Like Artena

closed 10/10/2014 via Company Press Release

Actuera, acquired Artena

See 147 Comparable Transactions
synopsis: Keylane’s subsidiary Actuera - supplier of the Maia product suite for pension funds, insurance companies and third party administrators - has acquired a 100% interest in Artena, supplier of FinCircle a standard software solution for pension communication and back office administration.
buyer parent: KeyLane B.V.
buyer: Actuera
Actuera is the Dutch market leader for applications in pension and group life insurance policy administration. Their cornerstone product, Maia, consists of standard software applications for front-, mid-, and back offices for pension and life insurance policy administrators. "
 target: Artena
Artena is a provider of consultancy & software for pension services, insurers and banks. Their specialties include Full SAAS solution for pension management, FinCircle pension communication software, Risk & Compliance, Risk services, IT & operational audit services, Business Intelligence, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/18/2019 via Company Press Release

Sinqia, acquired Stock & Info Ltda.

See 47 Comparable Transactions
synopsis: Sinqia hereby announces the acquisition of the entire shares of Stock & Info Ltda., a provider of software for the pension fund segment. Stock & Info provides supplementary pension management solutions for the largest class-based pension funds, corporate pension funds and closed-ended supplementary pension liability management companies.
buyer: Sinqia (SNSL3:$34.43)
Founded in 1996, Sinqia is a leader in the development of software and technology services for the financial sector in Brazil. They operate in four business units: Software, Projects, Outsourcing, and Consulting. "
 target: Stock & Info Ltda.
Stock & Info Ltda. is a provider of software for the pension fund segment. Stock & Info provides supplementary pension management solutions for the largest class-based pension funds, corporate pension funds and closed-ended supplementary pension liability management companies.
price ($mm)
$1.07
rev ($mm)
$1
EBITDA ($mm)
EV / rev
1.4x
EV / EBITDA
closed 1/23/2019 via BNC Analysis

Sinqia, acquired Atena Tecnologia Ltda.

See 47 Comparable Transactions
synopsis: Senior Solution, now called Sinqia, announced the purchase of all shares of Atena Tecnologia, a software company for the segment of private pension entities. Created in 1997, Atena is formed by the companies Atena Tecnologia and Atena Gestão de Previdência. Atena is based in Salvador, Brazil.
buyer: Sinqia (SNSL3:$34.43)
Founded in 1996, Sinqia is a leader in the development of software and technology services for the financial sector in Brazil. They operate in four business units: Software, Projects, Outsourcing, and Consulting. "
 target: Atena Tecnologia Ltda.
Created in 1997, Atena is formed by the companies Atena Tecnologia and Atena Gestão de Previdência. Atena is a software provider for the segment of private pension entities. Atena is based in Salvador, Brazil.
price ($mm)
$2.39
rev ($mm)
$2
EBITDA ($mm)
EV / rev
1.5x
EV / EBITDA
closed 10/1/2014 via Company Press Release

Via Venture Partners A/S, acquired Profit Software Oy

See 111 Comparable Transactions
synopsis: Via Venture Partners, a leading Nordic multi-stage private equity firm, has acquired Profit Software Ltd. The company offers a suite of web-based software products that allow insurers, banks and financing companies to create and provide life and pension insurance services, as well as long-term savings agreements.
buyer: Via Venture Partners A/S
Via Venture Partners A/S is a private equity and venture capital firm specializing in seed stage, early stage, mid, late venture, expansion stage, growth capital financings, revenue stage, leveraged buyouts, PIPES, and turnaround of middle market companies. "
 target: Profit Software Oy
Profit Software offers a suite of web-based software products that allow insurers, banks and financing companies to create and provide life and pension insurance services, as well as long-term savings agreements.
price ($mm)
rev ($mm)
$13
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 5/2/2012 via BusinessWire

iPipeline, Inc., acquired Assureweb

See 84 Comparable Transactions
synopsis: iPipeline®, the leader in on-demand marketing, selling and processing solutions for the nation’s top insurance carriers, distributors and producers, announced the acquisition of Assureweb®, a leading UK-based provider of SaaS-based electronic quote and application services to the Life, Pensions and Mortgage marketplace.
buyer: iPipeline, Inc.
iPipeline's channel solutions for carriers, distributors, and producers automate activities for quoting, forms processing, illustrations development, requirements ordering, contracting, and content distribution, enabling the insurance industry to market, sell, and process faster. "
 target: Assureweb
Assureweb is a leading provider of electronic quote and application services to the UK life and pensions market. In addition to their portal at www.assureweb.co.uk, Assureweb offers a range of licensed solutions -- Assureweb Services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/25/2012 via Company Press Release

Waterland Private Equity Investments, acquired Actuera

See 76 Comparable Transactions
synopsis: Main Capital Partners has its majority stake in Actuera, leading provider of policy administration systems, sold to Waterland Private Equity Investments. Actuera, based in Rotterdam, has developed into a leader in the field of complete software solutions for insurance companies, pension funds and pension providers in the Netherlands.
buyer: Waterland Private Equity Investments
Waterland is an independent private equity investment group that supports entrepreneurs in realizing their growth ambitions. With substantial financial resources and committed industry expertise, Waterland enables its portfolio companies to achieve accelerated growth. "
 target parent: Main Capital Partners BV
target: Actuera
Actuera is the Dutch market leader for applications in pension and group life insurance policy administration. Their cornerstone product, Maia, consists of standard software applications for front-, mid-, and back offices for pension and life insurance policy administrators.
price ($mm)
rev ($mm)
$19
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 6/3/2009 via BNC Analysis

Chambers Townsend Consultancy Ltd., acquired Chambers Townsend Consultancy Ltd.

See 83 Comparable Transactions
synopsis: Alexander Forbes International has sold its life and pension administration software arm, Chambers Townsend Consultancy, to its management in a bid to focus on core business activities.
buyer: Chambers Townsend Consultancy Ltd.
Chambers Townsend Consultancy Ltd. provides Web based administration and calculation software for financial services market. "
 target parent: Alexander Forbes Limited
target: Chambers Townsend Consultancy Ltd.
Chambers Townsend Consultancy Ltd. provides Web based administration and calculation software for financial services market.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/18/2020 via BNC Analysis

IRESS Market Technology Limited, acquired O&M Life & Pensions Limited

See 34 Comparable Transactions
synopsis: Back office provider Iress has acquired fellow adviser software firm O&M Systems. Iress, best known for its Xplan system, will directly integrate O&M’s pension and investment data and comparison tools for financial advisers into its offering. O&M has been heavily involved in the pensions industry for nearly two decades.
buyer: IRESS Market Technology Limited (ASX:IRE:$292.95)
IRESS designs, develops and delivers technology for the financial services industry, including for trading and market data, investment management and financial advice. More than 450 third-party enterprises have integrated IRESS technology into their own software. "
 target: O&M Life & Pensions Limited
O&M Systems provide ground breaking software and services for the UK Financial Services Industry. O&M has been heavily involved in the pensions industry for nearly two decades. Since 1992 the company has been providing and continually developing solutions to reduce any pension adviser's workload.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/16/2020 via Company Press Release

Perseus Group, acquired Selectapension

See 478 Comparable Transactions
synopsis: Perseus Group, an operating group of Constellation Software that acquires software companies, has acquired Selectapension, a UK-based provider of pension and investment planning software. Selectapension makes it easier to complete comprehensive analyses and compare products, enabling financial planners to deliver the best advice to their clients.
buyer parent: Constellation Software, Inc.
buyer: Perseus Group
The Perseus Group is an operating group of Constellation Software Inc. Perseus acquires and invests in software businesses that are committed to providing long-term solutions and life-long partnerships to customers. "
 target: Selectapension
Selectapension is a UK-based provider of pension and investment planning software for financial advisers. Selectapension’s software makes it easier to complete comprehensive analyses, and compare products and providers, enabling financial planners to deliver the best advice to their clients.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/6/2010 via Company Press Release

Zywave, Inc, acquired Specific Software Solutions, LLC

See 82 Comparable Transactions
synopsis: Zywave, Inc., a leading provider of SaaS enterprise solutions for insurance brokerages, has announced that it has acquired Specific Software Solutions, a leading provider of workers’ compensation software. This acquisition brings together two industry pioneers in the insurance brokerage software space.
buyer parent: Vista Equity Partners
buyer: Zywave, Inc
Zywave is a pioneer in developing industry-leading employee benefits and property & casualty insurance software solutions for brokers and their clients. "
 target: Specific Software Solutions, LLC
Specific Software Solutions, LLC provides software tools and actuarial services for risk management and insurance professionals. The company offers ModMaster, a software solution for computing, analyzing, and presenting worker's compensation modification factors.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/5/2017 via BusinessWire

Kronos Incorporated, acquired Financial Management Solutions, Inc.

See 55 Comparable Transactions
synopsis: Kronos Incorporated announced that it has acquired Financial Management Solutions, a leading provider of workforce management & analytics applications for the credit union & retail banking industry. This acquisition deepens Kronos’ expertise within the credit union and retail banking segment, complementing Krono's human capital management strength.
buyer parent: Hellman & Friedman LLC
buyer: Kronos Incorporated
Founded in 1977, Kronos is a leading provider of workforce management and human capital management cloud solutions. Their industry-centric workforce applications are purpose-built for businesses, healthcare providers, educational institutions, & government agencies of all sizes. "
 target: Financial Management Solutions, Inc.
Financial Management Solutions offers technology solutions that help drive productivity, sales, & service performance for credit unions & retail banks. Their product line, Omnix, is a Software-as-a-Service suite of applications such as staff scheduling, performance analytics, lobby tracking, & more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/18/2017 via GlobeNewswire

National General Holdings Corp., will purchase Quotit and HealthCompare from The Word & Brown Companies

See 137 Comparable Transactions
synopsis: National General Holdings Corp. announced that it has agreed to acquire Quotit, an application service provider for the health insurance and employee benefits industry, and HealthCompare, a call center operation as well as a consumer facing website that connects individuals with medical or Medicare related coverage, from The Word & Brown Companies.
buyer: National General Holdings Corp. (NGHC:$4,723.38)
National General Holdings Corp., headquartered in New York City, is a specialty personal lines insurance holding company. National General traces its roots to 1939, has a financial strength rating of A- (excellent) from A.M. Best. "
 seller: The Word & Brown Companies
Quotit is an application service provider for the health insurance & employee benefits industry that connects companies, brokers & people with insurance online. HealthCompare is a call center operation & consumer facing website that connects consumers with major medical or Medicare related coverage.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/29/2008 via BusinessWire

Word & Brown Insurance Administrators, Inc., acquired Quotit Corporation

See 101 Comparable Transactions
synopsis: Quotit Corporation was acquired by The Word & Brown Companies, the nation’s leading expert in individual and group health benefits distribution and administration. Quotit is the fourth and most recent company in The Word & Brown Companies’ portfolio, which includes multiple U.S.-based divisions centered in the health insurance services industry.
buyer: Word & Brown Insurance Administrators, Inc.
The Word & Brown Companies is a privately-held company headquartered in Orange, Calif., that provides services to nearly 55,000 employers covering more than 6 million people across the nation. "
 target: Quotit Corporation
Quotit is an Internet application service provider for the health insurance and employee benefits industry. Quotit’s Internet software enables insurance organizations to increase productivity by directly connecting insurance companies, brokers and consumers with insurance rates and benefits online.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/15/2018 via GlobeNewswire

Zywave, Inc, acquired Code SixFour

See 35 Comparable Transactions
synopsis: Zywave, Inc., a leading provider of SaaS solutions for the insurance industry, announced that it has completed the acquisition of Code SixFour, a leading provider of proposal automation and advanced predictive analytics for employee benefits advisors.
buyer parent: Aurora Capital Group
buyer: Zywave, Inc
Zywave is a leading provider of software-as-a-service (SaaS) technology solutions for the insurance industry. The company’s products include web-enabled marketing communications, business intelligence and analytics, client resource portals and agency management tools. "
 target: Code SixFour
Code SixFour is a leading provider of proposal automation and advanced predictive analytics for employee benefits advisors. Code SixFour was created to help employee benefit brokers standardize their process of creating proposals, while presenting insurance solutions based on data-driven content.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/11/2021 via PR Newswire

AF Group, acquired Decision UR

See 166 Comparable Transactions
synopsis: AF Group has announced its acquisition of DecisionUR, a cloud-based solution that uses state mandated, evidence-based medical guidelines to automate initial treatment reviews and streamline the workers' compensation claim review process.
buyer: AF Group
AF Group (Lansing, Mich.) and its subsidiaries are a premier provider of innovative insurance solutions. "
 target: Decision UR
DecisionUR is a cloud-based solution that uses state mandated, evidence-based medical guidelines to automate initial treatment reviews and streamline the workers' compensation claim review process.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/6/2015 via PR Newswire

Patriot National Insurance Group, acquired Decision UR

See 164 Comparable Transactions
synopsis: Patriot National, Inc. announced the acquisition of DecisionUR, a software company offering sophisticated and effective utilization review solutions in the workers' compensation industry. DecisionUR's software provides a cost-efficient way to conduct workers' compensation utilization reviews.
buyer: Patriot National Insurance Group (PN:$233.03)
Patriot National is a national provider of comprehensive outsourcing solutions within the workers' compensation marketplace for insurance companies, employers, local governments and reinsurance captives. "
 target: Decision UR
DecisionUR is a software company offering sophisticated and effective utilization review solutions in the workers' compensation industry. DecisionUR's software provides a cost-efficient way to conduct workers' compensation utilization reviews.
price ($mm)
$2.20*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/5/2020 via GlobeNewswire

Meridianlink, Inc., acquired TCI DecisionLender

See 299 Comparable Transactions
synopsis: MeridianLink®, a leading provider of enterprise business solutions for financial service organizations, announced the acquisition of Teledata Communications, Inc. (TCI). TCI is the creator of DecisionLender, a SaaS loan origination solution (LOS) that was first released in 1998.
buyer parent: Thoma Bravo, LLC
buyer: Meridianlink, Inc.
MeridianLink, Inc., developer of the industry’s first and leading multi-channel account opening and loan origination platform, has been a trusted provider of financial enterprise business solutions since 1998. "
 target: TCI DecisionLender
Teledata Communications, Inc (TCI) is the provider of DecisionLender 4, a complete consumer loan origination platform (LOS). DecisionLender 4 is completely configurable, hosted in the cloud, and supports branch, online lending, indirect auto and merchant lending, and deposit account opening.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/31/2020 via PR Newswire

Ncontracts, acquired Banc Intranets

See 45 Comparable Transactions
synopsis: Ncontracts, the leading provider of integrated risk management solutions for the financial industry, has acquired Banc Intranets, a provider of secure, web-based enterprise content management solutions. The acquisition further extends Ncontracs' ability to provide comprehensive solutions to its customers around the country.
buyer parent: Gryphon Investors
buyer: Ncontracts
Ncontracts provides integrated risk management and compliance software. The company's powerful combination of software and services enables financial institutions to achieve their risk management and compliance goals with an integrated, user-friendly cloud-based solution suite. "
 target: Banc Intranets
Banc Intranets is a leading provider of secure, web-based enterprise content management solutions for financial institutions. Its technology provides a single point of access across multiple devices for information and centralizes employee onboarding and training.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/13/2016 via BusinessWire

Insurity, Inc, acquired Tropics Software Technologies

See 143 Comparable Transactions
synopsis: Insurity, Inc., a provider of core insurance processing and data integration and analytics solutions, announced its acquisition of Tropics Software Technologies, Inc. Tropics is an insurance software firm that focuses on the workers’ compensation market for mono-line carriers and state and self-insured funds.
buyer: Insurity, Inc
Insurity, Inc. enables property & casualty insurers to modernize their enterprise and achieve their business goals. Insurity’s core processing applications and data integration and analysis solutions are backed by rich insurance expertise. "
 target: Tropics Software Technologies
Tropics Software Technologies is a national software company specializing in workers’ compensation systems. Tropics provides an integrated, web-based suite of policy, claims and billing systems, which can be configured for any type of workers’ compensation insurance organization.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/20/2015 via PR Newswire

Patriot Technology Solutions, acquired Vikaran Solutions, LLC

See 136 Comparable Transactions
synopsis: Patriot National, Inc, a national provider of outsourcing solutions to the insurance industry, has acquired Vikaran Solutions, LLC, a Chicago-based technology company that provides software and services to the property and casualty industry. Vikaran will become part of the company's technology subsidiary, Patriot Technology Solutions.
buyer parent: Patriot National Insurance Group
buyer: Patriot Technology Solutions
Patriot National is a national provider of comprehensive outsourcing solutions within the workers' compensation marketplace for insurance companies, employers, local governments and reinsurance captives. "
 target: Vikaran Solutions, LLC
Vikaran Solutions LLC provides superior technology solutions for Commercial and Workers Compensation insurance lines. Vikaran’s solutions are offered as stand-alone modules or as a fully integrated, comprehensive insurance software suite.
price ($mm)
$8.50
rev ($mm)
EBITDA ($mm)
$0
EV / rev
EV / EBITDA
26.4x
Pages:  
closed 10/10/2014 via Company Press Release

Actuera, acquired Artena

See 147 Comparable Transactions
synopsis: Keylane’s subsidiary Actuera - supplier of the Maia product suite for pension funds, insurance companies and third party administrators - has acquired a 100% interest in Artena, supplier of FinCircle a standard software solution for pension communication and back office administration.
buyer parent: KeyLane B.V.
buyer: Actuera
Actuera is the Dutch market leader for applications in pension and group life insurance policy administration. Their cornerstone product, Maia, consists of standard software applications for front-, mid-, and back offices for pension and life insurance policy administrators. "
 target: Artena
Artena is a provider of consultancy & software for pension services, insurers and banks. Their specialties include Full SAAS solution for pension management, FinCircle pension communication software, Risk & Compliance, Risk services, IT & operational audit services, Business Intelligence, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/10/2014 via Company Press Release

Actuera, acquired Artena

See 147 Comparable Transactions
synopsis: Keylane’s subsidiary Actuera - supplier of the Maia product suite for pension funds, insurance companies and third party administrators - has acquired a 100% interest in Artena, supplier of FinCircle a standard software solution for pension communication and back office administration.
buyer parent: KeyLane B.V.
buyer: Actuera
Actuera is the Dutch market leader for applications in pension and group life insurance policy administration. Their cornerstone product, Maia, consists of standard software applications for front-, mid-, and back offices for pension and life insurance policy administrators. "
 target: Artena
Artena is a provider of consultancy & software for pension services, insurers and banks. Their specialties include Full SAAS solution for pension management, FinCircle pension communication software, Risk & Compliance, Risk services, IT & operational audit services, Business Intelligence, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/25/2012 via Company Press Release

Waterland Private Equity Investments, acquired Actuera

See 76 Comparable Transactions
synopsis: Main Capital Partners has its majority stake in Actuera, leading provider of policy administration systems, sold to Waterland Private Equity Investments. Actuera, based in Rotterdam, has developed into a leader in the field of complete software solutions for insurance companies, pension funds and pension providers in the Netherlands.
buyer: Waterland Private Equity Investments
Waterland is an independent private equity investment group that supports entrepreneurs in realizing their growth ambitions. With substantial financial resources and committed industry expertise, Waterland enables its portfolio companies to achieve accelerated growth. "
 target parent: Main Capital Partners BV
target: Actuera
Actuera is the Dutch market leader for applications in pension and group life insurance policy administration. Their cornerstone product, Maia, consists of standard software applications for front-, mid-, and back offices for pension and life insurance policy administrators.
price ($mm)
rev ($mm)
$19
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 10/10/2014 via Company Press Release

Actuera, acquired Artena

See 147 Comparable Transactions
synopsis: Keylane’s subsidiary Actuera - supplier of the Maia product suite for pension funds, insurance companies and third party administrators - has acquired a 100% interest in Artena, supplier of FinCircle a standard software solution for pension communication and back office administration.
buyer parent: KeyLane B.V.
buyer: Actuera
Actuera is the Dutch market leader for applications in pension and group life insurance policy administration. Their cornerstone product, Maia, consists of standard software applications for front-, mid-, and back offices for pension and life insurance policy administrators. "
 target: Artena
Artena is a provider of consultancy & software for pension services, insurers and banks. Their specialties include Full SAAS solution for pension management, FinCircle pension communication software, Risk & Compliance, Risk services, IT & operational audit services, Business Intelligence, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/18/2019 via Company Press Release

Sinqia, acquired Stock & Info Ltda.

See 47 Comparable Transactions
synopsis: Sinqia hereby announces the acquisition of the entire shares of Stock & Info Ltda., a provider of software for the pension fund segment. Stock & Info provides supplementary pension management solutions for the largest class-based pension funds, corporate pension funds and closed-ended supplementary pension liability management companies.
buyer: Sinqia (SNSL3:$34.43)
Founded in 1996, Sinqia is a leader in the development of software and technology services for the financial sector in Brazil. They operate in four business units: Software, Projects, Outsourcing, and Consulting. "
 target: Stock & Info Ltda.
Stock & Info Ltda. is a provider of software for the pension fund segment. Stock & Info provides supplementary pension management solutions for the largest class-based pension funds, corporate pension funds and closed-ended supplementary pension liability management companies.
price ($mm)
$1.07
rev ($mm)
$1
EBITDA ($mm)
EV / rev
1.4x
EV / EBITDA
closed 1/23/2019 via BNC Analysis

Sinqia, acquired Atena Tecnologia Ltda.

See 47 Comparable Transactions
synopsis: Senior Solution, now called Sinqia, announced the purchase of all shares of Atena Tecnologia, a software company for the segment of private pension entities. Created in 1997, Atena is formed by the companies Atena Tecnologia and Atena Gestão de Previdência. Atena is based in Salvador, Brazil.
buyer: Sinqia (SNSL3:$34.43)
Founded in 1996, Sinqia is a leader in the development of software and technology services for the financial sector in Brazil. They operate in four business units: Software, Projects, Outsourcing, and Consulting. "
 target: Atena Tecnologia Ltda.
Created in 1997, Atena is formed by the companies Atena Tecnologia and Atena Gestão de Previdência. Atena is a software provider for the segment of private pension entities. Atena is based in Salvador, Brazil.
price ($mm)
$2.39
rev ($mm)
$2
EBITDA ($mm)
EV / rev
1.5x
EV / EBITDA
closed 1/25/2012 via Company Press Release

Waterland Private Equity Investments, acquired Actuera

See 76 Comparable Transactions
synopsis: Main Capital Partners has its majority stake in Actuera, leading provider of policy administration systems, sold to Waterland Private Equity Investments. Actuera, based in Rotterdam, has developed into a leader in the field of complete software solutions for insurance companies, pension funds and pension providers in the Netherlands.
buyer: Waterland Private Equity Investments
Waterland is an independent private equity investment group that supports entrepreneurs in realizing their growth ambitions. With substantial financial resources and committed industry expertise, Waterland enables its portfolio companies to achieve accelerated growth. "
 target parent: Main Capital Partners BV
target: Actuera
Actuera is the Dutch market leader for applications in pension and group life insurance policy administration. Their cornerstone product, Maia, consists of standard software applications for front-, mid-, and back offices for pension and life insurance policy administrators.
price ($mm)
rev ($mm)
$19
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 3/18/2020 via BNC Analysis

IRESS Market Technology Limited, acquired O&M Life & Pensions Limited

See 34 Comparable Transactions
synopsis: Back office provider Iress has acquired fellow adviser software firm O&M Systems. Iress, best known for its Xplan system, will directly integrate O&M’s pension and investment data and comparison tools for financial advisers into its offering. O&M has been heavily involved in the pensions industry for nearly two decades.
buyer: IRESS Market Technology Limited (ASX:IRE:$292.95)
IRESS designs, develops and delivers technology for the financial services industry, including for trading and market data, investment management and financial advice. More than 450 third-party enterprises have integrated IRESS technology into their own software. "
 target: O&M Life & Pensions Limited
O&M Systems provide ground breaking software and services for the UK Financial Services Industry. O&M has been heavily involved in the pensions industry for nearly two decades. Since 1992 the company has been providing and continually developing solutions to reduce any pension adviser's workload.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/10/2021 via BNC Analysis

LSL Property Services plc, acquired Direct Life

See 41 Comparable Transactions
synopsis: LSL Property Services, a residential property services group in the UK, has acquired a 60% stake in Direct Life, a UK-based insurance technology company that makes it easy for people to get life insurance quotes at lower prices. Direct Life's LifeQuote platform enables financial advisers to give their clients the protection solutions they need.
buyer: LSL Property Services plc (LSE:LSL:$378.29)
LSL Property Services is one of the UK's leading residential property services groups. LSL offers services for residential sales, lettings, surveying, conveyancing and mortgage advice. They also provide valuations, asset management and property management services for mortgage lenders. "
 target: Direct Life
Direct Life is an insurance technology company in the UK. Direct Life makes it simple and easy for people to get life insurance quotes at discounted prices. Their LifeQuote platform makes it easier for financial advisers to give their clients the protection solutions they need.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/16/2020 via Company Press Release

Perseus Group, acquired Selectapension

See 478 Comparable Transactions
synopsis: Perseus Group, an operating group of Constellation Software that acquires software companies, has acquired Selectapension, a UK-based provider of pension and investment planning software. Selectapension makes it easier to complete comprehensive analyses and compare products, enabling financial planners to deliver the best advice to their clients.
buyer parent: Constellation Software, Inc.
buyer: Perseus Group
The Perseus Group is an operating group of Constellation Software Inc. Perseus acquires and invests in software businesses that are committed to providing long-term solutions and life-long partnerships to customers. "
 target: Selectapension
Selectapension is a UK-based provider of pension and investment planning software for financial advisers. Selectapension’s software makes it easier to complete comprehensive analyses, and compare products and providers, enabling financial planners to deliver the best advice to their clients.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/28/2018 via BusinessWire

Majesco, acquired Exaxe

See 274 Comparable Transactions
synopsis: Majesco, a global leader of cloud insurance technology, announced the acquisition of Exaxe, an EMEA based cloud software leader in the life, pensions and wealth management segment. Their suite of solutions help life assurers to develop and implement strategies to meet the challenges presented by the shift to SaaS based digital platforms.
buyer: Majesco (:$146.45)
Majesco is a leading insurance solutions and services provider. Majesco's software for core insurance functions include Policy Administration, Underwriting, New Business Processing, Billing, Claims, Product Modeling, Incentive Compensation and Producer Lifecycle Management. "
 target: Exaxe
Exaxe is a leading provider of digital solutions to the life, annuity and wealth management sectors. Its innovative suite of solutions help life assurers to develop and implement strategies to meet the challenges and opportunities presented by the shift to SaaS based digital platforms.
price ($mm)
$8.06
rev ($mm)
$4
EBITDA ($mm)
EV / rev
3.1x
EV / EBITDA
closed 11/4/2016 via PR Newswire

Broadridge Financial Solutions, Inc., acquired M&O Systems, Inc.

See 202 Comparable Transactions
synopsis: Broadridge Financial Solutions, Inc. has expanded its wealth management and U.S. Department of Labor Fiduciary Rule compliance capabilities with the acquisition of M&O Systems, Inc., a leading provider of advisor compensation management solutions that help broker-dealers and wealth management firms support advisors and grow their businesses.
buyer: Broadridge Financial Solutions, Inc. (BR:$4,684.10)
Broadridge Financial Solutions, Inc. is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers globally. Broadridge provides investor communications, securities processing and operations outsourcing solutions. "
 target: M&O Systems, Inc.
Founded in 1977, M&O Systems, Inc. is a leading provider of compensation, sales management, regulatory and business process solutions for retail and institutional broker-dealers, registered investment advisors and insurance agencies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/20/2018 via Company Press Release

Euronext N.V., acquired Commcise Software Limited

See 106 Comparable Transactions
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:$1,041.70)
Euronext is the leading pan-European exchange in the Eurozone. Euronext operates regulated and transparent equity and derivatives markets. Its total product offering includes Equities, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. "
 target: Commcise Software Limited
Commcise offers a cloud-based research commission management, evaluation and accounting solution built to meet the needs of asset managers, brokers and independent research providers. Commcise is the only vendor which combines research funding, consumption and accounting into a single platform.
price ($mm)
$34*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/13/2018 via Company Press Release

ESW Capital, LLC, acquired Firm58

See 264 Comparable Transactions
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 6/10/2020 via BusinessWire

Tegra118, acquired RetireUp

See 55 Comparable Transactions
synopsis: Tegra118, a top provider of wealth and asset management technology solutions, has acquired RetireUp, a leading provider of retirement planning technology. The acquisition will help advisors enrich their client relationships with powerful retirement income planning through a seamless, modern experience.
buyer parent: Motive Partners
buyer: Tegra118
Tegra118 is a provider of software solutions to the wealth and asset management industry with a vast network of broker-dealers, asset managers, and custodians and trading interfaces. Its platform provides portfolio management, trading, accounting, rebalancing, and reporting for managed accounts. "
 target: RetireUp
RetireUp is a provider of integrated retirement income planning solutions built to strengthen the client-advisor relationship. With powerful tools, actuarial-level product modeling, data integration, and an automated forms system, RetireUp facilitates more meaningful client-advisor conversations.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/13/2018 via PR Newswire

Simplicity Group Holdings, acquired AssetLock

See 164 Comparable Transactions
synopsis: Simplicity Group Holdings announced that it has acquired investment and retirement account communication technology, AssetLock. AssetLock is an award-winning investment and retirement account monitoring software that streamlines communication between the account holder and financial advisor.
buyer: Simplicity Group Holdings
Headquartered in Hartford, Connecticut, Simplicity Group Holdings is one of the nation’s largest and fastest growing financial marketing organizations with over 20,000 financial professionals, 100 partner agencies, and 30 broker-dealer partners located throughout the United States. "
 target: AssetLock
AssetLock is an award-winning investment and retirement account monitoring software that streamlines communication between the account holder and financial advisor.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/20/2018 via BNC Analysis

Fi360, Inc., acquired Center for Fiduciary Management

See 340 Comparable Transactions
synopsis: Fi360, a fiduciary education, training and technology company, has acquired the Center for Fiduciary Management (CFFM), an investment management technology provider for retirement plan advisors. CFFM's FiRM solution features investment monitoring, document storage, plan fee analysis, investment line-up comparison, and more.
buyer parent: Bluff Point Associates
buyer: Fi360, Inc.
Fi360 is a fiduciary education, training and technology company that helps financial intermediaries use prudent fiduciary practices to profitably gather, grow and protect investors’ assets. The firm provides professionals with the tools they need to act as a fiduciary in their work with investors. "
 target: Center for Fiduciary Management
The Center for Fiduciary Management (CFFM) provides the retirement plan industry with investment monitoring services. Their FiRM solution features investment monitoring, document storage, and more. Their RFP Director solution makes the Retirement Service Provider RFP process efficient and easy.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/22/2019 via BNC Analysis

Wealthbar, acquired Snap Projections Inc.

See 45 Comparable Transactions
synopsis: WealthBar Financial Services Inc., a leading Canadian wealth management platform and a subsidiary of CI Financial Corp., has acquired Snap Projections Inc. Based in Ontario, Snap Projections offers intuitive financial planning software that helps wealth professionals build customized wealth and retirement plans for their clients.
buyer parent: CI Financial Corp.
buyer: Wealthbar
WealthBar is a leading Canadian online wealth management and financial planning platform offering easy online investing portfolios and low-fee Exchange-Traded Funds, along with unlimited commission-free advice. "
 target: Snap Projections Inc.
Ontario-based Snap Projections helps financial advisors, planners and wealth managers educate their clients to help them make better financial decisions through a simple yet powerful and easy to use financial and retirement planning software solution.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/21/2017 via PR Newswire

Covisum, acquired PrairieSmarts

See 174 Comparable Transactions
synopsis: Two companies are joining forces to offer financial advisors powerful risk analytics with retirement planning solutions. PrairieSmarts' advanced risk management platform for financial services professionals has been acquired by Covisum, a retirement income planning technology and training solution.
buyer: Covisum
Covisum provides financial advisors with software, training and support to deliver retirement income plans that improve the lives of clients by facilitating better retirement decisions. Their core product offerings include Social Security Timing and Tax Clarity. "
 target: PrairieSmarts
PrairieSmarts helps investors and financial firms find success by providing the most intuitive, advanced and bias-free risk management platform in the world. Founded in 2013, PrairieSmarts provides advanced and digestible insights into financial risk using some of the world's best risk algorithms.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/21/2021 via BusinessWire

Insurance Technologies, LLC, acquired IXN Tech

See 116 Comparable Transactions
synopsis: Insurance Technologies, LLC, a leading provider of sales automation solutions for the life and annuities insurance industries, announced the acquisition of IXN, the leading provider of digital data exchange solutions for the life insurance industry.
buyer parent: Thomas H. Lee Partners, L.P.
buyer: Insurance Technologies, LLC
Insurance Technologies provides innovative sales and regulatory automation solutions to the insurance and financial services industry. The company's offering includes a suite of integrated sales solutions, from pre-sale functions to illustrations and e-application to post-sale services. "
 target: IXN Tech
IXN is a leading provider of cross-platform software solutions to the insurance industry helping make the process of distributing and processing life insurance simple and easy.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/5/2019 via GlobeNewswire

Verisk Analytics, Inc., will acquire Flexible Architecture and Simplified Technology, LLC

See 187 Comparable Transactions
synopsis: Verisk, a leading data analytics provider, will acquire FAST, a leading software company for the life insurance and annuity industry. The acquisition of FAST will extend Verisk's offerings to the life insurance market as they build a comprehensive suite of innovative solutions to support insurer modernization.
buyer: Verisk Analytics, Inc. (NasdaqGS:VRSK:$2,784.60)
Verisk Analytics is a leading data analytics provider serving customers in insurance, natural resources, and financial services. Using advanced technologies to collect and analyze billions of records, Verisk Analytics provides first-to-market innovations that are integrated into customer workflows. "
 target: Flexible Architecture and Simplified Technology, LLC
FAST, which stands for Flexible Architecture and Simplified Technology, is a leading software company for the life insurance and annuity industry. FAST focuses on solving challenges its financial services and insurance clients face as they seek to modernize or replace their systems environments.
price ($mm)
$194
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/1/2019 via Company Press Release

Broadridge Financial Solutions, Inc., acquired Shadow Financial Services Corporation

See 462 Comparable Transactions
synopsis: Broadridge Financial Solutions, Inc., a global Fintech leader, has acquired Shadow Financial Systems, Inc., a provider of multi-asset class post-trade solutions for the capital markets industry. Shadow Financial Systems offers a SaaS-based solution for middle and back-office post-trade processing, reconciliation, clearing, treasury and accounting.
buyer: Broadridge Financial Solutions, Inc. (BR:$4,684.10)
Broadridge Financial Solutions, Inc. is a leading provider of investor communications and technology-driven solutions to banks, broker-dealers, asset managers and corporate issuers globally. Broadridge helps clients reduce their capital investments in operations infrastructure. "
 target: Shadow Financial Services Corporation
Shadow Financial Systems is a provider of multi-asset class post-trade solutions for the capital markets industry. Shadow Financial Systems offers ShadowSuite, a SaaS-based solution for middle and back-office post-trade processing, reconciliation, clearing, treasury and accounting.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/8/2019 via GlobeNewswire

Roper Technologies, Inc., will acquire iPipeline, Inc.

See 273 Comparable Transactions
synopsis: Roper Technologies Inc. will acquire iPipeline in an all-cash transaction. iPipeline’s cloud-based software delivers solutions for the life insurance and annuity industries. iPipeline's suite of Software as a Service-based applications provide workflow automation and seamless integration across a broad network of carriers, distributors, and agents.
buyer: Roper Technologies, Inc. (ROP:$5,405.00)
Roper Technologies is a constituent of the S&P 500, Fortune 1000, and the Russell 1000 indices. Roper operates businesses that design and develop software (both license and software-as-a-service) and engineered products and solutions for a variety of niche end markets. "
 target parent: Thoma Bravo, LLC
target: iPipeline, Inc.
iPipeline is a leading provider of cloud-based software solutions for the life insurance and financial services industries. Through its SSG Digital, end-to-end platform, iPipeline accelerates and simplifies sales, compliance, operations, and support.
price ($mm)
$1,625
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
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