Like Bellin Treasury Services Ltd

closed 6/12/2020 via BNC Analysis

Coupa Software, acquired Bellin Treasury Services Ltd

See 173 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:$458.37)
Coupa Software is the cloud platform for business spend management. They deliver “Value as a Service” by helping customers maximize their spend under management and drive profitability. Coupa provides a unified, cloud-based spend management platform that connects hundreds of organizations. "
 target: Bellin Treasury Services Ltd
BELLIN Group is a leading provider of treasury management software (TMS). With a long history in treasury, BELLIN's cloud-based TMS platform improves visibility and control over cash and optimizes treasury processes.
price ($mm)
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closed 3/2/2021 via GlobeNewswire

GTreasury, acquired Coprocess SA

See 170 Comparable Transactions
synopsis: GTreasury, a treasury and risk management platform provider, has acquired Switzerland-based Coprocess, the leading provider of intercompany netting solutions. The acquisition gives GTreasury fully-integrated netting technology to meet growing customer demand for global netting and reconciliation capabilities.
buyer: GTreasury
GTreasury is a global provider of leading digital Treasury and Risk Management System (TRMS) to corporate treasurers across industries. With its Software-as-a-Service platform, GTreasury provides customers with a single source of truth for all their cash, payments, and risk activities. "
 target: Coprocess SA
Based in Switzerland, Coprocess is the world's leading provider of intercompany netting software solutions. Coprocess offers multilateral netting through a browser-based corporate netting system, month end reconciliation, a centralized 3rd party bulk payment system, and more.
price ($mm)
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closed 2/3/2021 via BNC Analysis

Bottomline Technologies, acquired TreasuryXpress, Inc.

See 169 Comparable Transactions
synopsis: Bottomline Technologies, a US-based publicly listed payments company, has acquired TreasuryXpress, a provider of cloud-based treasury management software for corporations and banks. Bottomline's combination with TreasuryXpress enables the company to expand on its leading business payments capabilities.
buyer: Bottomline Technologies (EPAY:$450.74)
Bottomline makes complex business payments simple and secure. Corporations and banks rely on Bottomline for domestic and international payments, cash management, automated workflows for payment processing and bill review, fraud detection, behavioral analytics, and regulatory compliance solutions. "
 target: TreasuryXpress, Inc.
TreasuryXpress is a global fintech provider of treasury management software, allowing companies to achieve visibility, consolidate cash information, manage end-to-end payment processing, and distribute useful and critical reports.
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closed 1/19/2011 via BusinessWire

Reval, acquired ecofinance Finanzsoftware & Consulting GmbH

See 169 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 174 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)
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closed 8/26/2009 via BusinessWire

Reval, acquired FXpress Corporation

See 174 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)
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closed 5/2/2016 via BusinessWire

Trintech Group Plc, acquired Chesapeake System Solutions, Inc.

See 455 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 388 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)
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announced 3/28/2019 via Company Press Release

Bridgepoint, will acquire Kyriba Corporation

See 115 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 2354 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 11/23/2005 via BusinessWire

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

See 514 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:$2,934.60)
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 3/3/2015 via PR Newswire

Auction.com, acquired Channel Companes

See 79 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 9/1/2018 via BusinessWire

State Street Corporation, acquired Charles River Systems, Inc.

See 504 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 501 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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closed 12/16/2020 via Company Press Release

Perseus Group, acquired Selectapension

See 468 Comparable Transactions
synopsis: Perseus Group, an operating group of Constellation Software that acquires software companies, has acquired Selectapension, a UK-based provider of pension and investment planning software. Selectapension makes it easier to complete comprehensive analyses and compare products, enabling financial planners to deliver the best advice to their clients.
buyer parent: Constellation Software, Inc.
buyer: Perseus Group
The Perseus Group is an operating group of Constellation Software Inc. Perseus acquires and invests in software businesses that are committed to providing long-term solutions and life-long partnerships to customers. "
 target: Selectapension
Selectapension is a UK-based provider of pension and investment planning software for financial advisers. Selectapension’s software makes it easier to complete comprehensive analyses, and compare products and providers, enabling financial planners to deliver the best advice to their clients.
price ($mm)
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announced 10/10/2019 via PR Newswire

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

See 429 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 442 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)
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closed 7/17/2020 via Company Press Release

Universal Investment Gesellschaft mbH, acquired CapInside

See 463 Comparable Transactions
synopsis: Germany-based Universal-Investment Group has acquired CAPinside GmbH, a German independent B2B online platform for the investment market, focusing on fund marketing and sales initiation, becoming its majority shareholder. With the acquisition, Universal-Investment is further diversifying its distribution portfolio for fund initiators and managers.
buyer: Universal Investment Gesellschaft mbH
Headquartered in Frankfurt, Universal-Investment is the largest independent investment company in the German-speaking region. The company offers institutional investors and fund initiators administration services and solutions for structuring their funds, securities, and alternative investments. "
 target: CapInside
Germany-based CAPinside is an independent B2B online platform for the investment market, focusing on fund marketing and sales initiation. CAPinside creates access to relevant, tailor-made content as well as suitable and innovative products across all investment classes.
price ($mm)
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closed 2/28/2018 via PR Newswire

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

See 407 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 477 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.
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Pages:  
closed 9/30/2020 via Company Press Release

Bellin Treasury Services Ltd, acquired Much-Net GmbH

See 851 Comparable Transactions
synopsis: Global treasury technology leader BELLIN, a Coupa company, has acquired Much-Net GmbH, a leading financial instrument software and service provider in Germany. The acquisition of Much-Net will further strengthen and extend BELLIN’s valuation and risk management offering.
buyer parent: Coupa Software
buyer: Bellin Treasury Services Ltd
BELLIN, a Coupa company, is a global leader in treasury technology that caters to a range of clients. BELLIN offers solutions that zero in on the relationship between corporates and banks and cover everything from cash management to payments or multilateral netting. "
 target: Much-Net GmbH
Much-Net is a German financial instrument software and service provider. Its risk management engine exceeds the standard capabilities of treasury management systems and is aimed at the entire financial industry, including corporates, banks, investment funds, finance ministries, or insurances.
price ($mm)
rev ($mm)
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closed 6/12/2020 via BNC Analysis

Coupa Software, acquired Bellin Treasury Services Ltd

See 173 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:$458.37)
Coupa Software is the cloud platform for business spend management. They deliver “Value as a Service” by helping customers maximize their spend under management and drive profitability. Coupa provides a unified, cloud-based spend management platform that connects hundreds of organizations. "
 target: Bellin Treasury Services Ltd
BELLIN Group is a leading provider of treasury management software (TMS). With a long history in treasury, BELLIN's cloud-based TMS platform improves visibility and control over cash and optimizes treasury processes.
price ($mm)
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closed 11/2/2020 via PR Newswire

Coupa Software, acquired LLamasoft

See 492 Comparable Transactions
synopsis: Coupa Software, a leader in Business Spend Management (BSM), announced that it has acquired LLamasoft, a leader in AI-powered supply chain design and planning. Based in Ann Arbor, Mich., LLamasoft's technology is used by hundreds including brands such as Boeing, Danone S.A., Home Depot.
buyer: Coupa Software (COUP:$458.37)
Coupa Software is the cloud platform for business spend management. They deliver “Value as a Service” by helping customers maximize their spend under management and drive profitability. Coupa provides a unified, cloud-based spend management platform that connects hundreds of organizations. "
 target parent: TPG Capital
target: LLamasoft
Powered by advanced analytics, LLamasoft technology helps business leaders design operational strategies to achieve profitability and growth goals. The company creates a true end-to-end view of global supply chains to enable decisions along strategic, tactical and operational time horizons.
price ($mm)
$1,438
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/30/2020 via Company Press Release

Bellin Treasury Services Ltd, acquired Much-Net GmbH

See 851 Comparable Transactions
synopsis: Global treasury technology leader BELLIN, a Coupa company, has acquired Much-Net GmbH, a leading financial instrument software and service provider in Germany. The acquisition of Much-Net will further strengthen and extend BELLIN’s valuation and risk management offering.
buyer parent: Coupa Software
buyer: Bellin Treasury Services Ltd
BELLIN, a Coupa company, is a global leader in treasury technology that caters to a range of clients. BELLIN offers solutions that zero in on the relationship between corporates and banks and cover everything from cash management to payments or multilateral netting. "
 target: Much-Net GmbH
Much-Net is a German financial instrument software and service provider. Its risk management engine exceeds the standard capabilities of treasury management systems and is aimed at the entire financial industry, including corporates, banks, investment funds, finance ministries, or insurances.
price ($mm)
rev ($mm)
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closed 6/12/2020 via BNC Analysis

Coupa Software, acquired Bellin Treasury Services Ltd

See 173 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:$458.37)
Coupa Software is the cloud platform for business spend management. They deliver “Value as a Service” by helping customers maximize their spend under management and drive profitability. Coupa provides a unified, cloud-based spend management platform that connects hundreds of organizations. "
 target: Bellin Treasury Services Ltd
BELLIN Group is a leading provider of treasury management software (TMS). With a long history in treasury, BELLIN's cloud-based TMS platform improves visibility and control over cash and optimizes treasury processes.
price ($mm)
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closed 5/6/2020 via BNC Analysis

Coupa Software, acquired ConnXus Inc.

See 1061 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:$458.37)
Coupa Software is the cloud platform for business spend management. They deliver “Value as a Service” by helping customers maximize their spend under management and drive profitability. Coupa provides a unified, cloud-based spend management platform that connects hundreds of organizations. "
 target: ConnXus Inc.
ConnXus supplier management software solutions simplify the complexities of global supply chains and allow procurement professionals to achieve their goals of responsible and sustainable sourcing. ConnXus is a SBE certified company based in Ohio with local, regional and international capabilities.
price ($mm)
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closed 1/8/2020 via Company Press Release

Coupa Software, acquired Yapta

See 1980 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:$458.37)
Coupa Software is the cloud platform for business spend management. They deliver “Value as a Service” by helping customers maximize their spend under management and drive profitability. Coupa provides a unified, cloud-based spend management platform that connects hundreds of organizations. "
 target: Yapta
Yapta is a leader in travel price optimization. Yapta provides real-time price tracking of airfares and hotel rates across the globe via their FareIQ and RoomIQ solutions. Yapta has helped thousands of companies save an average of 2-4% of their corporate travel budgets.
price ($mm)
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announced 4/17/2019 via Company Press Release

Coupa Software, will acquire Exari

See 2982 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:$458.37)
Coupa Software is the cloud platform for business spend management. They deliver “Value as a Service” by helping customers maximize their spend under management and drive profitability. Coupa provides a unified, cloud-based spend management platform that connects hundreds of organizations. "
 target: Exari
Exari is a global leader in cloud-based Contract Lifecycle Management solutions. Used worldwide by legal, sales, insurance, investment banking, and government professionals, Exari solutions improve visibility into contract data and reduces costs, cycle time and risk.
price ($mm)
$215
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/12/2018 via PR Newswire

Coupa Software, acquired Hiperos, LLC

See 996 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:$458.37)
Coupa Software is the cloud platform for business spend management (BSM). They deliver “Value as a Service” by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. "
 target parent: Opus Global, Inc.
target: Hiperos, LLC
Hiperos is a leading third-party risk management provider. Their cloud application enables businesses to actively manage third-party risk and compliance, including advanced risks such as information security, bribery and corruption.
price ($mm)
$95
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/15/2018 via GlobeNewswire

Coupa Software, acquired Aquiire

See 1787 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:$458.37)
Coupa Software is the cloud platform for business spend management (BSM). They deliver “Value as a Service” by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. "
 target: Aquiire
Acquiire provides intelligent and intuitive real-time procurement shopping, guided buying, business intelligence, and supplier management tools in the industry. They are dedicated to creating solutions that solve customers' procurement and supplier relationship management challenges.
price ($mm)
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closed 9/4/2018 via GlobeNewswire

Coupa Software, acquired DCR Workforce

See 2196 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:$458.37)
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.
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closed 12/11/2017 via GlobeNewswire

Coupa Software, acquired Simeno

See 3969 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:$458.37)
Coupa Software is the cloud platform for business spend. They deliver “Value as a Service” by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. "
 target: Simeno
Simeno is a leader in cross-catalog search and advanced catalog management. Simeno creates localized content from third-party supplier sites to power cross-catalog searches, including content from many of the leading B2B marketplaces.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/17/2017 via GlobeNewswire

Coupa Software, acquired Deep Relevance, Inc.

See 3255 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:$458.37)
Coupa Software is the cloud platform for business spend. They deliver “Value as a Service” by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. "
 target: Deep Relevance, Inc.
Deep Relevance uses Artificial Intelligence (AI)-based behavior and relationship analytics to help identify individual employee and collusive fraud or other suspicious transactions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/17/2017 via GlobeNewswire

Coupa Software, acquired Riskopy, Inc.

See 42 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:$458.37)
Coupa Software is the cloud platform for business spend. They deliver “Value as a Service” by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. "
 target: Riskopy, Inc.
Riskopy is changing how financial services are delivered by providing data-driven insights on 100 million businesses. Leveraging contextualized data, finance providers can accurately calculate the cost of capital, and monitor their portfolio for risks and opportunities.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/10/2017 via GlobeNewswire

Coupa Software, acquired Spend360

See 2345 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:$458.37)
Coupa provides a unified, cloud-based spend management platform that connects hundreds of organizations representing the Americas, EMEA, and APAC with millions of suppliers globally. The Coupa platform provides greater visibility into and control over how companies spend money. "
 target: Spend360
Spend360 is an analytics solution that uses deep machine learning and artificial intelligence to structure and cleanse data in a format that finance and procurement can actually use.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/14/2016 via BusinessWire

Coupa Software, acquired Contractually

See 2303 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:$458.37)
Coupa Software, a leader in cloud-based spend management, enables businesses to recognize bottom-line financial success via Savings-as-a-Service. Coupa provides a suite of true cloud spend management applications, including invoicing, procurement, expense management, sourcing and inventory. "
 target: Contractually
Contractually makes the contracts process paperless for businesses and their lawyers. Their web software speeds up contract generation and the whole workflow of getting reviews, edits and signatures done, with all the people, parties and lawyers involved.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/20/2015 via BusinessWire

Coupa Software, acquired TripScanner, Inc.

See 1691 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:$458.37)
Coupa's suite of cloud applications amplify companies spending power and reduce costs. Coupa provides cloud applications for finance, including procurement, expense management and accounts payable that enables customers realize significant savings. "
 target: TripScanner, Inc.
TripScanner is a travel technology company based in Brooklyn, NY. TripScanner offers a simple, cost-effective way for businesses to control their travel expenses, while allowing employees the freedom to book through any website, app, or travel agency that they prefer.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/6/2015 via BNC Analysis

Coupa Software, acquired InvoiceSmash

See 1900 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:$458.37)
Coupa's suite of cloud applications amplify companies spending power and reduce costs. Coupa provides cloud applications for finance, including procurement, expense management and accounts payable that enables customers realize significant savings. "
 target: InvoiceSmash
InvoiceSmash is a cloud innovator pushing the technology boundaries of accounts payable and e-invoicing solutions. InvoiceSmash provides accounts payable invoice automation powered by cloud software.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/10/2013 via BusinessWire

Coupa Software, acquired Xpenser

See 11 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:$458.37)
Founded in 2006, Coupa Software is the leading provider of cloud-based spend optimization software. More than 300 customers in 40 countries use the Coupa suite of cloud applications to amplify their spend power and reduce spending costs up to 11 percent. "
 target: Xpenser
Xpenser provides time, receipt, and expense management from a multitude of devices and interfaces - using voice, email, sms, iPhone, instant messaging, Twitter, or the web, via a simple, intuitive format.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/22/2018 via PR Web

Smart ERP, acquired Provade, Inc.

See 2974 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 2974 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 2972 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 2836 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 3626 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 2836 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 2836 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 9/2/2020 via BusinessWire

Technology Crossover Ventures, acquired Oversight Systems, Inc.

See 2662 Comparable Transactions
synopsis: Oversight, the global leader in spend management technology, announced its acquisition by TCV, one of the largest growth equity firms backing private and public technology companies. TCV will acquire a majority interest from Luminate Capital Partners.
buyer: Technology Crossover Ventures
Founded in 1995, TCV provides capital to growth-stage private and public companies in the technology industry. TCV has invested over $13 billion in leading technology companies and has helped guide CEOs through more than 120 IPOs and strategic acquisitions. "
 target parent: Luminate Capital Partners
target: Oversight Systems, Inc.
The world's largest companies and government agencies trust Oversight to find and manage enterprise spend risk no matter where it resides. Oversight's AI-powered spend management platform monitors and analyzes 100% of spend transactions, reducing audit effort and eliminating data silos.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/10/2017 via GlobeNewswire

Coupa Software, acquired Spend360

See 2345 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:$458.37)
Coupa provides a unified, cloud-based spend management platform that connects hundreds of organizations representing the Americas, EMEA, and APAC with millions of suppliers globally. The Coupa platform provides greater visibility into and control over how companies spend money. "
 target: Spend360
Spend360 is an analytics solution that uses deep machine learning and artificial intelligence to structure and cleanse data in a format that finance and procurement can actually use.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/10/2021 via BNC Analysis

Mercell Holding AS, will acquire Negometrix

See 2864 Comparable Transactions
synopsis: Mercell Holding AS, a leading European provider of public e-tendering services, will acquire Negometrix B.V., a Dutch provider of e-procurement software solutions. Negometrix offers a complete e-procurement and contract management solution that streamlines the entire procurement process.
buyer: Mercell Holding AS (OB:MRCEL-ME:$18.25)
Mercell is a leading Nordic provider of eTender system and Tender Offers. Suppliers in all industries use Mercell eTender system to find tenders and contracts in the public sector. They simplify the public procurement process and makes it easy for the buyer to interact with suppliers. "
 target: Negometrix
Negometrix is a Dutch provider of e-procurement software solutions. Negometrix offers a complete e-procurement and contract management solution that streamlines the entire procurement process. Their software features solutions for e-sourcing, e-purchasing, contract management, and more.
price ($mm)
$33
rev ($mm)
$7
EBITDA ($mm)
EV / rev
4.5x
EV / EBITDA
closed 12/17/2020 via PR Newswire

ELMO Cloud HR & Payroll, acquired Webexpenses

See 2067 Comparable Transactions
synopsis: ELMO Software Limited, a cloud-based HR & Payroll software provider based in Australia, has acquired Webexpenses, a global business expense management platform. Webexpenses offers a cloud-based financial management software solution that automates business expenses, travel and invoices.
buyer: ELMO Cloud HR & Payroll (ASX:ELO:$37.73)
ELMO is Australia and New Zealand's only integrated cloud HR, payroll, and rostering/time and attendance solution that offers one vendor, one dashboard, and one user-experience. They provide technology to more than 1000 organizations, helping them to manage, engage, and inspire their people. "
 target: Webexpenses
Webexpenses is a global business expense management platform. Webexpenses offers a cloud-based financial management software solution that automates business expenses, travel and invoices. They enable businesses to be more efficient by improving the visibility of their company spending.
price ($mm)
$26
rev ($mm)
$6
EBITDA ($mm)
$1
EV / rev
7.4x
EV / EBITDA
58.3x
closed 11/25/2020 via Company Press Release

Citrus Solutions Oy, acquired Noventia Oy

See 1681 Comparable Transactions
synopsis: Helsinki-based Citrus Solutions Oy has acquired the entire share capital of Noventia Oy, a Finnish provider of eSourcing solutions. Noventia’s solutions for eSourcing, Supplier Management, and Contract Management are an excellent complement to Citrus’ Legal Tech service portfolio as well as its strong software development and product expertise.
buyer: Citrus Solutions Oy
Citrus is a Finnish software and solutions provider that specializes in legal tech services. The company's myGDPR Service is a SaaS solution that helps organizations meet their duties with regard to the EU’s General Data Protection Regulation. "
 target: Noventia Oy
Noventia is a Finnish provider of eSourcing solutions. The company's solution for eSourcing and Supplier management offers a platform for modern sourcing organizations to manage all supplier related information in both the public and private sectors.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/14/2020 via PR Newswire

EC Sourcing Group Inc., acquired BidMode, Inc.

See 1661 Comparable Transactions
synopsis: EC Sourcing Group, a provider of SaaS sourcing technology solutions, has acquired BidMode, a logistics and procurement software as a service company. With the acquisition, EC Sourcing Group has expanded its use of machine learning and AI, improved eSourcing & optimization, and increased analysis functionality from integrating BidMode's technology.
buyer: EC Sourcing Group Inc.
EC Sourcing Group is a global procurement technology solutions provider comprised of former sourcing and procurement veterans. The company offers on-demand supply management solutions for strategic sourcing professionals that are comprehensive, robust, and easy-to-use. "
 target: BidMode, Inc.
Bidmode is a logistics and procurement software as a service company. The company's best in class sourcing optimization software works in tandem with its analytics to identify opportunities and provide flexible, customized reporting.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/7/2020 via Company Press Release

Allocate Software Limited, acquired Selenity Limited

See 2990 Comparable Transactions
synopsis: The UK-based Allocate Software group has acquired Selenity Limited, a cloud based provider of HR and finance process management software headquartered in Lincolnshire. The addition of Selenity’s core HR process solutions to Allocate’s workforce platforms will transform the end-to-end people management processes of its 600 customers worldwide.
buyer parent: Vista Equity Partners
buyer: Allocate Software Limited (MSWEF:$25.50)
UK-based Allocate Software is a leading international provider of workforce and resource planning solutions, supporting the operational and administrative needs of healthcare, defence, and maritime sectors. "
 target: Selenity Limited
UK-based Selenity is a leader of cloud-tech providing solutions that reduce costs, increase efficiency, and ensure compliance to HR and Finance departments. Solutions include Selenity ER Tracker, a HR case management system, and Selenity Expenses, a configurable system for both desktop and mobile.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/19/2020 via BNC Analysis

DocuNordic, acquired VORTAL

See 1661 Comparable Transactions
synopsis: Vortal, a company specializing in electronic public procurement, was sold to DOCU Nordic, owned by the British fund Stirling Square Capital Partners. Based in Portugal, VORTAL is a worldwide leading company offering eSourcing and eProcurement solutions. In their cloud eMarketplace, thousands of buyers connect every day with qualified suppliers.
buyer parent: Stirling Square Capital Partners
buyer: DocuNordic
DOCU Nordic, owned by the British fund Stirling Square Capital Partners, is a leading company in the Nordic countries in the “marketing intelligence” business, with a presence in the Czech Republic and Slovakia. "
 target: VORTAL
Based in Portugal, VORTAL is a worldwide leading company offering eSourcing and eProcurement solutions. In their cloud eMarketplace, thousands of public and private buyers connect every day with an international community of qualified suppliers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/20/2019 via BNC Analysis

Medius, acquired Wax Digital Ltd.

See 1686 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 1661 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 1685 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 3000 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 (OB:MRCEL-ME:$18.25)
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 1622 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 ($mm)
EV / rev
EV / EBITDA
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Social Reality
Social Reality
Founded in 2010, Los Angeles-based Social Reality, Inc. is an Internet advertising company that provides tools that automate the digital advertising market. The company has built technologies and leveraged partner technologies that service social media and the real-time bidding (RTB) markets.
year
2020
rev ($mm)
$3.60
EBITDA ($mm)
($15.79)
EBIT ($mm)
($16.12)
Net Income ($mm)
Employees
35
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Ticker: TSX:CXI
 
 
 
 
 
 
 
 
Currency Exchange International, Corp.
Currency Exchange International, Corp.
Currency Exchange International (CXI) provides a range of foreign exchange technology and processing services. CXI offers products and services related to foreign currency exchange, as well as licensing of their proprietary FX software applications delivered on its web-based interface CEIFX.
year
2019
rev ($mm)
$39.72
EBITDA ($mm)
$7.05
EBIT ($mm)
$6.05
Net Income ($mm)
$3.74
Employees
294
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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
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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:
 
 
 
 
 
 
 
 
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: 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: PT
 
 
 
 
 
 
 
 
PINTEC
PINTEC
PINTEC is a leading independent technology platform enabling financial services in China. With its mission to "Power the Future of Finance", PINTEC aims to advance financial services by providing customizable and modular fintech solutions to its financial and business partners.
year
2018
rev ($mm)
$156.10
EBITDA ($mm)
$13.41
EBIT ($mm)
$12.65
Net Income ($mm)
$0.96
Employees
432
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Ticker: GB:FFA.GB
 
 
 
 
 
 
 
 
FFastFill plc
FFastFill plc
FFastFill is the leading provider of Software as a Service to the global derivatives community, using the latest developments in technology to automate trade flow processes across a firm's front, middle and back offices.
year
2011
rev ($mm)
$24.91
EBITDA ($mm)
$6.69
EBIT ($mm)
$3.39
Net Income ($mm)
$2.90
Employees
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Ticker:
 
 
 
 
 
 
 
 
Censof Holdings Berhad
Censof, an investment holding company, develops and markets financial management software in Malaysia and Indonesia. It operates Financial Management Software Solution, Payment Aggregation Solutions, Wealth Management Solutions, Training Solution, and Information Communication Technology segments.
year
2018
rev ($mm)
$18.80
EBITDA ($mm)
($1.81)
EBIT ($mm)
($1.93)
Net Income ($mm)
Employees
0
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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)
$458.37
EBITDA ($mm)
($42.72)
EBIT ($mm)
($77.66)
Net Income ($mm)
Employees
1693
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Ticker: ENXTBR:UPG
 
 
 
 
 
 
 
 
UnifiedPost
Unifiedpost Group wants to become the leading cloud-based platform for SME business services built on “Documents”, “Identity” and “Payments”. Unifiedpost operates and develops a 100% cloud-based platform for administrative and financial services.
year
2020
rev ($mm)
$72.78
EBITDA ($mm)
($14.43)
EBIT ($mm)
($20.16)
Net Income ($mm)
Employees
757
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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: OB:HOC-ME
 
 
 
 
 
 
 
 
House of Control
House of Control
House of Control is the leading Nordic SaaS company for commercial value management solutions. House of Control develops digital tools to help CFOs improve the performance of their finance department and company. They offer solutions for contract management, compliance, procurement, and more.
year
2019
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
0
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Ticker: OB:MRCEL-ME
 
 
 
 
 
 
 
 
Mercell Holding AS
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.
year
2019
rev ($mm)
$18.25
EBITDA ($mm)
$0.75
EBIT ($mm)
($4.85)
Net Income ($mm)
Employees
187
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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
2020
rev ($mm)
$288.83
EBITDA ($mm)
$22.06
EBIT ($mm)
$13.39
Net Income ($mm)
$30.65
Employees
1370
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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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