As we enter the new year, I look back and reflect on 2024 with significant pride over the success, growth and achievements of Vencora and our fantastic team. Together, we were able to capitalize on the success seen in our first year after the launch of Vencora, and drive growth across the portfolio. In 2024, our portfolio grew with new acquisitions, product launches and new initiatives, and leaders from across Vencora met over multiple internal events to network, learn and share best practices.
Here are some of the key highlights and successes at Vencora in 2024.
Acquisitions
The year began with our M&A team working towards the completion of the acquisition of CREALOGIX, which was finalized in February. As a global leader in digital banking technology, welcoming CREALOGIX into the Vencora portfolio strengthened our position within the European banking software market.
Shortly after, Vencora completed its second acquisition of the year, as we welcomed Seriva into our growing portfolio. The company is focused on providing end-to-end treasury management software for financial institutions in Latin America, and was acquired through Fisa Group, one of our banking technology businesses.
Vencora also supported BBT Software, one of our insurance technology businesses, with acquiring the assets of IT Surplus GmbH, which enabled BBT to expand further into the scanning technology sector.
Events
Throughout the year, leaders and up-and-comers from our newly acquired businesses and existing businesses got to meet, network with, and learn from others across the portfolio at global networking events.
One of our key networking events was Elevate in October, which took place in Cancun, Mexico, as a part of Quadrants. Elevate brought together over 100 executives, leaders and rising stars from across all of Vencora’s businesses. The event provided a fantastic opportunity that showcased our growing scale, and enabled our team members to grow their connections, share learnings and learn from each other.
Additionally, Vencora’s functional teams held individual summits to drive learnings and share knowledge. In February, the Vencora M&A team connected in Toronto, Canada to discuss new growth strategies and discuss new ways to engage with financial services technology companies around the world. In June, the Vencora and Omegro Shared Services Summit in Vienna brought together participants from our global Finance, IT and Data Security, Tax and Legal teams to network and learn new insights.
The Vencora team also attended a variety of global industry events where they had the opportunity to meet leaders from across the banking and insurance technology industries and learn about the newest industry trends. One of those events was ITC Vegas, where Vencora showcased on the tradeshow floor, along with our businesses Insuresoft and Silvervine. We also attended Money 2020 Asia in Bangkok, Insurtech Insights in both NYC and Singapore, FIBA-FELABAN CLAB in Panama City, Digital Bank LATAM in Quito, and more.
A Deeper Focus on Artificial Intelligence
In 2024, Vencora, and all 17 brands within our portfolio, took a deeper focus on how they can use AI to seize new opportunities, drive operational efficiency and innovate new products.
To help spur innovation and enable our businesses to brainstorm new ideas, we challenged business leaders to propose new AI projects that could have a material impact on their business in a friendly competition. As part of the competition, business leaders showcased their proposals at Quadrants alongside over 100 competing submissions from within Vencora, as well as its sister portfolios. Two teams from the Vencora portfolio were selected in the top ten submissions: CREALOGIX’s Funding Portal unit, and SSP’s Asia Pacific division.
I want to thank Vencora’s businesses for submitting incredibly innovative proposals, and for enthusiastically partaking in the showcase event in order to share their ideas, gain feedback and learn together. AI will continue to be a major focus for Vencora so that our businesses can continue to provide excellent, innovative solutions to their customers. I invite you to continue watching how we deepen our focus on AI at Vencora in 2025.
Staying connected in 2025
In 2024, we continued to focus on our commitment to driving growth and preserving legacies. I am incredibly proud of our team at Vencora and across all our businesses. Every team member within the Vencora portfolio supports our vision to create a financial services ecosystem that provides a platform to collaborate, grow and create value for a safer, more connected world.
As I look at the year ahead, I am very excited for what 2025 has in store. We are keenly focused on continuing the growth trajectory we’ve accomplished, and to capitalize on the success we’ve seen in the past couple of years.
If you’d like to learn more about Vencora, and how we can support your business grow, please contact us.
Mike Dufton
CEO, Vencora