and success in 2023, our first full calendar year since launching, Vencora entered 2024 with strong momentum. Since the start of the year, our team has been able to capitalize on our prior success, with a number of major milestones worth celebrating.
Since January, Vencora has completed two acquisitions and have welcomed these incredible businesses into our growing portfolio. Meanwhile, Vencora has supported our portfolio with driving new initiatives, growing their customer bases, and strengthening their businesses.
Here are some of the key highlights from the first half of 2024 so far.
Acquisitions
Vencora finalized its first acquisition of the year in February, when we announced the settlement of our public tender offer of CREALOGIX, a global leader in digital banking technology and a Swiss Fintech 100 company.
In March, Vencora completed the acquisition of SERIVA, which provides end-to-end treasury management software for financial institutions in Latin America. The company was acquired through Vencora Banking company Fisa Group.
In addition to welcoming these two new businesses to our portfolio, Vencora Insurance business BBT Software also acquired the assets of IT Surplus GmbH in January, enabling BBT to expand its expertise in scanning technology.
Events
In February, the Vencora M&A team from around the globe connected in Toronto, Canada for our second annual “Elevate” event. Our team members are gathered to discuss new growth strategies and share learnings on connecting with market leaders.
Additionally, the Vencora and Omegro Shared Services Summit brought together participants from our global Finance, IT and Data Security, Tax and Legal teams to discuss best practices, shared challenges and trends in Vienna, Austria this June.
In addition to our internal events to share learnings and best practices, our team has been present at several industry events globally this year, so far. Our Banking team attended Money 20/20 Asia in Bangkok, as well as Digital Bank Latam in Quito, Ecuador. Meanwhile, the Vencora Insurance team had the opportunity to meet insurtech experts from around the world, as they attended ITC DIA Europe in Amsterdam, ITC Asia in Singapore, and Insurtech Insights in New York City.
Looking forward
Vencora has grown to a business with 17 brands and over 1,600 team members, which serve 2,400 customers within the banking and insurance industries globally. Looking forward, our focus is to continue to capitalize on the tremendous success we’ve already seen and continue to support the ongoing growth of our portfolio of businesses.
For the second half of 2024, Vencora plans to continue growing our ecosystem, whilst providing our entire portfolio of businesses with the knowledge and expertise they need to take their business to the next level and to find new paths of growth.
In October, Vencora will continue to demonstrate our dedication to strengthening our people’s knowledge and skills as we participate in Quadrants, a week-long conference that brings together leaders from across our portfolio of companies to share ideas, best practices and learn from each other. Our M&A teams will also be present at more industry tradeshows globally, including CL@B Panama 2024 in September and ITC Vegas 2024 in October.
I am incredibly grateful to be surrounded by a fantastic team at Vencora, who are all dedicated and driven to creating a top global financial services technology business and want to thank them for a fantastic start to 2024.
If you’re interested in learning more about Vencora, and how we can support your business’ long-term growth, please connect with us.
Mike Dufton
CEO, Vencora
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