Finastra Group Holdings Ltd., a U.K.-based financial technology company, has acquired Malauzai Software Inc., a provider of mobile and internet banking solutions for community financial institutions.
Financial details of the deal were not disclosed.
Finastra has had a partnership with Malauzai under which Malauzai's digital solution was integrated into Finastra's Fusion Phoenix core banking system. The companies have served more than 130 joint customers since 2015.
Krall & Co. Inc. advised Malauzai on the transaction.