FT Partners Advises Nomis on its Sale to STG
Overview of Transaction
- On May 12, 2020, Symphony Technology Group (“STG”) announced that it has acquired a majority stake in Nomis, a SaaS-based pricing analytics platform that provides insights for retail banks
- Founded in 2002 and based in Brisbane, CA, Nomis is a leading provider of pricing and profitability-management solutions for the Global Retail Banking market through a proprietary analytics, optimization, and execution platform
- Nomis provides cutting edge solutions to support big data, advanced modeling, and analytics
- The Nomis platform manages over $2.5 trillion in transaction volume, quotes a price every 60 milliseconds, empowers 14,000+ bankers, and generates nearly $800 million in value annually
- STG is a private equity partner to market leading companies in data, software, and analytics
Significance of Transaction
- STG’s deep strategic and operational expertise and history of investing in technology companies that serve the financial services industry will enhance Nomis’ ability to accelerate its growth and product leadership
FT Partners' Role
- FT Partners served as exclusive strategic and financial advisor to Nomis
- FT Partners previously advised Nomis on its 2017 strategic minority financing from Accenture
- The transaction underscores FT Partners’ continued success advising leading companies in the Banking Technology space