How Is nCino's Acquisition of SimpleNexus Going?
In November, the cloud banking software provider nCino (NASDAQ: NCNO) announced a deal to acquire the mortgage origination platform SimpleNexus for $1.2 billion, largely in stock. Although the company has expanded into other banking areas, nCino began by selling technology in the commercial lending space, so the move caught some by surprise at the time. In addition, any time a high-growth tech company makes an acquisition, there will be questions regarding whether it will be able to capture the full benefits of the purchase, or if it's just throwing money around.
It's been roughly seven months since the deal was announced, and almost five since it closed. So how is nCino's acquisition of SimpleNexus doing?
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Source Fool.com
