SoftBank and Telstra are both set to exit digital banking technology developer Kony in an acquisition by Temenos that comes after about $113m of funding.

Banking software producer Temenos agreed yesterday to pay at least $559m to acquire Kony, a US-based mobile banking software developer backed by telecommunications firms SoftBank and Telstra. The deal consists of $559m upfront, in addition to a $21m earn-out. The transaction is subject to regulatory approvals and is expected to close early in the fourth…

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