nCino / SimpleNexus 2021
nCino acquired SimpleNexus for $1.2B on November 16, 2021.
- Target
- SimpleNexus
- Acquirer
- nCino
- Deal value
- $1.2B
- Announced
- November 16, 2021
- Sub-sector
- Mortgage Tech
Transaction overview
- nCino announced the acquisition of SimpleNexus on November 16, 2021 for $1.2B.
Strategic rationale
Expands nCino's reach into independent mortgage banking segment with complementary communications and loan officer platform offering high net revenue retention.
Deal terms & multiples
Sources
- nationalmortgagenews.com /news/fintech-ncino-to-purchase-simplenexus-for-1-2b