{"id":2908,"date":"2020-05-12T16:54:51","date_gmt":"2020-05-12T16:54:51","guid":{"rendered":"https:\/\/stgpartners.com\/?p=2908"},"modified":"2022-11-01T18:05:38","modified_gmt":"2022-11-02T01:05:38","slug":"nomis-solutions-secures-funding-from-symphony-technology-group-in-the-form-of-majority-equity-stake","status":"publish","type":"post","link":"https:\/\/stg.com\/news\/nomis-solutions-secures-funding-from-symphony-technology-group-in-the-form-of-majority-equity-stake\/","title":{"rendered":"Nomis Solutions Secures Funding from Symphony Technology Group in the Form of Majority Equity Stake"},"content":{"rendered":"<p><strong>Market leader in pricing technology for global banking receives equity investment to accelerate growth<\/strong><\/p>\n<p><a href=\"https:\/\/www.nomissolutions.com\/\">Nomis Solutions<\/a>, a leading provider of SaaS-based pricing and profitability management solutions for the global retail banking market, has reached an agreement with <a href=\"https:\/\/stgpartners.com\/\">Symphony Technology Group<\/a> (STG) in which STG has acquired a majority equity interest in Nomis.<\/p>\n<p>Nomis joins STG with a deep history of market leadership and tremendous market opportunity ahead. As retail banks and mortgage lenders look to deepen relationships with their end consumers and tailor product offerings accordingly, pricing technology and profitability management solutions will play an integral role in a dynamic market landscape. Nomis serves many of the large retail banks in North America and globally.<\/p>\n<p>\u201cI am excited to partner with STG in driving the next phase of growth for Nomis,\u201d said Frank Rohde, CEO of Nomis. \u201cOver the past year, we\u2019ve made significant investments in our core platform as well as the launch of our new nSight solution for mortgage and deposit pricing. These investments have led to 60 percent customer growth over the last six months alone. The additional capital invested by STG will allow us to accelerate market-driven innovation and continue to build out the banking industry\u2019s leading pricing platform.<\/p>\n<p>\u201cAs banks and lenders look to navigate the current recession and changing consumer behavior, investment in digital sales and service capabilities, customer-centric analytics, and improved profitability management will be critical to preserve and protect margins. Nomis will continue to be the partner to provide the most advanced pricing technology and expertise to our customers,\u201d continued Rohde. \u201cWith STG, we\u2019re teaming up with an investor whose focus on the intersection of software, data, and analytics presents the perfect partnership opportunity for Nomis.\u201d<\/p>\n<p>\u201cGlobal banks seek best-in-class technology partners like Nomis to provide pricing and profitability management solutions,\u201d said Marc Bala, managing director at STG. \u201cNomis has developed the industry-leading product suite and has a reputation for delivering outstanding support to its blue-chip customer base. STG is thrilled to partner with Frank Rohde and the Nomis team to build on its record of innovation and continue delivering world-class digital banking solutions to customers for years to come.\u201d<\/p>\n<p>\u201cNomis\u2019 market expertise and deep commitment to its customers has positioned it as a trusted advisor to retail banks around the world,\u201d said Quinlan Fang, principal at STG. \u201cWe are excited to welcome Nomis into the STG family and look forward to working with the leadership team to further enhance the value the company creates for its customers.\u201d<\/p>\n<p>Financial Technology Partners (FTP) served as exclusive strategic and financial advisor to Nomis in this transaction.<\/p>\n<p><strong>About Symphony Technology Group<\/strong><\/p>\n<p>STG is the private equity partner to market leading companies in data, software, and analytics. The firm brings expertise, flexibility, and resources to build strategic value and unlock the potential of innovative companies. Partnering to build customer-centric, market winning portfolio companies, STG creates sustainable foundations for growth that bring value to all existing and future stakeholders. The firm is dedicated to transforming and building outstanding technology companies in partnership with world class management teams. STG\u2019s expansive portfolio has consisted of more than 30 global companies. For more information, please visit <a href=\"https:\/\/stgpartners.com\/\">stgpartners.com<\/a>.<\/p>\n<p><strong>About Nomis Solutions<\/strong><\/p>\n<p>Nomis\u00a0is a fast-growing fintech and price optimization pioneer that is enabling the world\u2019s smartest financial institutions to drive sustained, profitable growth through end-to-end customer-centric pricing capabilities.\u00a0We do so through our market-leading, cloud-native\u00a0Nomis\u00a0Platform\u2122 and team of experts, bringing together cutting-edge big data, machine learning, AI and mission-critical software with deep expertise in consumer behavior, pricing and the financial services industry. The\u00a0Nomis\u00a0Platform manages over $2.5 trillion in transaction volume, quotes a price every 60 milliseconds, empowers 14,000+ bankers, and generates nearly $800 million in value annually. To learn more, visit <a href=\"https:\/\/www.nomissolutions.com\/\">nomissolutions.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market leader in pricing technology for global banking receives equity investment to accelerate growth Nomis Solutions, a leading provider of SaaS-based pricing and profitability management solutions for the global retail banking market, has reached an agreement with Symphony Technology Group (STG) in which STG has acquired a majority equity interest in Nomis. Nomis joins STG&hellip;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"node_moved":[],"footnotes":""},"categories":[5,10],"tags":[81],"company":[115],"class_list":["post-2908","post","type-post","status-publish","format-standard","hentry","category-news","category-press-release","tag-nomis","company-nomis"],"acf":[],"yoast_head":"\n<title>Nomis Solutions Secures Funding from Symphony Technology Group in the Form of Majority Equity Stake - STG<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/stg.com\/news\/nomis-solutions-secures-funding-from-symphony-technology-group-in-the-form-of-majority-equity-stake\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nomis Solutions Secures Funding from Symphony Technology Group in the Form of Majority Equity Stake - STG\" \/>\n<meta property=\"og:description\" content=\"Market leader in pricing technology for global banking receives equity investment to accelerate growth Nomis Solutions, a leading provider of SaaS-based pricing and profitability management solutions for the global retail banking market, has reached an agreement with Symphony Technology Group (STG) in which STG has acquired a majority equity interest in Nomis. 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