By Electra Information Systems, Inc.

closed 5/26/2021 via BNC Analysis

Gresham Computing, acquired Electra Information Systems, Inc.

synopsis: Global fintech Gresham Technologies plc that specializes in providing real-time solutions for data integrity and control, banking integration, and payments and cash management, has announced its agreement to acquire post-trade automation specialists, Electra Information Systems, Inc.
buyer: Gresham Computing (LSE:GHT:$32.28)
Gresham Computing plc is a leading software and services company that specialises in providing real-time transaction control and enterprise data integrity solutions. Gresham’s Clareti software platform is designed to provide financial institutions with complete certainty in their data processing. "
target: Electra Information Systems, Inc.
Electra provides post-trade operations workflow solutions and data services for reconciliation, trade matching, settlement and fee billing to global institutional buy-side firms. Firms can quickly scale to business demands and gain value from their patented technology across the post-trade process.
price ($mm)
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EV / EBITDA
closed 5/26/2021 via BNC Analysis

Gresham Computing, acquired Electra Information Systems, Inc.

synopsis: Global fintech Gresham Technologies plc that specializes in providing real-time solutions for data integrity and control, banking integration, and payments and cash management, has announced its agreement to acquire post-trade automation specialists, Electra Information Systems, Inc.
buyer: Gresham Computing (LSE:GHT:$32.28)
Gresham Computing plc is a leading software and services company that specialises in providing real-time transaction control and enterprise data integrity solutions. Gresham’s Clareti software platform is designed to provide financial institutions with complete certainty in their data processing. "
target: Electra Information Systems, Inc.
Electra provides post-trade operations workflow solutions and data services for reconciliation, trade matching, settlement and fee billing to global institutional buy-side firms. Firms can quickly scale to business demands and gain value from their patented technology across the post-trade process.
price ($mm)
rev ($mm)
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closed 4/13/2018 via Company Press Release

ESW Capital, LLC, acquired Firm58

synopsis: ESW Capital, LLC, announced that it has acquired Firm58, one of the most respected names in trading firm and broker dealer back-office automation solutions. Firm58 provides growth-conscious capital markets firms a suite of powerful, web-based automation technologies that improve post-trade processes and increase efficiency.
buyer: ESW Capital, LLC
Based in Austin, Texas, Enterprise Software (ESW) Capital has honed a finely-tuned methodology focused on buying, strengthening, and growing mature business software companies. ESW and its affiliated companies have been in the enterprise software space since 1988. "
target: Firm58
Firm58 simplifies trade operations for capital markets firms. Their web-based financial management software manages the processes associated with fees, commissions and payouts. They offer solutions for billing, profit/expense analysis, commission sharing arrangements and compliance & surveillance.
price ($mm)
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closed 7/1/2021 via PR Newswire

Banyan Software, acquired HWA International Inc.

synopsis: Banyan Software, Inc., a company focused on acquiring, building and growing great enterprise software businesses, has acquired HWA International Inc., a leader in trust accounting software that addresses the reporting and regulatory complexities of trust administration.
buyer: Banyan Software
Banyan Software acquires, builds, and grows great enterprise software businesses. With a permanent capital base, Banyan focuses on a buy and hold for life strategy for growing software companies that serve specialized markets. "
target: HWA International Inc.
HWA International Inc. is a leader in trust accounting software that addresses the reporting and regulatory complexities of trust administration. Headquartered in Tennessee, HWA International has been providing reliable and affordable tools for efficient portfolio management and trust operations.
price ($mm)
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closed 4/16/2020 via BusinessWire

BitGo, acquired Lumina Technologies, Inc.

synopsis: BitGo, the leader in digital asset financial services, announced that it acquired Lumina, a comprehensive crypto-native financial platform. Lumina is trusted by leading investment funds, enterprises, and professionals who demand an institutional-grade solution.
buyer: BitGo
BitGo is the leader in digital asset financial services, providing institutional investors with security, custody, and liquidity solutions. BitGo processes over 20% of all global bitcoin transactions, and supports over 200 coins and tokens. "
target: Lumina Technologies, Inc.
Lumina is a comprehensive crypto-native financial platform. Lumina is trusted by leading investment funds, enterprises, and professionals who demand an institutional-grade solution. Their platform offers solutions for portfolio management, accounting and tax, pricing and transaction APIs, and more.
price ($mm)
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closed 4/19/2017 via PR Newswire

Asset Vantage, acquired Financial Navigator Inc.

synopsis: Asset Vantage Inc., creators of the most sophisticated cloud/mobile-based asset management, accounting and reporting system on the market, announced that it has acquired Santa Clara-based Financial Navigator Inc., a leading US provider of integrated general ledger and portfolio tracking software focused on the wealth management market.
buyer parent: UniDEL Group
buyer: Asset Vantage
Asset Vantage was founded as a next generation, cloud/mobile based asset management, accounting and reporting system catering to the complex and discreet financial needs of customers ranging from individual wealth holders to fully staffed family offices and those professionals that service them. "
target: Financial Navigator Inc.
Financial Navigator provides accounting and financial software. The end-to-end software enables clients to aggregate data from managers and reporting entities, analyze investment performance and risk, prepare financial statements and consolidated reports, & confidentially share selected information.
price ($mm)
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closed 12/2/2014 via GlobeNewswire

SS&C Technologies, Inc., acquired DST Global Solutions Limited

synopsis: SS&C Technologies Holdings, Inc., a global provider of financial services software and software-enabled services, announced that it has acquired DST Global Solutions Ltd., a leading provider of technology solutions and services to financial and utilities organisations across the globe.
buyer: SS&C Technologies, Inc. (SSNC:$4,669.30)
SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. "
target parent: DST Systems, Inc.
target: DST Global Solutions Limited
DST Global Solutions is a leading provider of technology solutions and services to financial and utilities organisations. They focus on powering the data driven investment industry by offering financial technology solutions to the world’s investment and wealth management industry.
price ($mm)
$95
rev ($mm)
$63
EBITDA ($mm)
EV / rev
1.5x
EV / EBITDA
closed 7/9/2014 via Company Press Release

Cassiopae, purchased Accounting and Transactional Operations from Taliance SAS

synopsis: Taliance, a global analytics provider serving the real estate and alternative investments marketplace, has announced the disposition of its back office-focused accounting and transactional solutions to Cassiopae, a finance and asset management software provider.
buyer: Cassiopae
Cassiopae is a leading provider of global finance and asset management solutions worldwide. Cassiopae Loan and Lease system was designed from the start as a multi-asset, multi-country solution that can handle all of clients' asset finance software needs in a single product. "
seller: Taliance SAS
Taliance's accounting and transactional operations include staff, software and clients dedicated to back-office operations. Taliance is a global analytics provider serving the real estate and alternative investments marketplace.
price ($mm)
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announced 2/9/2011 via PR Newswire

BV Investment Partners, will acquire FORS Limited

synopsis: BV Investment Partners (formerly Boston Ventures), a leading middle market private equity firm, has announced it has signed an agreement to acquire FORS Limited, an independent global organization providing accounting and reporting solutions to Family Offices, Multi-Family Offices, Trust Companies and Private Clients.
buyer: BV Investment Partners
BV Investment Partners is one of the oldest and most experienced sector-focused private equity firms in North America. The firm actively targets investments in the information and business services, communications and media industries. "
target: FORS Limited
FORS Limited is an independent global organization providing accounting and reporting solutions to Family Offices, Multi-Family Offices, Trust Companies and Private Clients. FORS has offices in Bermuda, New York, Singapore and Toronto.
price ($mm)
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closed 4/28/2004 via PR Newswire

Datafaction Inc., acquired Datafaction Inc.

synopsis: Datafaction Inc., a developer of accounting software for CPAs, business managers, high net-worth planners and production companies, today announced that its former owner and chief executive officer, Brian Kleinman, has acquired the company in a cash purchase transaction with parent company Best Software, a subsidiary of The Sage Group plc.
buyer: Datafaction Inc.
Datafaction is a total solutions computer company that provides accounting software for CPAs/ Business Managers in the Entertainment Industry, high net- worth planners and Production Companies. Since 1976 Datafaction has been involved in all phases of the design, programming, installation, training "
target parent: The Sage Group plc.
target: Datafaction Inc.
Datafaction is a total solutions computer company that provides accounting software for CPAs/ Business Managers in the Entertainment Industry, high net- worth planners and Production Companies. Since 1976 Datafaction has been involved in all phases of the design, programming, installation, training
price ($mm)
rev ($mm)
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closed 12/14/2017 via PR Newswire

MRI Software LLC, acquired MDA Property Systems (Pty) Ltd.

synopsis: MRI Software, a global leader in real estate software solutions, announced the acquisition of MDA Property Systems, a property management and accounting software company based in Cape Town, South Africa. MDA dominates the South African real estate market, with approximately 5,000 users and 70% of South Africa's listed REITs using their software.
buyer: MRI Software LLC
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI's comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management to analytics. "
target: MDA Property Systems (Pty) Ltd.
After developing and delivering property management solutions for nearly three decades, MDA Property Systems is the acknowledged leader in Africa. MDA Property Manager provides comprehensive software for property and facility managers, with integrated accounting and real-time financial reporting.
price ($mm)
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closed 6/1/2009 via BusinessWire

SS&C Technologies, Inc., purchased MAXIMIS software from Unisys Corporation

synopsis: SS&C Technologies, Inc., a global provider of financial services software and software-enabled services, announced that it has acquired the assets and related business associated with Unisys Corporation’s MAXIMIS software, investment accounting software designed to meet the regulatory and management reporting needs of institutional investors.
buyer parent: The Carlyle Group
buyer: 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. "
seller: Unisys Corporation (UIS:$2,020.70)
Unisys is a worldwide information technology company. We specialize in helping clients secure their operations, increase the efficiency and utilization of their data centers, enhance support to their end users and constituents, and modernize their enterprise applications.
price ($mm)
$6.91
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/8/2016 via Company Press Release

LineData Services, acquired Derivation Software

synopsis: Linedata, the global solutions provider dedicated to the investment management, insurance and credit industries, completed the acquisition of Derivation, a leading specialist provider of risk, analytics, and portfolio management solutions to institutional and hedge fund managers.
buyer: LineData Services (ENXTPA:LIN:$197.04)
Linedata is a global solutions provider dedicated to the investment management and credit community. Linedata applies its market and client insight to provide innovative and flexible mission-critical software and services that help its clients grow in over 50 countries. "
target: Derivation Software
Derivation provides market-leading integrated accounting, trading and risk management solutions. Derivation was established in 1996, its founders having spent the previous 10 years developing derivative trading & risk management systems at ABN AMRO and NatWest Markets.
price ($mm)
rev ($mm)
$3
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 8/30/2006 via

CCH Incorporated, acquired ATX / Kleinrock

synopsis: CCH, a Wolters Kluwer business and part of the Wolters Kluwer Tax, Accounting & Legal division, today announced that it has signed an agreement to acquire the assets of ATX/Kleinrock. ATX/Kleinrock supplies tax preparation, accounting and tax research software solutions to more than 48,000 tax professionals and CPAs throughout the U.S.
buyer parent: Wolters Kluwer NV
buyer: CCH Incorporated
CCH, a Wolters Kluwer business is a leading provider of tax and accounting law information, software and services. Among its market-leading products are The ProSystem fx® Office, CCH® Tax Research NetWork™, Accounting Research Manager® and the U.S. Master Tax Guide®. "
target parent: United Communications Group L.P.
target: ATX / Kleinrock
Kleinrock develops the world-class research and analysis tools that are part of ATX's integrated solutions for tax and accounting professionals. These premium value tools help professionals respond quickly and authoritatively to all of their clients' tax planning and compliance questions.
price ($mm)
rev ($mm)
$40
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 5/10/2006 via BNC Analysis

Markit Group Ltd., acquired Communicator Inc

synopsis: Market data vendor Markit Group has acquired Communicator, a New York-based provider of automated systems for OTC derivatives trade processing. Financial terms of the deal were not disclosed.
buyer: Markit Group Ltd. (MRKT:$1,129.70)
Markit Group Limited is the leading provider of independent pricing, reference data, portfolio valuations and OTC derivatives trade processing to the global financial and commodities markets. "
target: Communicator Inc
Communicator Inc provides a suite of secure software and services that connect the right people to the right information in real-time. We specialize in identity-based communications solutions across departments, organizations, locations and time zones — the ‘extended enterprise’.
price ($mm)
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closed 7/3/2006 via BusinessWire

Online Resources Corp, acquired Princeton eCom Corporation

synopsis: Online Resources Corporation, a leading provider of web-based financial services has completed its acquisition of Princeton eCom Corporation and has filed with the Securities & Exchange Commission. As previously announced, the acquisition price was $180 million in cash, plus an earn-out up to $10 million.
buyer: Online Resources Corp (ORCC:$154.68)
Online Resources powers Web-based financial services for over 2700 financial institutions, billers and credit service providers. Its proprietary suite of account presentation and payment services are augmented by marketing services to drive consumer and business end-user adoption. "
target: Princeton eCom Corporation
A leader in delivering flexible, trusted electronic payment solutions that are proven to improve business. The company has focused exclusively on payment processing, enabling us to cultivate the expertise to deliver the industry's most powerful, integrated and versatile range of payment solutions.
price ($mm)
$166
rev ($mm)
$39
EBITDA ($mm)
EV / rev
4.9x
EV / EBITDA
closed 6/13/2005 via BusinessWire

Fiserv, Inc., acquired Interactive Technologies, Inc.

synopsis: Fiserv, Inc. has acquired Interactive Technologies, Inc., a developer of fee management and billing software for large and mid-sized financial services organizations, in a move that will enable Fiserv to offer a new product to larger organizations and add new functionality to existing products.
buyer: Fiserv, Inc. (FISV:$14,852.00)
Fiserv, Inc. provides information management systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, business process outsourcing software and systems solutions. "
target: Interactive Technologies, Inc.
Interactive Technologies develops software that enables large international and domestic banks, investment management companies, depositories, exchanges and other high-end providers of financial services to better manage customized fee arrangements.
price ($mm)
rev ($mm)
$10
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 10/1/2019 via Company Press Release

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

synopsis: Broadridge Financial Solutions, Inc., a global Fintech leader, has acquired Shadow Financial Systems, Inc., a provider of multi-asset class post-trade solutions for the capital markets industry. Shadow Financial Systems offers a SaaS-based solution for middle and back-office post-trade processing, reconciliation, clearing, treasury and accounting.
buyer: Broadridge Financial Solutions, Inc. (BR:$4,824.00)
Broadridge Financial Solutions, Inc. is a leading provider of investor communications and technology-driven solutions to banks, broker-dealers, asset managers and corporate issuers globally. Broadridge helps clients reduce their capital investments in operations infrastructure. "
target: Shadow Financial Services Corporation
Shadow Financial Systems is a provider of multi-asset class post-trade solutions for the capital markets industry. Shadow Financial Systems offers ShadowSuite, a SaaS-based solution for middle and back-office post-trade processing, reconciliation, clearing, treasury and accounting.
price ($mm)
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announced 5/23/2012 via Yahoo, Inc.

Reinsurance Technologies Ltd. will be merged with Ludvik Holdings Inc,

synopsis: Reinsurance Technologies has merged with Ludvik Holdings, Inc. Reinsurance Technologies Ltd. is a software product company that engages in the design, development, marketing, and support of Web-based software solution used by insurance and reinsurance companies.
buyer: Ludvik Holdings Inc
Ludvik Holdings has investments in public and private companies. It provides long-term equity and debt investment capital to fund growth, acquisitions and recapitalizations of small and middle-market companies in a variety of industries primarily located in the U.S. "
target: Reinsurance Technologies Ltd.
Reinsurance Technologies Ltd., a software product company, engages in the design, development, marketing, and support of Web-based software solution used by insurance and reinsurance companies to facilitate and support critical back-office business processes.
price ($mm)
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closed 9/4/2019 via Company Press Release

Broadridge Financial Solutions, Inc., acquired Financial Database Services

synopsis: Broadridge Financial Solutions, a leading provider of investor communications and technology-driven solutions, has acquired Financial Database Services, a trusted provider of compensation management, compliance and advisor onboarding solutions for the wealth management industry.
buyer: Broadridge Financial Solutions, Inc. (BR:$4,824.00)
Broadridge Financial Solutions, Inc. is a leading provider of investor communications and technology-driven solutions to banks, broker-dealers, asset managers and corporate issuers globally. Broadridge helps clients reduce their capital investments in operations infrastructure. "
target: Financial Database Services
Financial Database Services, the developer of the CAESAR suite of products, provides a modular suite of compensation and compliance tools to the wealth management industry, including advisor onboarding and analytics solutions.
price ($mm)
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closed 8/23/2019 via BNC Analysis

Bravura Solutions Limited, acquired Midwinter Financial Services

synopsis: ASX-listed financial software vendor Bravura Solutions has acquired financial planning software-as-a-service provider Midwinter. Sydney-based Midwinter develops the financial planning software AdviceOS, which offers back office administration for financial advisers and self-directed digital advice portals for superannuation funds.
buyer: Bravura Solutions Limited (:$194.13)
Bravura Solutions is a leading provider of software solutions for the wealth management, life insurance and fund administration industries, underpinned by functionally rich technology that enables modernisation, consolidation and simplification. "
target: Midwinter Financial Services
Sydney-based Midwinter develops the financial planning software AdviceOS, which offers back office administration for financial advisers and self-directed digital advice portals for superannuation funds.
price ($mm)
$34
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/26/2021 via BNC Analysis

Gresham Computing, acquired Electra Information Systems, Inc.

synopsis: Global fintech Gresham Technologies plc that specializes in providing real-time solutions for data integrity and control, banking integration, and payments and cash management, has announced its agreement to acquire post-trade automation specialists, Electra Information Systems, Inc.
buyer: Gresham Computing (LSE:GHT:$32.28)
Gresham Computing plc is a leading software and services company that specialises in providing real-time transaction control and enterprise data integrity solutions. Gresham’s Clareti software platform is designed to provide financial institutions with complete certainty in their data processing. "
target: Electra Information Systems, Inc.
Electra provides post-trade operations workflow solutions and data services for reconciliation, trade matching, settlement and fee billing to global institutional buy-side firms. Firms can quickly scale to business demands and gain value from their patented technology across the post-trade process.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/13/2018 via Company Press Release

ESW Capital, LLC, acquired Firm58

synopsis: ESW Capital, LLC, announced that it has acquired Firm58, one of the most respected names in trading firm and broker dealer back-office automation solutions. Firm58 provides growth-conscious capital markets firms a suite of powerful, web-based automation technologies that improve post-trade processes and increase efficiency.
buyer: ESW Capital, LLC
Based in Austin, Texas, Enterprise Software (ESW) Capital has honed a finely-tuned methodology focused on buying, strengthening, and growing mature business software companies. ESW and its affiliated companies have been in the enterprise software space since 1988. "
target: Firm58
Firm58 simplifies trade operations for capital markets firms. Their web-based financial management software manages the processes associated with fees, commissions and payouts. They offer solutions for billing, profit/expense analysis, commission sharing arrangements and compliance & surveillance.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/1/2021 via PR Newswire

Banyan Software, acquired HWA International Inc.

synopsis: Banyan Software, Inc., a company focused on acquiring, building and growing great enterprise software businesses, has acquired HWA International Inc., a leader in trust accounting software that addresses the reporting and regulatory complexities of trust administration.
buyer: Banyan Software
Banyan Software acquires, builds, and grows great enterprise software businesses. With a permanent capital base, Banyan focuses on a buy and hold for life strategy for growing software companies that serve specialized markets. "
target: HWA International Inc.
HWA International Inc. is a leader in trust accounting software that addresses the reporting and regulatory complexities of trust administration. Headquartered in Tennessee, HWA International has been providing reliable and affordable tools for efficient portfolio management and trust operations.
price ($mm)
rev ($mm)
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EV / EBITDA
closed 4/16/2020 via BusinessWire

BitGo, acquired Lumina Technologies, Inc.

synopsis: BitGo, the leader in digital asset financial services, announced that it acquired Lumina, a comprehensive crypto-native financial platform. Lumina is trusted by leading investment funds, enterprises, and professionals who demand an institutional-grade solution.
buyer: BitGo
BitGo is the leader in digital asset financial services, providing institutional investors with security, custody, and liquidity solutions. BitGo processes over 20% of all global bitcoin transactions, and supports over 200 coins and tokens. "
target: Lumina Technologies, Inc.
Lumina is a comprehensive crypto-native financial platform. Lumina is trusted by leading investment funds, enterprises, and professionals who demand an institutional-grade solution. Their platform offers solutions for portfolio management, accounting and tax, pricing and transaction APIs, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
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closed 4/19/2017 via PR Newswire

Asset Vantage, acquired Financial Navigator Inc.

synopsis: Asset Vantage Inc., creators of the most sophisticated cloud/mobile-based asset management, accounting and reporting system on the market, announced that it has acquired Santa Clara-based Financial Navigator Inc., a leading US provider of integrated general ledger and portfolio tracking software focused on the wealth management market.
buyer parent: UniDEL Group
buyer: Asset Vantage
Asset Vantage was founded as a next generation, cloud/mobile based asset management, accounting and reporting system catering to the complex and discreet financial needs of customers ranging from individual wealth holders to fully staffed family offices and those professionals that service them. "
target: Financial Navigator Inc.
Financial Navigator provides accounting and financial software. The end-to-end software enables clients to aggregate data from managers and reporting entities, analyze investment performance and risk, prepare financial statements and consolidated reports, & confidentially share selected information.
price ($mm)
rev ($mm)
EBITDA ($mm)
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closed 12/2/2014 via GlobeNewswire

SS&C Technologies, Inc., acquired DST Global Solutions Limited

synopsis: SS&C Technologies Holdings, Inc., a global provider of financial services software and software-enabled services, announced that it has acquired DST Global Solutions Ltd., a leading provider of technology solutions and services to financial and utilities organisations across the globe.
buyer: SS&C Technologies, Inc. (SSNC:$4,669.30)
SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. "
target parent: DST Systems, Inc.
target: DST Global Solutions Limited
DST Global Solutions is a leading provider of technology solutions and services to financial and utilities organisations. They focus on powering the data driven investment industry by offering financial technology solutions to the world’s investment and wealth management industry.
price ($mm)
$95
rev ($mm)
$63
EBITDA ($mm)
EV / rev
1.5x
EV / EBITDA
closed 7/9/2014 via Company Press Release

Cassiopae, purchased Accounting and Transactional Operations from Taliance SAS

synopsis: Taliance, a global analytics provider serving the real estate and alternative investments marketplace, has announced the disposition of its back office-focused accounting and transactional solutions to Cassiopae, a finance and asset management software provider.
buyer: Cassiopae
Cassiopae is a leading provider of global finance and asset management solutions worldwide. Cassiopae Loan and Lease system was designed from the start as a multi-asset, multi-country solution that can handle all of clients' asset finance software needs in a single product. "
seller: Taliance SAS
Taliance's accounting and transactional operations include staff, software and clients dedicated to back-office operations. Taliance is a global analytics provider serving the real estate and alternative investments marketplace.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
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announced 2/9/2011 via PR Newswire

BV Investment Partners, will acquire FORS Limited

synopsis: BV Investment Partners (formerly Boston Ventures), a leading middle market private equity firm, has announced it has signed an agreement to acquire FORS Limited, an independent global organization providing accounting and reporting solutions to Family Offices, Multi-Family Offices, Trust Companies and Private Clients.
buyer: BV Investment Partners
BV Investment Partners is one of the oldest and most experienced sector-focused private equity firms in North America. The firm actively targets investments in the information and business services, communications and media industries. "
target: FORS Limited
FORS Limited is an independent global organization providing accounting and reporting solutions to Family Offices, Multi-Family Offices, Trust Companies and Private Clients. FORS has offices in Bermuda, New York, Singapore and Toronto.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/28/2004 via PR Newswire

Datafaction Inc., acquired Datafaction Inc.

synopsis: Datafaction Inc., a developer of accounting software for CPAs, business managers, high net-worth planners and production companies, today announced that its former owner and chief executive officer, Brian Kleinman, has acquired the company in a cash purchase transaction with parent company Best Software, a subsidiary of The Sage Group plc.
buyer: Datafaction Inc.
Datafaction is a total solutions computer company that provides accounting software for CPAs/ Business Managers in the Entertainment Industry, high net- worth planners and Production Companies. Since 1976 Datafaction has been involved in all phases of the design, programming, installation, training "
target parent: The Sage Group plc.
target: Datafaction Inc.
Datafaction is a total solutions computer company that provides accounting software for CPAs/ Business Managers in the Entertainment Industry, high net- worth planners and Production Companies. Since 1976 Datafaction has been involved in all phases of the design, programming, installation, training
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/14/2017 via PR Newswire

MRI Software LLC, acquired MDA Property Systems (Pty) Ltd.

synopsis: MRI Software, a global leader in real estate software solutions, announced the acquisition of MDA Property Systems, a property management and accounting software company based in Cape Town, South Africa. MDA dominates the South African real estate market, with approximately 5,000 users and 70% of South Africa's listed REITs using their software.
buyer: MRI Software LLC
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI's comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management to analytics. "
target: MDA Property Systems (Pty) Ltd.
After developing and delivering property management solutions for nearly three decades, MDA Property Systems is the acknowledged leader in Africa. MDA Property Manager provides comprehensive software for property and facility managers, with integrated accounting and real-time financial reporting.
price ($mm)
rev ($mm)
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closed 6/1/2009 via BusinessWire

SS&C Technologies, Inc., purchased MAXIMIS software from Unisys Corporation

synopsis: SS&C Technologies, Inc., a global provider of financial services software and software-enabled services, announced that it has acquired the assets and related business associated with Unisys Corporation’s MAXIMIS software, investment accounting software designed to meet the regulatory and management reporting needs of institutional investors.
buyer parent: The Carlyle Group
buyer: 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. "
seller: Unisys Corporation (UIS:$2,020.70)
Unisys is a worldwide information technology company. We specialize in helping clients secure their operations, increase the efficiency and utilization of their data centers, enhance support to their end users and constituents, and modernize their enterprise applications.
price ($mm)
$6.91
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/8/2016 via Company Press Release

LineData Services, acquired Derivation Software

synopsis: Linedata, the global solutions provider dedicated to the investment management, insurance and credit industries, completed the acquisition of Derivation, a leading specialist provider of risk, analytics, and portfolio management solutions to institutional and hedge fund managers.
buyer: LineData Services (ENXTPA:LIN:$197.04)
Linedata is a global solutions provider dedicated to the investment management and credit community. Linedata applies its market and client insight to provide innovative and flexible mission-critical software and services that help its clients grow in over 50 countries. "
target: Derivation Software
Derivation provides market-leading integrated accounting, trading and risk management solutions. Derivation was established in 1996, its founders having spent the previous 10 years developing derivative trading & risk management systems at ABN AMRO and NatWest Markets.
price ($mm)
rev ($mm)
$3
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 8/30/2006 via

CCH Incorporated, acquired ATX / Kleinrock

synopsis: CCH, a Wolters Kluwer business and part of the Wolters Kluwer Tax, Accounting & Legal division, today announced that it has signed an agreement to acquire the assets of ATX/Kleinrock. ATX/Kleinrock supplies tax preparation, accounting and tax research software solutions to more than 48,000 tax professionals and CPAs throughout the U.S.
buyer parent: Wolters Kluwer NV
buyer: CCH Incorporated
CCH, a Wolters Kluwer business is a leading provider of tax and accounting law information, software and services. Among its market-leading products are The ProSystem fx® Office, CCH® Tax Research NetWork™, Accounting Research Manager® and the U.S. Master Tax Guide®. "
target parent: United Communications Group L.P.
target: ATX / Kleinrock
Kleinrock develops the world-class research and analysis tools that are part of ATX's integrated solutions for tax and accounting professionals. These premium value tools help professionals respond quickly and authoritatively to all of their clients' tax planning and compliance questions.
price ($mm)
rev ($mm)
$40
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 5/10/2006 via BNC Analysis

Markit Group Ltd., acquired Communicator Inc

synopsis: Market data vendor Markit Group has acquired Communicator, a New York-based provider of automated systems for OTC derivatives trade processing. Financial terms of the deal were not disclosed.
buyer: Markit Group Ltd. (MRKT:$1,129.70)
Markit Group Limited is the leading provider of independent pricing, reference data, portfolio valuations and OTC derivatives trade processing to the global financial and commodities markets. "
target: Communicator Inc
Communicator Inc provides a suite of secure software and services that connect the right people to the right information in real-time. We specialize in identity-based communications solutions across departments, organizations, locations and time zones — the ‘extended enterprise’.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/3/2006 via BusinessWire

Online Resources Corp, acquired Princeton eCom Corporation

synopsis: Online Resources Corporation, a leading provider of web-based financial services has completed its acquisition of Princeton eCom Corporation and has filed with the Securities & Exchange Commission. As previously announced, the acquisition price was $180 million in cash, plus an earn-out up to $10 million.
buyer: Online Resources Corp (ORCC:$154.68)
Online Resources powers Web-based financial services for over 2700 financial institutions, billers and credit service providers. Its proprietary suite of account presentation and payment services are augmented by marketing services to drive consumer and business end-user adoption. "
target: Princeton eCom Corporation
A leader in delivering flexible, trusted electronic payment solutions that are proven to improve business. The company has focused exclusively on payment processing, enabling us to cultivate the expertise to deliver the industry's most powerful, integrated and versatile range of payment solutions.
price ($mm)
$166
rev ($mm)
$39
EBITDA ($mm)
EV / rev
4.9x
EV / EBITDA
closed 6/13/2005 via BusinessWire

Fiserv, Inc., acquired Interactive Technologies, Inc.

synopsis: Fiserv, Inc. has acquired Interactive Technologies, Inc., a developer of fee management and billing software for large and mid-sized financial services organizations, in a move that will enable Fiserv to offer a new product to larger organizations and add new functionality to existing products.
buyer: Fiserv, Inc. (FISV:$14,852.00)
Fiserv, Inc. provides information management systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, business process outsourcing software and systems solutions. "
target: Interactive Technologies, Inc.
Interactive Technologies develops software that enables large international and domestic banks, investment management companies, depositories, exchanges and other high-end providers of financial services to better manage customized fee arrangements.
price ($mm)
rev ($mm)
$10
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 10/1/2019 via Company Press Release

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

synopsis: Broadridge Financial Solutions, Inc., a global Fintech leader, has acquired Shadow Financial Systems, Inc., a provider of multi-asset class post-trade solutions for the capital markets industry. Shadow Financial Systems offers a SaaS-based solution for middle and back-office post-trade processing, reconciliation, clearing, treasury and accounting.
buyer: Broadridge Financial Solutions, Inc. (BR:$4,824.00)
Broadridge Financial Solutions, Inc. is a leading provider of investor communications and technology-driven solutions to banks, broker-dealers, asset managers and corporate issuers globally. Broadridge helps clients reduce their capital investments in operations infrastructure. "
target: Shadow Financial Services Corporation
Shadow Financial Systems is a provider of multi-asset class post-trade solutions for the capital markets industry. Shadow Financial Systems offers ShadowSuite, a SaaS-based solution for middle and back-office post-trade processing, reconciliation, clearing, treasury and accounting.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/23/2012 via Yahoo, Inc.

Reinsurance Technologies Ltd. will be merged with Ludvik Holdings Inc,

synopsis: Reinsurance Technologies has merged with Ludvik Holdings, Inc. Reinsurance Technologies Ltd. is a software product company that engages in the design, development, marketing, and support of Web-based software solution used by insurance and reinsurance companies.
buyer: Ludvik Holdings Inc
Ludvik Holdings has investments in public and private companies. It provides long-term equity and debt investment capital to fund growth, acquisitions and recapitalizations of small and middle-market companies in a variety of industries primarily located in the U.S. "
target: Reinsurance Technologies Ltd.
Reinsurance Technologies Ltd., a software product company, engages in the design, development, marketing, and support of Web-based software solution used by insurance and reinsurance companies to facilitate and support critical back-office business processes.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/4/2019 via Company Press Release

Broadridge Financial Solutions, Inc., acquired Financial Database Services

synopsis: Broadridge Financial Solutions, a leading provider of investor communications and technology-driven solutions, has acquired Financial Database Services, a trusted provider of compensation management, compliance and advisor onboarding solutions for the wealth management industry.
buyer: Broadridge Financial Solutions, Inc. (BR:$4,824.00)
Broadridge Financial Solutions, Inc. is a leading provider of investor communications and technology-driven solutions to banks, broker-dealers, asset managers and corporate issuers globally. Broadridge helps clients reduce their capital investments in operations infrastructure. "
target: Financial Database Services
Financial Database Services, the developer of the CAESAR suite of products, provides a modular suite of compensation and compliance tools to the wealth management industry, including advisor onboarding and analytics solutions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/23/2019 via BNC Analysis

Bravura Solutions Limited, acquired Midwinter Financial Services

synopsis: ASX-listed financial software vendor Bravura Solutions has acquired financial planning software-as-a-service provider Midwinter. Sydney-based Midwinter develops the financial planning software AdviceOS, which offers back office administration for financial advisers and self-directed digital advice portals for superannuation funds.
buyer: Bravura Solutions Limited (:$194.13)
Bravura Solutions is a leading provider of software solutions for the wealth management, life insurance and fund administration industries, underpinned by functionally rich technology that enables modernisation, consolidation and simplification. "
target: Midwinter Financial Services
Sydney-based Midwinter develops the financial planning software AdviceOS, which offers back office administration for financial advisers and self-directed digital advice portals for superannuation funds.
price ($mm)
$34
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

By Electra Information Systems, Inc.


read more

Electra Information Systems, Inc.

read more

Electra Information Systems, Inc.

Firm58

HWA International Inc.

Lumina Technologies, Inc.

Financial Navigator Inc.

DST Global Solutions Limited

Taliance SAS

FORS Limited

Datafaction Inc.

MDA Property Systems (Pty) Ltd.

Unisys Corporation

Derivation Software

ATX / Kleinrock

Communicator Inc

Princeton eCom Corporation

Interactive Technologies, Inc.

Shadow Financial Services Corporation

Reinsurance Technologies Ltd.

Financial Database Services

Midwinter Financial Services

read more

Electra Information Systems, Inc.

Firm58

HWA International Inc.

Lumina Technologies, Inc.

Financial Navigator Inc.

DST Global Solutions Limited

Taliance SAS

FORS Limited

Datafaction Inc.

MDA Property Systems (Pty) Ltd.

Unisys Corporation

Derivation Software

ATX / Kleinrock

Communicator Inc

Princeton eCom Corporation

Interactive Technologies, Inc.

Shadow Financial Services Corporation

Reinsurance Technologies Ltd.

Financial Database Services

Midwinter Financial Services

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