Alkami Launches Formal Sale Process, Courts Buyout Firms

Plano, Texas-based Alkami Technology provides cloud-based digital banking software to U.S. banks and credit unions, helping smaller financial institutions compete with larger lenders. The company has faced pressure from activist investor Jana Partners, which disclosed a 5.1% stake on April 1, 2026, and later amassed an economic interest of more than 10%. A sale would test buyer appetite for recurring-revenue financial software as investors reassess valuations across the sector.

Alkami has launched a formal sale process after drawing interest from prospective buyers, Reuters reported on August 6, 2026. The company’s advisers have begun contacting private equity firms as they seek offers, marking a step beyond its earlier review of strategic options. Discussions remain at an early stage, no proposed purchase price or transaction value has been disclosed, and there is no certainty that the outreach will produce an agreement. Alkami could still decide against a sale.