By The Roberts Group

closed 2/12/2020 via PR Newswire

TRG Screen, acquired Market Data Insights LLC

synopsis: TRG Screen, the leading provider of enterprise subscription spend management solutions, has acquired Market Data Insights (MDI), a leading provider of market data managed services. The acquisition of MDI will further solidify TRG Screen's position as a global market leader of market data management solutions.
buyer parent: Polaris Partners
buyer: TRG Screen
TRG Screen is the leading provider of enterprise subscription management solutions. TRG Screen is uniquely differentiated by its ability to monitor both spend and usage of data and information services including market data, research, software licenses, consulting and other corporate expenses. "
target: Market Data Insights LLC
Market Data Insights (MDI) provides dynamic data management programs to financial firms on an outsourced basis, either delivered on the client's inventory system or as a professionally managed solution.
price ($mm)
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EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/20/2019 via PR Newswire

TRG Screen, acquired Axon Financial Systems

synopsis: TRG Screen, the leading provider of enterprise subscription spend management solutions, has acquired Northern Ireland-based Axon Financial Systems, the leading provider of exchange policy and compliance solutions which assist market data consumers, exchanges, and vendors ensure compliance and optimize their spend and revenue.
buyer parent: Polaris Partners
buyer: TRG Screen
TRG Screen is the leading provider of enterprise subscription management solutions. TRG is differentiated by its ability to monitor both spend and usage of data and information services including market data, research, software licenses, consulting and other corporate expenses. "
target: Axon Financial Systems
Northern Ireland-based Axon uses technology to streamline market data reporting and administration in the market data management industry. Axon products ease compliance for market data teams by helping them improve processes, reduce costs, and lower the risk of unwelcome audit findings.
price ($mm)
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EBITDA ($mm)
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closed 1/18/2018 via PR Newswire

The Roberts Group, acquired Screen Group

synopsis: TRG, (The Roberts Group) the leading provider of subscription spend management software solutions, announced it has acquired Screen Group, a world leading market data software company that assists business professionals in managing their market data costs, processes and workflows more efficiently.
buyer parent: Polaris Partners
buyer: The Roberts Group
The Roberts Group (TRG) provides spend management solutions enabling enterprises to gain total cost transparency and control of their entire universe of corporate subscriptions and vendor relationships. "
target: Screen Group
Screen Group is a world leading market data software company that assists financial services professionals in managing their market data costs, processes and workflows more efficiently. At the foundation of the company Screen built a unique Market Data and Investment Management consultancy practice.
price ($mm)
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closed 10/21/2016 via PR Newswire

The Roberts Group, acquired Priory Solutions

synopsis: The Roberts Group ("TRG"), the leading provider of subscription spend management software, announced it has acquired Priory Solutions ("Priory"). Priory provides software that helps enterprises manage access, streamline workflow, and track usage of their online research, data and information services.
buyer parent: Polaris Partners
buyer: The Roberts Group
The Roberts Group (TRG) provides spend management solutions enabling enterprises to gain total cost transparency and control of their entire universe of corporate subscriptions and vendor relationships. "
target: Priory Solutions
Since its establishment in 2003, Priory Solutions has become a respected provider of software solutions to the professional services market. They have created a suite of products to address specific challenges faced by corporate Information Services and Library departments.
price ($mm)
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EBITDA ($mm)
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closed 4/3/2014 via PE Hub

Polaris Venture Partners, acquired The Roberts Group

synopsis: Polaris Partners has invested in The Roberts Group. The Roberts Group, of New York, provides market data cost and inventory management solutions to the financial services industry. They are the developer of the Financial Information Tracking System, FITS, a market data inventory management solution available to the Financial Services Industry.
buyer: Polaris Venture Partners
Polaris Venture Partners is a group of investors and technology executives with a successful track record of investing in and partnering with early-stage entrepreneurs in both information and medical technology. "
target: The Roberts Group
The Roberts Group (TRG) is the developer of the Financial Information Tracking System, FITS, the most comprehensive market data inventory management solution available to the Financial Services Industry. TRG provides market data consulting services ranging from FITS Consulting to Systems Deployment.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/3/2014 via PE Hub

Polaris Venture Partners, acquired The Roberts Group

synopsis: Polaris Partners has invested in The Roberts Group. The Roberts Group, of New York, provides market data cost and inventory management solutions to the financial services industry. They are the developer of the Financial Information Tracking System, FITS, a market data inventory management solution available to the Financial Services Industry.
buyer: Polaris Venture Partners
Polaris Venture Partners is a group of investors and technology executives with a successful track record of investing in and partnering with early-stage entrepreneurs in both information and medical technology. "
target: The Roberts Group
The Roberts Group (TRG) is the developer of the Financial Information Tracking System, FITS, the most comprehensive market data inventory management solution available to the Financial Services Industry. TRG provides market data consulting services ranging from FITS Consulting to Systems Deployment.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/30/2016 via BNC Analysis

Hub24 Pty. Ltd., will acquire Agility Applications

synopsis: Fast growing listed financial services technology company HUB24 is poised to acquire Agility Applications. Agility is a specialist provider of application, data exchange and technology products to the financial services industry. It covers about 40 per cent of Australia's stockbroking market.
buyer: Hub24 Pty. Ltd. (ASX:HUB:$32.55)
HUB24's award-winning investment and superannuation platform offers a comprehensive range of investment options, including superior administration, transaction and reporting solutions, for individuals, companies, trusts, associations and self-managed super funds. "
target: Agility Applications
Agility is a specialist provider of application, data exchange and technology products to the financial services industry. It covers about 40 per cent of Australia's stockbroking market.
price ($mm)
$4.71
rev ($mm)
$6
EBITDA ($mm)
EV / rev
1.9x
EV / EBITDA
closed 4/30/2012 via BNC Analysis

ARTS ET BIENS, acquired Prenax Global

synopsis: The owners of Prenax Global AB have sold their shares in the company to ARTS ET BIENS, an investment firm based in France founded by the Lévy family.
buyer: ARTS ET BIENS
ARTS ET BIENS is an investment company focused on Private Equity investments, with around Euro 40 millions of assets under management. "
target: Prenax Global
The Prenax Group is a global business-to-business subscription management company. It offers Prenax Online, a Web-based administrative system for renewals, claims management, management reporting, product database, cost centre management, address changes, and communication with account manager.
price ($mm)
rev ($mm)
$102
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 10/4/2010 via PR Newswire

DST OutPut, acquired Capital Fulfillment Group Inc.

synopsis: DST Output, a leading provider of print and electronic output solutions, announced that it has purchased the assets of Capital Fulfillment Group, Inc. (CFG), a marketing and technology solutions company that specializes in the development and implementation of innovative marketing, fulfillment, and compliance automation services.
buyer parent: DST Systems, Inc.
buyer: DST OutPut
DST Output, LLC provides integrated print and electronic statement and billing output solutions to many of the country's largest financial services, communications, insurance, healthcare, and utilities companies. "
target: Capital Fulfillment Group Inc.
Capital Fulfillment Group is an industry-leading marketing and technology solutions company focusing exclusively on the financial services industry. CFGweb is CFG's fully integrated marketing and sales platform.
price ($mm)
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closed 5/10/2019 via BusinessWire

BlackRock, Inc., acquired eFront

synopsis: BlackRock, a global leader in investment management, risk management and advisory services for institutional & retail clients, has completed the acquisition of eFront, the world’s leading end-to-end alternative investment management software and solutions provider, from private equity firm Bridgepoint and eFront employees.
buyer: BlackRock, Inc. (BLK:$13,880.00)
BlackRock is a global leader in investment management, risk management and advisory services for institutional & retail clients. BlackRock helps clients meet their goals with a range of products that include separate accounts, mutual funds, exchange-traded funds, & other pooled investment vehicles. "
target parent: Bridgepoint
target: eFront
eFront, founded in 1999, is based in Paris and is the leading technology provider for managing the alternatives investment lifecycle, from due diligence and portfolio planning, to performance and risk analysis, across a range of alternative asset classes.
price ($mm)
$1,300
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/5/2017 via GlobeNewswire

SEI Investments, acquired Archway Technology Partners, LLC

synopsis: SEI, a global provider of investment processing, investment management, and investment operations solutions, has acquired Archway Technology Partners, a technology firm whose software solution supports the accounting, investment management and reporting functions for family offices, private banks, private wealth advisors and fund administrators.
buyer: SEI Investments (SEIC:$1,427.27)
SEI is a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. "
target: Archway Technology Partners, LLC
Archway Technology Partners is a technology firm whose software solution supports the accounting, investment management and reporting functions for family offices, private banks, and private wealth advisors. They help private wealth management firms better serve their ultra-high-net-worth clients.
price ($mm)
$80
rev ($mm)
$18
EBITDA ($mm)
$4
EV / rev
4.9x
EV / EBITDA
24.4x
closed 1/28/2015 via BNC Analysis

Bridgepoint, acquired eFront SA

synopsis: eFront, the leading software provider of financial solutions for managing alternative investments, has been acquired by European private equity investor Bridgepoint. Headquartered in France, eFront provides end-to-end solutions dedicated to the financial services industry, specialising in enterprise risk management and alternative investments.
buyer: Bridgepoint
Bridgepoint is one of the most experienced private equity investment firms based in Europe. With a clear, long-term focus on sectors where it can invest in robust middle market companies, it typically acquires businesses valued between €200 million and €1 billion. "
target parent: Francisco Partners Management LLC
target: eFront SA
eFront provides end-to-end solutions dedicated to the financial services industry, specialising in enterprise risk management and alternative investments. Its solutions serve some of the largest companies in the private equity, real estate investment, banking and insurance sectors.
price ($mm)
$327
rev ($mm)
$80
EBITDA ($mm)
$17
EV / rev
4.1x
EV / EBITDA
18.8x
closed 9/23/2011 via BusinessWire

Francisco Partners, acquired eFront SA

synopsis: EFR Holdings SAS, an acquisition vehicle controlled by funds affiliated with Francisco Partners, acquired a majority of the share capital and voting rights of eFront S.A., a business software solutions provider dedicated to the financial industry, listed on the Alternext Paris market of NYSE Euronext (ALEFT).
buyer: Francisco Partners
Francisco Partners is a leading global private equity firm with offices in San Francisco and London focused exclusively on investments in technology and technology-enabled services businesses. "
target: eFront SA
eFront is a software provider of solutions dedicated to the financial industry with recognized expertise in Alternative Investments and Risk Management. eFront’s solutions serve major companies in the Private Equity, Real-Estate Investment, Banking, and Insurance sectors.
price ($mm)[EV]
$42 [$28]*
rev ($mm)
$45
EBITDA ($mm)
$8
EV / rev
1.3x
EV / EBITDA
7.3x
closed 6/24/2020 via Company Press Release

Mitratech, Inc., acquired CMPG, LLC

synopsis: Mitratech, a leading provider of legal and compliance software, announced its acquisition of CMPG, LLC. Founded in 1998, CMPG is focused on providing software solutions for the financial services, healthcare, and insurance industries. 
buyer parent: TA Associates
buyer: Mitratech, Inc.
Mitratech is a proven global technology partner for corporate legal, risk, and compliance professionals, offering a proven portfolio of end-to-end solutions that spread operational best practices throughout the enterprise, standardizing processes, and accelerating time-to-value. "
target: CMPG, LLC
Founded in 1998, CMPG is focused on providing software solutions for the financial services, healthcare, and insurance industries. Its two main products are: VendorInsight®, an award-winning Vendor Risk Management (VRM) solution and Procipient, an enterprise risk management solution.
price ($mm)
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closed 11/30/2006 via BusinessWire

SciVantage, Inc., acquired Kenamea

synopsis: Scivantage, the premier provider of web-based, front- and middle-office brokerage products, has acquired Kenamea, the leading provider of notification management products to the brokerage industry.
buyer: SciVantage, Inc.
Scivantage is the premier provider of web-based, front- and middle-office brokerage products.Leveraging your existing back office, Scivantage’s easy and affordable platforms automate manual functions and integrate fundamental content into one fully customizable, straight-through-processed interface."
target: Kenamea
Kenamea is the leading provider of advanced web-based notification management solutions, serving the financial services industry. Kenamea provides next generation notification, business process workflow management and service-to-service communication solutions.
price ($mm)
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announced 9/13/2019 via PR Newswire

SS&C Advent, will acquire Investrack

synopsis: SS&C Technologies announced it has entered into a definitive agreement wherein SS&C Advent will acquire the Investrack business from UAE-based Globacom Technologies. Investrack is a suite of applications aimed at banks and financial institutions to build their customer engagement strategy.
buyer parent: SS&C Technologies, Inc.
buyer: SS&C Advent (ADVS:$403.28)
SS&C Advent is the leading provider of technology solutions and services for the investment management industry worldwide, including independent advisors, wealth and institutional asset managers, family offices, hedge funds, funds of funds, fund administrators, and private equity firms. "
target parent: Globacom Technologies
target: Investrack
Helpful predominantly in the investment and portfolio management function, Investrack presents an integrated and seamless solutions suite and prowess to empower banks and financial institutions to build their own customer engagement strategy.
price ($mm)
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closed 12/20/2018 via Company Press Release

Euronext N.V., acquired Commcise Software Limited

synopsis: Euronext, the leading pan-European exchange in the Eurozone, announces the acquisition of 78% of the capital of Commcise, a Software as a Service (“SaaS”) provider of award-winning research evaluation and commission management solutions for financial services firms, from its founders.
buyer: Euronext N.V. (ENXTPA:ENX:$721.90)
Euronext is the leading pan-European exchange in the Eurozone. Euronext operates regulated and transparent equity and derivatives markets. Its total product offering includes Equities, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. "
target: Commcise Software Limited
Commcise offers a cloud-based research commission management, evaluation and accounting solution built to meet the needs of asset managers, brokers and independent research providers. Commcise is the only vendor which combines research funding, consumption and accounting into a single platform.
price ($mm)
$34*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/21/2018 via BusinessWire

IHS Markit Ltd., acquired Ipreo Holdings LLC

synopsis: Ipreo, a leading financial services solutions and data provider, was acquired by IHS Markit, a world leader in critical information, analytics and solutions. IHS Markit is acquiring the business from private equity funds managed by Blackstone and by the Goldman Sachs Merchant Banking Division.
buyer: IHS Markit Ltd. (INFO:$4,449.00)
IHS Markit is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government. "
target parent: Blackstone Group LP
target: Ipreo Holdings LLC
Ipreo is a leading global provider of financial services technology, data and analytical services, supporting all participants in the capital-raising process, including sell-side professionals, finance officers at private and public companies, institutional investors, and asset managers.
price ($mm)
$1,855
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/13/2018 via Company Press Release

ESW Capital, LLC, acquired Firm58

synopsis: ESW Capital, LLC, announced that it has acquired Firm58, one of the most respected names in trading firm and broker dealer back-office automation solutions. Firm58 provides growth-conscious capital markets firms a suite of powerful, web-based automation technologies that improve post-trade processes and increase efficiency.
buyer: ESW Capital, LLC
Based in Austin, Texas, Enterprise Software (ESW) Capital has honed a finely-tuned methodology focused on buying, strengthening, and growing mature business software companies. ESW and its affiliated companies have been in the enterprise software space since 1988. "
target: Firm58
Firm58 simplifies trade operations for capital markets firms. Their web-based financial management software manages the processes associated with fees, commissions and payouts. They offer solutions for billing, profit/expense analysis, commission sharing arrangements and compliance & surveillance.
price ($mm)
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closed 3/30/2016 via BNC Analysis

Indus Net Technologies, acquired Influx ERP Solutions Pvt. Ltd.

synopsis: Kolkata-based Indus Net Technologies has acquired ERP solutions provider, InFlux ERP. InFlux ERP is an ERP system for enterprises engaged in the business of brokerage & distribution of financial products that include mutual funds, insurance (both life & non-life), stocks, derivatives, commodities, and consumer finance.
buyer: Indus Net Technologies
Indus Net Technologies is an innovative IT Service, managed Outsourcing & Internet strategy company, with a unique combination of Creativity and Technology. They help corporations and governments with Cloud/Web based custom application development, Mobility and Digital marketing services. "
target: Influx ERP Solutions Pvt. Ltd.
InFlux ERP is a 360 degree ERP solution that ensures business performance optimization and boosts ROI. It is an ERP system for enterprises engaged in the business of brokerage & distribution of financial products such as Mutual Funds, Insurance, Stocks, derivatives, Commodities and consumer finance.
price ($mm)
rev ($mm)
EBITDA ($mm)
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closed 1/12/2015 via GlobeNewswire

Diversified Global Graphics Group, acquired Digital Publishing Solutions, Inc.

synopsis: Diversified Global Graphics Group, a leading provider of global print, technology, and visual communication services, announced the acquisition of the assets of Digital Publishing Solutions, Inc. (DPSI). They are a leading provider of cloud based document management and automated publishing technology.
buyer parent: Arsenal Capital Partners
buyer: Diversified Global Graphics Group
Diversified Global Graphics Group provides visual communications solutions in strategic geographic markets including New York, London, Hong Kong, Tokyo, and more. It provides its graphic and interactive solutions to corporate, financial services, and pharmaceutical firms worldwide. "
target: Digital Publishing Solutions, Inc.
Founded in 2001, Digital Publishing Solutions, Inc. (DPSI) provides traditional document management, EDGAR filing and financial print services to leading mutual funds, financial institutions and public companies. They also provide DPSIDox a cloud-based document management technology platform.
price ($mm)
rev ($mm)
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closed 8/6/2014 via PE Hub

Blackstone Group LP, Goldman Sachs Merchant Banking, acquired Ipreo Holdings LLC

synopsis: Ipreo Holdings LLC, a leading global provider of market intelligence and workflow solutions to capital markets and corporate professionals, announced the completion of its acquisition by private equity funds managed by Blackstone and by the Goldman Sachs Merchant Banking Division.
buyer: Blackstone Group LP (BX:$1,913.85)
buyer: Goldman Sachs Merchant Banking
Blackstone is one of the world's leading investment and advisory firms. The Merchant Banking Division of Goldman Sachs is one of the leading private equity investors in the world, having invested and committed approximately $45 billion of equity capital in over 650 companies. "
target parent: Kohlberg Kravis Roberts & Co.
target: Ipreo Holdings LLC
Ipreo is a global leader in providing market intelligence, data, and technology solutions to all participants in the global capital markets, including sell-side banks, publicly traded companies, and buy-side institutions.
price ($mm)
$962*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/8/2011 via BusinessWire

Kohlberg Kravis Roberts & Co., acquired Ipreo Holdings LLC

synopsis: Kohlberg Kravis Roberts & Co L.P. (together with its affiliates, “KKR”) announced that KKR has completed the acquisition of Ipreo Holdings LLC. Ipreo is a leading provider of market intelligence, deal execution platforms, and investor communication tools to investment banks and corporations around the world.
buyer: Kohlberg Kravis Roberts & Co. (KKR:$698.58)
Founded in 1976 and led by Henry Kravis and George Roberts, KKR is a leading global investment firm with $61.9 billion in assets under management as of June 30, 2011. With offices around the world, KKR manages assets through a variety of investment funds and accounts covering multiple asset classes."
target parent: Veronis Suhler Stevenson
target: Ipreo Holdings LLC
Ipreo is a premier global provider of high quality data, market intelligence, and productivity solutions to investment banking and corporate clients. It is the only global provider of new issuance software solutions across the equity, fixed income, and municipal markets.
price ($mm)
$425
rev ($mm)
$130
EBITDA ($mm)
$35
EV / rev
3.3x
EV / EBITDA
12.1x
closed 7/15/2015 via Market Wire

Vestmark, Inc., acquired Advanced Objects

synopsis: Vestmark, a premier SaaS technology provider of comprehensive portfolio management and trading solutions, announced that it has acquired proposal generation and sales analytics technology from Advanced Objects, a Chicago-based provider of financial technology and consulting services.
buyer: Vestmark, Inc.
Vestmark is the premier technology provider for comprehensive unified wealth solutions utilized by financial advisors and institutions. Vestmark provides VestmarkONE®, the award-winning technology platform, to help clients gather more assets, increase operating efficiency, and minimize risk. "
target: Advanced Objects
Advanced Objects is a software development and technology consulting firm focused on enabling Asset Managers, Broker/Dealers and Financial Advisors to grow AUM by building deeper relationships with clients and prospects.
price ($mm)
rev ($mm)
EBITDA ($mm)
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EV / EBITDA
closed 7/1/2020 via BusinessWire

NetRoadshow, Inc., acquired DealSite Inc.

synopsis: NetRoadshow has acquired DealSite Inc., a technology company focused on the Capital Markets and M&A space, offering the first and leading digital working group list application. The acquisition aligns with NetRoadshow’s 23-year focus on providing secure and compliant productivity tools to the global investment banking community.
buyer: NetRoadshow, Inc.
NetRoadshow was the first company to receive permission from the SEC to host an electronic roadshow via the internet. The company's online roadshow offers operator-assisted conference call service, live video conferencing services, data room products, and secure document distribution systems. "
target: DealSite Inc.
DealSite is a technology company focused on the Capital Markets and M&A space, offering the first and leading digital working group list application. The company's enterprise web and mobile app is used by investment banks to help bankers serve their clients and do their jobs more effectively.
price ($mm)
rev ($mm)
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EV / rev
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closed 4/3/2014 via PE Hub

Polaris Venture Partners, acquired The Roberts Group

synopsis: Polaris Partners has invested in The Roberts Group. The Roberts Group, of New York, provides market data cost and inventory management solutions to the financial services industry. They are the developer of the Financial Information Tracking System, FITS, a market data inventory management solution available to the Financial Services Industry.
buyer: Polaris Venture Partners
Polaris Venture Partners is a group of investors and technology executives with a successful track record of investing in and partnering with early-stage entrepreneurs in both information and medical technology. "
target: The Roberts Group
The Roberts Group (TRG) is the developer of the Financial Information Tracking System, FITS, the most comprehensive market data inventory management solution available to the Financial Services Industry. TRG provides market data consulting services ranging from FITS Consulting to Systems Deployment.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/30/2016 via BNC Analysis

Hub24 Pty. Ltd., will acquire Agility Applications

synopsis: Fast growing listed financial services technology company HUB24 is poised to acquire Agility Applications. Agility is a specialist provider of application, data exchange and technology products to the financial services industry. It covers about 40 per cent of Australia's stockbroking market.
buyer: Hub24 Pty. Ltd. (ASX:HUB:$32.55)
HUB24's award-winning investment and superannuation platform offers a comprehensive range of investment options, including superior administration, transaction and reporting solutions, for individuals, companies, trusts, associations and self-managed super funds. "
target: Agility Applications
Agility is a specialist provider of application, data exchange and technology products to the financial services industry. It covers about 40 per cent of Australia's stockbroking market.
price ($mm)
$4.71
rev ($mm)
$6
EBITDA ($mm)
EV / rev
1.9x
EV / EBITDA
closed 4/30/2012 via BNC Analysis

ARTS ET BIENS, acquired Prenax Global

synopsis: The owners of Prenax Global AB have sold their shares in the company to ARTS ET BIENS, an investment firm based in France founded by the Lévy family.
buyer: ARTS ET BIENS
ARTS ET BIENS is an investment company focused on Private Equity investments, with around Euro 40 millions of assets under management. "
target: Prenax Global
The Prenax Group is a global business-to-business subscription management company. It offers Prenax Online, a Web-based administrative system for renewals, claims management, management reporting, product database, cost centre management, address changes, and communication with account manager.
price ($mm)
rev ($mm)
$102
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 10/4/2010 via PR Newswire

DST OutPut, acquired Capital Fulfillment Group Inc.

synopsis: DST Output, a leading provider of print and electronic output solutions, announced that it has purchased the assets of Capital Fulfillment Group, Inc. (CFG), a marketing and technology solutions company that specializes in the development and implementation of innovative marketing, fulfillment, and compliance automation services.
buyer parent: DST Systems, Inc.
buyer: DST OutPut
DST Output, LLC provides integrated print and electronic statement and billing output solutions to many of the country's largest financial services, communications, insurance, healthcare, and utilities companies. "
target: Capital Fulfillment Group Inc.
Capital Fulfillment Group is an industry-leading marketing and technology solutions company focusing exclusively on the financial services industry. CFGweb is CFG's fully integrated marketing and sales platform.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/10/2019 via BusinessWire

BlackRock, Inc., acquired eFront

synopsis: BlackRock, a global leader in investment management, risk management and advisory services for institutional & retail clients, has completed the acquisition of eFront, the world’s leading end-to-end alternative investment management software and solutions provider, from private equity firm Bridgepoint and eFront employees.
buyer: BlackRock, Inc. (BLK:$13,880.00)
BlackRock is a global leader in investment management, risk management and advisory services for institutional & retail clients. BlackRock helps clients meet their goals with a range of products that include separate accounts, mutual funds, exchange-traded funds, & other pooled investment vehicles. "
target parent: Bridgepoint
target: eFront
eFront, founded in 1999, is based in Paris and is the leading technology provider for managing the alternatives investment lifecycle, from due diligence and portfolio planning, to performance and risk analysis, across a range of alternative asset classes.
price ($mm)
$1,300
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/5/2017 via GlobeNewswire

SEI Investments, acquired Archway Technology Partners, LLC

synopsis: SEI, a global provider of investment processing, investment management, and investment operations solutions, has acquired Archway Technology Partners, a technology firm whose software solution supports the accounting, investment management and reporting functions for family offices, private banks, private wealth advisors and fund administrators.
buyer: SEI Investments (SEIC:$1,427.27)
SEI is a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. "
target: Archway Technology Partners, LLC
Archway Technology Partners is a technology firm whose software solution supports the accounting, investment management and reporting functions for family offices, private banks, and private wealth advisors. They help private wealth management firms better serve their ultra-high-net-worth clients.
price ($mm)
$80
rev ($mm)
$18
EBITDA ($mm)
$4
EV / rev
4.9x
EV / EBITDA
24.4x
closed 1/28/2015 via BNC Analysis

Bridgepoint, acquired eFront SA

synopsis: eFront, the leading software provider of financial solutions for managing alternative investments, has been acquired by European private equity investor Bridgepoint. Headquartered in France, eFront provides end-to-end solutions dedicated to the financial services industry, specialising in enterprise risk management and alternative investments.
buyer: Bridgepoint
Bridgepoint is one of the most experienced private equity investment firms based in Europe. With a clear, long-term focus on sectors where it can invest in robust middle market companies, it typically acquires businesses valued between €200 million and €1 billion. "
target parent: Francisco Partners Management LLC
target: eFront SA
eFront provides end-to-end solutions dedicated to the financial services industry, specialising in enterprise risk management and alternative investments. Its solutions serve some of the largest companies in the private equity, real estate investment, banking and insurance sectors.
price ($mm)
$327
rev ($mm)
$80
EBITDA ($mm)
$17
EV / rev
4.1x
EV / EBITDA
18.8x
closed 9/23/2011 via BusinessWire

Francisco Partners, acquired eFront SA

synopsis: EFR Holdings SAS, an acquisition vehicle controlled by funds affiliated with Francisco Partners, acquired a majority of the share capital and voting rights of eFront S.A., a business software solutions provider dedicated to the financial industry, listed on the Alternext Paris market of NYSE Euronext (ALEFT).
buyer: Francisco Partners
Francisco Partners is a leading global private equity firm with offices in San Francisco and London focused exclusively on investments in technology and technology-enabled services businesses. "
target: eFront SA
eFront is a software provider of solutions dedicated to the financial industry with recognized expertise in Alternative Investments and Risk Management. eFront’s solutions serve major companies in the Private Equity, Real-Estate Investment, Banking, and Insurance sectors.
price ($mm)[EV]
$42 [$28]*
rev ($mm)
$45
EBITDA ($mm)
$8
EV / rev
1.3x
EV / EBITDA
7.3x
closed 6/24/2020 via Company Press Release

Mitratech, Inc., acquired CMPG, LLC

synopsis: Mitratech, a leading provider of legal and compliance software, announced its acquisition of CMPG, LLC. Founded in 1998, CMPG is focused on providing software solutions for the financial services, healthcare, and insurance industries. 
buyer parent: TA Associates
buyer: Mitratech, Inc.
Mitratech is a proven global technology partner for corporate legal, risk, and compliance professionals, offering a proven portfolio of end-to-end solutions that spread operational best practices throughout the enterprise, standardizing processes, and accelerating time-to-value. "
target: CMPG, LLC
Founded in 1998, CMPG is focused on providing software solutions for the financial services, healthcare, and insurance industries. Its two main products are: VendorInsight®, an award-winning Vendor Risk Management (VRM) solution and Procipient, an enterprise risk management solution.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/30/2006 via BusinessWire

SciVantage, Inc., acquired Kenamea

synopsis: Scivantage, the premier provider of web-based, front- and middle-office brokerage products, has acquired Kenamea, the leading provider of notification management products to the brokerage industry.
buyer: SciVantage, Inc.
Scivantage is the premier provider of web-based, front- and middle-office brokerage products.Leveraging your existing back office, Scivantage’s easy and affordable platforms automate manual functions and integrate fundamental content into one fully customizable, straight-through-processed interface."
target: Kenamea
Kenamea is the leading provider of advanced web-based notification management solutions, serving the financial services industry. Kenamea provides next generation notification, business process workflow management and service-to-service communication solutions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/13/2019 via PR Newswire

SS&C Advent, will acquire Investrack

synopsis: SS&C Technologies announced it has entered into a definitive agreement wherein SS&C Advent will acquire the Investrack business from UAE-based Globacom Technologies. Investrack is a suite of applications aimed at banks and financial institutions to build their customer engagement strategy.
buyer parent: SS&C Technologies, Inc.
buyer: SS&C Advent (ADVS:$403.28)
SS&C Advent is the leading provider of technology solutions and services for the investment management industry worldwide, including independent advisors, wealth and institutional asset managers, family offices, hedge funds, funds of funds, fund administrators, and private equity firms. "
target parent: Globacom Technologies
target: Investrack
Helpful predominantly in the investment and portfolio management function, Investrack presents an integrated and seamless solutions suite and prowess to empower banks and financial institutions to build their own customer engagement strategy.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/20/2018 via Company Press Release

Euronext N.V., acquired Commcise Software Limited

synopsis: Euronext, the leading pan-European exchange in the Eurozone, announces the acquisition of 78% of the capital of Commcise, a Software as a Service (“SaaS”) provider of award-winning research evaluation and commission management solutions for financial services firms, from its founders.
buyer: Euronext N.V. (ENXTPA:ENX:$721.90)
Euronext is the leading pan-European exchange in the Eurozone. Euronext operates regulated and transparent equity and derivatives markets. Its total product offering includes Equities, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. "
target: Commcise Software Limited
Commcise offers a cloud-based research commission management, evaluation and accounting solution built to meet the needs of asset managers, brokers and independent research providers. Commcise is the only vendor which combines research funding, consumption and accounting into a single platform.
price ($mm)
$34*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/21/2018 via BusinessWire

IHS Markit Ltd., acquired Ipreo Holdings LLC

synopsis: Ipreo, a leading financial services solutions and data provider, was acquired by IHS Markit, a world leader in critical information, analytics and solutions. IHS Markit is acquiring the business from private equity funds managed by Blackstone and by the Goldman Sachs Merchant Banking Division.
buyer: IHS Markit Ltd. (INFO:$4,449.00)
IHS Markit is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government. "
target parent: Blackstone Group LP
target: Ipreo Holdings LLC
Ipreo is a leading global provider of financial services technology, data and analytical services, supporting all participants in the capital-raising process, including sell-side professionals, finance officers at private and public companies, institutional investors, and asset managers.
price ($mm)
$1,855
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/13/2018 via Company Press Release

ESW Capital, LLC, acquired Firm58

synopsis: ESW Capital, LLC, announced that it has acquired Firm58, one of the most respected names in trading firm and broker dealer back-office automation solutions. Firm58 provides growth-conscious capital markets firms a suite of powerful, web-based automation technologies that improve post-trade processes and increase efficiency.
buyer: ESW Capital, LLC
Based in Austin, Texas, Enterprise Software (ESW) Capital has honed a finely-tuned methodology focused on buying, strengthening, and growing mature business software companies. ESW and its affiliated companies have been in the enterprise software space since 1988. "
target: Firm58
Firm58 simplifies trade operations for capital markets firms. Their web-based financial management software manages the processes associated with fees, commissions and payouts. They offer solutions for billing, profit/expense analysis, commission sharing arrangements and compliance & surveillance.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/30/2016 via BNC Analysis

Indus Net Technologies, acquired Influx ERP Solutions Pvt. Ltd.

synopsis: Kolkata-based Indus Net Technologies has acquired ERP solutions provider, InFlux ERP. InFlux ERP is an ERP system for enterprises engaged in the business of brokerage & distribution of financial products that include mutual funds, insurance (both life & non-life), stocks, derivatives, commodities, and consumer finance.
buyer: Indus Net Technologies
Indus Net Technologies is an innovative IT Service, managed Outsourcing & Internet strategy company, with a unique combination of Creativity and Technology. They help corporations and governments with Cloud/Web based custom application development, Mobility and Digital marketing services. "
target: Influx ERP Solutions Pvt. Ltd.
InFlux ERP is a 360 degree ERP solution that ensures business performance optimization and boosts ROI. It is an ERP system for enterprises engaged in the business of brokerage & distribution of financial products such as Mutual Funds, Insurance, Stocks, derivatives, Commodities and consumer finance.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/12/2015 via GlobeNewswire

Diversified Global Graphics Group, acquired Digital Publishing Solutions, Inc.

synopsis: Diversified Global Graphics Group, a leading provider of global print, technology, and visual communication services, announced the acquisition of the assets of Digital Publishing Solutions, Inc. (DPSI). They are a leading provider of cloud based document management and automated publishing technology.
buyer parent: Arsenal Capital Partners
buyer: Diversified Global Graphics Group
Diversified Global Graphics Group provides visual communications solutions in strategic geographic markets including New York, London, Hong Kong, Tokyo, and more. It provides its graphic and interactive solutions to corporate, financial services, and pharmaceutical firms worldwide. "
target: Digital Publishing Solutions, Inc.
Founded in 2001, Digital Publishing Solutions, Inc. (DPSI) provides traditional document management, EDGAR filing and financial print services to leading mutual funds, financial institutions and public companies. They also provide DPSIDox a cloud-based document management technology platform.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/6/2014 via PE Hub

Blackstone Group LP, Goldman Sachs Merchant Banking, acquired Ipreo Holdings LLC

synopsis: Ipreo Holdings LLC, a leading global provider of market intelligence and workflow solutions to capital markets and corporate professionals, announced the completion of its acquisition by private equity funds managed by Blackstone and by the Goldman Sachs Merchant Banking Division.
buyer: Blackstone Group LP (BX:$1,913.85)
buyer: Goldman Sachs Merchant Banking
Blackstone is one of the world's leading investment and advisory firms. The Merchant Banking Division of Goldman Sachs is one of the leading private equity investors in the world, having invested and committed approximately $45 billion of equity capital in over 650 companies. "
target parent: Kohlberg Kravis Roberts & Co.
target: Ipreo Holdings LLC
Ipreo is a global leader in providing market intelligence, data, and technology solutions to all participants in the global capital markets, including sell-side banks, publicly traded companies, and buy-side institutions.
price ($mm)
$962*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/8/2011 via BusinessWire

Kohlberg Kravis Roberts & Co., acquired Ipreo Holdings LLC

synopsis: Kohlberg Kravis Roberts & Co L.P. (together with its affiliates, “KKR”) announced that KKR has completed the acquisition of Ipreo Holdings LLC. Ipreo is a leading provider of market intelligence, deal execution platforms, and investor communication tools to investment banks and corporations around the world.
buyer: Kohlberg Kravis Roberts & Co. (KKR:$698.58)
Founded in 1976 and led by Henry Kravis and George Roberts, KKR is a leading global investment firm with $61.9 billion in assets under management as of June 30, 2011. With offices around the world, KKR manages assets through a variety of investment funds and accounts covering multiple asset classes."
target parent: Veronis Suhler Stevenson
target: Ipreo Holdings LLC
Ipreo is a premier global provider of high quality data, market intelligence, and productivity solutions to investment banking and corporate clients. It is the only global provider of new issuance software solutions across the equity, fixed income, and municipal markets.
price ($mm)
$425
rev ($mm)
$130
EBITDA ($mm)
$35
EV / rev
3.3x
EV / EBITDA
12.1x
closed 7/15/2015 via Market Wire

Vestmark, Inc., acquired Advanced Objects

synopsis: Vestmark, a premier SaaS technology provider of comprehensive portfolio management and trading solutions, announced that it has acquired proposal generation and sales analytics technology from Advanced Objects, a Chicago-based provider of financial technology and consulting services.
buyer: Vestmark, Inc.
Vestmark is the premier technology provider for comprehensive unified wealth solutions utilized by financial advisors and institutions. Vestmark provides VestmarkONE®, the award-winning technology platform, to help clients gather more assets, increase operating efficiency, and minimize risk. "
target: Advanced Objects
Advanced Objects is a software development and technology consulting firm focused on enabling Asset Managers, Broker/Dealers and Financial Advisors to grow AUM by building deeper relationships with clients and prospects.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/1/2020 via BusinessWire

NetRoadshow, Inc., acquired DealSite Inc.

synopsis: NetRoadshow has acquired DealSite Inc., a technology company focused on the Capital Markets and M&A space, offering the first and leading digital working group list application. The acquisition aligns with NetRoadshow’s 23-year focus on providing secure and compliant productivity tools to the global investment banking community.
buyer: NetRoadshow, Inc.
NetRoadshow was the first company to receive permission from the SEC to host an electronic roadshow via the internet. The company's online roadshow offers operator-assisted conference call service, live video conferencing services, data room products, and secure document distribution systems. "
target: DealSite Inc.
DealSite is a technology company focused on the Capital Markets and M&A space, offering the first and leading digital working group list application. The company's enterprise web and mobile app is used by investment banks to help bankers serve their clients and do their jobs more effectively.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

By The Roberts Group


read more

Market Data Insights LLC

Axon Financial Systems

Screen Group

Priory Solutions

The Roberts Group

read more

The Roberts Group

Agility Applications

Prenax Global

Capital Fulfillment Group Inc.

eFront

Archway Technology Partners, LLC

eFront SA

eFront SA

CMPG, LLC

Kenamea

Investrack

Commcise Software Limited

Ipreo Holdings LLC

Firm58

Influx ERP Solutions Pvt. Ltd.

Digital Publishing Solutions, Inc.

Ipreo Holdings LLC

Ipreo Holdings LLC

Advanced Objects

DealSite Inc.

read more

The Roberts Group

Agility Applications

Prenax Global

Capital Fulfillment Group Inc.

eFront

Archway Technology Partners, LLC

eFront SA

eFront SA

CMPG, LLC

Kenamea

Investrack

Commcise Software Limited

Ipreo Holdings LLC

Firm58

Influx ERP Solutions Pvt. Ltd.

Digital Publishing Solutions, Inc.

Ipreo Holdings LLC

Ipreo Holdings LLC

Advanced Objects

DealSite Inc.

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