<p><a href="http://azentio.com/" target="_blank">Azentio Software</a><span> (“Azentio”), a Singapore-headquartered software products business owned by funds advised by Apax, is pleased to announce the signing of a binding agreement to acquire certain software assets from </span><a href="https://www.path-solutions.com/" target="_blank">Path Solutions</a><span> (including the flagship products </span><b><i>i</i></b><b>MAL</b><span>™, </span><b><i>i</i></b><b>SHRAQ</b><span>™, Path Digital and Path Analytics), a leading provider of core banking software. The transaction is contingent on obtaining relevant regulatory approvals and subject to customary closing conditions. This acquisition will strengthen Azentio’s banking portfolio by adding complimentary core banking software capabilities and a full spectrum of next generation solutions focused on Islamic banks and financial institutions.</span></p>