Companies that help banks sell and manage investment products have emerged as hot takeover prospects, with a surge in buying interest coming from banking technology suppliers.

This week, CUC International of Stamford, Conn., struck a deal to buy Essex Corp., a New York company that markets mutual funds and annuities through 220 banks. The $27 million cash deal is expected to close in January.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.