BlackFin buys New Access Banking Software

The size of BlackFin's stake remains undisclosed, but management stated that they would continue to hold a significant stake.

The GP announced that it is planning add-on acquisitions to grow the company's value.

BlackFin invested through its second fund, which held a first close on €160m in January 2015 and has a target of €350m.

Company
Founded in 2000 and based in Geneva, New Access Banking Software develops software products for banking relationship management, asset and advisory management and electronic document management. The company stated that its software has been deployed across 120 locations in 19 countries.

People
Eric May is managing director of BlacFin Capital Partners. Alexis Sikorsky is founder and CEO of New Access Banking Software.

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