Like Merritt Research Services, LLC

closed 11/18/2019 via BusinessWire

Investortools, acquired Merritt Research Services, LLC

synopsis: Investortools, a provider of software-based solutions for fixed-income portfolio management, trading, compliance, credit analysis, and benchmark risk analysis, has acquired Merritt Research Services, the premier source for municipal financial data. Merritt is a research and data provider focused on credit information related to municipal bonds.
buyer: Investortools
Investortools specializes in software solutions for credit analysis and portfolio management in the institutional marketplace. Serving over 200 premier companies and financial institutions, Investortools and its affiliates have offices in the U.S., Europe and Asia. "
target: Merritt Research Services, LLC
Merritt Research Services, LLC is an independent research and data provider focused primarily on credit information related to municipal bonds. Merritt's database provides and maintains the highest-quality set of comprehensive financial and supplemental data in the municipal finance industry.
price ($mm)
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announced 5/29/2019 via PR Newswire

Morningstar, Inc., will acquire DBRS Limited

synopsis: Morningstar, Inc., a leading provider of independent investment research, will be acquiring DBRS, the world's fourth-largest credit ratings agency. DBRS is an independent, privately held, globally recognized credit ratings agency.
buyer: Morningstar, Inc. (MORN:$1,244.10)
Morningstar, Inc. is a leading provider of independent investment research. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the private capital markets. "
target: DBRS Limited
DBRS is an independent, privately held, globally recognized credit ratings agency. DBRS’s approach and size provide the agility to respond to customers’ needs in their local markets, while being large enough to provide the necessary expertise and resources.
price ($mm)
$669
rev ($mm)
$167
EBITDA ($mm)
EV / rev
4.0x
EV / EBITDA
closed 8/12/2014 via BusinessWire

MSCI Inc., acquired GMI Ratings

synopsis: MSCI Inc., a leading provider of investment decision support tools worldwide, announced that it has completed the acquisition of GMI Ratings, a provider of corporate governance research and ratings on over 6,000 companies worldwide.
buyer: MSCI Inc. (MSCI:$1,476.56)
MSCI is a leading provider of investment decision support tools to around 6,200 clients worldwide, ranging from large pension plans to boutique hedge funds. They offer a range of products and services - including indices, portfolio risk and performance analytics, and governance tools. "
target: GMI Ratings
GMI Ratings is an independent provider of research and ratings on environmental, social, governance and accounting-related risks affecting the performance of public companies. They help investors assess the sustainable investment value of corporations.
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closed 7/22/2010 via Market Wire

The Corporate Library merged with GovernanceMetrics International,

synopsis: The Corporate Library and GovernanceMetrics International (GMI) announced they have merged, uniting two leading global corporate governance research and risk rating firms. This merger creates the world's leading independent firm dedicated to the development and sale of corporate governance risk ratings.
buyer parent: GovernanceMetrics International
buyer: GovernanceMetrics International
GovernanceMetrics International (GMI) is the largest independent provider of global corporate governance research, ratings and risk analysis. GMI provides in-depth coverage of 4,200 companies, including the complete MSCI World Index and extensive Emerging Market coverage. "
target parent: The Corporate Library
target: The Corporate Library
The Corporate Library has been the leading independent firm providing corporate governance research, advisory and risk analysis solutions. They rate companies on a proprietary set of governance risk factors, allowing businesses to evaluate governance as an element of investment and other risk.
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closed 2/4/2020 via PR Newswire

Cboe Global Markets, Inc., acquired Hanweck Associates, LLC

synopsis: Cboe Global Markets, Inc. has acquired Hanweck Associates, LLC, a real-time risk analytics company. Hanweck is expected to help Cboe clients better understand how their balance sheet is optimized through real-time margin calculations of non-linear instruments and analytics that optimize portfolio allocations and hedges.
buyer: Cboe Global Markets, Inc. (CBOE:$2,815.00)
Cboe is one of the world's largest exchange holding companies, offering cutting-edge trading and investment solutions to investors. The company is committed to defining markets and driving global marketplaces forward through product innovation, leading-edge technology and seamless trading solutions."
target: Hanweck Associates, LLC
Hanweck is the leading provider of real-time risk analytics on global derivatives market. The firm's data brings visibility and clarity to capital and balance sheet constraints of banks, broker/dealers, hedge funds, central counterparties, and exchanges.
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announced 7/27/2019 via Financial Times

London Stock Exchange Group, will acquire Refinitiv

synopsis: London Stock Exchange Group, a diversified international market infrastructure and capital markets business sitting at the heart of the world's financial community, will acquire Refinitiv, a company that provides information, insights and technology that drive innovation and performance in global financial markets.
buyer: London Stock Exchange Group (LSE:LSE:$3,186.38)
London Stock Exchange Group is a diversified international market infrastructure and capital markets business sitting at the heart of the world's financial community. The Group operates a broad range of international equity, bond and derivatives markets. "
target parent: Blackstone Group LP
target: Refinitiv
Refinitiv provides information, insights and technology that drive innovation and performance in global financial markets. Their heritage of integrity enables customers to make critical decisions with confidence while their best-in-class data and cutting-edge technologies enable greater opportunity.
price ($mm)
$27,000
rev ($mm)
EBITDA ($mm)
EV / rev
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closed 10/1/2018 via Company Press Release

Blackstone Group LP, acquired Thomson Reuters Financial & Risk

synopsis: Thomson Reuters announced that it has closed the sale of a 55% interest in the company's Financial & Risk business to private equity funds managed by Blackstone. The Financial & Risk business is now known as Refinitiv. The unit provides research and analysis tools to financial markets professionals.
buyer: Blackstone Group LP (BX:$4,580.23)
Blackstone is one of the world’s leading investment firms. They seek to create positive economic impact and long-term value for their investors, the companies they invest in, and the communities in which they work. Tactical Opportunities is Blackstone's opportunistic investment platform. "
target parent: Thomson Reuters
target: Thomson Reuters Financial & Risk
The acquisition includes the financial and risk division of Thomson Reuters. The unit provides research and analysis tools to financial markets professionals. Thomson Reuters is the world's leading source of news and information for professional markets.
price ($mm)
$11,000*
rev ($mm)
$6,112
EBITDA ($mm)
$1,916
EV / rev
3.3x
EV / EBITDA
10.4x
closed 5/22/2006 via BusinessWire

ID Insight, Inc., acquired Loss Control Technologies, Inc.

synopsis: Today ID Insight Inc, provider of analytics-based fraud detection solutions, has announced its acquisition of Loss Control Technologies Inc. (LCT), a Florida-based data provider.
buyer: ID Insight, Inc.
ID Insight Incorporated was founded in 2002 by recognized leaders in the risk and fraud industry. ID Insight is a specialized provider of innovative identity theft detection tools for the financial services industry. "
target: Loss Control Technologies, Inc.
Loss Control Technologies has been helping businesses in multiple industries protect themselves from fraud. Particularly in the banking and insurance markets, LCT provides its clients with data containing high-risk addresses and access points known to be predictive of fraudulent activity.
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closed 11/18/2015 via BNC Analysis

MergerMarket Group, acquired C6 Intelligence Information Systems Limited

synopsis: Mergermarket Group, a BC Partners portfolio company, announced that it has acquired C6 Intelligence. Headquartered in the UK, C6 is a provider of global risk intelligence and data. C6 is a trusted provider of intelligence in the field of customer due diligence covering know-your-client (KYC) checks and also has a unique fraud intelligence database.
buyer parent: BC Partners
buyer: MergerMarket Group
Mergermarket Group is a global media company providing investment banks, advisory professionals, fund managers, private equity firms, industry and corporate professionals with forward-looking intelligence, analysis and data. "
target: C6 Intelligence Information Systems Limited
C6 Intelligence provides actionable data that helps businesses all over the world manage risk. The company is a trusted provider of data and intelligence in the field of customer due diligence covering know-your-client (KYC) checks, ongoing monitoring, and enhanced due diligence (EDD).
price ($mm)
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announced 7/27/2017 via GlobeNewswire

Argus Information & Advisory Services, LLC, will acquire G2 Web Services, LLC.

synopsis: Verisk Analytics, Inc., a leading data analytics provider, has signed a definitive agreement to acquire G2 Web Services, an industry-leading provider of merchant risk intelligence solutions for acquirers, commercial banks, and other payment system providers. G2 Web Services will become part of Argus, a Verisk Analytics business.
buyer parent: Verisk Analytics, Inc.
buyer: Argus Information & Advisory Services, LLC
Argus is a one-of-a-kind leading provider of information, scoring solutions, and advisory services to financial institutions across the globe. Their client base ranges from financial institutions and their regulators to various companies across the media industry and beyond. "
target: G2 Web Services, LLC.
G2 Web Services is a leading global provider of merchant risk management solutions, including due diligence, compliance and fraud protection.
price ($mm)
$112
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/19/2016 via PR Newswire

Atradius N.V., acquired Graydon Holding N.V.

synopsis: Atradius N.V., a leading international credit insurance, surety and collections company announced its acquisition of 55% of the shares in Graydon Holding N.V., one of the world's leading business information providers. With this acquisition Atradius, which already owned a 45% stake in Graydon will become the sole shareholder.
buyer parent: Catalana Occidente
buyer: Atradius N.V.
Atradius provides trade credit insurance, surety and collections services worldwide through a strategic presence in 50 countries. Atradius has access to credit information on 200 million companies worldwide. "
target: Graydon Holding N.V.
Graydon provides business information solutions for Credit Management & Collections, Marketing Intelligence and Risk & Compliance. By converting data into innovative business insights, Graydon helps companies to identify commercial opportunities and reduce risks.
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closed 9/7/2011 via Company Press Release

Primus Capital Funds, acquired G2 Web Services, LLC.

synopsis: Primus Capital, a private equity firm that invests in high-growth companies within the business services, healthcare and education industries, announced the acquisition of G2 Web Services, LLC, the leading provider of merchant compliance monitoring and e-commerce risk management services to the payments industry.
buyer: Primus Capital Funds
Primus Capital is a private equity firm that invests in profitable growth companies in the lower middle market. Primus provides expansion capital and leads buyout and minority recapitalization transactions in the healthcare, business services, and for-profit education industries. "
target: G2 Web Services, LLC.
G2 Web Services is the leader in merchant compliance monitoring and e-commerce risk management. G2 works with acquiring banks, independent sales organizations, and other acquiring value chain members to identify, mitigate and monitor risk posed by their merchants’ online presences.
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closed 9/19/2008 via PR Newswire

LexisNexis, acquired ChoicePoint, Inc.

synopsis: Reed Elsevier announced that its acquisition of ChoicePoint Inc has been completed. On 21 February 2008, Reed Elsevier announced that it had reached agreement to acquire ChoicePoint for a total cost of $4.1 billion. On 16 September 2008 Reed Elsevier announced that the acquisition had received clearance from the US Federal Trade Commission.
buyer: LexisNexis
LexisNexis is a leading provider of information and services solutions, including its flagship Web-based Lexis(R) and Nexis(R) research services, to a wide range of professionals in the legal, risk management, corporate, government, law enforcement, accounting and academic markets. "
target: ChoicePoint, Inc.
ChoicePoint helps businesses, government agencies and nonprofit organizations make better decisions through information and technology solutions.
price ($mm)[EV]
$3,442 [$4,032]
rev ($mm)
$982
EBITDA ($mm)
$274
EV / rev
4.3x
EV / EBITDA
15.4x
closed 11/30/2009 via Market Wire

Thomson Reuters, acquired ASSET4 AG

synopsis: Thomson Reuters announced that it has acquired ASSET4 AG, a Swiss-based, leading provider of Environmental, Social Responsibility and Governance information and tools for professional investors and corporate executives. This deal represents a step forward in the integration of ESG data into mainstream financial analysis.
buyer: Thomson Reuters (TRI:$5,921.00)
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. Powered by the world's most trusted news organization, Thomson Reuters combine industry expertise with innovative technology to deliver critical information to leading decision makers. "
target: ASSET4 AG
ASSET4 has developed the world’s largest database of transparent, objective and auditable environmental, social and governance (ESG) information covering over 2,500 publicly listed companies worldwide.
price ($mm)
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closed 8/2/2007 via

RiskMetrics Group, Inc., acquired Center for Financial Research and Analysis

synopsis: RiskMetrics Group, the world's leading provider of financial risk management and corporate governance solutions, announced today that it has entered into a definitive agreement to acquire CFRA (Center for Financial Research & Analysis).
buyer parent: Spectrum Equity Investors
buyer: RiskMetrics Group, Inc.
RiskMetrics provides expertise to the financial community through a broad range of research, analytics, data and other products and services. Formerly a division of JP Morgan, RiskMetrics Group became an independent company in 1998. "
target: Center for Financial Research and Analysis
The Center for Financial Research & Analysis is a leading global independent research and educational organization, committed to providing quality of earnings research and training to the institutional investment, insurance, corporate, legal, and regulatory communities.
price ($mm)
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closed 6/10/2015 via BNC Analysis

Infonet Srl merged with Ribes S.p.A.,

synopsis: Ribes S.p.A., a company that provides business information to Italian banks, has merged with Infonet Srl, a company that provides information on the reliability of its economic counterparts in order to optimize protection from the credit risk of banks, companies and professionals.
buyer parent: Tecnoinvestimenti S.p.A
buyer: Ribes S.p.A.
Ribes S.p.A. provides business information to Italian banks. The company was founded in 1995 and is based in Milan, Italy. They assess the value of real estate collateral during the granting of a loan. "
target: Infonet Srl
Infonet is an innovative partner for over 15 years in the service sector of Business & Credit Information and provides information on the reliability of its economic counterparts in order to optimize protection from the credit risk of banks, companies and professionals.
price ($mm)
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closed 7/27/2020 via BNC Analysis

Paynet, acquired Ansonia

synopsis: Equifax, an American multinational consumer credit reporting agency has announced that the company has increased its leadership in commercial credit data solutions by acquiring Ansonia, a leading provider of business credit, collections, and account receivable (AR) data. Ansonia will be integrated into PayNet, an Equifax company.
buyer parent: Equifax, Inc.
buyer: Paynet
PayNet, an Equifax company, is the leading provider of credit ratings on small businesses enabling lenders to manage credit risk, grow earning assets and operate credit processes at a lower cost. "
target: Ansonia
Ansonia Credit Data (Ansonia) is a leading provider of business credit, collections, and account receivable (AR) data used by financial institutions and other creditors and businesses in the transportation and logistics industries.
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closed 6/14/2018 via BusinessWire

Falfurrias Capital, acquired Tax Guard

synopsis: Falfurrias Capital Partners, a Charlotte-based private equity investment firm, has acquired Tax Guard, the leading provider of proprietary data and services that help lenders accurately assess tax-related credit risk associated with potential borrowers.
buyer: Falfurrias Capital
Falfurrias Capital Partners is a Charlotte-based private equity investment firm. The firm is focused on acquiring or investing in a diverse portfolio of growth-oriented middle-market companies. "
target: Tax Guard
Headquartered in Boulder, Colorado, Tax Guard is the leading provider of proprietary data and services that help lenders accurately assess tax-related credit risk associated with potential borrowers.
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announced 6/30/2016 via Company Press Release

Scope Ratings, will acquire FERI EuroRating Services AG

synopsis: Scope Corporation AG, Europe’s leading provider of independent ratings, research and risk analysis, will acquire FERI EuroRating Services AG, one of the leading European rating agencies specialized in investment market and product ratings.
buyer: Scope Ratings
Scope Ratings specializes in the ratings of companies, financial institutions, structured finance and alternative investment funds. Scope is an ESMA-accredited rating agency (CRA) operating in the European Union with ECAI status. "
target: FERI EuroRating Services AG
FERI EuroRating Services AG is one of the leading European rating agencies specialized in investment market and product ratings. Its mission is to create market transparency and to offer investment ratings that provide decision-making guidance to retail and institutional investors.
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closed 11/15/2017 via GlobeNewswire

TransUnion LLC, acquired FactorTrust

synopsis: TransUnion announced the acquisition of FactorTrust, a provider of alternative credit data, analytics and risk scoring information that empowers lenders to make more informed decisions, and increases financial inclusion to a wider population of consumers.
buyer: TransUnion LLC (TRU:$2,696.90)
Transunion helps uncover unique stories, trends and insights behind each data point, using historical information as well as alternative data sources. This allows a variety of markets and businesses to better manage risk and consumers to better manage their credit, personal information and identity."
target: FactorTrust
Since 2006, FactorTrust has provided the alternative credit data, analytics and risk scoring information that lenders need to make informed decisions about the consumers they want.
price ($mm)
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closed 11/18/2019 via BusinessWire

Investortools, acquired Merritt Research Services, LLC

synopsis: Investortools, a provider of software-based solutions for fixed-income portfolio management, trading, compliance, credit analysis, and benchmark risk analysis, has acquired Merritt Research Services, the premier source for municipal financial data. Merritt is a research and data provider focused on credit information related to municipal bonds.
buyer: Investortools
Investortools specializes in software solutions for credit analysis and portfolio management in the institutional marketplace. Serving over 200 premier companies and financial institutions, Investortools and its affiliates have offices in the U.S., Europe and Asia. "
target: Merritt Research Services, LLC
Merritt Research Services, LLC is an independent research and data provider focused primarily on credit information related to municipal bonds. Merritt's database provides and maintains the highest-quality set of comprehensive financial and supplemental data in the municipal finance industry.
price ($mm)
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closed 11/18/2019 via BusinessWire

Investortools, acquired Merritt Research Services, LLC

synopsis: Investortools, a provider of software-based solutions for fixed-income portfolio management, trading, compliance, credit analysis, and benchmark risk analysis, has acquired Merritt Research Services, the premier source for municipal financial data. Merritt is a research and data provider focused on credit information related to municipal bonds.
buyer: Investortools
Investortools specializes in software solutions for credit analysis and portfolio management in the institutional marketplace. Serving over 200 premier companies and financial institutions, Investortools and its affiliates have offices in the U.S., Europe and Asia. "
target: Merritt Research Services, LLC
Merritt Research Services, LLC is an independent research and data provider focused primarily on credit information related to municipal bonds. Merritt's database provides and maintains the highest-quality set of comprehensive financial and supplemental data in the municipal finance industry.
price ($mm)
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closed 9/23/2019 via BusinessWire

Black Mountain Systems, LLC, acquired AltaReturn

synopsis: AltaReturn, a leading provider of cloud-based, end-to-end technology solutions for the private capital and family office markets, has been acquired by Vista Equity Partners. As part of the acquisition, AltaReturn will be combined with current Vista portfolio company Black Mountain Systems, to form a new entity to be named Allvue Systems
buyer parent: Vista Equity Partners
buyer: Black Mountain Systems, LLC
Black Mountain is a software company that offers highly configurable solutions including portfolio management, trade order management, compliance, research management, investment accounting, customer relationship management, investor reporting, enterprise data management and data warehousing. "
target: AltaReturn
Founded in 2008 and based in Miami, AltaReturn provides software solutions for the private equity, venture capital, real estate, fund-of-funds and family office markets. They offer software for Fund Accounting, Portfolio Management, Business Intelligence, CRM, Investor Portal and Reporting.
price ($mm)
$500
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/29/2019 via Company Press Release

Dynamo Software, acquired Preqin Solutions Ltd

synopsis: Dynamo Software, the premier provider of comprehensive cloud software and data solutions for the alternative investment industry, has acquired Preqin Solutions, formerly Baxon Solutions. Based in London, Preqin Solutions provides cloud-based software for private equity portfolio monitoring.
buyer parent: Francisco Partners Management LLC
buyer: Dynamo Software
Dynamo Software has provided premium industry-specific, configurable investment management and reporting software for the global alternative assets industry since 1998, including fund administrators, endowments, pension funds, foundations, private equity and more. "
target parent: Preqin
target: Preqin Solutions Ltd
Preqin Solutions, formerly Baxon Solutions, is the lead innovator in cloud solutions for the private equity industry. Preqin Solutions delivers simple functionality to enhance the quality of data and the decision-making tools available to portfolio companies and asset owners.
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closed 11/9/2016 via PR Web

Preqin, acquired Baxon

synopsis: Preqin, the leading source of information for the alternative assets industry, has announced its acquisition of Baxon Solutions. Baxon delivers market leading cloud collaboration software for monitoring, analyzing, managing and reporting portfolio companies' performance.
buyer: Preqin
Preqin is the leading source of information for the alternative assets industry, providing data and analysis via online databases, publications and bespoke data requests. "
target: Baxon
Baxon delivers market leading cloud collaboration software for monitoring, analyzing, managing and reporting portfolio companies' performance by automating the compilation and dynamic exchange of portfolio company information.
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closed 5/18/2016 via BusinessWire

RealPage, Inc., acquired AssetEye, Inc.

synopsis: RealPage, Inc., a leading provider of on-demand software and software-enabled services for the multifamily, commercial, single-family and vacation rental housing industries, has acquired AssetEye, Inc. AssetEye® is a leading data aggregation, reporting and collaboration platform for institutions holding multiple real estate asset classes.
buyer: RealPage, Inc. (RP:$1,072.25)
RealPage, Inc. is a leading provider of comprehensive property management software solutions for the multifamily, commercial, single-family and vacation rental housing industries. These solutions help property owners increase efficiency, decrease expenses and generate more revenue. "
target: AssetEye, Inc.
AssetEye software provides asset and portfolio managers with a solution to evaluate performance, trends and operations across a portfolio with transparency into property-level data. The AssetEye platform includes data aggregation services that accept files from a variety of sources.
price ($mm)[EV]
$4.80 [$4.00]
rev ($mm)
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closed 2/4/2020 via PR Newswire

Cboe Global Markets, Inc., acquired FT Options, LLC

synopsis: Cboe Global Markets, Inc., one of the largest exchange holding companies, has acquired FT Options, a portfolio management platform provider. FT Options services will provide Cboe clients with tools designed to better manage risk, receive clarity on FLEX and OTC valuations, find market dislocations easier, and help generate alpha opportunities.
buyer: Cboe Global Markets, Inc. (CBOE:$2,815.00)
Cboe is one of the world's largest exchange holding companies, offering cutting-edge trading and investment solutions to investors. The company is committed to defining markets and driving global marketplaces forward through product innovation, leading-edge technology and seamless trading solutions."
target: FT Options, LLC
FT Options is a portfolio management platform provider. The company offers a suite of customizable and automated applications that provide research and analytics functionality across options, futures, and light exotics for proprietary trading firms, hedge funds, and separately managed accounts.
price ($mm)
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announced 5/23/2019 via BusinessWire

Refinitiv, will acquire AlphaDesk

synopsis: Refinitiv will acquire AlphaDesk, a cloud-based Order Management System (OMS) that offers order and portfolio management, risk, and compliance solutions for buy-side clients. AlphaDesk adds a multi-asset class and multi-currency OMS platform with flexible workflows, adaptable to the differing needs of individual buy-side traders and asset managers.
buyer parent: Blackstone Group LP
buyer: Refinitiv
Refinitiv is a provider of financial market data and infrastructure. It provides leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community. "
target parent: SGGG Fund Services Inc.
target: AlphaDesk
Toronto, Canada based AlphaDesk delivers real-time order, portfolio, and operations management tools to fund managers. The managed cloud service supports multiple portfolios, strategies, asset types, currencies and custodians in a single, integrated solution.
price ($mm)
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closed 5/24/2017 via BNC Analysis

MergerMarket Group, acquired TIM Group

synopsis: Mergermarket Group, a BC Partners portfolio company, announced that it has acquired TIM Group. Established in 2002 and headquartered in London, TIM Group specialises in the electronic delivery of equity trade ideas and investment recommendations through its independent distribution platform.
buyer parent: BC Partners
buyer: MergerMarket Group
Mergermarket Group is a global media company providing investment banks, advisory professionals, fund managers, private equity firms, industry and corporate professionals with forward-looking intelligence, analysis and data. "
target: TIM Group
TIM Group connects financial industry professionals with its proprietary network and technology, revolutionizing how investment advice is distributed, analysed and monetized. TIM Group network analyses and measures trade idea performance, facilitating compliance in line with MiFID II requirements.
price ($mm)
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closed 11/22/2006 via BusinessWire

SunGard Data Systems Inc., acquired Integrated Business Systems, Inc

synopsis: SunGard has acquired Integrated Business Systems, Inc. a Melville, NY-based provider of software solutions and related services to hedge funds. IBSI’s primary product offering, Visual Portfolio Manager, is a leading portfolio accounting solution used by more than 50 hedge fund managers and processing more than $135 billion in assets.
buyer: SunGard Data Systems Inc.
SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. "
target: Integrated Business Systems, Inc
Integrated Business Systems, Inc. focuses solely on the needs of hedge funds. Through the Visual Portfolio Manager product, the firm offers a comprehensive, fully integrated solution including portfolio management, trade support, portfolio accounting, and investor reporting.
price ($mm)
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announced 7/30/2018 via BusinessWire

InvestorForce will be merged with Investment Metrics, LLC,

synopsis: Resurgens Technology Partners has entered into a definitive agreement to acquire InvestorForce from MSCI Inc., and will merge it with its portfolio company, Investment Metrics. InvestorForce is a premier provider of performance reporting solutions to the institutional investment community.
buyer parent: Resurgens Technology Partners
buyer: Investment Metrics, LLC
Investment Metrics is a leading provider of investment performance analytics and reporting solutions for institutional investment consultants, asset managers and private wealth advisors. "
target parent: MSCI Inc.
target: InvestorForce
InvestorForce is a premier provider of performance reporting solutions to the institutional investment community, providing investment consultants with an integrated solution for daily monitoring, analysis and reporting on institutional assets.
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closed 1/30/2013 via BusinessWire

MSCI Inc., acquired InvestorForce

synopsis: MSCI Inc. announced that it has completed its acquisition of Investor Force Holdings, Inc. InvestorForce is a leading provider of performance reporting solutions to the institutional investment community in the US, providing investment consultants with an integrated solution for daily monitoring, analysis and reporting on institutional assets.
buyer: MSCI Inc. (MSCI:$1,476.56)
MSCI Inc. is a leading provider of investment decision support tools to investors globally, including asset managers, banks, hedge funds and pension funds. MSCI products and services include indices, portfolio risk and performance analytics, and governance tools. "
target parent: ICG Group, Inc.
target: InvestorForce
Investor Force, Inc. is a financial software company that has been a pioneer in the development of advanced solutions for institutional investment consultants. Their technology leverages automated data collection to provide clients with real time insight, transparency and deep analysis.
price ($mm)
$24
rev ($mm)
EBITDA ($mm)
EV / rev
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closed 10/3/2019 via GlobeNewswire

Hazeltree, acquired ENSO Financial Analytics

synopsis: Hazeltree, the leading provider of integrated treasury management and portfolio finance solutions, announced today that it has acquired ENSO Financial Analytics (ENSO), a leading provider of portfolio analytics for hedge funds and prime brokers, previously owned by CME Group Inc.
buyer: Hazeltree
Hazeltree is the leading Treasury Management solution provider with powerful, proactive performance enhancement and risk mitigation capabilities that generate operational alpha, reduce a range of risks and streamline operations. "
target parent: CME Group
target: ENSO Financial Analytics
ENSO Financial Analytics (ENSO) is a leading hedge fund service provider offering clients the ability to use critical business insights to become more competitive while strengthening their broker relationships. ENSO captures data on more than $1 trillion in hedge fund assets under advisory.
price ($mm)
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closed 4/14/2016 via BusinessWire

ICAP Plc, acquired ENSO Financial Analytics

synopsis: ICAP plc, a leading markets operator and provider of post trade risk mitigation and information services, announces that it has acquired ENSO Financial Analytics (ENSO), a leading provider of a data analytics platform for hedge funds and prime brokers.
buyer: ICAP Plc (LSE:IAP:$555.68)
ICAP is a leading markets operator and provider of post trade risk mitigation and information services. As a leading markets operator ICAP provides a wide variety of electronic execution, risk mitigation, messaging, broking and information services for wholesale market participants. "
target: ENSO Financial Analytics
ENSO Financial Analytics (ENSO) is a leading hedge fund service provider offering clients the ability to use critical business insights to become more competitive while strengthening their broker relationships. Their intuitive, data-driven tools enhances risk and operational transparency.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/16/2020 via BusinessWire

BitGo, acquired Lumina Technologies, Inc.

synopsis: BitGo, the leader in digital asset financial services, announced that it acquired Lumina, a comprehensive crypto-native financial platform. Lumina is trusted by leading investment funds, enterprises, and professionals who demand an institutional-grade solution.
buyer: BitGo
BitGo is the leader in digital asset financial services, providing institutional investors with security, custody, and liquidity solutions. BitGo processes over 20% of all global bitcoin transactions, and supports over 200 coins and tokens. "
target: Lumina Technologies, Inc.
Lumina is a comprehensive crypto-native financial platform. Lumina is trusted by leading investment funds, enterprises, and professionals who demand an institutional-grade solution. Their platform offers solutions for portfolio management, accounting and tax, pricing and transaction APIs, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/20/2019 via PR Newswire

Broadridge Financial Solutions, Inc., acquired ClearStructure Financial Technology

synopsis: Broadridge Financial Solutions, Inc., a global Fintech leader, has acquired ClearStructure Financial Technology, a global provider of portfolio management solutions for the private debt markets. ClearStructure's Sentry solution offers managers broad front-to-back-office functionality on a single platform across many asset types.
buyer: Broadridge Financial Solutions, Inc. (BR:$4,338.00)
Broadridge Financial Solutions is a leading provider of investor communications and technology-driven solutions to banks, broker-dealers, asset and wealth managers and corporate issuers. Broadridge provides an important infrastructure that powers the financial services industry. "
target: ClearStructure Financial Technology
ClearStructure Financial Technology is a global provider of portfolio management solutions for the private debt markets. ClearStructure's Sentry solution offers managers broad front-to-back-office functionality on a single platform across many asset types.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/10/2018 via BNC Analysis

NeoXam, acquired 100M

synopsis: NeoXam, a global financial software company, has acquired 100M, a French provider of reporting solutions to the finance industry. 100M's solution allows users to monitor their portfolio, manage fund reporting for any asset class and generate customized client reports.
buyer parent: Cathay Capital Private Equity
buyer: NeoXam
NeoXam is a global financial software company that deliver reliable and scalable solutions, processing more than $15 trillion worth of assets per day and serving over 10,000 users. NeoXam helps buy- and sell-side clients address the continuous changes in the financial industry. "
target: 100M
100M is a French provider of reporting solutions to the finance industry. Their solution simplifies reporting, digitizes portfolio monitoring and improves client service. 100M allows users to monitor their portfolio, manage fund reporting for any asset class and generate customized client reports.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/2/2017 via PE Hub

Dynamo Software, acquired HoldingsInsight

synopsis: Dynamo Software, the premier provider of configurable, cloud-based investment management software for the alternative asset investment industry, announced that it has acquired HoldingsInsight, a portfolio investments data capture and reporting service.
buyer parent: Francisco Partners Management LLC
buyer: Dynamo Software
Dynamo Software has provided premium industry-specific, configurable investment management and reporting software for the global alternative assets industry since 1998, including fund administrators, endowments, pension funds, foundations, private equity and more. "
target: HoldingsInsight
HoldingsInsight is a portfolio investments data capture and reporting service founded in 2016, focusing on providing limited partners with better transparency into their portfolio, resulting in better risk management and superior investment decisions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/18/2017 via PE Hub

Francisco Partners Management LLC, acquired Dynamo Software

synopsis: Dynamo Software, the premier provider of configurable, cloud-based investment management software for the alternative asset investment industry, announced a majority investment from Francisco Partners, a global, technology-focused private equity firm.
buyer: Francisco Partners Management LLC
Francisco Partners is a leading global private equity firm, which specializes in investments in technology businesses. Since its launch over 17 years ago, Francisco Partners has raised over $10 billion in capital and invested in over 200 technology companies. "
target: Dynamo Software
Dynamo Software has provided premium industry-specific, configurable investment management and reporting software for the global alternative assets industry since 1998, including fund administrators, endowments, pension funds, foundations, private equity and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/10/2017 via PR Newswire

Algomi, will purchase ALFA Fixed Income Liquidity and Analytics Tool from AllianceBernstein L.P.

synopsis: Algomi, the network company providing information-matching solutions for the optimization of fixed income liquidity, announced that the company will acquire and distribute the award-winning ALFA product created & developed by AllianceBernstein (AB). ALFA (Automated Liquidity Filtering & Analytics) was developed as an in-house liquidity tool by AB.
buyer: Algomi
Algomi empowers fixed income professionals to make better trading relationships in the ever-changing landscape of capital, leverage and liquidity requirements. Their Honeycomb software suite increases the opportunities and velocity in large and illiquid trades between banks and buy side investors. "
seller parent: AXA Group
seller: AllianceBernstein L.P. (AB:$228.88)
ALFA (Automated Liquidity Filtering & Analytics) provides cross-market information on liquidity and trade intent in order to give the buy-side a real-time view of the entire bond market including government bonds, investment grade, high yield, emerging market, municipal debt, and structured credit.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/31/2016 via PR Newswire

Morningstar, Inc., acquired InvestSoft Technology, Inc.

synopsis: Morningstar, Inc., a leading provider of independent investment research, has acquired InvestSoft Technology, a provider of fixed-income analytics. InvestSoft helps investment firms analyze fixed-income securities and portfolios, primarily through its BondPro Fixed-Income Calculation Engine.
buyer: Morningstar, Inc. (MORN:$1,244.10)
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. "
target: InvestSoft Technology, Inc.
InvestSoft Technology provides software solutions for investment firms designed to streamline workflow, reduce risk and harness the value of the data throughout an organization. They are a leader in the development and implementation of Trading, Portfolio Management, and Accounting Solutions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/1/2016 via Yahoo, Inc.

BISAM, acquired FinAnalytica

synopsis: BISAM, the leading provider of sophisticated digital solutions for performance, attribution, GIPS compliance and reporting, announced that it has acquired FinAnalytica, a multi-asset class solution for market risk, portfolio construction and investment decision analytics for the buy-side.
buyer parent: Aquiline Capital Partners
buyer: BISAM
BISAM, formerly BI-SAM, is the leading provider of sophisticated digital solutions for performance, attribution, GIPS composites management, reporting, and now: market risk and portfolio construction. "
target parent: NEVEQ Capital Partners
target: FinAnalytica
FinAnalytica's Cognity platform is a unique, comprehensive, multi-asset class solution for market risk, portfolio construction and investment decision analytics.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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Geography
Matching Companies
Ticker: MCO
 
 
 
 
 
 
 
 
Moody's Corporation
Moody's Corporation
Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets.
year
2020
rev ($mm)
$5,198.00
EBITDA ($mm)
$2,567.00
EBIT ($mm)
$2,362.00
Net Income ($mm)
$1,736.00
Employees
11279
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Ticker: NasdaqGM:COGT
 
 
 
 
 
 
 
 
Cogint, Inc.
Cogint, Inc.
Cogint is a data and analytics company providing cloud-based, mission-critical information and performance marketing solutions to enterprises in a variety of industries. They transform data into intelligence utilizing their proprietary technology platforms to solve complex problems for clients.
year
2017
rev ($mm)
$210.16
EBITDA ($mm)
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EBIT ($mm)
($28.45)
Net Income ($mm)
Employees
200
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Ticker: OTCPK:INVU
 
 
 
 
 
 
 
 
Investview, Inc
Investview, Inc
Investview, Inc. is a New Jersey-based diversified financial technology organization. The Company operates primarily through its wholly- and majority-owned subsidiaries, to provide financial products and services to accredited investors, self-directed investors and select financial institutions.
year
2018
rev ($mm)
$17.92
EBITDA ($mm)
($10.67)
EBIT ($mm)
($10.68)
Net Income ($mm)
Employees
24
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Ticker: ASX:REV
 
 
 
 
 
 
 
 
Real Estate Investar
Real Estate Investar
Real Estate Investar is an Australian provider of products and services for property investors. Real Estate Investar helps people to find, analyse and track investment properties. Their platform provides users with all the tools, data and information they need to invest in property successfully.
year
2019
rev ($mm)
$0.59
EBITDA ($mm)
($0.38)
EBIT ($mm)
($0.63)
Net Income ($mm)
Employees
0
  • drill down
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Ticker: MKTX
 
 
 
 
 
 
 
 
MarketAxess Holdings, Inc.
MarketAxess Holdings, Inc.
MarketAxess operates a leading, institutional electronic trading platform delivering expanded liquidity opportunities, improved execution quality and significant cost savings across global fixed-income markets.
year
2020
rev ($mm)
$615.14
EBITDA ($mm)
$350.02
EBIT ($mm)
$321.32
Net Income ($mm)
$262.94
Employees
527
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Ticker: ASX:PPS
 
 
 
 
 
 
 
 
Praemium
Praemium
Preaemium is a specialist in the provision of portfolio administration services. Using leading edge technology to deliver cost-effective investment administration services, Præmium provides services to some of Australia’s leading financial institutions.
year
2014
rev ($mm)
$15.31
EBITDA ($mm)
$0.88
EBIT ($mm)
$0.60
Net Income ($mm)
Employees
85
  • drill down
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Ticker: TSE:3491
 
 
 
 
 
 
 
 
GA technologies Co., Ltd
GA technologies Co., Ltd
GA technologies is a Japanese developer of real estate mobile apps and websites. Their Renosy app allows users to search for apartments and condos in Japan. Their Renosy Insight app allows real estate investors to manage their portfolio, simulate purchases and sales, manage contracts and more.
year
2020
rev ($mm)
$438.74
EBITDA ($mm)
$17.91
EBIT ($mm)
$11.95
Net Income ($mm)
$4.45
Employees
347
  • drill down
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Ticker: CPSE:SIM
 
 
 
 
 
 
 
 
SimCorp A/S
SimCorp A/S
SimCorp provides investment and portfolio management software and services to the world’s leading investment managers, asset managers, fund managers, fund administrators, pension funds, insurance funds, and wealth managers.
year
2019
rev ($mm)
$444.13
EBITDA ($mm)
$126.41
EBIT ($mm)
$120.40
Net Income ($mm)
$90.84
Employees
1682
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Ticker: LSE:MCGN
 
 
 
 
 
 
 
 
Microgen Plc
Microgen Plc
Microgen Plc develops, implements and supports business-critical software. They solve problems involving data-intensive processes, automation of complex business processes, application of new business logic to existing systems, and enabling financial transactions across product and finance systems.
year
2018
rev ($mm)
$89.10
EBITDA ($mm)
$21.34
EBIT ($mm)
$17.37
Net Income ($mm)
$17.49
Employees
405
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Ticker: BLK
 
 
 
 
 
 
 
 
BlackRock, Inc.
BlackRock, Inc.
BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. They help clients around the world meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares®, and more.
year
2019
rev ($mm)
$13,880.00
EBITDA ($mm)
$5,602.00
EBIT ($mm)
$5,300.00
Net Income ($mm)
$4,199.00
Employees
0
  • drill down
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Ticker: AIM:FDP
 
 
 
 
 
 
 
 
First Derivatives plc
First Derivatives plc
First Derivatives (FD) is a global technology provider with nearly 20 years of experience of working with some of the world’s largest finance, technology and energy institutions.
year
2017
rev ($mm)
$222.71
EBITDA ($mm)
$27.38
EBIT ($mm)
$21.19
Net Income ($mm)
$11.43
Employees
2000
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Ticker:
 
 
 
 
 
 
 
 
Infront AS
Infront provides electronic trading solutions and real-time market data, news, and analytics covering financial key markets in all asset classes. Infront’s terminal, mobile apps and versatile electronic trading solutions connect professional users to their local and international markets.
year
2020
rev ($mm)
$134.41
EBITDA ($mm)
$25.22
EBIT ($mm)
$12.02
Net Income ($mm)
Employees
508
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Ticker: BIT:CAD
 
 
 
 
 
 
 
 
CAD IT S.p.A.
CAD IT S.p.A.
CAD IT is a dynamic Italian technology company with a leading position in financial services software. Area Finanza, their flagship product, is a securities trading and post-trading process management system. CAD IT customers includes Banks, Insurances, Funds, Brokers, Enterprises, and more.
year
2018
rev ($mm)
$74.33
EBITDA ($mm)
$14.44
EBIT ($mm)
$7.75
Net Income ($mm)
$4.94
Employees
590
  • drill down
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Ticker: BIT:TAS
 
 
 
 
 
 
 
 
TAS Group S.p.A
TAS Group S.p.A
TAS S.p.A. a leading company in Italy in the supply of software and services for banking and financial applications, with a presence in Europe, the US and Latin America. TAS is specialised in software solutions for electronic money, payment systems, capital markets and Extended Enterprise.
year
2020
rev ($mm)
$63.47
EBITDA ($mm)
$6.90
EBIT ($mm)
$7.21
Net Income ($mm)
$6.01
Employees
415
  • drill down
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Ticker: SEHK:8018
 
 
 
 
 
 
 
 
Finsoft Financial Investment Holdings Limited
Finsoft Financial Investment Holdings is principally engaged in the provision of financial trading software solutions, provision of other internet financial platforms, provision of referral services, money lending business, securities investments and provision of corporate finance advisory services.
year
2015
rev ($mm)
$7.26
EBITDA ($mm)
$1.91
EBIT ($mm)
$1.77
Net Income ($mm)
$1.16
Employees
64
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Ticker: INIX.PK
 
 
 
 
 
 
 
 
iFinix Corporation
iFinix Corporation
Ifinix is a leading global provider of financial and business information to professionals and active individual investors. Building on a 20-year legacy of delivering time-sensitive financial information, Ifinix provides streaming, real-time market data, news and analytics.
year
2011
rev ($mm)
$0.54
EBITDA ($mm)
($0.26)
EBIT ($mm)
($0.27)
Net Income ($mm)
Employees
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Ticker: OTCPK:APTY
 
 
 
 
 
 
 
 
APT Systems, Inc.
APT is an acronym for Applied Proprietary Trading. The Management of APT Systems, Inc. works to deliver stock trading tools with a focus on handheld devices.
year
2018
rev ($mm)
$0.01
EBITDA ($mm)
($1.69)
EBIT ($mm)
($1.72)
Net Income ($mm)
Employees
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