Diebold Nixdorf’s acquisition of a minority equity stake in Kony, Inc., the leading enterprise mobility and application company


Jones Day has advised Diebold Nixdorf in its acquisition of a minority equity stake in Kony, Inc., the leading enterprise mobility and application company, as part of a strategic partnership to offer white label mobile application solutions for financial institutions and retailers.

The next generation mobile application suite—DN Mobile—will enable a unified and highly personalized experience by leveraging cross-platform data and integrating multiple channels to drive connected commerce.

Kony is recognized as a top leader by Gartner and Forrester, and is the largest mobility provider focused purely on cross-platform, cloud-based enterprise solutions. Kony serves more than 250 million mobile app users worldwide every day and manages more than 3.4 billion user sessions annually.

In conjunction with the partnership, Diebold Nixdorf is investing in a minority equity stake in Kony and will have a seat on its board of directors. Financial terms of the investment are not being disclosed.

Jones Day has advised Diebold Nixdorf on the deal with a team led by partner Benjamin Stulberg.

Involved fees earner: Ben Stulberg – Jones Day;

Law Firms: Jones Day;

Clients: Diebold;

Print Friendly, PDF & Email
Avatar

Author: Ambrogio Visconti