One Equity Partners (OEP), a middle market private equity firm, today announced it has completed its sale of Dragonfly Financial Technologies, a digital business banking and cash management solutions provider, to FIS, a global leader in financial technology.
Financial terms of the transaction were not disclosed.
OEP carved the ACI Digital Business Banking Solutions unit out of parent company ACI Worldwide (NASDAQ:ACIW) in September 2022 and rebranded the independent Company as Dragonfly Financial Technologies.
The Dragonfly digital business banking platform was designed to meet the demanding standards of financial institutions supporting the largest and most complex businesses for cash management.
“Dragonfly’s innovative solutions and strong customer base have solidified its position as a leader in digital banking technology,” said Ante Kusurin, Partner at One Equity Partners. “Our partnership with Dragonfly’s management team and shared strategic vision enabled Dragonfly to achieve growth and resilience, even in challenging market environments.”
“OEP was an exceptional partner, offering invaluable experience in dealing with corporate carveouts, industry insights, and technical expertise that has been crucial to Dragonfly’s growth,” said Johan Roets, CEO of the formerly independent Dragonfly Financial Technologies.
