Alkami Technology Sale Process kicks off after buyer interest, sources say

Alkami Technology Sale Process kicks off after buyer interest, sources say

NEW YORK, Aug 6 (Reuters) – Digital ‌banking software provider Alkami Technology has formally launched a sale process after drawing acquisition interest from potential buyers amid mounting pressure from activist investor ​Jana Partners, according to people familiar with the matter.

The ​Plano, Texas-based company’s advisers began contacting private equity firms ⁠over the past week following the inbound interest, the sources ​said.

The discussions are in their early stages and no deal is ​guaranteed, the sources said, speaking on condition of anonymity because the matter is confidential.

Alkami did not immediately respond to a request for comment.

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The process ​comes on the back of activist investor Jana Partners contending ​Alkami was failing to run a genuine sale process, according to a Bloomberg ‌report ⁠last month.

Alkami provides cloud-based digital banking software and related services to banks and credit unions, including account opening, payments, fraud protection, data analytics and customer engagement tools.

Jana disclosed a 5.1% stake ​in Alkami in ​April after building ⁠its position in the company in 2025.

Reuters previously reported that the hedge fund believed Alkami’s shares were ​undervalued and had urged the company to explore ​a ⁠sale to a strategic buyer or private equity firm.

Alkami has a market value of about $2 billion. Its shares have fallen about 15% ⁠over ​the past 12 months amid concerns over ​slowing growth and a tougher spending environment for financial technology companies.