NMI Acquires Sphere's Commercial Division to Strengthen Underwriting and Risk Management Capabilities.
MANews-(C)2009-2023
US-based full commerce enablement technology NMI has acquired the Sphere Commercial Division to enhance NMI's underwriting and risk management capabilities, the company said.
Terms of the acquisition are undisclosed, and this acquisition will not affect any of Sphere's other entities.
The acquisition will allow NMI partners, including independent software vendors, independent sales organisations and fintech innovators, to create merchant accounts within the existing NMI platform.
Berenson & company served as financial advisor to NMI and William Blair served as financial advisor to Sphere's Commercial Division in connection with...
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