MeridianLink Inc (MLNK) News & EventsMLNKNews & EventsMeridianLink Inc

MeridianLink and Jack Henry Enhance Strategic Reseller Partnership

MeridianLink (MLNK) and Jack Henry (JKHY) announced an expansion of their existing relationship to "accelerate innovation, deliver best-in-class consumer experiences, and drive successful consumer outcomes for community banks and credit unions throughout the account opening and lending customer lifecycle." Going forward, Jack Henry will resell the suite of MeridianLink One platform solutions, including MeridianLink Mortgage and MeridianLink Consumer. The expanded collaboration builds upon the successful 15-year alliance to jointly serve over 500 banks and credit unions and new joint customers by transforming digital lending and account opening experiences for both consumers and staff. "Financial institutions are modernizing their platforms and adopting new capabilities to serve changing consumer needs," said Larry Katz, President and Chief Executive Officer designate of MeridianLink. "Our expanded relationship underscores the power of our integrated offering and the ability of our platform to deliver differentiated outcomes for banks and credit unions. Additionally, our collaboration now includes the full capabilities of the MeridianLink One platform." The expanded alliance between MeridianLink and Jack Henry includes additional capabilities that extend across consumer and mortgage lending, empowering financial institutions to securely and reliably enhance account opening, application processing, loan origination, and cross-selling experiences.

MeridianLink to be acquired by Centerbridge Partners for $2B

MeridianLink announced that it has entered into a definitive agreement to be acquired by funds advised by affiliates of Centerbridge Partners in an all-cash transaction that values MeridianLink at an enterprise value of approximately $2B. Upon closing of the transaction, MeridianLink will become a private company. Under the terms of the agreement, MeridianLink shareholders will receive $20.00 per share in cash for each share of common stock they own. The purchase price represents a premium of approximately 26% over the closing price of MeridianLink shares as of August 8 the last full trading day prior to the transaction announcement. The MeridianLink board of directors unanimously approved the transaction, which is expected to close in the second half of 2025, subject to approval by MeridianLink shareholders and the satisfaction of regulatory approvals and customary closing conditions. The holders of approximately 55% of MeridianLink's shares of common stock have agreed to vote all of the shares of MeridianLink common stock owned by them in favor of the transaction. Upon completion of the transaction, MeridianLink's common stock will no longer be listed on any public market. MeridianLink will remain headquartered in Irvine, California.

MeridianLink reports Q2 EPS 13c, consensus 10c

Reports Q2 revenue $84.6M, consensus $81.78M. "Our second quarter results demonstrate strong execution in an environment that remains uncertain," said Nicolaas Vlok, chief executive officer of MeridianLink. "As Larry Katz is poised to take the CEO role over in October, I want to reiterate how grateful I am for the opportunity to have led this business. I am proud of our dedicated team who have helped to build our market-leading platform and partner ecosystem. We've created a strong foundation for our next chapter, and Larry and the management team are ready and capable to lead."