nCino Acquires Sandbox Banking
February 11, 2025
nCino (NASDAQ: NCNO) announced it is acquiring Sandbox Banking, a digital transformation/integration platform provider for banks and credit unions. The acquisition adds Sandbox’s Glyue iPaaS integration technology to help financial institutions improve data connectivity, interoperability, and accelerate deployment of onboarding, lending, deposits, and other banking workflows. The purchase price is $52.5 million in cash, plus an earn-out of up to $10 million based on financial and product milestones.
- Buyers
- nCino, Inc.
- Targets
- Sandbox Banking
- Industry
- Data & Analytics
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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