Alkami Technology, Inc. (Nasdaq: ALKT) (Alkami), a leading cloud-based digital banking solutions provider for financial institutions in the US, has announced that it signed a definitive agreement to acquire Fin Technologies, Inc. (MANTL), for an enterprise value of US$400 million, on a debt-free, cash-free basis, and subject to customary purchase price adjustments. MANTL is the premier account opening solution that allows financial institutions to acquire commercial, business, and retail customers through any channel for virtually any deposit account type.

Latham & Watkins LLP represents MANTL in the transaction with a corporate deal team led by New York partner Peyton Worley and Century City partner Brian Duff, with associates Andres Medina-Jordan, Tyler Miller, Drew O’Sullivan, and Milan Amritraj. Advice was also provided on tax matters by Washington, D.C. partner Andrea Ramezan-Jackson, with associate Ashley Flor; on intellectual property matters by New York partner Pelin Serpin and Washington, D.C. partner Morgan Brubaker, with associate Nick Goshgarian; on compensation and benefits matters by Boston partner Josh Friedman, with associate Tessa Young; on data privacy matters by Bay Area partner Heather Deixler, with associate Zac Alpert; on regulatory matters by Washington, D.C. partner Barrie VanBrackle; on antitrust matters by Washington, D.C. partner Patrick English, with associate Ben Bouwman; on finance matters by New York/Los Angeles partner Nathan Whitaker; and on employment/labor matters by Chicago counsel Laura Waller.