Defendant

Alkami Technology

1 case as defendant.

Cases
1
Active
0
1 closed
Filed
—
Top venue
E.D. Texas
1 case

Company profile

Alkami Technology, Inc. (Nasdaq: ALKT) is a publicly traded software company headquartered at 5601 Granite Parkway, Plano, Texas. It was founded in 2009 (some older filings reference a 2007 formation and the former name "Shryk") and went public on the Nasdaq in April 2021. It is an independent public company, not a subsidiary. Public data puts headcount at roughly 1,200 employees and 2025 revenue at $443.6 million, up 32.9% year over year, with a net loss of about $47.7 million. Market capitalization has recently been reported in the roughly $1.4–2.2 billion range depending on date.

Products and operations. Alkami sells a cloud-based, multi-tenant "digital sales and service platform" to US community, regional and super-regional banks and credit unions. The platform comprises the Alkami Digital Banking Platform, Onboarding & Account Opening, and Data & Marketing, spanning around 36 products across retail and business banking, payments, account management, fraud/risk, and analytics, with 300-plus integrations to core and third-party fintech systems. Revenue is almost entirely subscription SaaS (95% in 2025). It acquired ACH Alert (2020), Segmint (2022) and MANTL (March 2025), and established an India subsidiary in 2024. This is an operating company with real products, not an NPE.

Litigation posture. The tracked data show Alkami as a defendant in a single case, with zero plaintiff-side suits — the profile of an operating company defending against an assertion, not an aggressor. The sole case, Plano Encryption Technologies, LLC v. Alkami Technology, was filed in the Eastern District of Texas (Marshall Division, Judge Rodney Gilstrap), a venue historically favored by patent plaintiffs.

Context. Plaintiff Plano Encryption Technologies is a Texas entity wholly owned by Koba Holdings, LLC; it is characterized in Stanford's NPE database as an "acquired patents" asserter. The same patent family was asserted against numerous banks and technology firms (e.g., Q2 Holdings, FIS, Jack Henry, Best Buy, State Farm), and USPTO records show Alkami's case was filed in the 2:16-cv-01032 docket. That campaign's focus on mobile-app encryption and secure-transaction technology is the technology context behind the single tracked suit against Alkami. No outcome or merits are asserted here.