SaaS platform FullCircl has been acquired by US software development company nCino for approximately £104 million. The company, based in Winnersh in Berkshire, was founded in 2007 and has been at the forefront of data-driven insights thanks to its advanced algorithms filtering and transforming raw data from millions of online sources for information on markets, organisations, individuals and topics, into valuable insights.
This acquisition will allow nCino to enhance its capabilities in onboarding and client lifecycle management. By combining their strengths, the two companies aim to deliver improved experiences for both clients and staff at financial institutions.
Andrew Yates, Chief Executive and Co-Founder, FullCircl, said: “We have been working with the nCino team for several years, and the close alignment in both organisations across vision, culture, customers, product and market opportunity have contributed to this exciting acquisition making perfect sense.”
Pierre Naudé, Chairman and Chief Executive, nCino, concluded: “The acquisition of FullCircl is a strategic move for nCino that will not only enhance our data and automation capabilities but also enables us to expand our reach across the UK and more broadly in Europe with an end-to-end experience for full client lifecycle management.
“Having worked closely with the FullCircl team for some time now, we recognized the value our joint technology can deliver, and this acquisition marks an exciting step forward in our mission of driving innovation and powering a new era in financial services.”
Image by Markus Winkler from Pixabay
