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Benzinga

SoFi To Acquire Technisys For $1.1B: All You Need To Know

Digital personal finance company SoFi Technologies Inc (NASDAQ: SOFI) agreed to acquire Technisys, a cloud-native, digital multi-product core banking platform. Technisys’ shareholders will receive aggregate consideration of 84 million shares of SoFi, less than 10% of SoFi’s fully diluted share count as of September 30, 2021. The shares have an aggregate value of $1.1 billion based on the volume-weighted average price of SoFi common stock for the 20-trading day period ended February 15, 2022. The