- Avaloq, a Swiss-based global leader in digital banking solutions and wealth management technology
- Japan-based NEC Corporation announced the closing of NEC’s acquisition of Avaloq
- This acquisition was first announced in October 2020, and following receipt of the relevant regulatory approvals
- NEC now holds 100% of Avaloq’s shares, including the 45% previously held by private equity firm Warburg Pincus
- Avaloq provides powerful cloud solutions for banks and wealth managers around the globe through BPaaS
- Through the acquisition of Avaloq, NEC acquires domain knowledge in the digital finance field and enters this segment globally
