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  • NEC snaps up Swiss digital banking solutions provider Avaloq in $2.2 billion deal

NEC snaps up Swiss digital banking solutions provider Avaloq in $2.2 billion deal

NEC has agreed to acquire Avaloq in order to secure a global pathway into the digital payments market.  Announced on October 5, the deal will bring Avaloq under the Japanese…

NEC to buy Swiss software firm Avaloq for $2.2 billion

By Makiko Yamazaki, Sam Nussey TOKYO (Reuters) – Japan’s NEC Corp said on Monday it will buy Swiss financial software company Avaloq Group AG for 2.05 billion Swiss francs ($2.2…