Axio buys Navian
It’s almost official but word is that Axio is buying Navian. This move gives Axio exposure and expertise in the bank channel. The exposure comes from $650m in structured sales in the bank channel while the expertise comes from the addition of Gregg DiGeronimo to the Axio National Accounts team. My best guess is this boosts Axio notional sales by 20%...from roughly $3.5 billion to $4.1 billion. This move also frees Tim Bonacci to focus all of his efforts on the launch of Luma Technologies.