NMI Acquires Sphere Commercial Division
October 12, 2023
NMI, a Schaumburg, Illinois-based payments technology company, has acquired the commercial division of payments software provider Sphere. The acquisition brings 23 commercial employees and Sphere's Irving, Texas office to NMI, and is intended to enhance NMI's underwriting, risk management and merchant account creation capabilities; terms were not disclosed.
- Buyers
- NMI
- Targets
- Sphere (commercial division)
- Sellers
- Sphere
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Transaction Type
- Divestiture
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