VISIT THHEALTHCARE.COM - The Healthcare & Life Sciences division of Technology Holdings

Technology Holdings advises Digital Banking and Wealth Management IT expert, Confinale on its strategic sale to HCL Technologies

Jun 2022
Has been acquired by

Digital Banking, Fintech & Wealth Management IT

57 Million CHF
View Transaction Details
Technology Holdings advises Digital Banking and Wealth Management IT expert, Confinale on its strategic sale to HCL Technologies
Seller Confinale
Buyer HCL Technologies
Focus Sector Digital Banking, Fintech & Wealth Management IT
Date June 2022

Technology Holdings is pleased to announce that it has acted as the exclusive financial advisor to Confinale on its strategic sale to HCL Technologies.

quote Technology Holdings has an impressive track record in Banking, Financial Services & Insurance IT and Fintech and we were able to leverage their global buyer and investor relationships to deliver an outstanding result for us. Their structured and high touch process was remarkable - from preparing impressive materials, facilitating the right buyer/investor meetings, to advising us on the selection of the right partner – they were exceptional! TH did exactly what they promised and took on the heavy lifting and truly became an extension of the Confinale team. The deal team guided us through the complexities and pressures of the transaction and presented us with a range of strategic options at each stage of the process. TH negotiated hard throughout the deal to deliver an outcome that exceeded our expectations, both in terms of valuation and fit - HCL is a truly global player and their strong heritage in financial services makes them an excellent partner for us!
Roland Staub CEO, Confinale
Jonas Misteli CFO, Confinale

Headquartered in Switzerland, with a presence in Germany and the United Kingdom, Confinale is one of only four Avaloq Premium Implementation partners globally, specializing in digital banking and wealth management IT solutions. Confinale has also developed a market-leading suite of proprietary products and solutions to complement banking services and accelerate digital transformation across core business areas, increasing automation and efficiency in the banking industry.

Founded in 2012, Confinale provides business and IT consulting to the digital banking and wealth management sector – covering IT architecture, interface integration, process modelling, application development and its proprietary products and IP. With the acquisition of Confinale, HCL Technologies expands its footprint in the global banking and wealth management market with an emphasis on Avaloq consulting, implementation and management capabilities. Confinale’s intellectual properties provide impetus to HCL’s strategy to create specialized vertical domain capabilities and position HCL as a leader in the end-to-end implementation and lifecycle management of the Avaloq platform.

Roland Staub, CEO of Confinale said “Becoming part of HCL is an exciting new chapter for Confinale. We strongly believe in the need for banking expertise, combined with software competence and HCL is the perfect fit for this. HCL is a truly global player with strong heritage in the financial services sector – their reach will enable us to accelerate our growth and expose our team to new learning and innovation opportunities.”

Rahul Singh, President of Financial Services and Digital Process Operations of HCL Technologies said “This acquisition significantly strengthens HCL’s digital wealth and asset management capabilities and expands our presence in the heart of the global investment banking sector. We welcome the team from Confinale and look forward to continuing to drive digital banking innovation alongside Avaloq.”

Vivek Subramanyam, Founder and CEO of Technology Holdings said “We are proud to have advised Confinale on this landmark digital banking, wealth management IT and fintech transaction. This transaction is our 26th deal in the Banking, Financial Services & Insurance IT and Fintech ecosystem, and further demonstrates our expertise as the industry leader in the space. Confinale’s capabilities and team are exceptional and we wish them every success in this strategic transaction with HCL Technologies.”

Group 9
Transactions
Group 9
Jun 2024
Will be acquired by

Digital Engineering

View Transaction Details
Technology Holdings advises Chamonix IT, a leading Digital Engineering company, on its strategic sale to Synechron
Jun 2024
Will be acquired by

AI and Data Science

View Transaction Details
Technology Holdings advises Exposé, a leading AI and Data Science company, on its strategic sale to Synechron
Apr 2024
Has been acquired by

Digital Design & Innovation Consulting

View Transaction Details
Technology Holdings advises Magnetic, a full service design and innovation specialist, on its strategic sale to Newton
Apr 2024
Has been acquired by

Financial Services Management Consulting

View Transaction Details
Technology Holdings advises Axis Corporate, a leading financial services management consultancy, on its strategic sale to Accenture
Mar 2024
Has been acquired by

Marketing Automation

View Transaction Details
Technology Holdings advises The Lumery, a leading MarTech consultancy, on its strategic sale to Accenture
Feb 2024
Majority acquired by

Insurance Technology Services & IP

$66 Million
View Transaction Details
Technology Holdings advises InsurTech specialist Aggne, on the acquisition of a majority stake by Wipro for $66 Million
Dec 2023
Has been acquired by

Salesforce Consulting & IP

View Transaction Details
Technology Holdings advises ForeFront, a Salesforce Summit Partner, on its strategic sale to NEORIS
Nov 2023
Has been acquired by

ServiceNow Consulting & Managed Services

View Transaction Details
Technology Holdings advises ServiceNow Elite Partner Unifii on its strategic sale to Bain Capital backed Inetum
Nov 2023
Has been acquired by

Management Consulting & Digital Transformation

View Transaction Details
Technology Holdings advises Management Consulting led Digital Transformation Specialist, WINNING Consulting on its strategic sale to Alan Allman Associates
Nov 2023
Has been acquired by

Digital Transformation Agency

View Transaction Details
Technology Holdings advises Digital Transformation Agency, Cyber-Duck on its strategic sale to CACI
Oct 2023
Private Equity Buyout

B2B Marketing Services & Marketing Automation

View Transaction Details
Technology Holdings advises B2B Marketing & Marketing Automation Specialist, Quarry on its sale to private equity fund, RTC Partners
Aug 2023
Has been acquired by

Fintech Software Engineering

View Transaction Details
Technology Holdings advises Woodridge Software, a Fintech Software Development Company, on its sale to RCG Global Services