Like Xign Corp.

closed 5/17/2007 via BusinessWire

J.P. Morgan Chase & Co., acquired Xign Corp.

synopsis: JPMorgan Chase Bank, N.A. announced the closing of its acquisition of Xign Corporation, a leading provider of business-to-business on-demand financial settlement solutions. The business will be known as JPMorgan Xign Corporation. JPMorgan Chase has acquired the capital stock of Xign and the company’s technology, services and Order-to-Pay domain.
buyer: J.P. Morgan Chase & Co. (JPM:$98,035.00)
JPMorgan Chase & Co. is a leading global financial services firm with assets of $1.2 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services, financial transaction processing, asset and wealth management, and private equity. "
target: Xign Corp.
Xign Corporation operates a global settlement network for business. Xign's suite of on-demand applications is the first to automate the complete commerce cycle, from electronic order delivery to electronic invoice and payment processing, to streamline operations and monetize working capital.
price ($mm)
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closed 9/14/2011 via BusinessWire

Fiserv, Inc., acquired CashEdge, Inc.

synopsis: Fiserv, Inc., the leading global provider of financial services technology solutions, announced the completion of its acquisition of CashEdge Inc., a leading provider of consumer and business payments technologies. CashEdge serves more than 500 clients, including strong representation in the large financial institution segment.
buyer: Fiserv, Inc. (FISV:$14,852.00)
Fiserv, Inc. is the leading global provider of information management and electronic commerce systems for the financial services industry, driving innovation that transforms experiences for financial institutions and their customers. "
target: CashEdge, Inc.
CashEdge is the leading provider of innovative payments and aggregation solutions to financial institutions. These include Popmoney® person-to-person (P2P) payments, "me-to-me" account transfers, account opening and funding, small business invoicing and payments, and financial account aggregation.
price ($mm)
$460
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/6/2006 via PR Newswire

Mellon Financial Corporation, acquired ClearTran Inc

synopsis: Mellon Financial Corporation has acquired ClearTran, a leading provider of electronic and online bill payment solutions. As consumers continue to prefer the convenience of paying their bills from anywhere at any time, this acquisition complements Mellon's long-standing presence in the electronic and paper-based consumer receivables marketplace.
buyer: Mellon Financial Corporation (MEL:$0.00)
Mellon Financial Corporation is one of the world's leading providers of financial services for institutions, corporations and high net worth individuals, providing asset management, private wealth management, asset servicing, and payment solutions and investor services. "
target: ClearTran Inc
ClearTran meets an ever-increasing demand for flexible, comprehensive electronic and online bill payment solutions that are implemented quickly and without costly or time-consuming development work.
price ($mm)
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EBITDA ($mm)
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closed 10/1/2009 via

Fidelity National Information Services Inc., acquired Metavante Technologies, Inc.

synopsis: Fidelity National Information Services (FIS) has agreed an all stock deal worth around $2.94 billion to buy Metavante Technologies, creating the world's largest provider of integrated payment and financial processing services.
buyer parent: Fidelity National Financial, Inc.
buyer: Fidelity National Information Services Inc. (FIS:$9,241.00)
Fidelity National Information Services, Inc. is a leading provider of core financial institution processing, card issuer and transaction processing services, mortgage loan processing and related information products and outsourcing services. "
target: Metavante Technologies, Inc.
Metavante Corporation provides banking and payment technologies to financial services firms and businesses. Its products and services include account processing for deposit, loan, and trust systems, image based and conventional check processing, and electronic funds transfer.
price ($mm)[EV]
$2,894 [$4,575]
rev ($mm)
$1,710
EBITDA ($mm)
$424
EV / rev
2.7x
EV / EBITDA
10.9x
closed 10/2/2006 via Company Press Release

Ebix, Inc., acquired Finetre Corporation

synopsis: Ebix, Inc., a leading international developer and supplier of software and e-commerce solutions to the insurance industry, announced that it has signed an agreement to acquire Virginia based Finetre Corporation through a merger effective October 1, 2006. The closing is expected to occur on October 2, 2006.
buyer: Ebix, Inc. (EBIX:$570.76)
Ebix, Inc. is a leading international supplier of software and e-commerce solutions to the insurance industry. Ebix provides a series of application software products for the insurance industry ranging from carrier systems, agency systems and exchanges to custom software development. "
target: Finetre Corporation
Finetre Corporation is a Northern Virginia-based software technology firm focusing on transaction processing and compliance automation in the financial services industry. Finetre's AnnuityNet Platform currently processes 15,000 annuity transactions with a total value of nearly $1.5 billion monthly.
price ($mm)
$16
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/17/2021 via BNC Analysis

Stripe Inc., acquired Bouncer

synopsis: Stripe, a provider of economic infrastructure for the internet, has announced the acquisition of Bouncer, a company building card authentication technology to reduce fraud during online transactions. Bouncer will be integrated into Stripe Radar, which is fully integrated into Stripe’s payments platform.
buyer: Stripe Inc.
Stripe, Inc. provides services that enable users to accept payments online. It handles storing cards, subscriptions, and direct payouts to the bank account. The company serves large companies, start-ups, and side projects in the United States. "
target: Bouncer
Bouncer is a company building card authentication technology to reduce fraud during online transactions. When an incoming transaction is flagged as high-risk, rather than blocking the purchase entirely, businesses can use Bouncer to verify that the card being used is legitimate.
price ($mm)
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closed 10/7/2020 via PR Newswire

Payrix, acquired IntegraPay

synopsis: Payrix has acquired Brisbane-based IntegraPay, a global integrated payments technology provider, marking the company's official launch into Australia and New Zealand. Payrix's expansion efforts will remove barriers, boost revenue, and accelerate money movement for a network of growing software-as-a-service (SaaS) clients with operations overseas.
buyer: Payrix
Payrix enables vertically-focused SaaS companies to embed and manage payments natively within their software, securing additional recurring revenue and creating an awesome experience. Payrix is a cloud built, API-first platform that is highly flexible, customizable, and scalable. "
target: IntegraPay
IntegraPay is an Australian-based, global integrated payments technology company that provides subscription, recurring and in-video payment solutions for businesses, business management software providers and banks.
price ($mm)
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closed 2/20/2020 via BNC Analysis

Great Hill Partners LLC, acquired One Inc Software Corporation

synopsis: Great Hill Partners has acquired a majority of One Inc, an insurance payments provider, via a recapitalization. One Inc was established to help insurers deliver a frictionless payment experience through software solutions. One Inc offers an industry-leading digital payments platform designed to integrate with insurance core systems.
buyer: Great Hill Partners LLC
Great Hill Partners is a private equity firm targeting investments of $25 million to $500 million in high-growth companies across the consumer, digital infrastructure, financial technology, healthcare, and software sectors. "
target: One Inc Software Corporation
One Inc was established to help insurers deliver a frictionless payment experience through software solutions developed by people who truly understand insurance. One Inc offers an industry-leading digital payments platform designed to integrate with insurance core systems.
price ($mm)
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EBITDA ($mm)
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closed 12/11/2019 via BNC Analysis

TraqIQ, Inc., acquired Mann-India Technologies Pvt. Ltd.

synopsis: TraQiQ, Inc announced that it has acquired Mann-India Technologies Pvt Ltd. Mann-India's product portfolio includes enterprise ready solutions for payment processing, mobile wallets, micro lending solutions and digital transformation. Mann-India also provides mobile application development services.
buyer: TraqIQ, Inc. (OTCPK:TRIQ:$1.06)
TraQiQ, Inc. is a global technology company with a suite of products designed to help identify customers, facilitate transactions and fulfill transactions. TraQiQ’s leading edge FinTech and AI solutions have been deployed with leading multi-national customers around the world. "
target: Mann-India Technologies Pvt. Ltd.
Mann-India Technologies Pvt Ltd. is a leading software development company headquartered in India with customers around the world. The company offers a suite of FinTech and mobility products. Mann-India offers a suite of Enterprise offerings that enable transactions in a seamless manner.
price ($mm)
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announced 5/30/2019 via Company Press Release

Silverfleet Capital, will acquire Microgen Financial Systems

synopsis: Aptitude Software Group, leading provider of business-critical software and services, has entered into an agreement to sell its wholly-owned subsidiary, Microgen Financial Systems ("MFS"), to Moscow Bidco Limited, a private limited company controlled by Silverfleet Capital. MFS develops and implements its software for the financial services sector.
buyer: Silverfleet Capital
Silverfleet Capital is a leading, independent, European private equity firm specialising in mid-market buyouts. They utilise this expertise to help their portfolio companies make bolt-on acquisitions and to achieve strong organic growth. "
target parent: Aptitude Software Group plc
target: Microgen Financial Systems (LSE:MCGN:$46.57)
Microgen Financial Systems develops, implements and supports its own market-leading software for the financial services sector. They offer a range of financial services technology systems focused on the global Wealth Management sector and also provides Application Management services.
price ($mm)
$65
rev ($mm)
$23
EBITDA ($mm)
EV / rev
2.8x
EV / EBITDA
closed 2/15/2019 via BNC Analysis

iSignthis Ltd., acquired Baltic Banking Service

synopsis: iSighthis Ltd, the global leader in dynamic, digital AML/CFT KYC identity proofing, has acquired Baltic Banking Service, a company that specializes in developing software for financial institutions and integrating it with other systems, as well as providing solutions for services, such as, banking as a service or payments as a service.
buyer: iSignthis Ltd. (ASX:ISX:$4.53)
Based in Australia, iSignthis Ltd is the global leader in dynamic, digital AML/CFT KYC identity proofing. Their Paydentity solution incorporates real time electronic verification which converges authenticated remote payments with Know Your Customer (KYC) verification. "
target: Baltic Banking Service
Based in Lithuania, Baltic Banking Service specializes in developing software for financial institutions and integrating it with other systems, as well as providing solutions for services, such as, banking as a service (BAAS) or payments as a service (PAAS).
price ($mm)
$1.70
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/3/2018 via Company Press Release

Silver Investment Partners, acquired ALVARA Cash Management Group AG

synopsis: Silver Investment Partners (SIP), an independent equity investor in small and medium sized companies in Germany, Austria and Switzerland, has acquired a majority stake in ALVARA Cash Management Group AG (ALVARA), a German provider of payment software solutions for retailers, cash-in-transit companies and financial institutions.
buyer: Silver Investment Partners
Silver Investment Partners is an independent equity investor in small and medium sized companies in Germany, Austria and Switzerland. Silver Investment Partners acquires both majority and minority equity stakes in companies with sales between EUR 5 million and EUR 100 million. "
target: ALVARA Cash Management Group AG
ALVARA is a German provider of payment software solutions for retailers, cash-in-transit companies and financial institutions. Their solutions enable their clients to better control the entire cash cycle and helps increase the transparency and security of payments while minimizing the risk of fraud.
price ($mm)
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announced 2/9/2018 via BNC Analysis

Visa, Inc., will acquire Fraedom

synopsis: Visa, the world’s leader in digital payments, has agreed to acquire UK-based Fraedom, a Software-as-a-Service technology company providing payments and transaction management solutions for financial institutions and their corporate customers. The platform helps banks to differentiate their service, drive card uptake and improve customer retention.
buyer: Visa, Inc. (V:$21,846.00)
Visa Inc. is the world’s leader in digital payments. Their mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. "
target parent: Hogg Robinson Group Plc
target: Fraedom
Based in the UK, Fraedom works with banks to enhance their card programs and help their customers manage business spend through its easy-to-use spend management system. The platform helps banks to differentiate their service, drive card uptake, increase card spend and improve customer retention.
price ($mm)
$200
rev ($mm)
$47
EBITDA ($mm)
EV / rev
4.3x
EV / EBITDA
closed 9/1/2017 via BusinessWire

Fiserv, Inc., acquired Monitise plc

synopsis: Fiserv, Inc., a leading global provider of financial services technology solutions, announced the completion of its acquisition of Monitise plc, a specialist in financial services technology focused on accelerating the digital transformation of banks and financial institutions.
buyer: Fiserv, Inc. (FISV:$14,852.00)
Fiserv, Inc. enables clients worldwide to create and deliver financial services experiences that are in step with the way people live and work today. Fiserv is a trusted leader in financial services technology, helping clients achieve best-in-class results by driving quality and innovation. "
target: Monitise plc (AIM:MONI:$79.40)
Monitise is a specialist in financial services technology focused on accelerating the digital transformation of banks and financial institutions. Their FINkit platform & associated capabilities builds upon a decade of experience in delivering digital services to banks & financial services partners.
price ($mm)[EV]
$86 [$52]
rev ($mm)
$79
EBITDA ($mm)
EV / rev
0.7x
EV / EBITDA
announced 4/26/2017 via PR Newswire

Vantiv, will acquire Paymetric Inc.

synopsis: Vantiv, Inc., a leading provider of payments processing services and related technology solutions for merchants and financial institutions, announced its agreement to acquire Paymetric, a portfolio company of Francisco Partners. Paymetric automates B2B payment workflows within enterprise systems, including SAP, Oracle, Hybris, Salesforce and more.
buyer parent: Advent International
buyer: Vantiv (VNTV:$3,796.12)
Vantiv, Inc. is a leading, integrated payment processor differentiated by a single, proprietary technology platform. Vantiv offers a comprehensive suite of traditional and innovative payment processing and technology solutions to merchants and financial institutions of all sizes in the U.S. "
target parent: Francisco Partners Management LLC
target: Paymetric Inc.
Paymetric, Inc. is the global leader in integrated and secure electronic payment solutions for the enterprise to streamline the order-to-cash process, reduce the scope and financial burden of achieving PCI compliance and improve return on electronic payment acceptance.
price ($mm)
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EBITDA ($mm)
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closed 4/12/2017 via Market Wire

Piteco S.p.A., acquired LendingTools.com

synopsis: Piteco, a Software House and the leader in Italy in proprietary solutions for Treasury management and Financial Planning for large and medium sized firms in the industrial and service sector, has acquired LendingTools.com. LendingTools.com provides Software-as-a-Service based inter-bank transaction and reporting systems for financial institutions.
buyer parent: DEDAGROUP S.p.A.
buyer: Piteco S.p.A. (BIT:PITE:$28.90)
Piteco is a Software House and the absolute leader in Italy in proprietary solutions for Treasury management and Financial Planning for large and medium sized firms in the industrial and service sector. Piteco software is used in more than 40 countries worldwide. "
target: LendingTools.com
LendingTools.com provides Software-as-a-Service based inter-bank transaction and reporting systems for financial institutions. Over 25,000 users from more than 3,000 financial institutions utilize LT services on a daily basis.
price ($mm)
$13
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/30/2017 via Company Press Release

Netcetera AG, acquired Nexperts GmbH

synopsis: Netcetera has acquired a 100% stake in Nexperts GmbH, complementing its offering in the payment area with the wallet, mobile payment and NFC expertise from Nexperts. Nexperts is a leading provider of mobile contactless solutions in the area of payments, with profound experience and expertise in bringing NFC applications to mobile platforms.
buyer: Netcetera AG
As a leading Swiss software company, Netcetera supports its customers worldwide with trend-setting products and custom software. They cover the entire IT service lifecycle, from strategy to implementation and operation. "
target: Nexperts GmbH
Nexperts is a leading provider of mobile contactless solutions in the area of payments. The company has profound experience and expertise in bringing NFC applications to mobile platforms such as Android and iPhone. Solutions from Nexperts are used by banks, retailers and mobile operators.
price ($mm)
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announced 7/21/2016 via Market Wire

Net Element, Inc., will acquire PayStar, Inc.

synopsis: Net Element, Inc, a provider of global mobile payment technology solutions, announced the entry into a binding letter of intent to acquire a majority interest in PayStar, Inc, a comprehensive remittance and e-wallet platform for emerging markets and Nexcharge, Inc, a proprietary payment processing, fraud management and merchant management platform.
buyer: Net Element, Inc. (NETE:$45.96)
Net Element is a global technology-driven group specializing in mobile payments and value-added transactional services. The company owns and operates a global mobile payments and transactional processing provider, TOT Group, Inc. "
target: PayStar, Inc.
Paystar provides financial institutions a complete solution so they may offer remittance services, merchant services, mobile payments and payroll services to customers. Nexcharge, Inc. is a proprietary payment processing, fraud management and merchant management platform.
price ($mm)
rev ($mm)
EBITDA ($mm)
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EV / EBITDA
closed 2/9/2016 via BNC Analysis

Interswitch, Inc., acquired VANSO

synopsis: In a move that will further seal its place as a payments juggernaut in the African continent, Interswitch has acquired Vanso. VANSO is a financial technology provider that delivers highly secure, world class solutions through their proprietary payments platform (MIMO) and banking and messaging (VCP) platform.
buyer parent: Helios Investment Partners LLP
buyer: Interswitch, Inc.
Interswitch is an Africa-focused integrated digital payments and commerce company that facilitates the electronic circulation of money as well as the exchange of value between individuals and organisations on a timely and consistent basis. "
target: VANSO
VANSO is a financial technology provider focused on delivering cutting edge and innovative solutions in Africa. Through their proprietary payments (MIMO), banking and messaging (VCP) platforms we deliver highly secure, world class solutions for clients.
price ($mm)
$75
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/4/2015 via Company Press Release

Eti-Net Inc., acquired Insider Technologies Limited

synopsis: ETI-NET, the leading provider of backup and archive systems for payment platform operators, has completed the acquisition of Insider Technologies Ltd, a UK based specialist in high-volume critical transaction data monitoring, payment application and alerting software for banks, payment providers, retail, defense, and government.
buyer: Eti-Net Inc.
ETI-NET is the worldwide leader in backup of critical data for industries that never stop. They develop software which allows NonStop servers to access modern storage technologies. ETI-NET enjoys a reputation for delivering leading-edge components to major data-centers globally. "
target: Insider Technologies Limited
Insider Technologies Limited (ITL) is a UK-based software house and services company. The Company operates in the Financial, Government and Defence and Messaging markets and provides Service Management, Message and Payment Tracking, Custom Bespoke Software and Middleware Provisioning solutions.
price ($mm)
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closed 5/17/2007 via BusinessWire

J.P. Morgan Chase & Co., acquired Xign Corp.

synopsis: JPMorgan Chase Bank, N.A. announced the closing of its acquisition of Xign Corporation, a leading provider of business-to-business on-demand financial settlement solutions. The business will be known as JPMorgan Xign Corporation. JPMorgan Chase has acquired the capital stock of Xign and the company’s technology, services and Order-to-Pay domain.
buyer: J.P. Morgan Chase & Co. (JPM:$98,035.00)
JPMorgan Chase & Co. is a leading global financial services firm with assets of $1.2 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services, financial transaction processing, asset and wealth management, and private equity. "
target: Xign Corp.
Xign Corporation operates a global settlement network for business. Xign's suite of on-demand applications is the first to automate the complete commerce cycle, from electronic order delivery to electronic invoice and payment processing, to streamline operations and monetize working capital.
price ($mm)
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EBITDA ($mm)
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announced 12/28/2020 via BusinessWire

J.P. Morgan Chase & Co., will purchase Global Loyalty Business from cxLoyalty Group, Inc.

synopsis: JPMorgan Chase & Co. is to acquire the Global Loyalty business of cxLoyalty Group Holdings. The deal includes cxLoyalty’s leading technology platforms, full-service travel agency, gift card, merchandise, and points bank businesses.
buyer: J.P. Morgan Chase & Co. (JPM:$98,035.00)
JPMorgan Chase & Co. is a leading global financial services firm with assets of $3.2 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. "
seller: cxLoyalty Group, Inc. (OTCPK:AFGR:$954.00)
cxLoyalty is a leading loyalty and customer engagement solutions company servicing 70 million consumers. The deal includes cxLoyalty’s leading technology platforms, full-service travel agency, gift card, merchandise, and points bank businesses.
price ($mm)
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closed 8/25/2020 via BusinessWire

ConsenSys, acquired Quorum Engineering

synopsis: ConsenSys, an industry-leading blockchain software company, announced the acquisition of Quorum®, an enterprise-variant of the Ethereum blockchain developed by J.P. Morgan. Quorum is an open source blockchain platform that combines the innovation of the public Ethereum community with enhancements to support enterprise needs.
buyer: ConsenSys
ConsenSys is a global blockchain company. The company builds blockchain developer tools that have been adopted across the Ethereum ecosystem. ConsenSys incubates and accelerates Ethereum startups that are launching products across a variety of industries, from finance to supply chain to law. "
target parent: J.P. Morgan Chase & Co.
target: Quorum Engineering
Based on Ethereum, Quorum is an open source blockchain platform that combines the innovation of the public Ethereum community with enhancements to support enterprise needs. Businesses can rely on Quorum to provide the enterprise-grade networks they need to unlock value with blockchain.
price ($mm)
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closed 5/17/2019 via BNC Analysis

J.P. Morgan Chase & Co., acquired InstaMed

synopsis: As part of its efforts to accelerate its activity in the payments processing space, JPMorgan Chase has purchased healthcare payments technology company InstaMed. InstaMed has developed a cloud-based platform to coordinate bill payments between providers, insurers and patients.
buyer: J.P. Morgan Chase & Co. (JPM:$98,035.00)
JPMorgan Chase & Co. is a leading global financial services firm with assets of $2.7 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. "
target: InstaMed
InstaMed is healthcare’s most trusted payments network, connecting providers, payers and consumers on one platform. The InstaMed Network connects over two-thirds of the market and processes tens of billions of dollars in healthcare payments annually.
price ($mm)
$500
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/4/2017 via BusinessWire

Chase, acquired WePay

synopsis: JPMorgan Chase & Co., a leading global financial services firm, announced it has completed the acquisition of WePay, a platform payments company that provides a payments API as well as payment, risk and support products and services to software and platform companies.
buyer parent: J.P. Morgan Chase & Co.
buyer: Chase
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. Chase serves nearly half of America’s households with a range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing."
target: WePay
WePay is a platform payments company that provides a payments API as well as payment, risk and support products and services to software and platform companies. They do payments for software and platforms, that’s all they do and they do it better than anyone else.
price ($mm)
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announced 3/10/2017 via BusinessWire

Chase, will purchase Payments Technology from Merchant Customer Exchange (MCX)

synopsis: JPMorgan Chase has agreed to acquire MCX’s payments technology to help expand Chase Pay, the mobile and digital wallet for Chase customers. MCX, a network of America’s largest merchants, was the launch partner for Chase Pay. Chase executives wanted to acquire the technology to use in lieu of building separate technology to serve non-MCX members.
buyer parent: J.P. Morgan Chase & Co.
buyer: Chase
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. Chase serves nearly half of America’s households with a range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing."
seller: Merchant Customer Exchange (MCX)
Merchant Customer Exchange's (MCX) payments technology is a mobile payment service launched by big-ticket US retailers. The system utilizes a smartphone app and digital wallet. MCX payments technology also lets MCX members seamlessly connect to Chase Pay.
price ($mm)
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closed 2/9/2016 via BusinessWire

Markit Group Ltd., purchased systems integration software from J.P. Morgan Chase & Co.

synopsis: Markit, a leading global provider of financial information services, announced it has acquired systems integration software developed by J.P. Morgan. Markit will make the software available to sellside and buyside institutions seeking to integrate with major systems used in the syndicated loan market, including agent servicing platforms and more.
buyer: Markit Group Ltd. (MRKT:$1,129.70)
Markit is a leading global diversified provider of financial information services. They provide products that enhance transparency, reduce risk and improve operational efficiency. Their customers include banks, central banks, regulators, auditors, fund administrators and insurance companies. "
seller: J.P. Morgan Chase & Co. (JPM:$98,035.00)
J.P. Morgan's systems integration software will be available to sellside and buyside institutions seeking to integrate with major systems used in the syndicated loan market, including agent servicing platforms and Markit's trade settlement services.
price ($mm)
rev ($mm)
EBITDA ($mm)
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closed 11/6/2015 via BusinessWire

One Equity Partners, acquired 3M Library Systems

synopsis: One Equity Partners Capital Advisors L.P., a partnership passionate for compelling business ideas that create synergies and growth, acquired 3M North American Library Systems and completed acquiring the remaining 3M Library Systems, a circulation management solution to customers.
buyer parent: J.P. Morgan Chase & Co.
buyer: One Equity Partners
One Equity Partners (OEP) is a leading middle-market private equity firm with $3.5 billion under management. OEP focuses on investing in family, carve-out and platform companies with a mission of expanding those companies with growth capital and through add-on mergers. "
target parent: 3M
target: 3M Library Systems
3M Library Systems business delivers circulation management solutions to library customers with on-premise hardware and software, maintenance and service, and an emerging cloud-based digital lending platform.
price ($mm)
rev ($mm)
$100
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
announced 1/26/2015 via PR Newswire

Givex Corporation, will purchase Gift Card Business from Chase Paymentech Solutions, LLC

synopsis: Givex, a global provider of cloud based data processing services, announced that it has agreed to acquire Chase Paymentech's gift card business. Chase Paymentech is a leading provider of payment processing and merchant acquiring. Chase Paymentech gift card clients will be seamlessly and securely transitioned to Givex servers.
buyer: Givex Corporation
Givex is a technology company offering clients a global reach with cost-effective gift card, omni-channel loyalty, analytics, stored value tickets, and cloud-based POS systems. Their core distinction is taking on the task of managing all aspects of the transaction. "
seller parent: J.P. Morgan Chase & Co.
seller: Chase Paymentech Solutions, LLC
Chase Paymentech's gift card business allows merchants to customize gift card designs online and order them.
price ($mm)
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closed 9/3/2014 via PR Newswire

Gracenote, Inc., acquired Baseline StudioSystems

synopsis: Gracenote announced it has acquired Baseline, a provider of film and television information and services. Baseline's industry-leading database deepens Gracenote's existing video metadata by adding detailed, descriptive information about movies and TV productions to power next generation TV and video experiences for viewers.
buyer parent: J.P. Morgan Chase & Co.
buyer: Gracenote, Inc.
Gracenote, Inc. provides music and video content and technologies to the world's hottest entertainment products and brands. The company's partners in the entertainment community include major music publishers and labels, prominent independents and movie studios and television networks. "
target parent: Hollywood Media Corporation
target: Baseline StudioSystems
Baseline StudioSystems is the premier licensor and syndicator of film and TV entertainment data and associated applications to professionals in the film, television, media and financial sectors.
price ($mm)
$50
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/9/2014 via PR Newswire

Tribune Digital Ventures, acquired What's-ON

synopsis: Tribune Digital Ventures, the technology and innovation arm of Tribune Company, announced it has acquired What's-ON, a leading television search and Electronic Program Guide (EPG) data provider for India and the Middle East.
buyer parent: J.P. Morgan Chase & Co.
buyer: Tribune Digital Ventures
Tribune Digital Ventures (TDV) was launched in 2013 as a stand-alone unit of Tribune Company. It is responsible for the creation, design, and development of digital products and services that leverage the company's content and data, and extend the reach of its distribution platform. "
target: What's-ON
What's-ON is a leading television search and Electronic Program Guide (EPG) data provider for India and the Middle East. Today, What's-ON delivers data for more than 1,600 TV channels and helps power more than 50 million set-top boxes through the region's top cable and IPTV services.
price ($mm)
$27
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/8/2014 via PR Newswire

Tribune Publishing, acquired McClatchy Tribune Information Services

synopsis: Tribune Publishing and McClatchy Company announced that, through one of its subsidiaries, Tribune Publishing has acquired McClatchy's 50% ownership stake in McClatchy-Tribune Information Services (MCT Direct), the news and information business operated as a joint venture of both companies.
buyer parent: J.P. Morgan Chase & Co.
buyer: Tribune Publishing (NasdaqGM:TRNC:$1,513.52)
Tribune is a multimedia company operating businesses in publishing, digital and broadcasting. In publishing, Tribune’s leading daily newspapers include the Los Angeles Times, Chicago Tribune, The Baltimore Sun, Sun Sentinel, Orlando Sentinel, Hartford Courant, The Morning Call and Daily Press. "
target parent: The McClatchy Company
target: McClatchy Tribune Information Services
The McClatchy-Tribune Information Services (MCT Direct) provides news stories, feature articles, photos, graphics, illustrations, caricatures, themed content packages and paginated products. MCT is also a major provider of content to online information services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/1/2014 via BNC Analysis

The Baltimore Sun, purchased 2 Newspapers from Landmark Media Enterprises, LLC

synopsis: The Baltimore Sun Media Group has acquired Capital-Gazette Communications and Landmark Community Newspapers of Maryland from Landmark Media Enterprises LLC, a move that will bring two major community newspapers and their affiliates under the Sun’s purview.
buyer parent: J.P. Morgan Chase & Co.
buyer: The Baltimore Sun
The Baltimore Sun Media Group (BSMG) publishes The Baltimore Sun and baltimoresun.com. In print and online, BSMG reaches 1.1 million readers each week in the Baltimore area, making it the region's most widely read source of news and information. BSMG is owned by Tribune Corporation. "
seller: Landmark Media Enterprises, LLC
Landmark Media Enterprises owns and operates Capital-Gazette Communications, which publishes The Capital, the Maryland Gazette, Crofton-West County Gazette, among others; and Landmark Community Newspapers of Maryland, which includes the Carroll County Times, Community Times, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/3/2014 via PR Newswire

Tribune Digital Ventures, will acquire TV by the Numbers

synopsis: Tribune Digital Ventures (TDV), the technology and innovation arm of Tribune Company, announced it has agreed to acquire TV by the Numbers, a leading research and editorial resource dedicated to the analysis of TV ratings data and network programming news from Hollywood. TDV is also re-launching its entertainment website Zap2it.
buyer parent: J.P. Morgan Chase & Co.
buyer: Tribune Digital Ventures
Tribune Digital Ventures (TDV) was launched in 2013 as a stand-alone unit of Tribune Company. It is responsible for the creation, design, and development of digital products and services that leverage the company's content and data, and extend the reach of its distribution platform. "
target: TV by the Numbers
TV by the Numbers is a leading research and editorial resource dedicated to the analysis of TV ratings data and network programming news from Hollywood. TV by the Numbers features deep analysis of TV ratings and share data, and unique editorial coverage of show renewals and cancellations.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/19/2014 via Company Press Release

The Hartford Courant, will acquire The Reminder Press

synopsis: The Hartford Courant announced that it had reached an agreement to acquire Reminder Media Inc., publisher of 15 free weekly ReminderNews publications in eastern and northern Connecticut. The sale also includes four annual community directories.
buyer parent: J.P. Morgan Chase & Co.
buyer: The Hartford Courant
The Hartford Courant seeks to provide the news Connecticut needs, reported faithfully and fully, with respect for all and favor to none. They strive to be authoritative and insightful, to inform and to delight. "
target: The Reminder Press
Reminder Media Inc. is the publisher of 15 free weekly ReminderNews publications in eastern and northern Connecticut. The Reminder is a reader friendly, easy to use, magazine style publication. They publish local community news, features and photos in 15 separate local editions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/5/2013 via GlobeNewswire

The Berry Company, LLC, purchased Black Book Directories from The Baltimore Sun

synopsis: The Berry Company, a local leads provider serving small and medium sized businesses for over a century has acquired the Black Book directories from the Baltimore Sun.
buyer parent: TBC Holdings I, Inc.
buyer: The Berry Company, LLC
The Berry Company, LLC is a provider of local search and marketing solutions, generating leads for its advertising clients and enabling consumers to efficiently find the products and services they need. Berry serves approximately 170,000 advertising clients throughout the US. "
seller parent: J.P. Morgan Chase & Co.
seller: The Baltimore Sun
The Black Book Directories are published in Howard County, Maryland.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/20/2012 via BusinessWire

Chase, will acquire Bloomspot, Inc.

synopsis: Chase Bank USA, NA, a subsidiary of JPMorgan Chase & Co. and Bloomspot, Inc. announced that they have signed an agreement and plan of merger whereby Chase will acquire Bloomspot, a provider of targeted merchant offers. Bloomspot is a leading offers provider whose technology platform has addressed key issues in merchant marketing.
buyer parent: J.P. Morgan Chase & Co.
buyer: Chase
Chase is a consumer and commercial banking business. Chase serves more than 50 million consumers and 4 million small businesses through more than 5,500 bank branches, 17,500 ATMs, credit cards, mortgage offices, and online and mobile banking as well as through relationships with auto dealerships. "
target: Bloomspot, Inc.
Bloomspot is a leading offers provider whose technology platform has addressed key issues in merchant marketing. Bloomspot has created a sustainable model for its merchants by measuring and rewarding consumers’ loyalty.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/11/2012 via Yahoo, Inc.

Sutherland Global Services, will acquire Apollo Health Street

synopsis: Sutherland Global Services, a global provider of business process and technology management services, announced that it has signed a definitive agreement to acquire Apollo Health Street Limited, a leading provider of healthcare business services and world-class Health Information Technology based solutions.
buyer: Sutherland Global Services
Sutherland Global Services is a global provider of business process and technology management services offering an integrated portfolio of analytics-driven back-office and customer facing solutions that support the customer lifecycle. It is one of the largest, independent global BPO companies. "
target parent: J.P. Morgan Chase & Co.
target: Apollo Health Street
Apollo Health Street solutions encompass a comprehensive suite of platform enabled back-office services that span the hospital revenue cycle workflow from patient admission, charge capture, claims processing and receivables management.
price ($mm)
$184
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/17/2012 via BusinessWire

One Equity Partners, acquired M*Modal

synopsis: M*Modal announced Legend Acquisition Sub, Inc. successfully completed its tender offer for all outstanding shares of common stock of M*Modal. M*Modal is a leading provider of clinical transcription services, clinical documentation workflow solutions, advanced cloud-based Speech UnderstandingTM technology, and advanced unstructured data analytics.
buyer parent: J.P. Morgan Chase & Co.
buyer: One Equity Partners
Founded in 2001, One Equity Partners manages an $11 billion portfolio of proprietary investments and commitments of JP Morgan Chase & Co. By working in partnership with owners and managers, OEP invests in transactions that promote strategic and operating change, creating long-term value. "
target: M*Modal
M*Modal is a leading provider of clinical transcription services, clinical documentation workflow solutions, advanced cloud-based Speech Understanding™ technology, and advanced unstructured data analytics. It is recognized as the largest clinical transcription service in the U.S.
price ($mm)[EV]
$797 [$1,055]
rev ($mm)
$457
EBITDA ($mm)
$112
EV / rev
2.3x
EV / EBITDA
9.6x
announced 1/12/2012 via BNC Analysis

Livingston International Inc., will acquire JPMorgan Customs And Trade Compliance Services

synopsis: Livingston International has entered into an agreement to acquire the customs and trade compliance services of the Global Trade business of JPMorgan Chase Bank, N.A., announced Livingston President and CEO Peter Luit. This acquisition represents the operations and technology of the former Vastera business.
buyer: Livingston International Inc.
Livingston International is one of the top five customs entry filers in the United States and Canada's largest customs broker. The company also offers customs and international trade consulting services as well as international freight forwarding across North America and around the globe. "
target parent: J.P. Morgan Chase & Co.
target: JPMorgan Customs And Trade Compliance Services
Vastera is the leading provider of solutions for Global Trade Management. Its solutions including software, trade management consulting and managed services, are designed to streamline global business.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/26/2010 via Market Wire

ANXeBusiness Corp., acquired TruArx Inc.

synopsis: ANXeBusiness Corp. (ANX), a leading provider of networking and security managed services, announced the acquisition of TruArx Inc., a provider of IT Governance, Risk and Compliance (GRC) solutions. This acquisition reflects ANX's continued commitment to providing comprehensive managed security solutions.
buyer parent: J.P. Morgan Chase & Co.
buyer: ANXeBusiness Corp.
ANXeBusiness Corp. is focused on providing network and information security solutions, unified threat protection technology, and managed services that enable secure content delivery within and between enterprises. "
target: TruArx Inc.
TruArx is an organization of experienced professionals that develop and deliver solutions to simplify risk and compliance management. TruArx focuses on time-to- value, scalable sophistication, and affordability as the key requirements behind their IT GRC software-as-a-service (SaaS) solutions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/10/2021 via Company Press Release

Airwallex, acquired UniCard Solution Limited

synopsis: Airwallex, a global fintech platform, announced it has completed the acquisition of UniCard Solution Limited, a provider of one-stop secured money transfer solutions for businesses and individual customers.
buyer: Airwallex
Airwallex, based in Hong Kong, is offering a global financial cloud to empower businesses to grow without borders, providing a one-stop shop for payments, collections, FX, cards and other value-add solutions for SMEs, and an API for larger businesses requiring customization. "
target: UniCard Solution Limited
UniCard, based in Hong Kong, offers one-stop secured money transfer solutions for businesses and individual customers. Their customer's money is always protected by them. Constantly, they are building alliances with banking and processing partners to provide customers with preferred operations.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/23/2020 via PR Newswire

Future FinTech Group Inc., will acquire Spondula

synopsis: Future FinTech Group Inc., a leading blockchain technology R&D and application company based in China, will acquire a 51% stake in Spondula, a global banking and money transfer platform that serves both individuals and businesses. Spondula's mobile app allows users to seamlessly pay anyone and instantly receive payments from anywhere globally.
buyer: Future FinTech Group Inc. (FTFT:$0.85)
Future FinTech Group Inc. (FTFT) is a leading blockchain technology R&D and application company based in China. FTFT's operations include a blockchain-based online shopping mall platform, a cross-border e-commerce platform, and an incubator for blockchain based application projects. "
target: Spondula
Spondula is a global banking and money transfer platform that serves both individuals and businesses. Spondula offers free accounts and private banking services. Their mobile app allows users to seamlessly pay anyone and instantly receive payments from anywhere globally.
price ($mm)
$3.06*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/2/2020 via BusinessWire

Morgan Stanley, acquired E-Trade Financial Corp.

synopsis: Morgan Stanley has acquired E*TRADE, a leading financial services company. The E*TRADE Financial family of companies provides financial services, including trading, investing, banking, and managing employee stock, securities products and services, commodity futures and options, student loan benefit plans, and more.
buyer: Morgan Stanley (MS:$45,415.00)
Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 43 countries, the Firm's employees serve clients worldwide including corporations, governments and individuals. "
target: E-Trade Financial Corp. (ETFC:$2,937.00)
The E*TRADE Financial family of companies provides financial services, including trading, investing, banking, and managing employee stock, securities products and services, commodity futures and options, student loan benefit plans, and more.
price ($mm)
$13,132
rev ($mm)
$2,937
EBITDA ($mm)
EV / rev
4.5x
EV / EBITDA
announced 1/22/2020 via BNC Analysis

Speqta AB, will acquire Eone Oy

synopsis: Speqta AB (publ), a performance marketing company in Sweden, will acquire Eone Oy, a Finnish fintech company. Eone operates Rahalaitos.fi, Finland’s largest online loan brokerage platform. Rahalaitos.fi allows users to easily apply for private loans, car loans and business loans.
buyer: Speqta AB (OM:SPEQT:$10.29)
Speqta is a performance marketing company in Sweden. Speqta is a digital media house that owns and operates a leading international advertising network as well as several digital products and services within the performance-based marketing of e-commerce stores. "
target: Eone Oy
Eone is a Finnish fintech company. Eone operates Rahalaitos.fi, Finland’s largest online loan brokerage platform. Rahalaitos.fi allows users to easily apply for private loans, car loans and business loans. Their platform competes with up to 25 loan providers to offer their users the best loan offer.
price ($mm)
$26
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/8/2018 via BNC Analysis

CurrencyFair Ltd, acquired Convoy Payments

synopsis: CurrencyFair, a provider of International Money Transfer services, has acquired Hong Kong based, Convoy Payments Limited, a subsidiary of Convoy Global Holdings Limited. Convoy Payments Limited is a licensed money service operator (MSO), regulated in Hong Kong capable of performing money exchange and remittance business.
buyer: CurrencyFair Ltd
CurrencyFair is a provider of International Money Transfer services to consumers and businesses worldwide. Send money with a better exchange rate and avoid excessive fees. They are based in Dublin, Ireland. "
target parent: Convoy Financial
target: Convoy Payments
Established in 2016, Convoy Payments Limited is a licensed money service operator (MSO), regulated in Hong Kong capable of performing money exchange and remittance business.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/19/2017 via BNC Analysis

FAIRFX Group Plc, will acquire Q Money Limited

synopsis: FairFX Group Plc, the low cost multicurrency payments service, has announced that it has agreed to acquire the entire issued ordinary share capital of Q Money Limited with its associated e-money licence. Q Money Limited offers digital business banking services.
buyer: FAIRFX Group Plc (AIM:FFX:$824.35)
FAIRFX is an international payment services provider, offering services to customers in the UK since 2007. "
target: Q Money Limited
Q Money Limited offers digital business banking services.
price ($mm)
$0.52
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/17/2016 via BNC Analysis

Escrow.com, Inc., acquired Escrow Angel Pty Ltd

synopsis: Escrow.com, the leading licensed and independent online escrow service, announced the acquisition of Australian online escrow service Escrow Angel and its automotive brand Protecti. Escrow Angel was founded by Simon Lenton back in 2012, and operated in Australia.
buyer parent: Freelancer Ltd
buyer: Escrow.com, Inc.
Escrow.com reduces the risk of fraud by acting as a trusted third-party that collects, holds and only disperses funds when both Buyers and Sellers are satisfied. "
target: Escrow Angel Pty Ltd
Escrow Angel is a privately owned company based in Sydney, Australia. They have established themselves as the leading provider of online escrow and transaction management services in Australia and beyond.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/17/2016 via Market Wire

Blockchain Tech LTD, will acquire XapCash

synopsis: BTL GROUP LTD.announced that it has entered into a binding letter of intent with Xapcash Technologies Inc. to complete a business combination. XapCash is an innovative remittance company that streamlines worldwide money transfers by dramatically improving upon existing Pre and Post-Fund Remittance Models with the use of Blockchain Technologies.
buyer: Blockchain Tech LTD (TSXV:BTL:$0.00)
BTL is a technology company whose current business is focused on developing blockchain technologies to disrupt and transform existing industries. Technology is developed in-house and through BTL's incubator and accelerator programs, based in Vancouver, British Columbia. "
target: XapCash
XAPCASH is an innovative remittance company that streamlines worldwide money transfers by dramatically improving upon existing Pre and Post-Fund Remittance Models with the use of Blockchain Technologies.
price ($mm)
$0.11
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/21/2014 via GlobeNewswire

Euronet Worldwide, Inc., acquired HiFX

synopsis: Euronet Worldwide, Inc., a leading global electronic payments provider and distributor, announced it has completed the acquisition of U.K.-based HiFX, a fast-growing provider of online initiated international payments and foreign exchange services.
buyer: Euronet Worldwide, Inc. (EEFT:$2,491.89)
Euronet Worldwide is an industry leader in processing secure electronic financial transactions. The Company offers payment and transaction processing solutions to financial institutions, retailers, service providers and individual consumers. "
target: HiFX
HiFX is one of the largest and best known international money transfer specialists in the U.K. and Australasia with a reputation for consistently offering highly competitive, bank-beating exchange rates to both private individuals and businesses alike.
price ($mm)
$169
rev ($mm)
$64
EBITDA ($mm)
$18
EV / rev
3.8x
EV / EBITDA
13.3x
announced 6/15/2011 via PR Newswire

Ready Financial Group, Inc. will be merged with AccountNow, Inc.,

synopsis: Jim Jones, CEO of AccountNow, Inc., announced that the AccountNow Board of Directors has approved a merger with Ready Financial Group, Inc., Nampa, Idaho. Ready Financial Group builds and markets general purpose and special purpose debit card products for consumers and commercial customers.
buyer: AccountNow, Inc.
AccountNow, Inc., San Ramon, California, has rapidly grown its reloadable consumer prepaid debit card business, to more than $2 billion dollars in annual transaction volume, by offering features and benefits traditionally reserved for customers with banking relationships. "
target: Ready Financial Group, Inc.
Ready Financial Group, Inc. builds and markets general purpose and special purpose debit card products for consumers and commercial customers. The company was formed in 2007, and its principals previously had responsibilities for Capital One card marketing and collection programs.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/7/2010 via PR Newswire

Jack Henry & Associates, Inc., acquired iPay Technologies, LLC

synopsis: Jack Henry & Associates, Inc., a leading provider of integrated technology solutions and data processing services for financial institutions, announced that it has closed the transaction initiated to acquire iPay Technologies. iPay currently operates as the largest independent electronic bill pay provider in the United States.
buyer: Jack Henry & Associates, Inc. (JKHY:$1,714.10)
Jack Henry & Associates is a leading provider of computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations. Its technology solutions are marketed and supported through three primary brands: Jack Henry Banking, Symitar and ProfitStars. "
target: iPay Technologies, LLC
iPay Technologies provides online bill payment solutions and unmatched service to more banks and credit unions than any other bill payment provider. That includes more than half of the nation's credit unions and nearly 40 percent of the nation's community banks that use bill payment software.
price ($mm)
$301
rev ($mm)
$46
EBITDA ($mm)
$18
EV / rev
6.6x
EV / EBITDA
16.4x
closed 2/11/2010 via Company Press Release

Barclays PLC, purchased Italian Credit Card Business from Citi

synopsis: Barclays has agreed to acquire the Italian credit card business of Citibank International Bank plc. Over time, Barclays intends to rebrand the acquired credit cards with its global Barclaycard brand.
buyer: Barclays PLC (LSE:BARC:$25,009.44)
Barclays is a major global financial services provider engaged in retail and corporate banking, credit cards, investment banking, wealth management and investment management services, with an extensive international presence in Europe, the Americas, Africa and Asia. "
seller: Citi (C:$63,902.00)
Citi is the most complete financial partner to corporations, financial institutions, institutional investors and governments in the world. Citi also provides a broad range of financial products and services to individuals through brand names including Citi Smith Barney, Citibank, and Banamex.
price ($mm)
$295
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/28/2021 via GlobeNewswire

Worldline, will acquire Cardlink

synopsis: Worldline, a global leader in the payments industry, is to acquire 92.5% of the share capital of Cardlink, the leading Network Services Provider in Greece. Cardlink operates more than 260,000 devices providing fast and secure services to merchants and consumers in their day to day payment transactions.
buyer: Worldline (PA:WLN.AS:$3,348.93)
Worldline is the European leader in the payments and transactional services industry. Worldline delivers new-generation services, enabling its customers to offer smooth and innovative solutions to the end consumer. "
target: Cardlink
Cardlink was founded in 2004 and is the largest Network Service Provider in Greece. Cardlink operates more than 260,000 devices providing fast and secure services to merchants and consumers in their day to day payment transactions.
price ($mm)
$175*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/11/2020 via BNC Analysis

MasterCard Incorporated, will acquire Wameja Ltd.

synopsis: Mastercard Inc., through its subsidiary Burst Acquisition Co. Pty. Ltd., is to acquire Wameja, a joint venture partner of the HomeSend global payment hub. HomeSend enables cross-border transfer between bank accounts, cards, mobile wallets, or cash outlets from anywhere in the world.
buyer: MasterCard Incorporated (MA:$15,301.00)
MasterCard is a technology company in the global payments industry. Mastercard's global payments processing network connects consumers, financial institutions, merchants, governments, and businesses in more than 210 countries and territories. "
target: Wameja Ltd.
Wameja and Mastercard are joint venture partners of the HomeSend global payment hub. HomeSend enables cross-border transfer between bank accounts, cards, mobile wallets, or cash outlets from anywhere in the world.
price ($mm)[EV]
$129 [$125]
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/21/2020 via BNC Analysis

PagSeguro, acquired Wirecard Brazil S.A

synopsis: Following a scandal of tampered accounting books, the dismantling of German Wirecard’s global operations has begun. PagSeguro announced it has acquired Wirecard’s operations in Brazil. Wirecard is the global leader in innovation for digital financial technology.
buyer: PagSeguro
PagSeguro is an online or mobile payment-based e-commerce service for commercial operations. As a company owned by the Folha/UOL Group – the Brazilian internet leader – PagSeguro operates as an issuer, acquirer and offers digital accounts. "
target parent: Wirecard AG
target: Wirecard Brazil S.A
Wirecard is the global leader in innovation for digital financial technology. As one of the world’s fastest growing digital platforms in the area of financial commerce, it provides businesses and end customers alike with a constantly expanding ecosystem of real-time value-added services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/24/2020 via BNC Analysis

Merpay, will acquire Origami Inc.

synopsis: Tokyo-based Merpay, the mobile payments unit of community-based shopping app Mercari, has reached an agreement to acquire all shares in rival Origami, a Tokyo-based start up offering a mobile shopping experience which bridges online and offline.
buyer parent: Mercari
buyer: Merpay
Tokyo-based Merpay is the mobile payments unit of community-based shopping app Mercari. "
target: Origami Inc.
Origami is a Tokyo-based start up offering a mobile shopping experience which bridges online and offline. Origami offers a mobile payments platform which allows retailers to connect, communicate and market to new and existing customers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/30/2019 via BNC Analysis

PayPal, Inc., acquired GoPay

synopsis: PayPal has acquired 70% equity of GoPay (Guofubao Information Technology Co. [GoPay], Ltd.), which will make PayPal the first foreign payment platform to provide online payment services in China. GoPay is a technology and financial comprehensive service platform based on third-party payment.
buyer: PayPal, Inc. (PYPL:$21,454.00)
PayPal’s digital payments platform gives active account holders the confidence to connect and transact in powerful ways, whether online, on mobile, in app, or in person. PayPal creates ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. "
target: GoPay
Founded in January 2011, GoPay (Guofubao Information Technology Co., Ltd.) is a technology and financial comprehensive service platform based on third-party payment. Guofubao now has online payment products, mobile payment products and financial services for B2B/B2C.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/8/2019 via BusinessWire

Visa, Inc., acquired Earthport plc

synopsis: Visa Inc. announced it has acquired control of Earthport, a company that provides cross-border payment services to banks, money transfer service providers and businesses via the world’s largest independent ACH network.
buyer: Visa, Inc. (V:$21,846.00)
Visa Inc. is the world’s leader in digital payments. Their mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. "
target: Earthport plc (EPCUF.PK:$42.04)
Earthport provides cross-border payment services to banks, money transfer service providers and businesses via the world’s largest independent ACH network. Customers gain new levels of predictability, transparency and cost-efficiency without intermediary deductions or landing fees.
price ($mm)[EV]
$296 [$266]
rev ($mm)
$41
EBITDA ($mm)
EV / rev
6.9x
EV / EBITDA
closed 7/31/2019 via BNC Analysis

Worldpay Group merged with FIS,

synopsis: FIS, a global provider dedicated to financial technology solutions, has acquired Worldpay, Inc., creating a global leader in technology and solutions for merchants, banks, and capital markets. Worldpay is a leading payments technology company with a unique capability to power global omni-commerce.
buyer parent: Fidelity National Financial
buyer: FIS (FIS:$9,241.00)
FIS is a global provider dedicated to financial technology solutions. FIS software, services, consulting and outsourcing solutions are focused on retail and institutional banking, payments, asset and wealth management, risk and compliance, trade enablement, transaction processing and record-keeping."
target: Worldpay Group (WP:$4,044.70)
Worldpay is a leading payments technology company with unique capability to power global omni-commerce. With an integrated technology platform, Worldpay offers a comprehensive suite of products and services, delivered globally through a single provider.
price ($mm)[EV]
$35,170 [$42,869]
rev ($mm)
$3,925
EBITDA ($mm)
$1,548
EV / rev
11.0x
EV / EBITDA
28.0x
closed 7/9/2019 via BusinessWire

MasterCard Incorporated, acquired Transfast

synopsis: Mastercard, a technology company in the global payments industry, has acquired Transfast, a global cross-border account-to-account money transfer network. Transfast will enable Mastercard to continue servicing the growing needs of consumers and businesses as well as governments and merchants in cross-border transactions.
buyer: MasterCard Incorporated (MA:$15,301.00)
MasterCard is a technology company in the global payments industry. Mastercard operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. "
target: Transfast
Transfast is a global cross-border account-to-account money transfer network. Transfast's proprietary payment network enables person-to-person, business-to-person and business-to-business payments services to their partners via APIs, SFTP, web and mobile product applications.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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NCR Corporation
NCR Corporation
NCR Corporation is a global technology company leading how the world connects, interacts and transacts with business. NCR’s assisted- and self-service solutions and comprehensive support services address the needs of retail, financial, healthcare, entertainment, and public sector organizations.
year
2020
rev ($mm)
$6,462.00
EBITDA ($mm)
$642.00
EBIT ($mm)
$437.00
Net Income ($mm)
$467.00
Employees
36000
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Ticker: BSE:532668
 
 
 
 
 
 
 
 
aurionPro Solutions
aurionPro Solutions
Aurionpro Solutions is a global technology solutions leader that helps enterprises accelerate their digital innovation, securely and efficiently. It combines core domain expertise, thought leadership in innovation, security and leverages industry.
year
2020
rev ($mm)
$48.86
EBITDA ($mm)
$8.33
EBIT ($mm)
$7.04
Net Income ($mm)
$3.59
Employees
1029
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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: ASX:PIL
 
 
 
 
 
 
 
 
Peppermint Innovation Limited
Peppermint Platform is a mobile banking, payments and remittance technology designed for banks, mobile money operators, money transfer and funds remittance companies, payment processors, retailers/merchants, credit card companies and microfinance institutions.
year
2015
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
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Ticker: FISV
 
 
 
 
 
 
 
 
Fiserv, Inc.
Fiserv, Inc.
Fiserv, Inc. is a leading global technology provider serving the financial services industry, driving innovation in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization.
year
2020
rev ($mm)
$14,852.00
EBITDA ($mm)
$4,722.00
EBIT ($mm)
$1,630.00
Net Income ($mm)
$958.00
Employees
44000
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Ticker: BSX:M2G
 
 
 
 
 
 
 
 
M2 Global Ltd.
M2 Global Ltd. develops, acquires, operates, holds and licenses income-producing intellectual property assets. The company focuses on software, patents, trademarks and other proprietary rights underlying information technology directed at the financial services industry.
year
2008
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
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Ticker: SEHK:2318
 
 
 
 
 
 
 
 
Ping An Insurance Group
Ping An Insurance Group
Ping An Insurance Group is one of China’s largest financial conglomerates. Ping An Insurance offers all kinds of insurance products, including travel, family, accident, corporate, health, life, and property insurance. They also offer services for loans, credit cards, and more.
year
2019
rev ($mm)
$159,378.71
EBITDA ($mm)
$31,223.54
EBIT ($mm)
$30,150.45
Net Income ($mm)
$18,493.28
Employees
376900
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Ticker: JPM
 
 
 
 
 
 
 
 
J.P. Morgan Chase & Co.
J.P. Morgan Chase & Co.
JPMorgan Chase & Co. is an American multinational banking corporation of securities, investments and retail. It is a major provider of financial services, with assets of $2.4 trillion and according to Forbes magazine is the world's second largest public company based on a composite ranking.
year
2020
rev ($mm)
$98,035.00
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$25,515.00
Employees
256358
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Ticker: C
 
 
 
 
 
 
 
 
Citigroup
Citigroup
Citi's mission is to serve as a trusted partner to their clients by responsibly providing financial services that enable growth and economic progress. Their core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of their clients.
year
2017
rev ($mm)
$63,902.00
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$15,501.00
Employees
215000
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Ticker: ENXTPA:BNP
 
 
 
 
 
 
 
 
BNP Paribas
BNP Paribas
BNP Paribas provides a range of banking and financial services worldwide. Its retail banking business offers current accounts and structured solutions in the areas of corporate financing and asset management; various banking, financial, and insurance products and services; and more.
year
2017
rev ($mm)
$48,518.08
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$9,118.99
Employees
192092
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Ticker: TSX:MFC
 
 
 
 
 
 
 
 
Manulife
Manulife
Manulife is a leading financial services group with operations in Asia, Canada and the United States. Manulife's international network of employees, agents and distribution partners offers financial protection and wealth management products and services.
year
2015
rev ($mm)
$44,261.87
EBITDA ($mm)
$4,661.97
EBIT ($mm)
$4,275.68
Net Income ($mm)
$2,758.63
Employees
28000
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Ticker: AXP
 
 
 
 
 
 
 
 
American Express Company
American Express Company
The American Express Company is a diversified worldwide travel, financial and network services company founded in 1850. It is a leader in charge and credit cards, Travelers Cheques, travel, insurance and international banking.
year
2020
rev ($mm)
$34,260.00
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$4,072.00
Employees
64000
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Ticker: SWX:UBSN
 
 
 
 
 
 
 
 
UBS AG
UBS AG provides a range of financial services, including advisory services, underwriting, financing, market making, asset management, brokerage and retail banking on a global level. Its financial businesses are organized into three Business Groups and the Corporate Center.
year
2014
rev ($mm)
$30,778.77
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$3,882.03
Employees
60326
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Ticker: DB
 
 
 
 
 
 
 
 
Deutsche Bank AG
Deutsche Bank AG
Deutsche Bank is a leading global investment bank with a substantial private clients franchise. Its businesses are mutually reinforcing. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets.
year
2018
rev ($mm)
$30,154.05
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
97130
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Ticker: ENXTPA:GLE
 
 
 
 
 
 
 
 
Société Générale
Societe Generale is one of the leading financial services groups in Europe. Based on a diversified universal banking model, the Group combines financial solidity and a strategy of sustainable growth. Their objective: to be the leading relationship-focused bank, a reference in its markets.
year
2018
rev ($mm)
$28,618.06
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$3,480.32
Employees
147000
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Ticker: SLF
 
 
 
 
 
 
 
 
Sun Life Financial Inc.
Sun Life Financial is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate clients.
year
2009
rev ($mm)
$26,356.07
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$2,305.63
Employees
14260
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Ticker: LSE:BARC
 
 
 
 
 
 
 
 
Barclays PLC
Barclays PLC
Barclays is a major global financial services provider engaged in retail banking, credit cards, corporate and investment banking and wealth management with an extensive international presence in Europe, the Americas, Africa and Asia. Barclays operates in over 50 countries and employs 147,500 people.
year
2018
rev ($mm)
$25,009.44
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$1,106.41
Employees
79900
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Ticker: V
 
 
 
 
 
 
 
 
Visa, Inc.
Visa, Inc.
Visa, Inc. is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments.
year
2020
rev ($mm)
$21,846.00
EBITDA ($mm)
$14,859.00
EBIT ($mm)
$14,092.00
Net Income ($mm)
$10,866.00
Employees
19500
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Ticker: CS
 
 
 
 
 
 
 
 
Credit Suisse Group AG
Credit Suisse Group AG
Credit Suisse provides its clients with investment banking, private banking and asset management services worldwide. Credit Suisse offers advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally.
year
2018
rev ($mm)
$21,321.43
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
45560
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Ticker: TSX:BMO
 
 
 
 
 
 
 
 
BMO Financial Group
BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group serves more than 10 million personal, commercial, corporate and institutional customers in North America and internationally.
year
2019
rev ($mm)
$18,680.79
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$4,370.56
Employees
45513
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Ticker: BIT:ISP
 
 
 
 
 
 
 
 
Intesa Sanpaolo SpA
Intesa Sanpaolo SpA
Intesa Sanpaolo is the leading banking group in Italy, with approximately 4,400 branches and 11.9 million customers. Intesa Sanpaolo is a leader in Italy in all business sectors ( retail, corporate and wealth management ).
year
2017
rev ($mm)
$17,734.40
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$5,158.59
Employees
96892
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