2025 Highlights: A Letter from Mike Dufton

I want to reflect on a year of meaningful progress for Vencora in 2025. Over the past twelve months, we have continued to strengthen our position in financial services, expand our global footprint, and reinforce the platform we are building to support growth and innovation across our portfolio. 

It also marks an important leadership transition at Vencora. For 2026, Kevin Bradley will assume the role of CEO. Leading Vencora has been one of the most rewarding chapters of my career, and I am confident that Kevin is exceptionally well positioned to guide the organization through its next phase. He brings extensive experience across financial services, operations, and M&A, along with a strong focus on building high-performing organizations and supporting portfolio companies for long-term success. 

Acquisitions

In May, we welcomed Data Action into our portfolio. Based in Australia, Data Action is a respected banking technology provider and a strong strategic addition to our global network of companies. The business has integrated well and is performing in line with our expectations, further strengthening our presence in the banking sector. 

The acquisition of Data Action is a great reminder of what we set out to achieve with Vencora. We built a portfolio of businesses that we knew could be better together – and we’ve created a proven first-choice global home where financial services software leaders can thrive.

Across the broader portfolio, many of our businesses delivered solid organic growth in 2025, supported by disciplined execution and continued investment in product and customer experience. This performance highlights the resilience of our operating model and the strength of the markets we serve.  

Events

Throughout the year, Vencora maintained an active presence across key industry events, including the Association for Financial Technology Fall Summit in Banff, Insuretech Connect Vegas, and the Singapore Fintech Festival, just to name a few. These forums provided opportunities to engage with industry peers and to share our perspective on the future of financial services technology. 

Internally, we continued to invest in collaboration and knowledge sharing across the portfolio, strengthening the connections that enable our companies to learn from one another and scale effectively as part of a global organization. This included our Vencora ‘Elevate’ conference, where the M&A team and leaders from across our businesses came together for strategic planning, learning, and cross-portfolio collaboration, as well as regional summits in Costa Rica and Montréal focused on sharing best practices, strengthening functional capabilities, and exploring new ideas.

Looking Forward

Innovation remains central to Vencora’s strategy. In 2025, Vencora and our portfolio companies continued to explore how emerging technologies, including AI, can enhance operations, customer experience, and product development. In the year ahead, the focus will be on translating these initiatives into tangible impact and embedding them more deeply into how we operate and build software businesses. 

Growth through acquisition will also remain a priority. We see a strong pipeline of opportunities and remain focused on expanding the portfolio and partnering with businesses that align with our long-term vision and values.

I am deeply proud of what the Vencora team achieved in 2025 and grateful to everyone who contributed to our continued success. With strong momentum, a clear strategy, and an exciting leadership transition ahead, we enter the coming year well positioned for continued progress. 

Mike Dufton

Read our full 2025 Annual Review here.