Like R&L AG

closed 2/3/2016 via Reuters

Targit GmbH, acquired R&L AG

synopsis: Targit GmBH has acquired 55 percent share capital of R&L AG, a company in Germany specialised in consulting and IT solutions in payments sector and in particular on SWIFT. SWIFT is a messaging network that financial institutions use to securely transmit information and instructions through a standardized system of codes.
buyer parent: Be Think, Solve, Execute S.p.A. Group
buyer: Targit GmbH
Targit is a consulting and software company with a focus on the financial sector. Targit relies on a triple expertise with specialists, product and IT expertise. Implemented and applied by a team of specialists. "
target: R&L AG
R&L AG is a company in Germany specialised in consulting and IT solutions in payments sector and in particular on SWIFT. SWIFT is a messaging network that financial institutions use to securely transmit information and instructions through a standardized system of codes.
price ($mm)
$1.62*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/22/2021 via BNC Analysis

Arbes Technologies, acquired Crede Experto

synopsis: Arbes Technologies, a European Software Provider which has developed a wide range of highly-scalable and flexible software solutions for Banking & Finance and Accounting & Financial Control, has purchased a majority ownership stake in the Czech company Crede Experto Praha, which specializes in software for banking and payment systems.
buyer: Arbes Technologies
ARBES Technologies, established in 1991, is a European Software Provider which has developed a wide range of highly-scalable and flexible software solutions for Banking & Finance and Accounting & Financial Control. "
target: Crede Experto
Crede Experto Praha spol. s r.o. offers professional information technology solutions and services. The company was incorporated in 1997 and is based in Prague, Czechia. They specialize in payment systems, banking, security, disaster recovery and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/16/2020 via PR Newswire

IBM, acquired Expertus

synopsis: IBM has acquired Montreal-based fintech company, Expertus Technologies Inc. Expertus is a pioneer in cloud solutions for the financial services industry. The acquisition strengthens IBM's portfolio as an end-to-end digital payments solution provider and further advances IBM's hybrid cloud and AI strategy.
buyer: IBM (IBM:$58,361.00)
IBM is a leading cloud platform and cognitive solutions company. Restlessly reinventing since 1911, they are the largest technology and consulting employer in the world. With Watson, the AI platform for business, powered by data, IBM is building industry-based solutions to real-world problems. "
target: Expertus
Montreal-based Expertus is a global leader in payment solutions. Expertus provides corporates and financial institutions with targeted software solutions and consulting services that reduce operational costs and risks.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/7/2017 via BusinessWire

Sopra Steria, acquired Galitt

synopsis: Sopra Steria , a European leader in digital transformation, announced that it has completed its acquisition of Galitt, a consulting and solutions development firm in the payment systems and secure transactions market.
buyer: Sopra Steria (ENXTPA:SOP:$4,682.80)
Sopra Steria, a European leader in digital transformation, provides one of the most comprehensive portfolios of end-to-end service offerings on the market: consulting, systems integration, software development, infrastructure management and business process services. "
target: Galitt
Galitt provides consulting and services for secure electronic transactions and payment systems. With its longstanding presence and wide range of complementary business lines and recognized expertise, Galitt guides its clients through the entire project life cycle.
price ($mm)
rev ($mm)
$37
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 2/17/2017 via BNC Analysis

Be Think, Solve, Execute S.p.A. Group, acquired PayStrat Solutions SL

synopsis: Be Group Think, Solve, Execute S.p.A. strengthens its presence in the Iberian region with the acquisition of 60% shares of Paystrat, consulting "boutique" based in Madrid and focused on payments, digital wallets and market intelligence.
buyer: Be Think, Solve, Execute S.p.A. Group (BIT:BET:$247.17)
Be Group provides Business Consulting, Information Technology and Process & Document Management services. A combination of specialist skills, advanced proprietary technologies and a wealth of experience enable the Group to create value and boost business growth for financial/insurance institutions. "
target: PayStrat Solutions SL
Paystrat is a consulting "boutique" based in Madrid and focused on payments, digital wallets and market intelligence. Paystrat is a niche advisory firm serving the major issuers and other payments industry players, around topics such as segmented strategies, wallet and mobile payments, and more.
price ($mm)
$0.19*
rev ($mm)
$1
EBITDA ($mm)
EV / rev
0.5x
EV / EBITDA
closed 6/2/2016 via BusinessWire

Chequers Capital, acquired FIME

synopsis: FIME, a world leader in certification consultancy and testing for secure electronic transactions, has been acquired from Orange by investment firm Chequers Capital. The new ownership framework will enable FIME to enhance its assertive expansion strategy to offer new services in emerging markets and increase its geographical presence globally.
buyer: Chequers Capital
Chequers Capital, founded in Paris in 1972, is one of the oldest private equity firms in Europe. Their team of twenty investment professionals invests in many sectors (majority or minority LBO, taken-private, growth capital transactions), with a particular appetite for carve-outs of large groups. "
target parent: Orange S.A.
target: FIME
FIME advances end-to-end transaction solutions and mobile services, enabling market security and interoperability. As an independent worldwide leader in consulting and testing services, FIME ensures the compliance of mobile devices and chip-based applications to industry standards.
price ($mm)
rev ($mm)
$51
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 4/6/2016 via Company Press Release

Wanke Associates, LLC, acquired CFC Technology Corporation, LLC

synopsis: Equipment finance company Wanke Associates LLC has acquired CFC Holdings, Inc. (dba CFC Technology). The company is a Remote Deposit Capture and banking software provider based in Brooklyn Park, Minnesota.
buyer: Wanke Associates, LLC
Wanke Associates has spent the last 15 years specializing in IT Consulting, Business Operations and Equipment Financing. Based in Minneapolis, MN they have customers all over the United States. Their client base has included fortune 500 corporations to small community businesses. "
target parent: Lakeview Equity Partners, LLC
target: CFC Technology Corporation, LLC
CFC Technology was born with an eye towards un-complicating the way credit unions and bankers utilize technology. Pioneering the concept of managed remote deposit capture (RDC) services, they were the first RDC provider to be CORE agnostic and offer customers and merchants a self-service portal.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/15/2016 via PR Newswire

IBM, acquired IRIS Analytics GmbH

synopsis: IBM, a global technology and innovation company, announced that it has acquired IRIS Analytics, a company specializing in real-time analytics to help combat payment fraud. IRIS provides a real-time fraud analytics engine that leverages machine learning to generate rapid anti-fraud models while also supporting the creation of ad-hoc models.
buyer: IBM (IBM:$58,361.00)
IBM offers a wide range of technology and consulting services; a broad portfolio of middleware for collaboration, predictive analytics, software development and systems management; and the world's most advanced servers and supercomputers. "
target: IRIS Analytics GmbH
IRIS Analytics provides technology and consultancy services to the payments industry to beat electronic payment fraud. It develops and markets the IRIS off-the-shelf fraud prevention platform which powers real-time fraud scoring across the full range of electronic payment channels.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/2/2014 via BusinessWire

Spire Payments Ltd., acquired Altius Plus

synopsis: Spire Payments, the fastest growing European POS solutions provider, announced the acquisition of Altius Plus, recognised experts in the development of payment applications, terminal management systems, loyalty schemes, ticketing solutions and client server-based architectures within the payments industry.
buyer: Spire Payments Ltd.
Spire Payments is an independent provider of point of sale hardware and software solutions and is one of the original pioneers of secure electronic payment systems, delivering real customer value and secure protection. "
target: Altius Plus
Altius Plus are recognised experts in the development of payment applications, terminal management systems, loyalty schemes, ticketing solutions and client server-based architectures within the payments industry.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/5/2010 via Company Press Release

Lakeview Equity Partners, LLC, acquired CFC Technology Corporation, LLC

synopsis: Lakeview Equity Partners, LLC, a Milwaukee-based private equity fund, has announced an investment in CFC Technology Corporation, LLC, Plymouth, Minn., which provides community banks and credit unions with technology consulting services and solutions.
buyer: Lakeview Equity Partners, LLC
Lakeview Equity Partners, LLC, is a $40 million-plus private equity fund that focuses on investments in traditional, Midwest-based, middle market companies. "
target: CFC Technology Corporation, LLC
CFC Technology Corporation, LLC provides RDC managed services to banks and small businesses. It offers cloud services, including hosted POD, business continuity planning, vendor management, and data backup and recovery.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/21/2017 via PR Newswire

Prepaid Financial Services, acquired Spectre Technologies Limited

synopsis: Prepaid Financial Services Limited (PFS), an established e-money issuer and alternative banking provider announced the acquisition of Spectre Technologies Limited (STL), a Malta-based software development company with a long history of providing bespoke software to the financial services, payments, and fintech industries.
buyer: Prepaid Financial Services
Prepaid Financial Services (PFS) is an award winning payments technology specialist offering a comprehensive range of e-money and banking solutions including e-wallets, physical and virtual prepaid cards and current accounts in the UK and the Eurozone. "
target: Spectre Technologies Limited
Spectre IT Limited (STL) is a market leading software development company specialising in creating software for the financial markets. STL provides technology solutions to support issuers, processors, card program managers, card programs, acquirers, cash top-up networks, & payment service providers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/22/2021 via PR Newswire

DG Financial Technology Inc., acquired Vizitech Solutions Pvt Ltd

synopsis: DG Financial Technology Inc., a leading Japanese payment service provider, has acquired a majority stake (60% outstanding shares) in Vizitech Solutions. Based in Pune, India, Vizitech is a Managed Services Provider skilled at localized system development and management for finance and payment industries.
buyer parent: Digital Garage Inc.
buyer: DG Financial Technology Inc.
Based in Japan, DGFT is a payment service provider offering comprehensive payment services to online business operators, including e-commerce, as well as stores and other face-to-face business operators. "
target: Vizitech Solutions Pvt Ltd
Based in India, Vizitech is a Managed Services Provider skilled at localized system development and management for finance and payment industries. The company's services include remote monitoring, OS & security patch management, critical event monitoring, VOIP, service desk, app management and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/7/2016 via Company Press Release

ABIT GmbH merged with EuroSystems Group BV,

synopsis: ABIT GmbH, Meerbusch, and EuroSystems Group, Nieuwegein, are pooling their expertise in software development and consulting for process, risk and credit management. For nearly 30 years, ABIT GmbH has combined know how, performance and innovation as a software and consulting company for intelligent processing and receivables management.
buyer parent: Main Capital Partners BV
buyer: EuroSystems Group BV
EuroSystems is a specialized supplier of credit management software solutions. EuroSystems provides integrated software solutions for Arrears Management Departments and comprehensive (ERP) solutions for collection agencies and bailiffs. "
target parent: Findos Investor GmbH
target: ABIT GmbH
ABIT GmbH has combined know how, performance and innovation as a software and consulting company for intelligent processing and receivables management. Based on leading expertise and modern software architecture, ABIT has established a distinctive profile as a leading IT solutions provider.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/18/2019 via BusinessWire

Urban FT, Inc., acquired CFC Technology Corporation, LLC

synopsis: Urban FT Group, a company that provides a digital banking and payments platform to over 700+ clients, the majority of which are community banks and credit unions, announced it has acquired CFC Technology Group, a leader in merchant Remote Deposit Capture (RDC) solutions and managed services for community banks and credit unions.
buyer: Urban FT, Inc.
Urban FT provides a digital banking and payments platform to over 700+ clients, the majority of which are community banks and credit unions. Recognized as one of the most progressive and successful FinTech companies, Urban FT empowers clients with service, functionality, and UX. "
target parent: Wanke Associates, LLC
target: CFC Technology Corporation, LLC
CFC Technology is a leader in merchant Remote Deposit Capture (RDC) solutions and managed services for community banks and credit unions. They scale clients’ RDC programs to lower their costs and power up their engagement banking strategy.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/16/2020 via PR Newswire

Synechron Inc., acquired Attra Pty., Ltd.

synopsis: Synechron Inc. has acquired Attra, an Australia-based technology services and solutions provider focused on the banking, finance, and payments industries. Attra's comprehensive cards and payments services complement the digital, consulting, and technology services that Synechron currently provides for its clients.
buyer: Synechron Inc.
Synechron is a leading Digital Transformation Consulting firm for financial services, accelerating digital for financial institutions by providing innovative solutions to the financial services industry through three main business focus areas: Digital, Business Consulting, and Technology. "
target: Attra Pty., Ltd.
Attra is an Australian technology services and solutions provider in the banking, cards, and payment domains. Attra builds strategic partnerships with global players in the banking and financial service industry to provide consulting, application development, and quality engineering services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/22/2005 via BusinessWire

Wipro Limited, will acquire mPower Software Services, Inc.

synopsis: Wipro Limited announced that it has signed a definitive agreement to acquire mPower Inc, a Princeton, New Jersey, U.S. headquartered company with a development center in Chennai and MPACT Technology Services, based in Chennai, for an all cash consideration of $28 million.
buyer: Wipro Limited (BSE:507685:$744,788.00)
Wipro provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application development and maintenance, and research and development services to corporations globally. "
target: mPower Software Services, Inc.
mPower Software Services a global software services & technology consulting company that serves the IT needs of businesses in the financial services and payment processing space. mPower provides a full spectrum of software consulting services including application management, testing and more.
price ($mm)
$28
rev ($mm)
$18
EBITDA ($mm)
EV / rev
1.6x
EV / EBITDA
closed 7/30/2020 via Company Press Release

Gresham Computing, acquired Inforalgo

synopsis: Gresham, the leading fintech in reconciliations, banking integration and cash management solutions, has announced the acquisition of Capital Markets data automation specialist, Inforalgo. Inforalgo offers, cloud-hosted, straight-through-processing (STP) solutions and automation technologies for financial institutions.
buyer: Gresham Computing (LSE:GHT:$32.28)
Gresham Computing plc is a leading software and services company that specialises in providing real-time transaction control and enterprise data integrity solutions. Gresham’s Clareti software platform is designed to provide financial institutions with complete certainty in their data processing. "
target: Inforalgo
Inforalgo offers, cloud-hosted, straight-through-processing (STP) solutions and automation technologies for financial institutions, which enables customers to benefit from having their complex real-time connectivity delivered as an automated service.
price ($mm)
$3.99
rev ($mm)
$2
EBITDA ($mm)
EV / rev
2.6x
EV / EBITDA
announced 1/20/2021 via PR Newswire

SOS Limited, will acquire FXK Tech Corporation

synopsis: SOS Limited announced it has entered into a non-binding letter of intent to acquire FXK Tech Corporation, a Canadian-based company, specializing in the blockchain technology consulting and operations and support for cryptocurrency exchanges and cloud crypto algorithmic power exchanges.
buyer: SOS Limited (NYSE:SOS:$0.00)
SOS Limited, through its operating subsidiary, SOS Information Technology Co., Ltd. (SOS) is a high-technology company providing a wide range of services to its corporate and individual members, including marketing data, technology and solutions for emergency rescue services. "
target: FXK Tech Corporation
FXK Tech Corporation is a Canadian-based company, headquartered in Richmond, B.C, specialized in the blockchain technology consulting, and operations and support for crypto currency and cloud crypto algorithmic power exchanges.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/11/2021 via Company Press Release

Gemini Trust Company, LLC, acquired Guesser Inc.

synopsis: Gemini has acquired Guesser, a company that develops and operates a prediction market platform where users can invest in the outcome of events using cryptocurrency. Its platform compares outcomes and analyzes continuously updated information about outcome prices and odds, bet limits, trader trends, latest news, and site fees.
buyer: Gemini Trust Company, LLC
Gemini is a cryptocurrency exchange and custodian that allows customers to buy, sell, and store cryptos such as bitcoin, bitcoin cash, ether, zcash, and litecoin. Gemini is a New York trust company regulated by the New York State Department of Financial Services. "
target: Guesser Inc.
Guesser develops and operates a prediction market platform where users can invest in the outcome of events using cryptocurrency. Its platform compares outcomes and analyzes continuously updated information about outcome prices and odds, bet limits, trader trends, latest news, and site fees.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/26/2019 via BNC Analysis

PaySend, acquired Rapid SD

synopsis: Paysend, UK's next generation money transfer platform allowing users to send funds directly to any Visa, MasterCard and UnionPay card, has acquired Rapid SD, a software development company that focuses on cryptocurrency.
buyer: PaySend
Headquartered in the UK, PaySend is the next generation money transfer platform allowing users to send funds directly to any Visa, MasterCard and UnionPay card in 70+ countries. It’s a fast, easy and secure way to send money to people at a fixed low price. "
target: Rapid SD
Headquartered in Australia, Rapid SD is a software development company that focuses on cryptocurrency. Rapid SD Pty has focused on addressing the volatility of cryptocurrencies and shortage of liquidity on Stellar DEX, by creating a new global stablecoin.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/3/2016 via Reuters

Targit GmbH, acquired R&L AG

synopsis: Targit GmBH has acquired 55 percent share capital of R&L AG, a company in Germany specialised in consulting and IT solutions in payments sector and in particular on SWIFT. SWIFT is a messaging network that financial institutions use to securely transmit information and instructions through a standardized system of codes.
buyer parent: Be Think, Solve, Execute S.p.A. Group
buyer: Targit GmbH
Targit is a consulting and software company with a focus on the financial sector. Targit relies on a triple expertise with specialists, product and IT expertise. Implemented and applied by a team of specialists. "
target: R&L AG
R&L AG is a company in Germany specialised in consulting and IT solutions in payments sector and in particular on SWIFT. SWIFT is a messaging network that financial institutions use to securely transmit information and instructions through a standardized system of codes.
price ($mm)
$1.62*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/3/2016 via Reuters

Targit GmbH, acquired R&L AG

synopsis: Targit GmBH has acquired 55 percent share capital of R&L AG, a company in Germany specialised in consulting and IT solutions in payments sector and in particular on SWIFT. SWIFT is a messaging network that financial institutions use to securely transmit information and instructions through a standardized system of codes.
buyer parent: Be Think, Solve, Execute S.p.A. Group
buyer: Targit GmbH
Targit is a consulting and software company with a focus on the financial sector. Targit relies on a triple expertise with specialists, product and IT expertise. Implemented and applied by a team of specialists. "
target: R&L AG
R&L AG is a company in Germany specialised in consulting and IT solutions in payments sector and in particular on SWIFT. SWIFT is a messaging network that financial institutions use to securely transmit information and instructions through a standardized system of codes.
price ($mm)
$1.62*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/11/2021 via PR Newswire

Preqin, acquired Colmore AG

synopsis: Preqin, the global leader in alternative assets data, analytics and insights, has acquired UK-based Colmore, a leading private markets technology, services and administration business. The new alliance between Colmore and Preqin will allow both companies to serve their clients across the entire private market investment lifecycle.
buyer: Preqin
UK-based Preqin is the Home of Alternatives, the foremost provider of data, analysis, and insights to the alternatives industry. Through close partnerships with its clients, Preqin continuously builds innovative tools and mines new intelligence to enable them to make the best decisions every day. "
target: Colmore AG
Based in the UK, Colmore is a market-leading, technology-driven private markets investor services business focused on the Limited Partner and Allocator market. Colmore's key solutions include portfolio monitoring, analytics, fee tracking and validation, and fund administration services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/6/2013 via Company Press Release

Senior Solution, acquired Drive Consultoria e Informática Ltda

synopsis: Drive Consultoria e Informática Ltda. is now under the control of Senior Solution SA. Drive is focused on providing systems and services for Asset Administration, Management, Control and Custody, with clients ranging from Banks to Pension Funds.
buyer: Senior Solution (SNSL3:$54.43)
Senior Solution operates in the Brazilian information technology industry and is the leading independent provider of software and services for the financial vertical in Brazil in terms of gross revenues. It developed the first application to Brazilian banks with the concept of full banking system. "
target: Drive Consultoria e Informática Ltda
Drive Consultoria e Informática Ltda is focused on providing systems and services for Asset Administration, Management, Control and Custody, with clients ranging from Banks to Pension Funds.
price ($mm)
$4.38
rev ($mm)
$7
EBITDA ($mm)
EV / rev
1.0x
EV / EBITDA
closed 5/4/2016 via Company Press Release

adesso AG, acquired Smarthouse Media GmbH

synopsis: Smarthouse Media GmbH, a leading full-service provider of online financial applications based in Karlsruhe, has been sold by Axel Springer Digital Ventures to adesso AG. Smarthouse Media operates over 300 portals on the basis of its own product solutions and meets the IT security and compliance requirements of banks and stock exchange operators.
buyer: adesso AG (DB:ADN1:$736.30)
adesso AG is an independent IT service provider ensures the success of projects and prepares companies for the future by means of consultancy, software development and optimisation of operating costs. It is their mission to optimise core business processes by targeted implementation of modern IT. "
target parent: Axel Springer SE
target: Smarthouse Media GmbH
Smarthouse Media is a full service provider of online financial applications. They combinee expertise in consulting, creation and technology – supporting clients in provider and data management as well as the conception, design, development, refinement and hosting of innovative online solutions.
price ($mm)
$27
rev ($mm)
$18
EBITDA ($mm)
EV / rev
1.5x
EV / EBITDA
closed 12/2/2020 via BusinessWire

West Monroe Partners, acquired Two Six Capital

synopsis: West Monroe, a national business and technology consulting firm, announced it has acquired Two Six Capital, a San Francisco-based, technology-enabled firm that pioneered data science for private equity.
buyer: West Monroe Partners
West Monroe is a national business and technology consulting firm that partners with dynamic organizations to reimagine, build, and operate their businesses at peak performance. "
target: Two Six Capital
Founded in 2013, Two Six Capital leverages proprietary technology—powered by artificial intelligence and machine learning—to advise private equity firms with one primary objective: understand and project the drivers of revenue.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/3/2020 via BusinessWire

JTC PLC, will acquire NES Financial

synopsis: JTC PLC, a global provider of fund, corporate and private wealth services to institutional and private clients, is to acquire NES Financial, a Silicon Valley financial technology (FinTech) company providing technology-enabled solutions and services for the efficient back and middle office administration of complex financial transactions.
buyer: JTC PLC (LSE:JTC:$108.81)
JTC PLC is an award-winning provider of fund, corporate and private client services to institutional and private clients. Founded in 1987, JTC has more than 900 people working across its global office network and is trusted to administer more than $130 billion of client assets. "
target: NES Financial
NES Financial is a Silicon Valley financial technology (FinTech) company providing technology-enabled solutions and services for the efficient back and middle office administration of complex financial transactions.
price ($mm)
$40
rev ($mm)
$13
EBITDA ($mm)
$2
EV / rev
8.8x
EV / EBITDA
64.5x
closed 5/11/2016 via Company Press Release

Synechron Inc., acquired Hatstand

synopsis: Synechron, Inc., a global consulting and technology innovator in the financial services industry, announced the acquisition of Hatstand, a global financial services consultancy and capital markets specialist.
buyer: Synechron Inc.
Synechron, the largest independent pure-play technology consulting and outsourcing provider for the financial services industry, is a $300-million firm based in New York. Synechron has been on a steep growth trajectory, with 5,000+ professionals operating in 16 countries across the world. "
target: Hatstand
Hatstand is a global financial consultancy and capital markets specialist. It operates in three key areas of financial markets: trading - systems & connectivity, data management and regulation & risk.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/3/2016 via BusinessWire

Accenture, acquired Formicary

synopsis: Accenture, a leading global professional services company, has completed its acquisition of Formicary, a leading provider of consulting and systems integration services for trading platforms in the UK and North America. Formicary's clients include tier-one investment banks, hedge funds, clearing houses and fund administrators.
buyer: Accenture (ACN:$53,736.36)
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Accenture works at the intersection of business and technology to help clients improve their performance. "
target: Formicary
Formicary is a capital markets technology consultancy. Founded in 2000, they specialize in trading and risk platforms, OTC Clearing, custom development, managed services and bespoke software.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/1/2013 via BNC Analysis

CameronTec, will acquire E2E Infotech

synopsis: Aurionpro Solutions Ltd has signed definitive agreements with CameronTec Intressenter AB to sell E2E Infotech, for an undisclosed amount. E2E Infotech Limited operates as a financial solutions provider which designs and develops capital market software solutions for traders, brokers, and banks.
buyer: CameronTec
CameronTec is on the forefront of electronic trading. As the embedded, standard, global FIX-based technology, it shapes the way markets publish, execute, clear, settle and manage risk. Its flagship product Catalys provides an integrated platform for operations, infrastructure and trading. "
target parent: aurionPro Solutions
target: E2E Infotech
E2E infotech was incorporated with the aim of providing a set of standard, cost efficient and reusable components for value added functionality around Orc™ Trading System. E2E infotech also provides a unique consulting services for Front, Middle and Back office application.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/8/2010 via Company Press Release

Thomson Reuters, acquired Aegisoft, LLC

synopsis: Thomson Reuters announced that it has acquired the assets and business of Aegisoft. Aegisoft has built its business on the Athena product line, a multi-asset trading platform which provides order and execution management, exchange connectivity and foreign exchange aggregation, as well as client and exchange simulators.
buyer: Thomson Reuters (TRI:$6,348.00)
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. Powered by the world's most trusted news organization, Thomson Reuters combine industry expertise with innovative technology to deliver critical information to leading decision makers. "
target: Aegisoft, LLC
Since 1994, Aegisoft has been innovating in the face of ever changing market structures. Aegisoft’s flagship product, AthenaTrader™, is an algorithmic execution management system (EMS) for Equities, Options, Futures, and Foreign Exchange trading.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/19/2010 via BusinessWire

Interactive Data Corporation, acquired 7ticks, LLC

synopsis: Interactive Data Corporation, a leading provider of financial market data, analytics and related solutions, announced the closing of its acquisition of 7ticks, LLC, an innovative provider of electronic trading networks and managed services.
buyer parent: Pearson plc
buyer: Interactive Data Corporation
Interactive Data Corporation is a leading global provider of financial market data, analytics and related solutions to financial institutions, active traders and individual investors. "
target: 7ticks, LLC (:$12.00)
7ticks is a rapidly growing technology firm specializing in Managed IT Services for the financial trading marketplace. The 7ticks team provides electronic trading infrastructure design, procurement, installation and ongoing management/monitoring services.
price ($mm)
$31
rev ($mm)
$11
EBITDA ($mm)
EV / rev
4.9x
EV / EBITDA
closed 7/11/2007 via Company Press Release

Capco, acquired City Practioners

synopsis: Capco, the global provider of integrated transformation services for the financial services industry, has acquired City Practitioners. City Practitioners is a consulting and technology implementation expert in the financial services market.
buyer parent: Symphony Technology Group
buyer: Capco
Capco is a leading global provider of integrated transformation services and solutions designed specifically for the financial services industry. "
target: City Practioners
City Practitioners is a leading implementer of complex asset trading trading systems within global financial institutions. We have unrivalled experience of implementing complex asset trading systems: our expertise covers front, middle and back office environments, across all asset classes.
price ($mm)
rev ($mm)
$33
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
announced 4/25/2007 via finextra.com

aurionPro Solutions, will acquire E2E Infotech

synopsis: Orc Software has signed a memorandum of understanding to sell its entire 51% share of E2E Infotech, a London-based financial solutions provider, to Mumbai-based aurionPro Solutions.
buyer: aurionPro Solutions (BSE:532668:$63.24)
aurionPro Solutions has built a strong niche presence in Cash Management solutions in Indian Banking sector by servicing top Private Sector and Foreign Bank operating in India. Its cash management solutions handle over 500,000 transactions daily clocking volumes of over USD 17 billion every year. "
target parent: Orc Software
target: E2E Infotech
E2E infotech was incorporated with the aim of providing a set of standard, cost efficient and reusable components for value added functionality around Orc™ Trading System. E2E infotech also provides a unique consulting services for Front, Middle and Back office application.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/23/2021 via PR Newswire

Thoma Bravo, LLC, will acquire Calypso Technology Inc

synopsis: Thoma Bravo is to acquire Calypso Technology, Inc. from international private equity group Bridgepoint and global growth investor Summit Partners. Calypso Technology, Inc. is a cloud-enabled provider of cross-asset front-to-back solutions and managed services for financial markets with over 40000 users in 60+ countries.
buyer: Thoma Bravo, LLC
Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. Thoma Bravo partners with a company’s management team to implement operating best practices, invest in growth initiatives and make acquisitions intended to accelerate revenue and earnings. "
target parent: Bridgepoint
target: Calypso Technology Inc
Calypso Technology, Inc. is a cloud-enabled provider of cross-asset front-to-back solutions and managed services for financial markets with over 40000 users in 60+ countries.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/26/2018 via Company Press Release

Five Degrees, acquired Libra ehf

synopsis: Five Degrees , the Dutch Fintech in banking software, acquires Libra, a leading provider of core banking IT systems in the financial sector in Iceland. Libra adds value for prospects and customers of Five Degrees through its offering of core banking solutions in the field of securities and loans.
buyer: Five Degrees
Five Degrees is a banking technology company. Five Degrees supports financials in their digital transformation with its next-generation digital banking platform. Matrix, their next generation digital banking platform, empowers financial institutions to enter the era of modern digital banking. "
target: Libra ehf
Libra is a leader in creating software for the Icelandic financial industry which employs over 40 people in Iceland. Libra has been developing software solutions with a strong focus on loans and securities trading for nearly two decades.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/16/2017 via Market Wire

American Portfolios, acquired TrustFort

synopsis: American Portfolios (AP), a privately-held, independent broker/dealer that services financial advisors across the country, has officially acquired the intellectual property and developmental capabilities of TrustFort, a comprehensive IT solutions provider for the financial industry.
buyer: American Portfolios
American Portfolios Financial Services, Inc. (APFS) is a full-service, independent broker/dealer, offering a complete range of financial services, including personal financial and retirement planning, securities trading, mutual funds, access to investment research, long-term care planning, and more."
target: TrustFort
TrustFort is a comprehensive IT solutions provider for the financial industry with broad experience in product and system development in the areas of electronic trading and fund accounting. TrustFort offers expertise in the design and development of customized portfolio accounting solutions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/24/2015 via Company Press Release

First Derivatives plc, acquired ActivateClients

synopsis: First Derivatives plc, a leading provider of software and consulting services, announces it has acquired the entire issued share capital of ActivateClients, a software business targeting financial markets and specialising in delivering applications and trading systems that increase customer engagement for its clients.
buyer: First Derivatives plc (AIM:FDP:$222.71)
First Derivatives is a leading provider of products and consulting services to the capital markets industry. They Focus on financial institutions that work cross-asset, often with multi-system and/or high volume trading activities. "
target: ActivateClients
ActivateClients, based in Dublin, Ireland, is a software business targeting financial markets and specialising in delivering applications and trading systems that increase customer engagement for its clients.
price ($mm)
$5.13
rev ($mm)
$1
EBITDA ($mm)
EV / rev
6.8x
EV / EBITDA
announced 6/26/2015 via BNC Analysis

New Zealand Exchange Limited, will acquire Apteryx, Inc.

synopsis: NZX announced it has entered into a non-binding heads of agreement to acquire 100% of financial management software company Apteryx, which helps New Zealand investment advisers and providers manage, trade and administer clients’ portfolios.
buyer: New Zealand Exchange Limited (NZE:NZX:$44.56)
The NZX Capital Markets (New Zealand Exchange Limited) form a diverse offering for companies wishing to raise growth capital and investors looking for secure and liquid investment opportunities. "
target: Apteryx, Inc.
Apteryx is a wealth management company that delivers rich online functionality available on any device to enable New Zealand investment advisers and providers to efficiently manage, trade and administer their investment assets, in full compliance with New Zealand’s financial services regulation.
price ($mm)
$9.52
rev ($mm)
$1
EBITDA ($mm)
EV / rev
10.9x
EV / EBITDA
closed 4/15/2020 via BNC Analysis

Piemonte Holding, acquired Vertentis

synopsis: Piemonte Holding has acquired Vertentis, a non-designated market maker and proprietary high frequency trading company committed to improving market competition and performance. They stand at the intersection of financial markets and high technology, improving stock market performance for buyers and sellers.
buyer: Piemonte Holding
Based in Brazil, Piemonte is an innovative, transnational company that has a solid reputation that has attracted investors in capital markets in Europe, the United States, and Latin America. They provide outstanding results in the Asset Management, Administration and Financial Services areas. "
target: Vertentis
Vertentis is a non-designated market maker and proprietary high frequency trading company committed to improving market competition and performance. They stand at the intersection of financial markets and high technology, improving stock market performance for buyers and sellers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/4/2021 via PR Newswire

TRG Screen, purchased Market Data Reporting business from Jordan & Jordan

synopsis: TRG Screen, the leading provider of enterprise subscription spend management solutions, announced it has acquired the Market Data Reporting (MDR) business from Jordan & Jordan (J&J). Market Data Reporting is a managed services solution focused on providing reporting and related services to ensure compliance with licensing policies.
buyer parent: Pamlico Capital
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. "
seller: Jordan & Jordan
Market Data Reporting from J&J (Jordan & Jordan) is a managed services solution focused on providing reporting and related services to ensure compliance with licensing, provisioning, distribution and reporting policies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/6/2021 via BusinessWire

Options Technology, will acquire Fixnetix

synopsis: Options Technology is to purchase Fixnetix, a company that provides market data, trading access, liquidity venue connectivity, pre-trade risk and execution management technologies for Investment Banks, Hedge Funds and Proprietary Trading Firms globally, under a fully managed services model.
buyer: Options Technology
Options Technology is the leading provider of cloud-enabled managed services to the global financial services sector. Clients leverage their award-winning front to back office managed infrastructure: Managed Platform, Managed Colocation, Managed Applications and technology consultancy services. "
target parent: DXC Technology Company
target: Fixnetix
Fixnetix provides market data, trading access, liquidity venue connectivity, pre-trade risk and execution management technologies for Investment Banks, Hedge Funds and Proprietary Trading Firms globally, under a fully managed services model.
price ($mm)
rev ($mm)
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EV / EBITDA

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