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Alkami Technology’s $2.2B Shake-Up: Activists, Advisers & Buyout Buzz!

Alkami Technology is exploring strategic options, including a potential sale, as it faces mounting pressure from activist investor Jana Partners. The Plano, Texas-based company has hired a financial adviser to assess interest from potential suitors, including private equity firms and industry players, according to people familiar with the matter. This move comes as Alkami’s stock hovers around $20.93, with a market capitalization of approximately $2.2 billion — a ~42% decline over the past year. While no transaction is guaranteed and discussions remain preliminary, the strategic review signals a potential turning point for a company that has grown steadily but faces heightened investor scrutiny. The development comes alongside similar activist-driven moves in the financial software sector, including Bill Holdings’ own exploration of a sale following pressure from Starboard Value LP.