Like Bellin Treasury Services Ltd

closed 6/12/2020 via BNC Analysis

Coupa Software, acquired Bellin Treasury Services Ltd

See 151 Comparable Transactions
synopsis: Coupa Software, a leader in Business Spend Management (BSM), announced that it has acquired BELLIN Group, a leading provider of treasury management software (TMS). With a long history in treasury, BELLIN's cloud-based TMS platform improves visibility and control over cash and optimizes treasury processes.
buyer: Coupa Software (COUP:$427.59)
Coupa Software is the cloud platform for business spend management. They deliver “Value as a Service” by helping customers maximize their spend under management and drive profitability. Coupa provides a unified, cloud-based spend management platform that connects hundreds of organizations. "
 target: Bellin Treasury Services Ltd
BELLIN Group is a leading provider of treasury management software (TMS). With a long history in treasury, BELLIN's cloud-based TMS platform improves visibility and control over cash and optimizes treasury processes.
price ($mm)
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closed 1/19/2011 via BusinessWire

Reval, acquired ecofinance Finanzsoftware & Consulting GmbH

See 151 Comparable Transactions
synopsis: Reval, the premier provider of a single-version Software-as-a-Service (SaaS) solution for corporate financial risk management, announced that it has acquired ecofinance, the leading treasury management system provider. The acquisition strengthens Reval’s commitment to developing quality solutions for the global community of corporate treasurers.
buyer: Reval
Reval provides an award-winning Web-based platform that automates corporate financial risk management for a wide range of interest rate, foreign exchange, commodity and credit derivatives. "
 target: ecofinance Finanzsoftware & Consulting GmbH
ecofinance is one of the leading software providers in international treasury management. In its role as a professional and reliable partner to global groups, the company has been offering its Integrated Treasury System ITS since 1984.
price ($mm)
$18
rev ($mm)
$3
EBITDA ($mm)
EV / rev
5.8x
EV / EBITDA
announced 1/10/2011 via BusinessWire

Wall Street Systems, will acquire Treasura

See 152 Comparable Transactions
synopsis: Wall Street Systems has announced that it has signed an agreement to acquire the assets of Thomson Reuters Corporate Treasury Manager (a.k.a. “Treasura”), a leading Software-as-a-Service (SaaS) provider of cash and liquidity management services to corporations in North America.
buyer parent: Warburg Pincus
buyer: Wall Street Systems
Wall Street Systems provides functionally rich, integrated and scalable solutions for improved workflow, control and overall productivity for corporate treasury, central banking, FX trading and global back office operations. "
 target parent: Thomson Reuters
target: Treasura
As the market-leading web-based solution, Treasura supports treasury teams around the world. Fully SAS70 certified, Treasura streamlines clients' internal processes, improves financial controls, and helps them make more effective decisions around financing, working capital and hedging.
price ($mm)
rev ($mm)
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closed 8/26/2009 via BusinessWire

Reval, acquired FXpress Corporation

See 152 Comparable Transactions
synopsis: Reval announced that it has acquired FXpress Corporation, a leading treasury software provider to the Fortune 1000. The acquisition solidifies Reval’s position as the leader in global derivative risk management and hedge accounting software solutions and services.
buyer: Reval
Reval® provides financial and accounting professionals with an award-winning Web-based platform that supports derivative risk management. This Software-as-a-Service addresses the need for derivatives to comply with international regulations. "
 target: FXpress Corporation
FXpress Corporation simplifies and automates core treasury processes. FIRST™ treasury software, the company’s product offering, enables the management of cash, exposures, derivatives and hedge accounting for FASB and IAS compliance via Software-as-a-Service deployment.
price ($mm)
rev ($mm)
EBITDA ($mm)
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EV / EBITDA
closed 5/2/2016 via BusinessWire

Trintech Group Plc, acquired Chesapeake System Solutions, Inc.

See 411 Comparable Transactions
synopsis: Trintech, a leading provider of integrated Record-to-Report software solutions for the office of finance, announced it has acquired Chesapeake System Solutions. The company is a leading provider of financial transaction account reconciliation and treasury solutions.
buyer parent: Spectrum Equity
buyer: Trintech Group Plc (TTPA:$33.95)
Trintech is a leading provider of financial software solutions for the Record-to-Report process. Over 900 clients in 100 countries rely on their solutions to optimize resources, reduce costs, manage risk and monitor activities across the entire finance organization worldwide. "
 target: Chesapeake System Solutions, Inc.
Chesapeake System Solutions provides financial close, transaction matching, cash management, and treasury solutions for the retail, banking, financial services, and insurance industries.
price ($mm)
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closed 11/1/2016 via BusinessWire

ION Trading, acquired Reval

See 353 Comparable Transactions
synopsis: ION Investment Group announced that it completed its acquisition of Reval, a global provider of cloud-based solutions for treasury and risk management. Financial terms were not disclosedION provides mission-critical trading and workflow automation software solutions to financial institutions, central banks, governments and corporates.
buyer parent: TA Associates
buyer: ION Trading
ION is a global market leader providing real-time solutions across multiple asset classes for electronic trading, position management, pricing, risk management and downstream processing to clients which range from global financial institutions to niche financial specialists. "
 target: Reval
Reval is the leading, global provider of a scalable cloud platform for treasury and risk management. Their Software-as-a-Service (SaaS) solutions help corporates and banks around the world better manage cash and liquidity, financial risk and hedge accounting.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/28/2019 via Company Press Release

Bridgepoint, will acquire Kyriba Corporation

See 100 Comparable Transactions
synopsis: Private-equity firm Bridgepoint has agreed to take majority control of Kyriba Corp., a venture-backed provider of treasury-management software for corporate finance executives. Kyriba’s approach to cash management enables confidence in cash visibility and empowers CFOs to make strategic investment decisions.
buyer: Bridgepoint
Bridgepoint is an international private equity group focused on acquiring middle market companies in attractive markets with the potential to grow organically or through acquisition. it focuses on acquiring well managed companies in sectors with the potential to grow through acquisition. "
 target: Kyriba Corporation
Kyriba is the global leader in cloud treasury solutions, delivering award winning cash management technology to CFOs, Treasurers, and Financial Professionals. Kyriba’s approach to cash management enables confidence in cash visibility and empowers CFOs to make strategic investment decisions.
price ($mm)
$160*
rev ($mm)
$110
EBITDA ($mm)
EV / rev
10.9x
EV / EBITDA
closed 2/19/2004 via PR Newswire

Computershare Limited, acquired Transcentive, Inc.

See 2112 Comparable Transactions
synopsis: Transcentive, Inc., the leading provider of technology and services for stock plan management and financial reporting, announced today that it has been acquired by Computershare Limited, an Australian financial services and technology provider.
buyer: Computershare Limited (ASX:CPU:$2,346.26)
Computershare is a global leader in share registration, employee equity plans, proxy solicitation and other specialised financial and communication services. Our innovative solutions maximise the value of relationships with investors, employees, customers and members. "
 target: Transcentive, Inc.
When Transcentive, Inc. was founded in 1979 (as Corporate Management Solutions), we pioneered the industry by introducing the first stock option software application to manage employee equity plans. Today, Transcentive is much more than a software developer. We provide management solutions to nearl
price ($mm)
$24
rev ($mm)
$19
EBITDA ($mm)
EV / rev
1.3x
EV / EBITDA
closed 3/3/2015 via PR Newswire

Auction.com, acquired Channel Companes

See 75 Comparable Transactions
synopsis: Auction.com, LLC, the nation's leading online real estate marketplace, announced its cash and stock acquisition of Channel, LLC, a Newport Beach, Calif.-based real estate technology solutions provider that offers a leading-edge real estate transaction platform with a proven ability to engage residential brokers and consumers.
buyer: Auction.com
Auction.com, LLC, is the nation's leading online real estate marketplace. Founded in 2007, the company has sold over $29 billion in residential and commercial real estate assets. "
 target: Channel Companes
Channel is focused on developing high quality software products. Channel's platform enables real estate investment firms, financial institutions, asset management companies, and other service providers to efficiently manage and liquidate their real estate assets.
price ($mm)
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closed 11/23/2005 via BusinessWire

The Carlyle Group, acquired SS&C Technologies, Inc.

See 491 Comparable Transactions
synopsis: SS&C Technologies, Inc. announced that Sunshine Acquisition Corporation, a corporation affiliated with The Carlyle Group, a global private equity firm, completed the acquisition of SS&C Technologies, Inc. The aggregate consideration to be paid to SS&C stockholders and option holders is approximately $942 million.
buyer: The Carlyle Group (CG:$1,544.30)
The Carlyle Group is a private global investment firm that originates, structures and acts as lead equity investor in management-led buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. "
 target: SS&C Technologies, Inc. (SSNC:$4,669.30)
SS&C delivers investment and financial management software and related services focused exclusively on the financial services industry. By leveraging expertise in common investment business functions, SS&C cost effectively serves clients in different industry segments.
price ($mm)[EV]
$875 [$917]
rev ($mm)
$120
EBITDA ($mm)
$43
EV / rev
8.2x
EV / EBITDA
23.1x
closed 9/1/2018 via BusinessWire

State Street Corporation, acquired Charles River Systems, Inc.

See 482 Comparable Transactions
synopsis: State Street Corporation, a leading provider of financial services to institutional investors, announced that it has acquired Charles River Systems, Inc. (Charles River Development), a premier provider of investment management front office tools and solutions.
buyer: State Street Corporation (STT:$11,734.00)
State Street Corporation is one of the world's leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. "
 target: Charles River Systems, Inc.
Charles River Systems, Inc. is a privately held company that primarily focuses on providing solutions that automate front and middle office investment management functions across asset classes on a Software as a Service-based platform.
price ($mm)
$2,600
rev ($mm)
$311
EBITDA ($mm)
EV / rev
8.4x
EV / EBITDA
closed 5/12/2008 via Company Press Release

The Bank of New York Mellon Corporation, acquired LAMP Technologies LLC

See 479 Comparable Transactions
synopsis: The Bank of New York Mellon, a global leader in asset management and securities servicing, announced that it has acquired the fund of hedge funds administrative services business of LAMP Technologies LLC, a Dallas-based alternative investment administrator.
buyer: The Bank of New York Mellon Corporation (BK:$400.00)
The Bank of New York Mellon is a leading asset management and securities services company, uniquely focused to help clients manage and move their financial assets and succeed in the rapidly changing global marketplace. "
 target: LAMP Technologies LLC
LAMP Technologies LLC pairs world-class professionals with a state-of-the-art technology platform. Rather than depending on software vendors, LAMP develops highly integrated systems that leverage our decades of experience in the alternative investments industry.
price ($mm)
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announced 10/10/2019 via PR Newswire

Broadridge Financial Solutions, Inc., will acquire Fi360, Inc.

See 407 Comparable Transactions
synopsis: Broadridge Financial Solutions, a global Fintech leader and part of the S&P 500® Index, has entered into a purchase agreement to acquire Fi360, a leading provider of fiduciary-focused software, data and analytics for financial advisors and intermediaries across the retirement and wealth ecosystem.
buyer: Broadridge Financial Solutions, Inc. (BR:$4,338.00)
Broadridge Financial Solutions is a leading provider of investor communications and technology-driven solutions to banks, broker-dealers, asset and wealth managers and corporate issuers. Broadridge provides an important infrastructure that powers the financial services industry. "
 target parent: Bluff Point Associates
target: Fi360, Inc.
Fi360, a fiduciary education, training and technology company, helps financial intermediaries use prudent fiduciary practices to profitably gather, grow and protect investors' assets. They provide financial professionals with the tools necessary to act as a fiduciary in their work with investors.
price ($mm)
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closed 10/12/2012 via BusinessWire

eFront SA, acquired DMLT

See 422 Comparable Transactions
synopsis: eFront, a leading software provider of financial solutions for managing alternative investments, announced the acquisition of DMLT. DMLT is the market-leading provider of investor reporting and portal services for the alternative asset community.
buyer parent: Francisco Partners Management LLC
buyer: eFront SA (FR:ALEFT:$0.00)
eFront is a leading software provider of end-to-end solutions dedicated to the financial industry with a recognized expertise in alternative investments. eFront’s solutions serve companies in the private equity, real estate investment, banking and insurance sectors. "
 target: DMLT
DMLT offers a suite of web-based investor reporting, contact management and fundraising products to the alternative asset community. DMLT provides Invesment Cafe, a suite of investor reporting solutions.
price ($mm)
$50
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/28/2018 via PR Newswire

Synap Software Labs merged with Imagineer Technology Group, Inc.,

See 387 Comparable Transactions
synopsis: Imagineer Technology Group, a leading provider of investor relations and fund marketing software to the asset management industry, and Synap Software Labs, maker of cloud-based investment research, due diligence, and account management applications, have merged. Synap provides relationship management tools for the entire customer journey.
buyer: Imagineer Technology Group, Inc.
Since their founding in 1998, Imagineer has focused on providing relationship management software and services that help investor relations, fund marketing, and customer success teams to effectively manage their clients and operate their businesses efficiently and intelligently. "
 target: Synap Software Labs
Synap provides relationship management tools for the entire customer journey. Synap helps private fund managers centralize all of their investor relationship information, and it also helps institutional investors organize and collaborate investment research.
price ($mm)
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closed 4/5/2017 via Yahoo, Inc.

Investview, Inc, acquired Wealth Generators LLC

See 452 Comparable Transactions
synopsis: Investview, Inc., a diversified financial technology organization specializing in investor education, investment newsletters and financial services, announced the acquisition of Wealth Generators LLC, a financial education, research and tools provider.
buyer: Investview, Inc (OTCPK:INVU:$17.92)
Investview, Inc. is a New Jersey-based diversified financial technology organization. The Company operates primarily through its wholly- and majority-owned subsidiaries, to provide financial products and services to accredited investors, self-directed investors and select financial institutions. "
 target: Wealth Generators LLC
Wealth Generators, LLC is a Utah based financial education, research and tools provider for the self-directed investor. Wealth Generators distributes its programs and services through independent distributors who are paid according to the company's bonus plan.
price ($mm)
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closed 2/1/2006 via BusinessWire

Cameron Systems merged with Orc Software,

See 491 Comparable Transactions
synopsis: Today, February 1, 2006, the directors of Orc Software decided to transfer 513,500 own shares and to issue 352,282 new shares to the shareholders of Cameron Systems (VIC) Pty Ltd. Through the transfer of the shares and a cash payment, Orc Software completed its acquisition of Cameron Systems (VIC) Pty Ltd and Cameron Fix IP Pty Ltd.
buyer: Orc Software (SSE: ORC:$69.17)
Orc Software provides technology for advanced market making, trading and brokerage that enables participants who trade on financial markets to fully realize their market and revenue potential. "
 target: Cameron Systems
Cameron Systems is a leading supplier of FIX [Financial Information Exchange] engines to brokers, fund managers, exchanges and software vendors. Cameron Systems is a Global Member of the FIX Protocol organization with dedicated focus and support for the protocol as it evolves.
price ($mm)
$32
rev ($mm)
$6
EBITDA ($mm)
$2
EV / rev
5.8x
EV / EBITDA
20.0x
closed 10/17/2013 via PR Newswire

fi360, acquired IPS AdvisorPro

See 319 Comparable Transactions
synopsis: fi360, the premier organization for fiduciary education, investment analytics, support services and industry insights for financial professionals, announced it has acquired IPS AdvisorPro, a cloud-based technology that helps financial advisors develop customized investment policy statements, which are used to document client investment goals.
buyer: fi360
fi360 literally 'wrote the books' on fiduciary responsibility, defining the prudent investment practices for those who manage money for others. They offer world-class fiduciary training, Web-based analytical tools and resources for investment professionals. "
 target: IPS AdvisorPro
IPS AdvisorPro® is an award-winning online technology platform designed to help advisors create fully customized Investment Policy Statements (IPS) unique to their processes and procedures, and the circumstances of each client.
price ($mm)
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closed 8/1/2006 via PR Newswire

Morningstar, Inc., purchased Institutional Hedge Fund and Separate Account Database Division from InvestorForce

See 131 Comparable Transactions
synopsis: Morningstar, Inc., a leading provider of independent investment research, announced that it has completed its previously announced acquisition of the institutional hedge fund and separate account database division of InvestorForce, Inc., a Wayne, Pa.-based financial software and data integration company, for approximately $10 million in cash.
buyer: Morningstar, Inc. (MORN:$1,179.00)
Morningstar provides data on more than 300,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 4 million equities, indexes, futures, options, and commodities, in addition to foreign exchange and Treasury markets. "
 seller: InvestorForce
InvestorForce is a financial software company that has been a leader in the development of online applications for the financial services industry.
price ($mm)
$10
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/18/2017 via BNC Analysis

Circle Internet Financial, acquired Trigger

See 420 Comparable Transactions
synopsis: Circle, a peer-to-peer payments technology startup, has acquired mobile investing platform Trigger Finance. Trigger Finance is an award-winning investing platform that helps retail investors manage their portfolios through nature language rules and alternative orders.
buyer: Circle Internet Financial
Circle is a peer-to-peer payments technology company. It was founded by Jeremy Allaire and Sean Neville in October 2013. Circle’s mobile payment platform, Circle Pay, allows users to hold, send, and receive traditional fiat currencies. "
 target: Trigger
Trigger is a mobile first investing platform that encourages rules based investing for every DIY investor. Trigger makes it easier to invest rationally through a simple rules-driven approach, called ‘triggers’.
price ($mm)
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Pages:  
closed 6/12/2020 via BNC Analysis

Coupa Software, acquired Bellin Treasury Services Ltd

See 151 Comparable Transactions
synopsis: Coupa Software, a leader in Business Spend Management (BSM), announced that it has acquired BELLIN Group, a leading provider of treasury management software (TMS). With a long history in treasury, BELLIN's cloud-based TMS platform improves visibility and control over cash and optimizes treasury processes.
buyer: Coupa Software (COUP:$427.59)
Coupa Software is the cloud platform for business spend management. They deliver “Value as a Service” by helping customers maximize their spend under management and drive profitability. Coupa provides a unified, cloud-based spend management platform that connects hundreds of organizations. "
 target: Bellin Treasury Services Ltd
BELLIN Group is a leading provider of treasury management software (TMS). With a long history in treasury, BELLIN's cloud-based TMS platform improves visibility and control over cash and optimizes treasury processes.
price ($mm)
rev ($mm)
EBITDA ($mm)
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EV / EBITDA
closed 6/12/2020 via BNC Analysis

Coupa Software, acquired Bellin Treasury Services Ltd

See 151 Comparable Transactions
synopsis: Coupa Software, a leader in Business Spend Management (BSM), announced that it has acquired BELLIN Group, a leading provider of treasury management software (TMS). With a long history in treasury, BELLIN's cloud-based TMS platform improves visibility and control over cash and optimizes treasury processes.
buyer: Coupa Software (COUP:$427.59)
Coupa Software is the cloud platform for business spend management. They deliver “Value as a Service” by helping customers maximize their spend under management and drive profitability. Coupa provides a unified, cloud-based spend management platform that connects hundreds of organizations. "
 target: Bellin Treasury Services Ltd
BELLIN Group is a leading provider of treasury management software (TMS). With a long history in treasury, BELLIN's cloud-based TMS platform improves visibility and control over cash and optimizes treasury processes.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/6/2020 via BNC Analysis

Coupa Software, acquired ConnXus Inc.

See 917 Comparable Transactions
synopsis: Coupa Software, the cloud platform for business spend management, has acquired ConnXus, a company that offers supplier management software solutions that simplify the complexities of global supply chains and allow procurement professionals to achieve their goals of responsible and sustainable sourcing.
buyer: Coupa Software (COUP:$427.59)
Coupa Software is the cloud platform for business spend management. They deliver “Value as a Service” by helping customers maximize their spend under management and drive profitability. Coupa provides a unified, cloud-based spend management platform that connects hundreds of organizations. "
 target: ConnXus Inc.
ConnXus supplier management software solutions simplify the complexities of global supply chains and allow procurement professionals to achieve their goals of responsible and sustainable sourcing. ConnXus is a SBE certified company based in Ohio with local, regional and international capabilities.
price ($mm)
rev ($mm)
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closed 1/8/2020 via Company Press Release

Coupa Software, acquired Yapta

See 1791 Comparable Transactions
synopsis: Coupa Software, a leader in Business Spend Management (BSM), has acquired Yapta, a leader in travel price optimization. Yapta provides real-time price tracking of airfares and hotel rates across the globe via their FareIQ and RoomIQ solutions. Yapta has helped thousands of companies save an average of 2-4% of their corporate travel budgets.
buyer: Coupa Software (COUP:$427.59)
Coupa Software is the cloud platform for business spend management. They deliver “Value as a Service” by helping customers maximize their spend under management and drive profitability. Coupa provides a unified, cloud-based spend management platform that connects hundreds of organizations. "
 target: Yapta
Yapta is a leader in travel price optimization. Yapta provides real-time price tracking of airfares and hotel rates across the globe via their FareIQ and RoomIQ solutions. Yapta has helped thousands of companies save an average of 2-4% of their corporate travel budgets.
price ($mm)
rev ($mm)
EBITDA ($mm)
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EV / EBITDA
announced 4/17/2019 via Company Press Release

Coupa Software, will acquire Exari

See 2475 Comparable Transactions
synopsis: Coupa Software, a leader in business spend management (BSM), announced that it has entered into an agreement to acquire Exari, a leading provider of contract lifecycle management (CLM). Exari solutions improve visibility into contract data and reduces costs, cycle time and risk.
buyer: Coupa Software (COUP:$427.59)
Coupa Software is the cloud platform for business spend management. They deliver “Value as a Service” by helping customers maximize their spend under management and drive profitability. Coupa provides a unified, cloud-based spend management platform that connects hundreds of organizations. "
 target: Exari
Exari is a global leader in cloud-based Contract Lifecycle Management solutions. Used worldwide by legal, sales, insurance, investment banking, and government professionals, Exari solutions improve visibility into contract data and reduces costs, cycle time and risk.
price ($mm)
$215
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/12/2018 via PR Newswire

Coupa Software, acquired Hiperos, LLC

See 912 Comparable Transactions
synopsis: Coupa Software, a leader in business spend management (BSM), has acquired Hiperos from Opus, a global risk and compliance SaaS and data solution company. Hiperos is a leading third-party risk management provider. Their cloud application enables businesses to actively manage third-party risk and compliance.
buyer: Coupa Software (COUP:$427.59)
Coupa Software is the cloud platform for business spend management (BSM). They deliver “Value as a Service” by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. "
 target parent: Opus Global, Inc.
target: Hiperos, LLC
Hiperos is a leading third-party risk management provider. Their cloud application enables businesses to actively manage third-party risk and compliance, including advanced risks such as information security, bribery and corruption.
price ($mm)
$95
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/15/2018 via GlobeNewswire

Coupa Software, acquired Aquiire

See 1645 Comparable Transactions
synopsis: Coupa Software, a leader in business spend management, announced that it has acquired Aquiire, the leader in real-time supplier catalog search. Acquiire provides intelligent and intuitive real-time procurement shopping, guided buying, business intelligence, and supplier management tools in the industry.
buyer: Coupa Software (COUP:$427.59)
Coupa Software is the cloud platform for business spend management (BSM). They deliver “Value as a Service” by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. "
 target: Aquiire
Acquiire provides intelligent and intuitive real-time procurement shopping, guided buying, business intelligence, and supplier management tools in the industry. They are dedicated to creating solutions that solve customers' procurement and supplier relationship management challenges.
price ($mm)
rev ($mm)
EBITDA ($mm)
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EV / EBITDA
closed 9/4/2018 via GlobeNewswire

Coupa Software, acquired DCR Workforce

See 1858 Comparable Transactions
synopsis: Coupa Software, a leader in business spend management (BSM), announced that it has acquired the technology assets of DCR Workforce, a leading provider of contingent workforce management and services procurement software.
buyer: Coupa Software (COUP:$427.59)
Coupa Software is the cloud platform for business spend management (BSM). They deliver “Value as a Service” by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. "
 target: DCR Workforce
DCR Workforce is a leading provider of SaaS solutions for contingent workforce management and services procurement. The company’s Smart Track VMS offers a unified approach to managing all aspects of non-employee engagement.
price ($mm)
rev ($mm)
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closed 12/11/2017 via GlobeNewswire

Coupa Software, acquired Simeno

See 3726 Comparable Transactions
synopsis: Coupa Software, a leader in cloud-based spend management, announced that it has acquired Simeno Holdings AG, a leader in cross-catalog search and advanced catalog management. Simeno creates localized content from third-party supplier sites to power cross-catalog searches, including content from many of the leading B2B marketplaces.
buyer: Coupa Software (COUP:$427.59)
Coupa Software is the cloud platform for business spend. They deliver “Value as a Service” by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. "
 target: Simeno
Simeno is a leader in cross-catalog search and advanced catalog management. Simeno creates localized content from third-party supplier sites to power cross-catalog searches, including content from many of the leading B2B marketplaces.
price ($mm)
rev ($mm)
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closed 10/17/2017 via GlobeNewswire

Coupa Software, acquired Deep Relevance, Inc.

See 3025 Comparable Transactions
synopsis: Coupa Software, a leader in cloud-based spend management, has acquired Deep Relevance, Inc., a company that uses Artificial Intelligence (AI)-based behavior and relationship analytics to help identify individual employee and collusive fraud or other suspicious transactions.
buyer: Coupa Software (COUP:$427.59)
Coupa Software is the cloud platform for business spend. They deliver “Value as a Service” by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. "
 target: Deep Relevance, Inc.
Deep Relevance uses Artificial Intelligence (AI)-based behavior and relationship analytics to help identify individual employee and collusive fraud or other suspicious transactions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/17/2017 via GlobeNewswire

Coupa Software, acquired Riskopy, Inc.

See 40 Comparable Transactions
synopsis: Coupa Software, a leader in cloud-based spend management, announced that it has acquired substantially all of the assets of Riskopy, Inc. Riskopy is changing how financial services are delivered by providing data-driven insights on 100 million businesses.
buyer: Coupa Software (COUP:$427.59)
Coupa Software is the cloud platform for business spend. They deliver “Value as a Service” by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. "
 target: Riskopy, Inc.
Riskopy is changing how financial services are delivered by providing data-driven insights on 100 million businesses. Leveraging contextualized data, finance providers can accurately calculate the cost of capital, and monitor their portfolio for risks and opportunities.
price ($mm)
rev ($mm)
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EV / EBITDA
closed 1/10/2017 via GlobeNewswire

Coupa Software, acquired Spend360

See 2150 Comparable Transactions
synopsis: Coupa Software announced that it has acquired Spend360 International Ltd. to help companies digitize antiquated processes for data classification. Spend360 is an analytics solution that uses deep machine learning and artificial intelligence to structure and cleanse data in a format that finance and procurement can actually use.
buyer: Coupa Software (COUP:$427.59)
Coupa provides a unified, cloud-based spend management platform that connects hundreds of organizations representing the Americas, EMEA, and APAC with millions of suppliers globally. The Coupa platform provides greater visibility into and control over how companies spend money. "
 target: Spend360
Spend360 is an analytics solution that uses deep machine learning and artificial intelligence to structure and cleanse data in a format that finance and procurement can actually use.
price ($mm)
rev ($mm)
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closed 1/14/2016 via BusinessWire

Coupa Software, acquired Contractually

See 2027 Comparable Transactions
synopsis: Coupa Software, a leader in cloud-based spend management, announced the acquisition of Contractually, a cloud innovator based in Vancouver, Canada that helps reduce businesses' reliance on antiquated processes or inadequate technology tools to version control or redline contracts.
buyer: Coupa Software (COUP:$427.59)
Coupa Software, a leader in cloud-based spend management, enables businesses to recognize bottom-line financial success via Savings-as-a-Service. Coupa provides a suite of true cloud spend management applications, including invoicing, procurement, expense management, sourcing and inventory. "
 target: Contractually
Contractually makes the contracts process paperless for businesses and their lawyers. Their web software speeds up contract generation and the whole workflow of getting reviews, edits and signatures done, with all the people, parties and lawyers involved.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/20/2015 via BusinessWire

Coupa Software, acquired TripScanner, Inc.

See 1500 Comparable Transactions
synopsis: Coupa Software, the world’s leading provider of cloud-based spend management solutions, announced plans to modernize business travel with the acquisition of New York-based travel technology company TripScanner, Inc.
buyer: Coupa Software (COUP:$427.59)
Coupa's suite of cloud applications amplify companies spending power and reduce costs. Coupa provides cloud applications for finance, including procurement, expense management and accounts payable that enables customers realize significant savings. "
 target: TripScanner, Inc.
TripScanner is a travel technology company based in Brooklyn, NY. TripScanner offers a simple, cost-effective way for businesses to control their travel expenses, while allowing employees the freedom to book through any website, app, or travel agency that they prefer.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/6/2015 via BNC Analysis

Coupa Software, acquired InvoiceSmash

See 1616 Comparable Transactions
synopsis: Coupa Software, the world’s leading provider of cloud-based spend management solutions, announced the acquisition of Australian-based InvoiceSmash, a cloud innovator pushing the technology boundaries of accounts payable and e-invoicing solutions.
buyer: Coupa Software (COUP:$427.59)
Coupa's suite of cloud applications amplify companies spending power and reduce costs. Coupa provides cloud applications for finance, including procurement, expense management and accounts payable that enables customers realize significant savings. "
 target: InvoiceSmash
InvoiceSmash is a cloud innovator pushing the technology boundaries of accounts payable and e-invoicing solutions. InvoiceSmash provides accounts payable invoice automation powered by cloud software.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/10/2013 via BusinessWire

Coupa Software, acquired Xpenser

See 10 Comparable Transactions
synopsis: Coupa Software, the leading provider of cloud-based spend optimization solutions for finance, announced that it has acquired Xpenser, a company that enables users to record and track expenses more efficiently in the cloud. The acquisition will expand Coupa’s domain expertise and leadership in the area of expense management.
buyer: Coupa Software (COUP:$427.59)
Founded in 2006, Coupa Software is the leading provider of cloud-based spend optimization software. More than 300 customers in 40 countries use the Coupa suite of cloud applications to amplify their spend power and reduce spending costs up to 11 percent. "
 target: Xpenser
Xpenser provides time, receipt, and expense management from a multitude of devices and interfaces - using voice, email, sms, iPhone, instant messaging, Twitter, or the web, via a simple, intuitive format.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/22/2018 via PR Web

Smart ERP, acquired Provade, Inc.

See 2552 Comparable Transactions
synopsis: Smart ERP Solutions, Inc., the provider of Smart Onboarding and other solutions and services, has acquired Provade Inc., a provider of an Oracle ecosystem focused enterprise class Services Procurement and Vendor Management System (VMS) for global contingent workforce spend management.
buyer: Smart ERP
Smart ERP Solutions is a unique organization in the Enterprise Business Applications space providing innovative, cost-effective, and configurable solutions as well as a wide range of consulting services that efficiently extend the capabilities of ERP systems to meet specific business process needs. "
 target: Provade, Inc.
Provade Inc., delivers the only Oracle ecosystem focused enterprise class Services Procurement and Vendor Management System (VMS) for global contingent workforce spend management. Provade’s SaaS solution helps businesses achieve efficiency and measurable savings in work services spend.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/3/2016 via PR Web

Nexonia, acquired ExpenseWatch, Inc.

See 2623 Comparable Transactions
synopsis: Nexonia Inc, a leading provider of web and mobile business financial management solutions has acquired ExpenseWatch, a leading provider of spend management solutions. The acquisition joins two organizations that offer feature-rich SaaS financial management solutions, highly configurable integrations and industry leading customer support.
buyer: Nexonia
Nexonia Inc. is a provider of leading web and mobile expense, time and other business financial management solutions, including: Nexonia Expenses, Nexonia Timesheets, Nexonia Time Off, Nexonia Time Allocation, Nexonia Purchase Orders and Nexonia Accounts Payable. "
 target: ExpenseWatch, Inc.
ExpenseWatch automates manual, time consuming paper-based processes, for visibility and control over organizational spending. Modules for expense reporting, purchasing and payable invoices resolve specific spending issues, or can be combined to provide a comprehensive spend management suite.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/8/2014 via PR Newswire

IQ Navigator Inc., purchased VMS Software from ProcureStaff Technologies

See 2726 Comparable Transactions
synopsis: IQNavigator, the leading provider of non-employee workforce management solutions to Global 2000 companies, has acquired the vendor management solution software and related assets of ProcureStaff Technologies, Ltd., a division of Volt Information Sciences and developer of ProcureStaff's vendor management system (VMS) applications.
buyer parent: GTCR, LLC
buyer: IQ Navigator Inc.
IQNavigator is a leading provider of on-demand services procurement software and managed service programs. The company’s award-winning suite of integrated applications enable Global 2000 companies to gain control and visibility into their multi-million-dollar services procurement costs. "
 seller parent: Volt Information Sciences, Inc.
seller: ProcureStaff Technologies
ProcureStaff Technologies, a subsidiary of Volt Information Sciences, Inc., provides specialized software applications to streamline and manage procurement of temporary staffing, project work, consultants, and other human capital services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/28/2012 via GlobeNewswire

SciQuest, Inc., will acquire Spend Radar, LLC

See 2552 Comparable Transactions
synopsis: SciQuest, Inc., a leading provider of cloud-based spend management solutions, announced that it has signed a definitive agreement to acquire Spend Radar LLC, a rapidly growing provider of fast, easy and flexible spend analysis software.
buyer parent: Trinity Ventures
buyer: SciQuest, Inc. (SQI:$106.31)
SciQuest provides organizations with a comprehensive suite of on-demand source-to-settle software solutions, driving cost and efficiency savings across the supply chain. SciQuest provides organizations with a strategic approach to procurement, improving bottom-line results. "
 target: Spend Radar, LLC
Spend Radar is a leading software technology company focused solely on conquering the challenges of spend analysis and spend management. Its entire focus is to help any organization working with spend or supplier-related data to take action more quickly and effectively.
price ($mm)
$8.55
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/1/2012 via PR Newswire

SAP America, Inc., acquired Ariba, Inc.

See 3350 Comparable Transactions
synopsis: SAP AG announced that it has completed its acquisition of Ariba, Inc., the leading cloud-based business commerce network. Ariba combines industry-leading technology with the world's largest web-based trading community to help companies discover, connect and collaborate with a global network of partners – all in a cloud-based environment.
buyer parent: SAP AG
buyer: SAP America, Inc.
SAP America provides enterprise software and services for managing accounting, distribution, human resources, and manufacturing functions. Its products include business intelligence, enterprise resource planning, customer relationship management, and supply chain management applications. "
 target: Ariba, Inc.
Ariba is a provider of collaborative business commerce solutions. Ariba combines industry-leading technology with the world's largest web-based trading community to help companies discover, connect and collaborate with a global network of partners – all in a cloud-based environment.
price ($mm)[EV]
$4,599 [$4,402]
rev ($mm)
$502
EBITDA ($mm)
$41
EV / rev
8.8x
EV / EBITDA
108.0x
closed 10/3/2011 via BusinessWire

Pinnacle Technical Resources, acquired Provade, Inc.

See 2675 Comparable Transactions
synopsis: Pinnacle Technical Resources, a staffing and workforce solutions company, announced the acquisition of Provade, Inc., a Silicon Valley-based Vendor Management System technology company. The Pinnacle-Provade union offers an unprecedented combination that does not exist in the VMS marketplace today.
buyer: Pinnacle Technical Resources
Pinnacle Technical Resources is a staffing and managed services firm that recruits and manages contingent labor for a broad variety of Fortune 500 corporations in the financial services, transportation, communications and healthcare industries. "
 target: Provade, Inc.
Provade, Inc. delivers the only enterprise Vendor Management System (VMS) for global workforce spend management. Provade VMS is built entirely upon an Oracle application platform and Provade is Oracle’s exclusive VMS partner in the market.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/1/2010 via BusinessWire

Rearden Commerce, Inc., acquired Ketera Technologies, Inc.

See 2676 Comparable Transactions
synopsis: Rearden Commerce, a next-generation eCommerce platform company, announced it has acquired Ketera Technologies, a company focused on transforming corporate buying and selling via the Ketera® Network, an online spend management solution and business community of nearly 1,000,000 companies.
buyer: Rearden Commerce, Inc.
Rearden Commerce, a next generation eCommerce platform company, offers applications, services, content and powerful personalization capabilities that enable relevant and meaningful transactions. "
 target: Ketera Technologies, Inc.
Ketera Technologies is a company focused on transforming corporate buying and selling via the Ketera® Network, an online spend management solution and business community of nearly 1,000,000 companies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/10/2017 via GlobeNewswire

Coupa Software, acquired Spend360

See 2150 Comparable Transactions
synopsis: Coupa Software announced that it has acquired Spend360 International Ltd. to help companies digitize antiquated processes for data classification. Spend360 is an analytics solution that uses deep machine learning and artificial intelligence to structure and cleanse data in a format that finance and procurement can actually use.
buyer: Coupa Software (COUP:$427.59)
Coupa provides a unified, cloud-based spend management platform that connects hundreds of organizations representing the Americas, EMEA, and APAC with millions of suppliers globally. The Coupa platform provides greater visibility into and control over how companies spend money. "
 target: Spend360
Spend360 is an analytics solution that uses deep machine learning and artificial intelligence to structure and cleanse data in a format that finance and procurement can actually use.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/20/2019 via BNC Analysis

Medius, acquired Wax Digital Ltd.

See 1437 Comparable Transactions
synopsis: Medius, a leading global provider of accounts payable (AP) invoice automation solutions, announced that it has acquired Wax Digital, an industry leading e-procurement and spend management solutions provider headquartered in the U.K.
buyer parent: Marlin Equity Partners
buyer: Medius
Based in Sweden, Medius is a leading global provider of accounts payable (AP) invoice automation solutions helping companies drive their business forward by providing best-in-class process efficiency and greater financial control. "
 target: Wax Digital Ltd.
Based in the UK, Wax Digital has been working closely with savings-focused organisations to deliver e-Procurement and spend management solutions that help them get better value from their buying. Wax Digital provides web3, an innovative spend management software suite.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/25/2019 via BNC Analysis

Main Capital Partners BV, acquired Onventis GmbH

See 1437 Comparable Transactions
synopsis: Netherlands-based Main Capital, a strategic investor focused on the software sector, has acquired Onventis, a cloud-based platform provider for e-procurement headquartered in Germany. Onventis’s software offers buyers and suppliers a user-friendly, fully-integrated suite to connect, automate, and control the entire chain from sourcing to payment.
buyer: Main Capital Partners BV
Netherlands-based Main Capital is a strategic investor with an exclusive focus on the software sector in the Benelux, Germany, Austria, Switzerland, and Nordics regions. Within this sector, Main Capital is the most specialized company in management buyouts and later-stage growth capital. "
 target: Onventis GmbH
Germany-based Onventis is a cloud-based platform provider for e-procurement solutions for midsize enterprises. The Onventis Cloud Procurement Network connects B2B business processes for buyers and suppliers through a suite to connect, automate, and control the entire chain from sourcing to payment.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/14/2019 via BusinessWire

eRequester merged with Fraxion,

See 1460 Comparable Transactions
synopsis: Fraxion, a cloud-based procure-to-pay solution for easy business spend management, has merged with eRequester, a US based e-procurement software suite leader.
buyer: Fraxion
Fraxion offers an innovative cloud solution for spend enablement and efficiency trusted by thousands of brands worldwide. Using Fraxion, businesses can spend smarter and streamline the procurement process for better business outcomes. They are based in South Africa. "
 target parent: Roman Road Capital Partners LLC
target: eRequester
eRequester is a developer of an enterprise software designed to facilitate corporate accountability. The company's enterprise software and web-based application suite offers powerful requisition, PO, invoice automation and expense management tools.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/10/2019 via BNC Analysis

Mercell Holding AS, will acquire EU Supply PLC

See 2580 Comparable Transactions
synopsis: EU Supply PLC, one of UK's leading suppliers of electronic tender management and contract management solutions will be acquired by Norwegian peer Mercell Holding AS, a provider of eTender system and Tender Offers.
buyer: Mercell Holding AS
Mercell is a leading Nordic provider of eTender system and Tender Offers. Suppliers in all industries use Mercell eTender system to find tenders and contracts in the public sector. They simplify the public procurement process and makes it easy for the buyer to interact with suppliers. "
 target: EU Supply PLC (AIM:EUSP:$6.63)
Headquartered in the UK, EU-Supply is one of Europe's leading suppliers of electronic tender management and contract management solutions. The company is focused on procurement and contract management.
price ($mm)
$21
rev ($mm)
$7
EBITDA ($mm)
$1
EV / rev
3.1x
EV / EBITDA
23.9x
closed 3/6/2019 via Company Press Release

Chrome River Technologies merged with Certify, Inc.,

See 1467 Comparable Transactions
synopsis: Certify and Chrome River Technologies, two global leaders in travel, expense, and invoice management software, are merging. The combination creates the industry’s most comprehensive suite of products for monitoring, managing and analyzing corporate spend.
buyer parent: K1 Investment Management
buyer: Certify, Inc.
Certify, Inc., is the world’s largest independent provider of travel, expense and invoice management software. The Certify, Inc. family of brands includes leading SaaS platforms Certify, Nexonia, Tallie, Abacus, and Captio. "
 target: Chrome River Technologies
Chrome River provides expense and invoice automation solutions. The company’s easy-to-use, enterprise-scale solutions enable future-readiness for its customers. They are a preferred choice of CFOs, CIOs, AP teams, travel managers and business travelers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/10/2019 via GlobeNewswire

Corcentric, LLC, acquired Determine, Inc.

See 1475 Comparable Transactions
synopsis: Corcentric, a fast-growing provider of procurement and financial process automation solutions, has completed its purchase of substantially all of the assets of Determine, Inc, a leader in global Source-to-Pay and Enterprise Contract Lifecycle Management solutions.
buyer: Corcentric, LLC
Corcentric's procurement and finance solutions help companies run smarter, enabling them to control their spending and increase their cash flow by optimizing how they purchase, pay, and get paid. "
 target: Determine, Inc. (OTCPK:DTRM:$26.02)
Determine, Inc. is a leading global provider of SaaS Source-to-Pay and Enterprise Contract Lifecycle Management (ECLM) solutions. The Determine Cloud Platform provides procurement, legal and finance professionals analytics of their supplier, contract and financial performance.
price ($mm)
$32
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/18/2019 via BNC Analysis

Verdane Capital, acquired Scanmarket

See 1437 Comparable Transactions
synopsis: Verdane Capital, a private equity firm, has acquired a 90% stake in Scanmarket's source-to-contract company. Scanmarket is a market-leading global strategic sourcing platform that since 1999 has delivered superior bottom-line results in savings, transparency and efficiency to hundreds of organizations globally. They are headquartered in Denmark.
buyer: Verdane Capital
Verdane funds provide flexible growth capital to fast growing software, consumer internet, energy or high-technology industry businesses. The funds are distinctive in that they can invest either in a single company, or in portfolios of companies. "
 target: Scanmarket
Scanmarket is a market-leading global strategic sourcing platform that since 1999 has delivered superior bottom-line results in savings, transparency and efficiency to hundreds of organizations globally. They are headquartered in Denmark.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/17/2019 via PR Newswire

Enterprise Holdings, will acquire Deem

See 1515 Comparable Transactions
synopsis: Enterprise Holdings announced its intent to acquire San Francisco-based Deem – an innovative managed-travel technology platform that includes Deem Work Fource and Deem Ground Work, a suite of online booking and travel technology products for business travelers, travel managers, travel-management companies and suppliers.
buyer: Enterprise Holdings
Enterprise Holdings and its affiliate Enterprise Fleet Management together offer a total transportation solution. Combined, these businesses - which include extensive car rental and car-sharing services, commercial truck rental, corporate fleet management and retail car sales. "
 target: Deem
Deem is designed for the entire business travel ecosystem using machine learning, AI and predictive analytics. Deem's suite of tools range from a dynamic traveler booking platform, travel manager cost controls, travel agency service technology, supplier revenue opportunities and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/20/2018 via BNC Analysis

Serko Limited, acquired InterplX Expense Management

See 1433 Comparable Transactions
synopsis: Serko, a New Zealand-based provider of online travel booking and expense management solutions, has acquired InterpIX, a provider of business expense management solutions. InterpIX's ExpenseNet solution is a travel and entertainment expense and purchase card management platform.
buyer: Serko Limited (NZSE:SKO:$13.86)
Serko is a New Zealand-based provider of online travel booking and expense management solutions. Their solutions empower organisations to manage their corporate travel programs and expense administration with powerful, intuitive online tools. "
 target: InterplX Expense Management
InterpIX is a provider of business expense management solutions. Their ExpenseNet solution is a travel and entertainment expense and purchase card management platform. The web-based software allows for fast, accurate, and cost-saving expense reporting for companies of any size.
price ($mm)
$1.25
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/19/2019 via BusinessWire

GTY Technology Holdings, merged with Bonfire Interactive

See 1499 Comparable Transactions
synopsis: Bonfire Interactive, a leader in strategic sourcing and procurement software, has formally merged with GTY Technology Holdings Inc. in a business combination with five other leading software as a service (SaaS) companies specializing in government technology.
buyer: GTY Technology Holdings (GTYH:$0.00)
GTY Technology is a company developed to consummate a business combination with established technology companies. Their objective is to identify companies with a leading competitive position, a strong management team, a collaborative and collegial culture. "
 target: Bonfire Interactive
Bonfire, a leader in strategic sourcing and procurement technology, empowers organizations to make the right purchasing decisions. With tools to support the entire vendor lifecycle, Bonfire goes beyond traditional mechanics to make complex decision making easy.
price ($mm)
$108
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/7/2018 via BNC Analysis

Proactis Holdings PLC, will acquire Esize Holdings BV

See 1499 Comparable Transactions
synopsis: PROACTIS Holdings PLC ("PROACTIS"), the global spend management and B2B eCommerce solution provider, announces that it has entered into an agreement to acquire the entire issued share capital of Esize Holdings BV ("Esize"), a Netherlands based procurement software business for buy side organisations.
buyer: Proactis Holdings PLC (AIM:PHD:$51.76)
Proactis helps organisations around the world to operate faster, leaner, smarter. They enable buyers and sellers to eliminate wasted time, money and talent by transforming the way they buy and sell all types of goods and services. They offer spend management solutions. "
 target: Esize Holdings BV
Esize Holdings BV ("Esize") is a Netherlands based procurement software business for buy side organisations. Esize is a recognised territory leader in the Netherlands for its cloud-based spend management solutions. Its solutions cover the full procurement cycle for indirect spend.
price ($mm)
$18
rev ($mm)
$6
EBITDA ($mm)
$2
EV / rev
3.0x
EV / EBITDA
8.9x
closed 3/2/2018 via BNC Analysis

Advanced, acquired Science Warehouse Limited

See 1518 Comparable Transactions
synopsis: Advanced has acquired Science Warehouse, a British developer of cloud-based Software-as-a-Service (SaaS) procurement solutions. Science Warehouse is an established provider of spend management and eMarketplace systems to over 80 customers in multiple sectors including commercial, government, higher education, NHS and social housing.
buyer parent: Vista Equity Partners
buyer: Advanced
Advanced is a provider of healthcare, enterprise, and other business solutions and services to the public and private sectors. Their healthcare portfolio includes patient care management and clinical software solutions, while its enterprise suite includes financial management, HR, payroll, and CRM. "
 target parent: Mercia Technologies PLC
target: Science Warehouse Limited
Science Warehouse provides cloud-based spend management platform and e-marketplace systems designed to drive efficiencies through the source-to-settle process. They give customers control of the purchasing cycle from requisition to payment, helping them deliver cost savings and manage spending.
price ($mm)
$23
rev ($mm)
$5
EBITDA ($mm)
EV / rev
4.2x
EV / EBITDA
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Ticker: COUP
 
 
 
 
 
 
 
 
Coupa Software
Coupa Software
Coupa Software is the cloud platform for business spend. They deliver “Value as a Service” by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability.
year
2020
rev ($mm)
$427.59
EBITDA ($mm)
($39.47)
EBIT ($mm)
($70.14)
Net Income ($mm)
Employees
1693
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Ticker: AIM:PHD
 
 
 
 
 
 
 
 
Proactis Holdings PLC
Proactis Holdings PLC
PROACTIS is a global Spend Control and eProcurement solution provider. Over 800 organisations across 90 countries use PROACTIS software and services to transform their procurement, purchase-to-pay and accounts payable processes to deliver greater bottom-line value.
year
2018
rev ($mm)
$51.76
EBITDA ($mm)
$1.23
EBIT ($mm)
($0.85)
Net Income ($mm)
Employees
215
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Ticker: ASX:8CO
 
 
 
 
 
 
 
 
8common
8common
8common brings innovative enterprise software concepts to life, injecting a high-performing, product-driven culture and smart entrepreneurialism into every venture. 8common identifies, acquires and nurtures high potential businesses capable of startup agility and SaaS delivery.
year
2017
rev ($mm)
$2.91
EBITDA ($mm)
($0.12)
EBIT ($mm)
($0.41)
Net Income ($mm)
Employees
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Ticker: LSE:HRG
 
 
 
 
 
 
 
 
Hogg Robinson plc
Hogg Robinson Group is a global corporate services provider. Through their Travel Management Company (HRG) and Technology Company (Fraedom), they help thousands of clients in over 120 countries manage their travel, expenses, payments and data.
year
2017
rev ($mm)
$431.25
EBITDA ($mm)
$58.56
EBIT ($mm)
$52.76
Net Income ($mm)
$28.70
Employees
4622
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Ticker: NINE
 
 
 
 
 
 
 
 
Ninetowns Internet Technology Group Company Limited
Ninetowns Internet Technology Group Company Limited
Ninetowns is a provider of online solutions for international trade, with its key services in automating import/export e-filing, as well as in providing effective and efficient business-to-business search. Ninetowns launched tootoo.com in 2007, providing vertical search and value added services.
year
2011
rev ($mm)
$75.22
EBITDA ($mm)
($21.52)
EBIT ($mm)
($41.57)
Net Income ($mm)
$3.53
Employees
509
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Ticker: NZSE:SKO
 
 
 
 
 
 
 
 
Serko Limited
Serko Limited
Serko is a New Zealand-based provider of online travel booking and expense management solutions. Their solutions empower organisations to manage their corporate travel programs and expense administration with powerful, intuitive online tools.
year
2018
rev ($mm)
$13.86
EBITDA ($mm)
$1.28
EBIT ($mm)
$1.13
Net Income ($mm)
$1.12
Employees
106
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Ticker: ENXTPA:GENX
 
 
 
 
 
 
 
 
Generix SA
Generix SA
Generix Group develops software solutions for the manufacturing, logistics and retail ecosystems, helping its customers to manage, pool, integrate and optimize their information flows.
year
2016
rev ($mm)
$65.21
EBITDA ($mm)
$4.70
EBIT ($mm)
$3.69
Net Income ($mm)
$1.39
Employees
376
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Ticker: 300051
 
 
 
 
 
 
 
 
Xiamen 35.Com Technology Co., Ltd.
Xiamen 35.Com Technology Co., Ltd.
Xiamen 35.Com Technology Co., Ltd. provides software products and information technology services to medium and small-scale enterprises in China. The company offers Internet business solutions, corporate communication solutions, and enterprise management solutions.
year
2015
rev ($mm)
$39.89
EBITDA ($mm)
($1.95)
EBIT ($mm)
($2.28)
Net Income ($mm)
Employees
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Ticker: TSXV:OSS
 
 
 
 
 
 
 
 
OneSoft Solutions Inc.
OneSoft Solutions Inc. is a Canada-based developer of cloud-based business solutions. OneSoft's business strategy is to seek opportunities to convert legacy business software applications to a more cost efficient subscription based business model utilizing the Microsoft Cloud.
year
2015
rev ($mm)
$0.26
EBITDA ($mm)
($1.57)
EBIT ($mm)
($1.61)
Net Income ($mm)
Employees
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Ticker: APPF
 
 
 
 
 
 
 
 
AppFolio
AppFolio creates comprehensive, easy-to-use, cloud-based business software solutions for vertical markets. AppFolio's products include cloud-based property management software (AppFolio Property Manager) and cloud-based legal practice management software (MyCase).
year
2019
rev ($mm)
$221.21
EBITDA ($mm)
$17.93
EBIT ($mm)
$12.04
Net Income ($mm)
$35.05
Employees
1190
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Ticker: AIM:INCA
 
 
 
 
 
 
 
 
Incadea Plc
Incadea Plc
Incadea Plc is the leading provider of enterprise software solutions and services to the global automotive retail and wholesale market. With a proven industry focus and expertise, incadea is the vendor of choice for car manufacturers and their dealer networks around the world.
year
2014
rev ($mm)
$54.88
EBITDA ($mm)
$3.74
EBIT ($mm)
$3.81
Net Income ($mm)
Employees
490
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Ticker: SZSE:300494
 
 
 
 
 
 
 
 
Century Network
Century Network
Century Network is a Chinese company primarily engaged in online entertainment platforms, e-sports, and game operations. Century provides management software for the internet cafe industry. They also operate gaming websites and e-sports platforms.
year
2019
rev ($mm)
$72.26
EBITDA ($mm)
$1.80
EBIT ($mm)
$1.11
Net Income ($mm)
$5.50
Employees
0
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Ticker: ASX:RKN
 
 
 
 
 
 
 
 
Reckon Limited
Reckon Limited
Reckon Limited (RKN) is an Australian publicly listed company well known as a leading provider of software solutions for accounting and bookkeeping professionals, as well as small to medium sized businesses, small office/home office users and personal wealth management.
year
2017
rev ($mm)
$73.92
EBITDA ($mm)
$14.15
EBIT ($mm)
$10.70
Net Income ($mm)
$7.78
Employees
118
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Ticker: ZMD
 
 
 
 
 
 
 
 
ZoomMed Inc.
ZoomMed Inc.
Zoommed Inc. develops and markets various computer applications for healthcare professionals in Canada. The company builds and operates the ZoomMed Communication Network, a clinical interoperable information exchange network between physicians and various other stakeholders of the healthcare sector.
year
2014
rev ($mm)
$6.08
EBITDA ($mm)
$2.65
EBIT ($mm)
$2.78
Net Income ($mm)
Employees
40
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Ticker: TSXV:NGH
 
 
 
 
 
 
 
 
Nightingale Informatix Corporation
Nightingale Informatix Corporation
For more than a decade, Nightingale has been delivering innovative cloud-based Electronic Health Record and Practice Management solutions to healthcare organizations across the United States and Canada. They create software that is truly intuitive—minimizing training and maximizing adoption.
year
2015
rev ($mm)
$9.64
EBITDA ($mm)
($1.47)
EBIT ($mm)
($2.00)
Net Income ($mm)
$1.47
Employees
120
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