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Longtop Financial Technologies, Ltd. will acquire FNDSoft

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Like FNDSoft

announced 3/15/2011 via PR Newswire
 
 
 
 
 
 
 
 

Longtop Financial Technologies, Ltd. will acquire FNDSoft

synopsis: Longtop Financial Technologies Limited, a leading software developer and solutions provider targeting the financial services industry in China, has announced that the Company has entered into a definitive agreement to acquire 100% of FNDSoft, a leading provider of core insurance solutions for property Insurance companies in China.
buyer: Longtop Financial Technologies, Ltd.(LFT:$169.06)
Longtop is a software development and solutions provider targeting the financial services industry in China. It develops and delivers a comprehensive range of software applications and solutions with a focus on meeting the rapidly growing IT needs of the financial services institutions in China.
target: FNDSoft
Founded in 2006 and headquartered in Shanghai, FNDSoft develops core insurance software and solutions for property insurance companies in China. The company's core insurance applications are built on its own proprietary Insurance Enterprise Suite platform.
price ($mm)
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closed 4/28/2010 via PR Newswire
 
 
 
 
 
 
 
 

Sapiens International Corporation N.V. acquired HarCase Software Ltd

synopsis: Sapiens International Corporation N.V., a Formula Group company and a global provider of insurance software solutions, announced that it has acquired Harcase Software, a provider of software solutions to the North American insurance industry. The purchase price, consisting of cash and stock, is expected to be in the amount of US$6 to US$8 million.
buyer parent:Emblaze Ltd.
buyer: Sapiens International Corporation N.V.(SPNS:$52.24)
Sapiens International Corporation N.V. is a leading global provider of proven IT solutions that modernize business processes and enable insurance organizations to adapt quickly to change.
target: HarCase Software Ltd
Established in 2003, Harcase Software is dedicated to providing enterprise software development resources and products to the Property and Casualty insurance industry called RapidSure. The RapidSure suite was already embraced by several large carriers.
price ($mm)
$3.98
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closed 8/23/2011 via BusinessWire
 
 
 
 
 
 
 
 

Accenture acquired Duck Creek Technologies

synopsis: Accenture has completed its acquisition of Duck Creek Technologies, a privately held company that specializes in software solutions for the property and casualty (P&C) insurance industry. The acquisition complements Accenture Software’s existing P&C, component-based software platforms.
buyer: Accenture(ACN:$27,352.91)
Accenture is a global management consulting, technology services and outsourcing company. Accenture collaborates with clients to help them become high performance businesses and governments.
target: Duck Creek Technologies
Duck Creek Technologies® develops and markets software that enables insurance carriers to rapidly define, develop, deploy, and manage their insurance products and services – for any line of business. Duck Creek's products are built on the EXAMPLE Platform®.
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closed 7/7/2011 via BusinessWire
 
 
 
 
 
 
 
 

Thomas H. Lee Partners, L.P. acquired Sword Insurance

synopsis: Sword Insurance announced the completion of its previously announced acquisition by Thomas H. Lee Partners, L.P. Sword Insurance delivers software solutions that help companies around the world sell their products and service their clients throughout the customer lifecycle.
buyer: Thomas H. Lee Partners, L.P.
Thomas H. Lee Partners is one of the world's oldest and most experienced private equity firms. It invests in growth-oriented global businesses within three broad sectors: Consumer & Healthcare, Media & Information Services and Business & Financial Services.
target parent: Sword Group SA
target: Sword Insurance
Sword Insurance, a Sword Group division, delivers software solutions that help companies around the world sell their products and service their clients throughout the customer lifecycle.
price ($mm)
$115
rev ($mm)
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price / rev
price / EBITDA
closed 2/10/2011 via BusinessWire
 
 
 
 
 
 
 
 

AmWINS Group, Inc. acquired Oakwood Software Insurance Solutions, LLC

synopsis: AmWINS Group, Inc. has announced that it has acquired Oakwood Software Insurance Solutions, LLC. Oakwood Software develops solutions for Property and Casualty insurance carriers looking for a complete solution to manage personal auto programs.
buyer: AmWINS Group, Inc.
AmWINS Group, Inc. is a leading wholesale distributor of specialty insurance products and services with expertise across a diversified mix of property, casualty and group benefits products.
target: Oakwood Software Insurance Solutions, LLC
Oakwood Software develops solutions for Property and Casualty insurance carriers looking for a complete solution to manage personal auto programs. The company provides products for both policy and claims processing, as well as a data warehouse reporting backend.
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announced 1/26/2010 via PR Newswire
 
 
 
 
 
 
 
 

Solera Holdings, Inc. will acquire Softwaresysteme GTLDATA GmbH

synopsis: Solera Holdings, Inc., announced that it has signed an agreement to acquire Softwaresysteme GTLDATA GmbH. GTLDATA is the leading assessor management system provider in Austria and provides assessors tools to more efficiently assess, organize and communicate automobile claims data with insurance comp
buyer parent:GTCR Golder Rauner
buyer: Solera Holdings, Inc.(SLH:$684.70)
The Solera companies provide a complete range of technology solutions, shared services and consulting for the automobile insurance claims processing industry. Solera is a leading global provider of automobile claims solutions.
target: Softwaresysteme GTLDATA GmbH
GTLDATA is the leading assessor management system provider in Austria and has been a business partner with Solera's Austrian operating company for over ten years.
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announced 3/8/2008 via BNC Analysis
 
 
 
 
 
 
 
 

MajescoMastek will acquire Systems Task Group International Ltd.

synopsis: Mastek, a leading IT solutions player with global operations providing new technology and IP-led enterprise solutions to insurance, government, and financial services organizations worldwide, announced the acquisition of Systems Task Group International Ltd, an IP-based enterprise solutions provider to the North American P&C insurance industry.
buyer parent:Mastek, Ltd.
buyer: MajescoMastek
MajescoMastek delivers proven technology solutions in core insurance areas including Incentive compensation, producer lifecycle management, billing, policy administration, new business processing and claims.
target: Systems Task Group International Ltd.
Systems Task Group (STG) International Ltd, an IP-based enterprise solutions provider to the North American property and casualty (P&C) insurance industry.
price ($mm)
$25
rev ($mm)
$17
EBITDA ($mm)
$2
price / rev
1.7
price / EBITDA
16.8
closed 11/3/2008 via Company Press Release
 
 
 
 
 
 
 
 

AQS, Inc. purchased AscendantOne Policy Management Suite from Insurance Services Office, Inc.

synopsis: AQS, Inc., a provider of policy administration systems for commercial property/casualty insurance, announced the acquisition of the assets and corresponding personnel of the AscendantOne® Policy Management Suite from ISO Insurance Technology Solutions (ISO-ITS), a unit of Insurance Services Office, Inc. (ISO).
buyer: AQS, Inc.
AQS, Inc. provides policy administration and technical services to commercial property and casualty insurers in the United States.
seller: Insurance Services Office, Inc.(VRSK:$1,331.84)
Verisk Analytics is a leading provider of risk assessment solutions to professionals in insurance, healthcare, mortgage lending, government, risk management, and human resources. In the US and around the world, Verisk Analytics helps customers protect people, property, and financial assets.
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announced 8/1/2011 via Market Wire
 
 
 
 
 
 
 
 

MphasiS will acquire Wyde Corp.

synopsis: MphasiS, a leading IT services company, announced it has entered into a definitive agreement to acquire Wyde Corporation, an international software vendor and creator of Wynsure -- an industry leading Insurance Policy Administration Solution. Wyde will operate as a product business within MphasiS' Insurance vertical.
buyer parent:HP
buyer: MphasiS
MphasiS is a $1 billion global service provider, delivering technology based solutions to clients across the world. Its competency lies in its ability to offer integrated service offerings in Applications, Infrastructure Services, and Business Process Outsourcing capabilities.
target: Wyde Corp.
Wyde Corporation is an international software vendor and creator of Wynsure, a multi-language, multi-currency, easily customizable software that offers policy administration, claims and billing solutions across Life & Annuities (L&A), disability, health, and Property & Casualty (P&C).
price ($mm)
rev ($mm)
$30
EBITDA ($mm)
price / rev
price / EBITDA
closed 8/5/2009 via
 
 
 
 
 
 
 
 

21 Investimenti Partners S.p.A. acquired RGI S.P.A.

synopsis: 21 Partners has made a voluntary public tender offer for RGI SpA, a listed Italian provider of software, consulting and outsourcing services. The offer is being made in partnership with company founder Paolo Benini.
buyer: 21 Investimenti Partners S.p.A.
21 Investimenti was established by Alessandro Benetton in 1992 as a holding company investing in medium private companies in Italy.
target: RGI S.P.A.
RGI Group is one of the most dynamic information and communications technology (ICT) companies in Italy, with a proven leadership position in the provision of software, consulting and outsourcing services specifically for the insurance industry.
price ($mm)
$62
rev ($mm)
$51
EBITDA ($mm)
$16
price / rev
1.2
price / EBITDA
3.9
closed 8/1/2008 via Company Press Release
 
 
 
 
 
 
 
 

Oracle Corporation acquired AdminServer

synopsis: Oracle has agreed to acquire AdminServer, a rapidly growing provider of insurance policy administration software. AdminServer's product offering will become a core component of Oracle's existing insurance industry software that is used by more than one thousand insurers, including 20 of the top 20 global insurance companies.
buyer: Oracle Corporation(ORCL:$35,622.00)
Oracle is the world's largest enterprise software company. The company is a leading provider of systems software, including database management, application development, and application server software.
target: AdminServer
AdminServer, Inc. is a premier software solutions provider serving the life, annuity and group segments of the insurance community. After three and a half years of development, the company introduced its first insurance software package for policy/contract plan administration.
price ($mm)
rev ($mm)
$25
EBITDA ($mm)
price / rev
price / EBITDA
announced 8/14/2006 via Company Press Release
 
 
 
 
 
 
 
 

Bain Capital will acquire Applied Systems, Inc.

synopsis: Applied Systems Chairman and CEO James P. Kellner announced today that Bain Capital Partners will be his new ownership partner in the industry-leading agency management system company. Bain Capital and Kellner have signed a definitive agreement to purchase Applied Systems from Vista Equity Partners, LLC.
buyer: Bain Capital
Founded in 1984, Bain Capital's primary aim is to acquire or invest in companies that have excellent potential for equity appreciation. Bain Capital's approach is to develop partnerships with exceptional management teams.
target parent: Vista Equity Partners
target: Applied Systems, Inc.
One of the largest insurance software companies. More than half of the largest brokers in North America utilize an Applied Systems agency manager systems in their business operations, while more than 200 financial institutions utilize an Applied Systems management system.
price ($mm)
$675
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
closed 8/10/2006 via BusinessWire
 
 
 
 
 
 
 
 

Insurance Services Office, inc. acquired Xactware, Inc.

synopsis: ISO has acquired the assets of Xactware, Inc., the leading provider of estimation software and services for the property insurance, remodeling and restoration industries. Terms were not disclosed. The privately held company and its more than 230 employees will continue operating at its current headquarters in Orem, Utah, as a stand-alone entity.
buyer: Insurance Services Office, inc.(VRSK:$1,331.84)
Verisk Analytics is a leading provider of risk assessment solutions to professionals in insurance, healthcare, mortgage lending, government, risk management, and human resources. In the US and around the world, Verisk Analytics helps customers protect people, property, and financial assets.
target: Xactware, Inc.
Xactware is a technology services company specializing in the property insurance and restoration industries. Xactware's technology tools include software estimating solutions as well as powerful systems for replacement cost calculations, estimate tracking and real-time data trending.
price ($mm)
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closed 7/20/2005 via BusinessWire
 
 
 
 
 
 
 
 

Skywire Software acquired InsBridge

synopsis: Skywire Software, a diversified software company with a focus on the insurance and financial services industries, announced it has completed its acquisition of InsBridge. For nearly a decade InsBridge has been providing rating and underwriting applications for the insurance industry.
buyer parent:Hall financial group
buyer: Skywire Software
Skywire Software is a diversified software company focused on insurance, financial services, and enterprise services management. More than 150 customers in 10 countries benefit from the company's software applications and professional services.
target: InsBridge
InsBridge has been supplying software for leading insurance companies. InsBridge markets a suite of proven enterprise-grade rating and underwriting applications that support all lines of business and all major operating system and database platforms.
price ($mm)
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closed 2/23/2004 via BusinessWire
 
 
 
 
 
 
 
 

Ebix, Inc. acquired LifeLink Corporation

synopsis: Ebix, Inc. (NASDAQ: EBIX - News), a leading international supplier of software and e-commerce solutions to the insurance industry, announced that it has completed its acquisition of LifeLink Corp Inc., adding hundreds of brokers and approximately thirty five (35) life insurance companies as customers.
buyer: Ebix, Inc.(EBIX:$168.97)
Ebix, Inc. is a leading international supplier of software and e-commerce solutions to the insurance industry. Ebix provides a series of application software products for the insurance industry ranging from carrier systems, agency systems and exchanges to custom software development.
target parent: ChannelPoint, Inc.
target: LifeLink Corporation
LifeLink Corporation has been selling life insurance sales software applications for over 20 years. LifeLink's flagship application, WinFlex, offers a Single Entry, Multi-Carrier Interface (SEMCI) for more than 35 carriers. Our Vital products - VitalTerm, VitalUL, VitalLTC and VitalSigns - compare
price ($mm)
$8.20
rev ($mm)
$5
EBITDA ($mm)
$1
price / rev
2
price / EBITDA
11.9
closed 3/28/2007 via Daily Deal
 
 
 
 
 
 
 
 

Aurora Capital Group acquired Mitchell International

synopsis: Mitchell International, Inc., a leading provider of information, workflow, and performance management solutions to the automotive insurance claims and collision repair industries, has signed a definitive agreement to sell the company to an investment group led by Aurora Capital Group and including General Electric Pension Trust.
buyer: Aurora Capital Group
Aurora Capital Group is a private equity firm that acquires and builds companies in partnership with operating management. The Firm currently manages approximately $2 billion in capital and is committed to investing in middle market companies with unique, defensible market positions.
target parent: Hellman & Friedman LLC
target: Mitchell International
Mitchell International is a leading provider of information, workflow, and performance management solutions to the automotive insurance claims industry, serving carriers, collision repair facilities, and other commercial participants in the physical damage and auto-related medical claims markets.
price ($mm)
$500
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
closed 10/18/2005 via
 
 
 
 
 
 
 
 

Perot Systems Corporation acquired Technical Management Inc.

synopsis: Perot Systems Corporation today announced completion of its acquisition of Technical Management, Inc. and its subsidiary Transaction Applications Group (TAG), a leading provider of policy administration and business process services to the life insurance and annuity industry.
buyer: Perot Systems Corporation(PER:$2,643.00)
Perot Systems is a worldwide provider of information technology services and business solutions. Perot Systems integrates expertise from across the company to deliver custom solutions that enable clients to accelerate growth, streamline operations and create new levels of customer value.
target: Technical Management Inc.
TAG, is a full-service administrative services provider for life, annuity and traditional health insurance carriers supporting both active and closed books of business.
price ($mm)
$83
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
closed 7/20/2011 via BusinessWire
 
 
 
 
 
 
 
 

Vertafore, Inc. acquired StoneRiver FSC, Inc.

synopsis: Vertafore, a leading provider of insurance distribution channel solutions, announced its acquisition of StoneRiver FSC, Inc. (FSC). FSC delivers insurance rating and management systems to more than 6,500 customers including independent agents, brokers, insurance carriers and managing general agencies across the country.
buyer parent:TPG Capital
buyer: Vertafore, Inc.
Vertafore, Inc. is the leading provider of software and information to the insurance distribution channel including independent agents, brokers, MGAs, carriers and reinsurers.
target parent: Stone Point Capital, LLC
target: StoneRiver FSC, Inc.
StoneRiver FSC offers high-quality solutions for the agency market including personal lines rating solutions, insurance sales management, carrier website quoting, business-to-consumer rating and agency management systems.
price ($mm)
rev ($mm)
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closed 9/30/2009 via BusinessWire
 
 
 
 
 
 
 
 

Ebix, Inc. acquired Peak Performance Solutions

synopsis: Ebix Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance industry, has acquired Ohio-based Peak Performance Solutions, provider of comprehensive, end-to-end insurance software and technology solutions to insurance companies, self-insured entities, and risk management organizations.
buyer: Ebix, Inc.(EBIX:$168.97)
Ebix, Inc. is a leading international supplier of software and e-commerce solutions to the insurance industry. Ebix provides a series of application software products for the insurance industry ranging from carrier systems, agency systems and exchanges to custom software development.
target: Peak Performance Solutions
Peak Performance Solutions offers comprehensive, end-to-end insurance software and technology solutions in the areas of workers’ compensation claims processing, risk management claims administration, managed care tracking and backend policy administration.
price ($mm)
$8.00
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
closed 11/1/2007 via BusinessWire
 
 
 
 
 
 
 
 

JenQuest, Inc. merged with Ebix, Inc.

synopsis: Ebix, Inc., a leading international developer and supplier of software and e-commerce solutions to the insurance industry, has acquired California based JenQuest, Inc. and its subsidiary Insurance Data Services through a merger effective November 1, 2007.
buyer: Ebix, Inc.(EBIX:$168.97)
Ebix, Inc. is a leading international supplier of software and e-commerce solutions to the insurance industry. Ebix provides a series of application software products for the insurance industry ranging from carrier systems, agency systems and exchanges to custom software development.
target: JenQuest, Inc.
Insurance Data Services, a wholly owned subsidiary of JenQuest™, pioneered the first outsourcing application for Certificate of Insurance tracking. IDS has emerged as the leader in the certificate of insurance tracking industry with a customer base spread across 20 different industries.
price ($mm)
$10
rev ($mm)
$6
EBITDA ($mm)
$0
price / rev
2.1
price / EBITDA
56.9
announced 3/15/2011 via PR Newswire

Longtop Financial Technologies, Ltd. will acquire FNDSoft

synopsis: Longtop Financial Technologies Limited, a leading software developer and solutions provider targeting the financial services industry in China, has announced that the Company has entered into a definitive agreement to acquire 100% of FNDSoft, a leading provider of core insurance solutions for property Insurance companies in China.
buyer: Longtop Financial Technologies, Ltd.(LFT:$169.06)
Longtop is a software development and solutions provider targeting the financial services industry in China. It develops and delivers a comprehensive range of software applications and solutions with a focus on meeting the rapidly growing IT needs of the financial services institutions in China.
target: FNDSoft
Founded in 2006 and headquartered in Shanghai, FNDSoft develops core insurance software and solutions for property insurance companies in China. The company's core insurance applications are built on its own proprietary Insurance Enterprise Suite platform.
price ($mm)
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
announced 3/15/2011 via PR Newswire

Longtop Financial Technologies, Ltd. will acquire FNDSoft

synopsis: Longtop Financial Technologies Limited, a leading software developer and solutions provider targeting the financial services industry in China, has announced that the Company has entered into a definitive agreement to acquire 100% of FNDSoft, a leading provider of core insurance solutions for property Insurance companies in China.
buyer: Longtop Financial Technologies, Ltd.(LFT:$169.06)
Longtop is a software development and solutions provider targeting the financial services industry in China. It develops and delivers a comprehensive range of software applications and solutions with a focus on meeting the rapidly growing IT needs of the financial services institutions in China.
target: FNDSoft
Founded in 2006 and headquartered in Shanghai, FNDSoft develops core insurance software and solutions for property insurance companies in China. The company's core insurance applications are built on its own proprietary Insurance Enterprise Suite platform.
price ($mm)
rev ($mm)
EBITDA ($mm)
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announced 1/7/2010 via PR Newswire

Longtop Financial Technologies, Ltd. will acquire Giantstone Information & Technology, Ltd.

synopsis: Longtop Financial Technologies Limited, a leading software developer and solutions provider targeting the financial services industry in China, announced that the Company has entered into a definitive agreement to acquire for cash 100% of Giantstone Information & Technology Ltd., a leading core banking solution provider in China.
buyer: Longtop Financial Technologies, Ltd.(LFT:$169.06)
Longtop is a leading software development and solutions provider in China. Longtop develops and delivers a comprehensive range of software applications and solutions with a focus on meeting the rapidly growing IT needs of the financial services institutions in China.
target: Giantstone Information & Technology, Ltd.
Founded in 2000 and exclusively focused on core banking, Giantstone primarily provides implementation, customization, consulting as well as maintenance services to a leading national joint stock commercial bank.
price ($mm)
$48
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
announced 4/27/2009 via PR Newswire

Longtop Financial Technologies, Ltd. will acquire Sysnet

synopsis: Longtop Financial Technologies Limited announced that the Company has entered into a definitive agreement to acquire the business and assets of Sysnet Info-tech Corporation, which was ranked as the 10th largest IT service provider in China's insurance industry by independent market research firm IDC in 2007.
buyer: Longtop Financial Technologies, Ltd.(LFT:$169.06)
Longtop is a leading software development and solutions provider in China. Longtop develops and delivers a comprehensive range of software applications and solutions with a focus on meeting the rapidly growing IT needs of the financial services institutions in China.
target: Sysnet
Sysnet provides comprehensive information technology customized solutions and services for leading property and life insurance companies. As a market leader for insurance core business solutions, Sysnet was ranked as the No. 5 life insurance core business solution provider in China by IDC in 2007.
price ($mm)
$18
rev ($mm)
$9
EBITDA ($mm)
price / rev
2.9
price / EBITDA
closed 3/14/2007 via PR Newswire

Longtop International Inc. purchased Business Division from Minecode LLC

synopsis: Minecode, headquartered in Seattle, WA, USA, today revealed the sale of its Business Division dedicated to a Redmond, WA based software giant to Longtop International Inc. The balance of Minecode business remains with Minecode USA LLC, a spinoff of the parent company.
buyer: Longtop International Inc.(LFT:$169.06)
Longtop is a leading software development and solutions provider in China. Longtop develops and delivers a comprehensive range of software applications and solutions with a focus on meeting the rapidly growing IT needs of the financial services institutions in China.
seller: Minecode LLC
Minecode is a privately held, zero liability, profitable company that provides software and product development solutions for medium to large enterprises and government agencies globally. With development centers both in India and the U.S., Minecode utilizes the benefits of the global economy.
price ($mm)
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closed 10/27/2008 via PR Newswire
 
 
 
 
 
 
 
 

Continuity Engine, Inc. acquired Business IQ

synopsis: Continuity Engine acquired Business IQ for its banking intelligence and profitability capabilities that will be integrated into their flagship product. With this functionality, Continuity Engine will allow community banks and credit unions to manage risks that are technical, natural or business-related.
buyer: Continuity Engine, Inc.
Founded in 2008 by SaaS, banking and compliance veterans, Continuity Engine has created an on-demand platform designed to simplify the way regulatory compliance is achieved in the management of policies, procedures and audit programs.
target: Business IQ
Business IQ Consulting, wiith extensive IT experience, is defining the development approaches of the future. We stay abreast of the most current and responsive technologies. Great solutions come with insight and the willingness to find the right answers independent from any specific technology.
price ($mm)
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announced 11/21/2008 via PR Newswire
 
 
 
 
 
 
 
 

Ness Technologies, Inc. will acquire Logos a.s.

synopsis: Ness Technologies, Inc., a global provider of IT services and solutions, announced that it has signed a share purchase agreement to acquire 100% of the shares of Logos a.s., a privately-held, Czech-based leading IT services and consulting company.
buyer: Ness Technologies, Inc.(NSTC:$571.79)
Ness Technologies is a global provider of end-to-end IT services and solutions designed to help clients improve competitiveness and efficiency. Ness specializes in outsourcing and offshore, systems integration and application development, software and consulting, and quality assurance and training.
target: Logos a.s.
Logos is a leading Czech provider of consulting and technology services. Through its innovative approach, Logos creates new opportunities for its customers and provides complex solutions specifically for the financial and telecommunications sectors.
price ($mm)
$33
rev ($mm)
$49
EBITDA ($mm)
price / rev
1.4
price / EBITDA
closed 1/30/2007 via Company Press Release
 
 
 
 
 
 
 
 

EDB Business Partner ASA acquired Infopulse Ukraina LLC

synopsis: EDB Business Partner has entered into an agreement to acquire 60% of the Ukrainian IT company Infopulse Ukrania LLC. Infopulse has 300 highly qualified employees with many years experience of nearshoring business with West European and American companies as its customers.
buyer: EDB Business Partner ASA
EDB is a leading IT group in the Nordic region. EDB represents one of the strongest Nordic centres of expertise for the development and operation of IT solutions. EDB is structured as an integrated group; EDB Business Partner Norge AS and EDB Business Partner Sverige AB as operational companies.
target: Infopulse Ukraina LLC
Infopulse offers full range of software services in outsourcing software development. Our main activities are: Tailor-made software development; Business analysis and IT consulting; Custom software design, implementation, testing, integration, maintenance and support.
price ($mm)
$3.60*
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
closed 5/12/2006 via BusinessWire
 
 
 
 
 
 
 
 

Ebix, Inc. acquired Infinity Systems Consulting Inc.

synopsis: Ebix, Inc., today announced that it completed the acquisition of substantially all the operating assets of Infinity Systems Consulting Inc. Ebix acquired the operating assets of Infinity in a deal that is a mix of an earn-out cash payment based on targets spread over two years and an upfront cash payment of approximately $2.9 million.
buyer: Ebix, Inc.(EBIX:$168.97)
Ebix, Inc. is a leading international supplier of software and e-commerce solutions to the insurance industry. Ebix provides a series of application software products for the insurance industry ranging from carrier systems, agency systems and exchanges to custom software development.
target: Infinity Systems Consulting Inc.
Infinity Systems Consulting, Inc. (ISC) was formed in 1989 to provide highly specialized services to the small to medium-sized property and casualty insurance company. The company's primary office locations are in Reston, VA and Dallas, TX.
price ($mm)
$2.78
rev ($mm)
$5
EBITDA ($mm)
$1
price / rev
.6
price / EBITDA
2.7
closed 10/14/2010 via PR Newswire
 
 
 
 
 
 
 
 

iSoftStone Information Technology Co., Ltd acquired Ascend Technologies, Inc.

synopsis: iSoftStone Information Technology (Group) Co. Limited, a leading China-based provider of consulting & solutions, IT services and business process outsourcing (BPO) services, announced that it has acquired Ascend Technologies. Ascend is a provider of IT services and business consulting services to global banking and financial services.
buyer: iSoftStone Information Technology Co., Ltd(ISS:$196.98)
Founded in 2001, iSoftStone is a leading China-based IT services provider serving both Greater China and global clients. iSoftStone provides an integrated suite of IT services and solutions including Consulting & Solutions, IT Services and BPO services.
target: Ascend Technologies, Inc.
Ascend Technologies is a provider of business and IT consulting, system integration and business process improvement services to leading clients in the global banking, financial services and insurance industries.
price ($mm)
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closed 6/28/2009 via Company Press Release
 
 
 
 
 
 
 
 

Metaskil plc acquired Open Square

synopsis: Professional services business Metaskil has acquired Open Square, a software house specializing in software solutions for the insurance industry.
buyer: Metaskil plc
Metaskil specialises in providing senior interim staff for business systems projects, with a focus on programme and project managers. Metaskil saves time and money by understanding (and helping to define) their clients requirements, offering only the 2 or 3 strongest candidates.
target: Open Square
Open Square leads the way in utilising the latest technologies to deliver advanced solutions to insurers, banks and other financial companies.
price ($mm)
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
closed 1/20/2009 via BusinessWire
 
 
 
 
 
 
 
 

Wipro Limited acquired Citi Technology Services Ltd. (India)

synopsis: Citi announced the successful completion of the sale of Citi Technology Services Ltd. (India), the India-based captive provider of information technology services and solutions to Citi entities worldwide, to Wipro Technologies, the global IT services business of Wipro Limited, for all cash consideration of $127 million.
buyer: Wipro Limited(WIT:$271,957.00)
Wipro provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application development and maintenance, and research and development services to corporations globally.
target parent: Citi
target: Citi Technology Services Ltd. (India)
Citi Technology Services is a 100% Citi subsidiary offering unparalleled opportunities to young IT professionals in the BFSI domain. We provide critical technology infrastructure support, development and deployment of strategic software applications to Citi enities worldwide.
price ($mm)
$127
rev ($mm)
$53
EBITDA ($mm)
price / rev
2.4
price / EBITDA
closed 4/25/2007 via
 
 
 
 
 
 
 
 

SunGard Data Systems Inc. acquired Finetix LLC

synopsis: SunGard has acquired New York based Finetix LLC, a leading technology consulting firm focused primarily on the financial services sector. The transaction, the terms of which were not disclosed, is not expected to have a material impact on SunGard’s financial results.
buyer: SunGard Data Systems Inc.
SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business.
target: Finetix LLC
Finetix is the leading Financial Services IT consulting firm specializing in delivering custom solutions to clients trading in Capital Markets. We have an unsurpassed track record in delivering technically excellent solutions frequently, reliably and with reduced risk.
price ($mm)
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
closed 4/19/2012 via BNC Analysis
 
 
 
 
 
 
 
 

Sino Eminent Limited acquired Excel Technology International Holdings

synopsis: Excel Technology, a developer of business application packages principally targeting the banking and finance sector, agreed to sell 564 million shares of Excel Technology to Sino Eminent, representing about 55.57% of the entire issued share capital.
buyer: Sino Eminent Limited
Sino Eminent Limited is a holding company wholly-owned by Republic of China residents LiXia, Chen Yin and He Fang.
target: Excel Technology International Holdings
Excel was founded in 1988 to provide information technology consultancy in Hong Kong. In 1996, the Excel Software Centre was established to develop business application packages principally targeting the banking and finance sector.
price ($mm)
$5.94*
rev ($mm)
$66
EBITDA ($mm)
$0
price / rev
.3
price / EBITDA
40.1
closed 3/23/2012 via BNC Analysis
 
 
 
 
 
 
 
 

tastytrade, Inc. acquired Quiet Foundation, LLC

synopsis: Online financial network operator tastytrade has acquired Quiet Foundation to boost its media production and technology infrastructure. Quiet Foundation is a web design and technology firm. Founder, Linwood Ma, creates and maintains some of the financial industry’s leading trading platforms and applications.
buyer: tastytrade, Inc.
tastytrade is an online financial network operator that produces original, live programming. Their shows are available on the official website, iTunes, Apple TV, Apple Radio, and Roku.
target: Quiet Foundation, LLC
Quiet Foundation focuses on software design and implementation, taking a toolmaker's perspective. Quiet Foundation' founder, Linwood Ma, has been involved in creating and maintaining some of the financial industry’s leading trading platforms and applications.
price ($mm)
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
announced 12/16/2011 via BNC Analysis
 
 
 
 
 
 
 
 

Lombard Risk Management plc will acquire IDOM, Inc.

synopsis: Lombard Risk Management plc has signed an agreement to acquire the regulatory reporting business of SOFGEN, IDOM USA ("Idom"). Idom offers regulatory reporting product Reg-Reporter(R), which has a strong client base in North America including leading banks such as Bank of America and Royal Bank of Canada.
buyer: Lombard Risk Management plc(GB:LRM:$11.80)
Lombard Risk is an innovative and established provider of financial trading and risk management software, as well as industry leading market data services. Founded in 1989, Lombard has done business with more than 50 of the top 100 banks worldwide.
target: IDOM, Inc.
IDOM, Inc. is a leading provider of banking automation products and management consulting services to the financial sector. IDOM provides the management consulting services and banking automation products that financial institutions require to facilitate and simplify their operations.
price ($mm)
$4.25
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
closed 7/18/2011 via BusinessWire
 
 
 
 
 
 
 
 

Global Imaging Systems, Inc. acquired Miller Technology Solutions, Inc.

synopsis: Global Imaging Systems, A Xerox Company, has acquired Miller Technology Solutions, Inc., a Virginia-based managed services company specializing in financial IT services. Established in 2002, the company offers expertise in financial IT services including project management consulting, systems integrity evaluations and network management.
buyer parent:Xerox Corporation
buyer: Global Imaging Systems, Inc.
Global Imaging Systems, A Xerox Company, is made up of regional core companies in the United States that sell and service document management systems such as printers, copiers and multifunction devices; network integration services; and electronic presentation systems.
target: Miller Technology Solutions, Inc.
Miller Technology Solutions, Inc. is a Virginia-based managed services company specializing in financial IT services. Established in 2002, the company offers expertise in financial IT services including project management consulting, systems integrity evaluations and network management.
price ($mm)
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
closed 7/12/2011 via PR Newswire
 
 
 
 
 
 
 
 

Pariveda Solutions, Inc. acquired Softagon Corporation

synopsis: Pariveda Solutions, Inc., a leading provider of strategic consulting services and technical solutions expertise, announced that it has completed the acquisition of Softagon Corporation, a California-based software and services company specializing in solutions for hedge funds, investment managed firms and corporations.
buyer: Pariveda Solutions, Inc.
Headquartered in Dallas, Texas, Pariveda Solutions, Inc. is a leading information technology consulting firm delivering strategic services and technology solutions at the edge. Pariveda's technology solutions include custom application development, business intelligence (BI), mobility, and more.
target: Softagon Corporation
Since its founding in 1998, Softagon has been preferred by leading hedge funds, investment firms and technology companies because of a track record of successfully creating custom software that results in real value and improvements in operational and investment performance.
price ($mm)
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
closed 7/8/2011 via PR Newswire
 
 
 
 
 
 
 
 

HiSoft Technology International Ltd. acquired NouvEON Technology Partners Inc.

synopsis: HiSoft Technology International Limited, a leading China-based provider of outsourced information technology and research and development services headquartered in Dalian, China, announced that it has acquired 100% of the equity interests in Nouveon Technology Partners, Inc., a provider of value-driven IT and process consulting services.
buyer: HiSoft Technology International Ltd.(HSFT:$0.00)
HiSoft Technology International Limited is a leading China-based provider of outsourced information technology and research and development services. HiSoft provides its services to leading companies around the world through a combination of onshore and offshore delivery capabilities.
target: NouvEON Technology Partners Inc.
Nouveon is an established provider of value-driven IT and process consulting services to Fortune 500 companies. Based in North Carolina, Nouveon delivers results-oriented work to clients across the United States with domain expertise primarily in the financial services and energy sectors.
price ($mm)
$5.50
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
closed 1/13/2009 via PR Newswire
 
 
 
 
 
 
 
 

Three Pillar Software, Inc. acquired PKR Internet

synopsis: Three Pillar has finalized the acquisition of software developer PKR Internet, bolstering Three Pillar offerings in web-based multilingual content management systems using Linux, Java, and open source tools.
buyer: Three Pillar Software, Inc.
Three Pillar Software provides application development, integration and data management services to mid-sized and Fortune 1000 clients. Three Pillar differentiates themselves through expertise in open source technologies and agile development methods.
target: PKR Internet
PKR Internet was founded in 2001 in order to pursue opportunities in software development and content management in the financial services industry.
price ($mm)
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
closed 4/13/2007 via BusinessWire
 
 
 
 
 
 
 
 

VSoft Corporation purchased software customer base from Bancsource

synopsis: VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, has acquired Bancsource’s software customer base, allowing VSoft to provide direct service for software support and future upgrades and new solutions.
buyer: VSoft Corporation
VSoft Corporation is a global provider of financial technology solutions that improve service, reduce cost and maximize efficiency. VSoft’s proven products and services ensure versatile and rapid delivery of solutions to mission-critical needs.
seller: Bancsource
Bancsource is the largest independent maintenance provider that offers a total solution for financial institutions. Today, Bancsource works with over 3800 financial institutions including community banks, savings and loans, credit unions and 15 of the 20 largest banks.
price ($mm)
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
announced 11/22/2011 via PR Newswire
 
 
 
 
 
 
 
 

FFastFill plc will acquire WTD Consulting, Inc.

synopsis: London-based FFastFill plc, the leading provider of Software as a Service to the global derivatives community, announced that it has entered into an agreement to acquire the trade and assets of Chicago-based technology consulting and software solutions business, WTD Consulting, Inc.
buyer: FFastFill plc(GB:FFA.GB:$24.91)
FFastFill is the leading provider of Software as a Service to the global derivatives community, using the latest developments in technology to automate trade flow processes across a firm's front, middle and back offices.
target: WTD Consulting, Inc.
WTD Consulting (WTD) provides a full range of data-management programs, system consulting and development services for the front, middle and back office. WTD counts among its clients many of the leaders in the financial services industry.
price ($mm)
$6.90
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
closed 5/10/2012 via BusinessWire
 
 
 
 
 
 
 
 

Coalfire Systems, Inc. acquired Digital Resources Group

synopsis: Colorado-based Coalfire announced that it has acquired privately held Digital Resources Group (DRG) of Redwood City, Calif. The DRG acquisition is another milestone for Coalfire as it consolidates its leadership position in the IT Governance Risk and Compliance services industry.
buyer: Coalfire Systems, Inc.
Founded in 2001, Coalfire is a fast-growing IT Governance, Risk and Compliance (IT GRC) firm, serving as a trusted advisor and IT GRC tools-provider to security-conscious leaders in Retail, Financial Services, Healthcare, Hospitality, Higher Education, Government and Utilities.
target: Digital Resources Group
Digital Resources Group is a leading provider of information security technology consulting services. They specialize in providing practical security solutions for e-business requirements. Industry leaders from e-commerce, financial services, and healthcare rely on DRG for their security expertise.
price ($mm)
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
closed 8/29/2007 via PR Newswire
 
 
 
 
 
 
 
 

AmbironTrustWave acquired One-SEC Ltd.

synopsis: AmbironTrustWave, a leading provider of data security and compliance management solutions worldwide, has acquired London-based One-SEC Ltd. (One-SEC), the leading provider of Payment Card Industry Data Security Standard (PCI DSS) compliance solutions for businesses and organizations in Europe, the Middle East and Africa (EMEA).
buyer: AmbironTrustWave
AmbironTrustWave is a leading provider of information security and compliance management solutions to Fortune 2000 businesses and the public sector. The company's flagship products are TrustKeeper and TrustMinder.
target: One-SEC Ltd.
One-SEC Ltd provides pre-sales, design, implementation and consulting services within the security arena. We also deliver vendor agnostic, consultative led solutions, focused on all industry verticals surrounding compliance.
price ($mm)
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
closed 10/11/2011 via PR Newswire
 
 
 
 
 
 
 
 

The GFT Group purchased Consulting Services Division from G2 Systems, LLC

synopsis: GFT Technologies AG (GFT), an international provider of innovative IT solutions and services, announced the acquisition of G2 Systems' consulting services division, a specialist in the provision of premier IT consulting services for alternative investment companies.
buyer: The GFT Group
The GFT Group, headquartered in Germany, is an international provider of innovative IT solutions and services. As a strategic IT partner, GFT supports its clients in the optimization of their business processes through intelligent IT systems and specialists.
seller: G2 Systems, LLC
G2 Systems' services range from consulting services for Investment Management platforms to the development, implementation and support of tax compliance, regulatory and data warehouse software solutions.
price ($mm)
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
*Price paid does not equal Enterprise Value as the buyer aqcuired less than 100% of target

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Geography
Matching Companies
Ticker:
 
 
 
 
 
 
 
 
Wyde Corp.
Wyde Corporation is an international software vendor and creator of Wynsure, a multi-language, multi-currency, easily customizable software that offers policy administration, claims and billing solutions across Life & Annuities (L&A), disability, health, and Property & Casualty (P&C).
year
2011
rev ($mm)
$30.00
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
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Ticker:
 
 
 
 
 
 
 
 
Prima Solutions
Prima Solutions provides brokers, insurance, mutual insurance and reinsurance companies with complete software offering for Life, P&C, Large Commercial Risks and Reinsurance.
year
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Ticker:
 
 
 
 
 
 
 
 
Technical Management Inc.
TAG, is a full-service administrative services provider for life, annuity and traditional health insurance carriers supporting both active and closed books of business.
year
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Ticker:
 
 
 
 
 
 
 
 
Compu-Quote, Inc.
Compu-Quote is an innovative software services company focused on the Canadian insurance industry. Since 1983, Compu-Quote has provided underwriting and rate comparison tools to small independents and national brokers alike.
year
2009
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
250
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Ticker:
 
 
 
 
 
 
 
 
Metris GmbH
Metris GmbH develops software solutions for insurance companies. It offers openClaims-platform, which supports the workflow of claims settlement from the notice of claim and the active claims management up to the closing of the claim.
year
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Ticker:
 
 
 
 
 
 
 
 
P&C Insurance Systems, Inc.
P&C Insurance Systems (PCIS) provides innovative, capable and dependable software that supports the real-world business requirements of the property and casualty insurance industry.
year
rev ($mm)
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Ticker:
 
 
 
 
 
 
 
 
Bravura Solutions Limited
Bravura Solutions Limited engages in the development and maintenance of wealth management applications, and the provision of professional consulting services to financial institutions.
year
2006
rev ($mm)
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  • drill down
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Ticker:
 
 
 
 
 
 
 
 
oneShield, Inc.
oneShield, Inc.
oneShield is a provider of browser-based solutions to automate the sales and service of insurance and bond products for insurance carriers, major brokers. Our flagship product, oneShield Dragon, is a tools- based, data-driven insurance underwriting, policy administration, rating and workflow engine.
year
2004
rev ($mm)
$1.70
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
30
  • drill down
  • watch
Ticker:
 
 
 
 
 
 
 
 
Misys plc
Misys plc
Misys provides innovative, integrated solutions for the financial services industry. At Misys their aim is to be the leading application software and services provider in the markets that we serve. They deliver mission-critical solutions and services to the financial services sector.
year
2011
rev ($mm)
$630.80
EBITDA ($mm)
$124.30
EBIT ($mm)
$74.58
Net Income ($mm)
$19.27
Employees
3500
  • drill down
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Ticker: LFT
 
 
 
 
 
 
 
 
Longtop Financial Technologies, Ltd.
Longtop is a software development and solutions provider targeting the financial services industry in China. It develops and delivers a comprehensive range of software applications and solutions with a focus on meeting the rapidly growing IT needs of the financial services institutions in China.
year
2010
rev ($mm)
$169.06
EBITDA ($mm)
$70.36
EBIT ($mm)
$62.54
Net Income ($mm)
$59.09
Employees
4258
  • drill down
  • watch
Ticker: NTWK
 
 
 
 
 
 
 
 
NetSol Technologies Inc.
NetSol Technologies Inc.
NetSol Technologies, Inc.'s product and services offerings include credit and finance portfolio management systems, SAP consulting and services, custom development, systems integration, and technical services for the global Financial, Leasing, Insurance, Energy, and Technology markets.
year
2010
rev ($mm)
$36.78
EBITDA ($mm)
$14.50
EBIT ($mm)
$10.60
Net Income ($mm)
$1.39
Employees
732
  • drill down
  • watch
Ticker:
 
 
 
 
 
 
 
 
Aditi Technologies Pvt., Ltd.
Aditi is a solutions development partner for software businesses and financial institutions. Aditi provides technology consulting and outsourced product development on emerging technologies. Founded in 1994, Aditi pioneered the idea that great software products can be built out of India.
year
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Ticker: BSE:532254
 
 
 
 
 
 
 
 
Polaris Software Lab Ltd.
Polaris Software Lab is a leading Financial Technology company, with its comprehensive portfolio of products, services and consulting. Polaris has a talent strength of over 9,000 solution architects, domain and technology experts.
year
2009
rev ($mm)
$285.62
EBITDA ($mm)
$52.38
EBIT ($mm)
$41.74
Net Income ($mm)
$27.92
Employees
9238
  • drill down
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Ticker:
 
 
 
 
 
 
 
 
Trifork A/S
Trifork A/S develops, sells and delivers IT solutions to the financial and public sector in Denmark. The company provides technology development, implementation, and optimizing services.
year
2011
rev ($mm)
$35.01
EBITDA ($mm)
$5.15
EBIT ($mm)
Net Income ($mm)
Employees
  • drill down
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Ticker:
 
 
 
 
 
 
 
 
IDOM, Inc.
IDOM, Inc.
IDOM, Inc. is a leading provider of banking automation products and management consulting services to the financial sector. IDOM provides the management consulting services and banking automation products that financial institutions require to facilitate and simplify their operations.
year
2008
rev ($mm)
$11.00
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
  • drill down
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Ticker:
 
 
 
 
 
 
 
 
Logos a.s.
Logos is a leading Czech provider of consulting and technology services. Through its innovative approach, Logos creates new opportunities for its customers and provides complex solutions specifically for the financial and telecommunications sectors.
year
2008
rev ($mm)
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EBIT ($mm)
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Employees
570
  • drill down
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Ticker: TIE1V
 
 
 
 
 
 
 
 
TietoEnator Corporation
TietoEnator Corporation
TietoEnator is among the leading architects in building a more efficient information society and one of the largest IT services providers in Europe. TietoEnator specializes in consulting, developing and hosting its customers' business operations in the digital economy.
year
2005
rev ($mm)
$358.50
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
  • drill down
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Ticker:
 
 
 
 
 
 
 
 
WTD Consulting, Inc.
WTD Consulting (WTD) provides a full range of data-management programs, system consulting and development services for the front, middle and back office. WTD counts among its clients many of the leaders in the financial services industry.
year
rev ($mm)
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  • drill down
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Ticker: FJH:XTRA
 
 
 
 
 
 
 
 
COR&FJA AG
COR&FJA AG, together with its subsidiaries, offers software and consultancy services primarily for the insurance industry and pensions market in Germany and internationally.
year
2008
rev ($mm)
$85.46
EBITDA ($mm)
$3.90
EBIT ($mm)
$2.78
Net Income ($mm)
$0.70
Employees
475
  • drill down
  • watch
Ticker:
 
 
 
 
 
 
 
 
G2 FinTech
G2 FinTech specializes in tax compliance and regulatory software products for the investment management community. G2’s software products help Clients solve business problems that have been traditionally addressed with in-house code or expensive third-party services
year
rev ($mm)
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  • drill down
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Ticker:
 
 
 
 
 
 
 
 
Safe Systems, Inc.
Safe Systems is a national leader in providing network services exclusively to community financial institutions. Safe Systems’ solutions include IT managed services, business continuity and disaster recovery, network design and installation, security services, and IT and compliance training.
year
rev ($mm)
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Ticker:
 
 
 
 
 
 
 
 
Total Data Services
Total Data Services is a recognized leader in providing technology solutions for mission critical computing environments within the financial industry.
year
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Ticker:
 
 
 
 
 
 
 
 
Visionet Systems Inc.
Using a combination of consulting, metrics-based technology solutions, and business process outsourcing, Visionet Systems helps customers identify and remove inefficient business processes and technologies to improve profitability.
year
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Ticker:
 
 
 
 
 
 
 
 
Syntesys Group
Syntesys Group is the first European network of business and technical experts fully dedicated to serving the SWIFT community. Syntesys has a proven track record in providing end-to-end professional services and SWIFT-enabled solutions to over 150 customers in Europe since 1998.
year
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
  • drill down
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