Like FundTech, Ltd.

closed 11/30/2011 via GlobeNewswire

BankServ, acquired FundTech, Ltd.

synopsis: BankServe, a developer of SaaS-based payment systems used by banks and corporations to transfer money quickly and efficiently, has completed its acquisition of Fundtech, a leading provider of software and services to banks of all sizes around the world.
buyer parent: GTCR, LLC
buyer: BankServ
BankServ develops SaaS-based payment systems used by banks and corporations to transfer money quickly and efficiently. The company's product lineup includes systems for wire transfers, SWIFT messaging and connectivity, remote deposit capture, online payments, mobile banking and more. "
target: FundTech, Ltd. (FNDT:$141.94)
Fundtech is a leading provider of software solutions and services that facilitate payments, settlement and cash management by enabling businesses and their banks to electronically manage cash, process payments and transfer funds.
price ($mm)[EV]
$357 [$283]
rev ($mm)
$151
EBITDA ($mm)
$20
EV / rev
2.0x
EV / EBITDA
15.5x
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 ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
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 ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
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)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
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 ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
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:$21,354.00)
Visa Inc. is the world’s leader in digital payments. Their mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. "
target parent: Hogg Robinson Group Plc
target: Fraedom
Based in the UK, Fraedom works with banks to enhance their card programs and help their customers manage business spend through its easy-to-use spend management system. The platform helps banks to differentiate their service, drive card uptake, increase card spend and improve customer retention.
price ($mm)
$200
rev ($mm)
$47
EBITDA ($mm)
EV / rev
4.3x
EV / EBITDA
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)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
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
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)
EV / rev
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 ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/30/2015 via PR Newswire

Davis + Henderson Corporation, acquired FundTech, Ltd.

synopsis: GTCR, a leading private equity firm, announced that its portfolio company Fundtech, a leading provider of global payments and transaction banking software, has been acquired by DH Corporation, a leading provider of secure and reliable technology solutions to North American financial institutions.
buyer: Davis + Henderson Corporation (TSX:DH:$1,260.20)
Founded in 1875, Davis + Henderson Corporation is a leading solutions provider to the North American financial services marketplace, providing innovative technology-based programs, products and business services tailored to their customers' needs. "
target parent: GTCR, LLC
target: FundTech, Ltd. (FNDT:$141.94)
Fundtech is a leading provider of software solutions and services that facilitate payments, settlement and cash management by enabling businesses and their banks to electronically manage cash, process payments and transfer funds.
price ($mm)
$1,250
rev ($mm)
$263
EBITDA ($mm)
$59
EV / rev
4.8x
EV / EBITDA
21.0x
closed 5/7/2015 via

MyECheck, acquired Seergate Ltd.

synopsis: MyECheck, the leader in electronic check solutions for online and mobile payments, has closed the acquisition of Seergate Ltd, developer of a cloud platform for billing and payments. The Seergate system has been integrated with the MyECheck payment systems adding multiple revolutionary new international payment and banking related capabilities.
buyer: MyECheck (OTCPK:MYEC:$0.78)
MyECheck Inc. is a leading electronic payment technology developer and payment services provider. MyECheck provides comprehensive payment systems for all payment applications including mobile payments and the industry's most advanced security and fraud control technologies. "
target: Seergate Ltd.
Seergate developed an omni-channel payment platform that targets small business, electronic commerce and personal money movement. The Seergate payments platform is a robust and proven solution that ran in production with 4 banks in the US in collaboration with a banking core processor.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/28/2013 via BusinessWire

Francisco Partners Management LLC, will acquire Paymetric Inc.

synopsis: Paymetric, Inc., the leading provider of SaaS-based enterprise security and integrated payment acceptance solutions, announced a majority investment from Francisco Partners, a global technology-focused private equity firm.
buyer: Francisco Partners Management LLC
Francisco Partners is a global private equity firm that specializes in investments in technology companies. Since its launch over a decade ago, FP has raised approximately $7 billion and invested in more than 100 technology companies, making it one of the most active investors in the industry. "
target: Paymetric Inc.
Paymetric is the market leader in Enterprise Payment solutions with specific focus on SAP payment processing. With recognized payment processing expertise, superior product functionality, and exceptional customer service, Paymetric solutions reduce cost, improve cash flow, and mitigate risk.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/9/2012 via Company Press Release

Insider Technologies Limited, acquired Insider Technologies Limited

synopsis: A software firm specialising in helping banks keep tabs on money movements aims to double revenues after completing a £3m management buyout. Insider Technologies, based on Salford Quays, UK, supplies software technology to retail and investment banks.
buyer: 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. "
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)
$4.80
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/13/2012 via GlobeNewswire

ACI Worldwide, acquired S1 Corporation

synopsis: ACI Worldwide, Inc., an international provider of payment systems, announced that it has accepted for payment all shares of S1 Corporation. S1 delivers integrated financial services on an open platform to leading financial institutions, retailers, and processors. Its solution family spans payments, online banking, and branch banking.
buyer: ACI Worldwide (ACIW:$1,006.33)
ACI Worldwide powers electronic payments for more than 800 financial institutions, retailers and processors around the world, with its broad and integrated suite of electronic payment software. More than 90 billion times each year, ACI's solutions process consumer payments. "
target: S1 Corporation
S1 Corporation delivers integrated financial services on an open platform to leading financial institutions, retailers, and processors. Its solution family spans payments, online banking, and branch banking.
price ($mm)[EV]
$510 [$422]
rev ($mm)
$235
EBITDA ($mm)
$14
EV / rev
1.8x
EV / EBITDA
29.8x
cancelled 9/16/2011 via GlobeNewswire

FundTech, Ltd. cancelled merger with S1 Corporation,

synopsis: S1 Corporation, a leading global provider of payments and financial services software solutions, announced that it has terminated its merger agreement with Fundtech Ltd., a leading provider of software solutions and services that facilitate payments, settlement and cash management.
buyer: S1 Corporation
S1 provides customer-interaction software solutions for financial and payments services. S1's software products and services give retail banks, wholesale banks, and credit unions one source for software products that address all customer touch-points. "
target: FundTech, Ltd. (FNDT:$141.94)
Fundtech is a leading provider of software solutions and services that facilitate payments, settlement and cash management by enabling businesses and their banks to electronically manage cash, process payments and transfer funds.
price ($mm)[EV]
$309 [$228]
rev ($mm)
$146
EBITDA ($mm)
$21
EV / rev
1.6x
EV / EBITDA
10.8x
closed 1/17/2008 via BusinessWire

Goldleaf Financial Solutions, Inc., acquired Alogent Corporation

synopsis: Goldleaf Financial Solutions, Inc., a provider of integrated technology-based solutions designed to improve the performance of financial institutions, acquired Atlanta-based Alogent Corp. a leading provider of enterprise deposit automation technologies for global financial institutions, for a total consideration of approximately $42.5 million.
buyer: Goldleaf Financial Solutions, Inc.
Goldleaf Financial Solutions, Inc. offers a strategic suite of integrated technology and payment processing solutions to global financial institutions of all sizes. The company's products and services enable financial institutions to succeed in today's competitive market. "
target: Alogent Corporation
Alogent Corporation is a leading global provider of enterprise payment processing solutions that enable financial institutions and processors to accelerate the conversion of paper to electronic processing.
price ($mm)[EV]
$39 [$33]
rev ($mm)
$19
EBITDA ($mm)
$1
EV / rev
2.5x
EV / EBITDA
40.5x
closed 4/30/2015 via PR Newswire

Davis + Henderson Corporation, acquired FundTech, Ltd.

synopsis: GTCR, a leading private equity firm, announced that its portfolio company Fundtech, a leading provider of global payments and transaction banking software, has been acquired by DH Corporation, a leading provider of secure and reliable technology solutions to North American financial institutions.
buyer: Davis + Henderson Corporation (TSX:DH:$1,260.20)
Founded in 1875, Davis + Henderson Corporation is a leading solutions provider to the North American financial services marketplace, providing innovative technology-based programs, products and business services tailored to their customers' needs. "
target parent: GTCR, LLC
target: FundTech, Ltd. (FNDT:$141.94)
Fundtech is a leading provider of software solutions and services that facilitate payments, settlement and cash management by enabling businesses and their banks to electronically manage cash, process payments and transfer funds.
price ($mm)
$1,250
rev ($mm)
$263
EBITDA ($mm)
$59
EV / rev
4.8x
EV / EBITDA
21.0x
closed 11/30/2011 via GlobeNewswire

BankServ, acquired FundTech, Ltd.

synopsis: BankServe, a developer of SaaS-based payment systems used by banks and corporations to transfer money quickly and efficiently, has completed its acquisition of Fundtech, a leading provider of software and services to banks of all sizes around the world.
buyer parent: GTCR, LLC
buyer: BankServ
BankServ develops SaaS-based payment systems used by banks and corporations to transfer money quickly and efficiently. The company's product lineup includes systems for wire transfers, SWIFT messaging and connectivity, remote deposit capture, online payments, mobile banking and more. "
target: FundTech, Ltd. (FNDT:$141.94)
Fundtech is a leading provider of software solutions and services that facilitate payments, settlement and cash management by enabling businesses and their banks to electronically manage cash, process payments and transfer funds.
price ($mm)[EV]
$357 [$283]
rev ($mm)
$151
EBITDA ($mm)
$20
EV / rev
2.0x
EV / EBITDA
15.5x
cancelled 9/16/2011 via GlobeNewswire

FundTech, Ltd. cancelled merger with S1 Corporation,

synopsis: S1 Corporation, a leading global provider of payments and financial services software solutions, announced that it has terminated its merger agreement with Fundtech Ltd., a leading provider of software solutions and services that facilitate payments, settlement and cash management.
buyer: S1 Corporation
S1 provides customer-interaction software solutions for financial and payments services. S1's software products and services give retail banks, wholesale banks, and credit unions one source for software products that address all customer touch-points. "
target: FundTech, Ltd. (FNDT:$141.94)
Fundtech is a leading provider of software solutions and services that facilitate payments, settlement and cash management by enabling businesses and their banks to electronically manage cash, process payments and transfer funds.
price ($mm)[EV]
$309 [$228]
rev ($mm)
$146
EBITDA ($mm)
$21
EV / rev
1.6x
EV / EBITDA
10.8x
closed 4/1/2009 via Capital IQ

FundTech, Ltd., acquired interSoftware, Ltd.

synopsis: Fundtech Ltd, a market leader in global transaction banking solutions, has announced the acquisition of InterSoftware Ltd, through its UK-based division Accountis Europe Ltd. The acquisition expands the company’s UK corporate payments customer base to 8,500, representing over one-third of all companies processing Bacs payments.
buyer: FundTech, Ltd. (FNDT:$141.94)
Accountis is an electronic invoice presentment and payment systems provider. "
target: interSoftware, Ltd.
As a leading supplier of BACS software systems, interSoftware offers BACS-IP payment packages which can replace paper-based payment and collection methods with an online payment system which will save you time and money.
price ($mm)
$3.86
rev ($mm)
$2
EBITDA ($mm)
EV / rev
2.5x
EV / EBITDA
announced 10/8/2008 via BusinessWire

FundTech Ltd., will acquire Synergy Financial Systems

synopsis: Fundtech Ltd., a market leader in global transaction banking solutions, announced the acquisition of Synergy Financial Systems Ltd., through its Swiss subsidiary BBP, making it the world’s largest SWIFT service bureau operator based on transaction volume, with a client base of over 200 financial institutions.
buyer: FundTech Ltd. (FNDT:$141.94)
Fundtech is a leading provider of software solutions and services that facilitate payments, settlement and cash management by enabling businesses and their banks to electronically manage cash, process payments and transfer funds. "
target: Synergy Financial Systems
Synergy Financial Systems, Ltd. operates as a SWIFT service bureau providing support and hosting services to financial institutions, corporate treasuries, fund managers, dealer/brokers, and banks. Its support services include hosting, SWIFTnet link connectivity, and SWIFTcare for alliance support.
price ($mm)
$3.52
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/20/2008 via BusinessWire

FundTech Ltd., purchased Automated Clearing House Software Product Line from TROY Group Inc.

synopsis: Fundtech Ltd., a market leader in global corporate banking solutions,has acquired TROY Group Inc.'s ACH Software Product Line. The acquisition adds an important component to Fundtech's existing line of cash management and corporate payments systems, and enables the company to offer a complete front-to-back corporate banking solution.
buyer: FundTech Ltd. (FNDT:$141.94)
Fundtech is a leading provider of software solutions and services that facilitate payments, settlement and cash management by enabling businesses and their banks to electronically manage cash, process payments and transfer funds. "
seller: TROY Group Inc.
TROY Group is a worldwide provider of printing solutions. Our security printing solutions include application software, high security check printing hardware and specialized consumables for secure printing and payment applications. We sell and service our products to major corporations worldwide.
price ($mm)[EV]
$1.18 [$3.48]
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/14/2007 via finextra.com

FundTech Ltd., acquired Prang GmbH

synopsis: US e-payment processor Fundtech has acquired Prang, a Frankfurt-based provider of payments software, for a maximum consideration of EUR8 million in cash. Founded in 1991, Prang's payments technology runs on the IBM iSeries platform, with over 50 installations in Germany and other international markets.
buyer: FundTech Ltd. (FNDT:$141.94)
Fundtech is a leading provider of software solutions and services that facilitate payments, settlement and cash management by enabling businesses and their banks to electronically manage cash, process payments and transfer funds. "
target: Prang GmbH
Since the start-up in 1991 Prang GmbH has specialized on the development and implementation of standard software solutions for banks. A decade of growth in industry know-how has transformed the Prang products into a synonym for the professional and reliable handling of payment transactions.
price ($mm)
$5.40
rev ($mm)
$3
EBITDA ($mm)
EV / rev
3.1x
EV / EBITDA
announced 10/17/2005 via BusinessWire

FundTech Ltd., will acquire Radius Partners

synopsis: Fundtech Ltd., a leading provider of end-to-end corporate banking and securities processing software and services, today announced the signing of a definitive agreement to acquire Radius Partners, a leading provider of straight through processing (STP) solutions to the global securities industry, located in Pembroke, Massachusetts.
buyer: FundTech Ltd. (FNDT:$141.94)
Fundtech is a leading provider of software solutions and services that facilitate payments, settlement and cash management by enabling businesses and their banks to electronically manage cash, process payments and transfer funds. "
target: Radius Partners
Radius Partners provides software solutions and services that facilitate the matching and settlement of institutional trades. The Company was founded in 2000 by Chris Walsh and Scott Lorimer.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/30/2015 via PR Newswire

Davis + Henderson Corporation, acquired FundTech, Ltd.

synopsis: GTCR, a leading private equity firm, announced that its portfolio company Fundtech, a leading provider of global payments and transaction banking software, has been acquired by DH Corporation, a leading provider of secure and reliable technology solutions to North American financial institutions.
buyer: Davis + Henderson Corporation (TSX:DH:$1,260.20)
Founded in 1875, Davis + Henderson Corporation is a leading solutions provider to the North American financial services marketplace, providing innovative technology-based programs, products and business services tailored to their customers' needs. "
target parent: GTCR, LLC
target: FundTech, Ltd. (FNDT:$141.94)
Fundtech is a leading provider of software solutions and services that facilitate payments, settlement and cash management by enabling businesses and their banks to electronically manage cash, process payments and transfer funds.
price ($mm)
$1,250
rev ($mm)
$263
EBITDA ($mm)
$59
EV / rev
4.8x
EV / EBITDA
21.0x
closed 11/30/2011 via GlobeNewswire

BankServ, acquired FundTech, Ltd.

synopsis: BankServe, a developer of SaaS-based payment systems used by banks and corporations to transfer money quickly and efficiently, has completed its acquisition of Fundtech, a leading provider of software and services to banks of all sizes around the world.
buyer parent: GTCR, LLC
buyer: BankServ
BankServ develops SaaS-based payment systems used by banks and corporations to transfer money quickly and efficiently. The company's product lineup includes systems for wire transfers, SWIFT messaging and connectivity, remote deposit capture, online payments, mobile banking and more. "
target: FundTech, Ltd. (FNDT:$141.94)
Fundtech is a leading provider of software solutions and services that facilitate payments, settlement and cash management by enabling businesses and their banks to electronically manage cash, process payments and transfer funds.
price ($mm)[EV]
$357 [$283]
rev ($mm)
$151
EBITDA ($mm)
$20
EV / rev
2.0x
EV / EBITDA
15.5x
closed 8/25/2011 via GlobeNewswire

GTCR, LLC, acquired BankServ

synopsis: BankServ, a leading provider of SaaS banking and payments systems, announced that its acquisition by private equity firm GTCR has been formally completed. GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare and Information Services & Technology industries.
buyer: GTCR, LLC
Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare and Information Services & Technology industries. "
target: BankServ
BankServ develops SaaS-based payment systems used by banks and corporations to transfer money quickly and efficiently. The company's product lineup includes systems for wire transfers, SWIFT messaging and connectivity, remote deposit capture, online payments, mobile banking and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/31/2010 via GlobeNewswire

BankServ, will acquire NetDeposit

synopsis: BankServ and NetDeposit, leaders in remote deposit capture and electronic payment technologies, announced the signing of a definitive agreement wherein BankServ will acquire substantially all of the assets of NetDeposit, LLC, a wholly owned subsidiary of Zions Bancorporation.
buyer: BankServ
BankServ is a leading provider of banking and payment technology for financial institutions and businesses. With its SaaS delivery model, BankServ offers world-class service bureau products for Fedwire processing, Swift messaging, remote deposit capture, and mobile and online payment acceptance. "
target parent: Zions Bancorporation
target: NetDeposit
NetDeposit leads the revolution in payment technologies, which support paper to image processing, distributed capture, and electronic clearing. NetDeposit's products and services include remote deposit capture, branch capture, image cash letter processing, and check clearing.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/5/2006 via PR Newswire

BankServ, acquired Magex Managed Payments Platform

synopsis: BankServ has acquired Magex Managed Payments Platform, a division of financial technology developer Magex Holdings Ltd. The Magex Managed Payments Platform division is the producer of P2P systems that let consumers exchange money over the Internet or using their mobile phones.
buyer: BankServ
Since its inception in 1996, BankServ has been dedicated to developing new technology to move money quickly and safely over electronic networks. BankServ is a leading global provider of secure Fed wire transfer, SWIFT, Check 21 and ACH payment solutions for banks, governments and businesses. "
target: Magex Managed Payments Platform
Magex Managed Payments Platform is a division of financial technology developer Magex Holdings Ltd. The Magex Managed Payments Platform division is the producer of P2P systems that let consumers exchange money over the Internet or using their mobile phones.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/29/2004 via PR Newswire

BankServ, acquired SyMTec Solutions Ltd.

synopsis: In its second overseas acquisition in six months, BankServ, a leading electronic funds transfer company based in San Francisco, has acquired the business of Symtec Solutions LTD, a top provider of international money transfer and SWIFT financial messaging software headquartered in London, England.
buyer: BankServ
Since its inception in 1996, BankServ has been dedicated to developing new technology to move money quickly and safely over electronic networks. BankServ is a leading global provider of secure Fed wire transfer, SWIFT, Check 21 and ACH payment solutions for banks, governments and businesses. "
target: SyMTec Solutions Ltd.
SyMTec Solutions Ltd. is an innovative, fast-growing software house. Profitable and dynamic, we are moving from success to success, both with business development and product innovation. Our superb customer base includes some of the world's largest banks and investment houses, as well as many small
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/30/2011 via GlobeNewswire

BankServ, acquired FundTech, Ltd.

synopsis: BankServe, a developer of SaaS-based payment systems used by banks and corporations to transfer money quickly and efficiently, has completed its acquisition of Fundtech, a leading provider of software and services to banks of all sizes around the world.
buyer parent: GTCR, LLC
buyer: BankServ
BankServ develops SaaS-based payment systems used by banks and corporations to transfer money quickly and efficiently. The company's product lineup includes systems for wire transfers, SWIFT messaging and connectivity, remote deposit capture, online payments, mobile banking and more. "
target: FundTech, Ltd. (FNDT:$141.94)
Fundtech is a leading provider of software solutions and services that facilitate payments, settlement and cash management by enabling businesses and their banks to electronically manage cash, process payments and transfer funds.
price ($mm)[EV]
$357 [$283]
rev ($mm)
$151
EBITDA ($mm)
$20
EV / rev
2.0x
EV / EBITDA
15.5x
closed 8/25/2011 via GlobeNewswire

GTCR, LLC, acquired BankServ

synopsis: BankServ, a leading provider of SaaS banking and payments systems, announced that its acquisition by private equity firm GTCR has been formally completed. GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare and Information Services & Technology industries.
buyer: GTCR, LLC
Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare and Information Services & Technology industries. "
target: BankServ
BankServ develops SaaS-based payment systems used by banks and corporations to transfer money quickly and efficiently. The company's product lineup includes systems for wire transfers, SWIFT messaging and connectivity, remote deposit capture, online payments, mobile banking and more.
price ($mm)
rev ($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 ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
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 ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
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)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
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 ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
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:$21,354.00)
Visa Inc. is the world’s leader in digital payments. Their mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. "
target parent: Hogg Robinson Group Plc
target: Fraedom
Based in the UK, Fraedom works with banks to enhance their card programs and help their customers manage business spend through its easy-to-use spend management system. The platform helps banks to differentiate their service, drive card uptake, increase card spend and improve customer retention.
price ($mm)
$200
rev ($mm)
$47
EBITDA ($mm)
EV / rev
4.3x
EV / EBITDA
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)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
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
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)
EV / rev
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 ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/30/2015 via PR Newswire

Davis + Henderson Corporation, acquired FundTech, Ltd.

synopsis: GTCR, a leading private equity firm, announced that its portfolio company Fundtech, a leading provider of global payments and transaction banking software, has been acquired by DH Corporation, a leading provider of secure and reliable technology solutions to North American financial institutions.
buyer: Davis + Henderson Corporation (TSX:DH:$1,260.20)
Founded in 1875, Davis + Henderson Corporation is a leading solutions provider to the North American financial services marketplace, providing innovative technology-based programs, products and business services tailored to their customers' needs. "
target parent: GTCR, LLC
target: FundTech, Ltd. (FNDT:$141.94)
Fundtech is a leading provider of software solutions and services that facilitate payments, settlement and cash management by enabling businesses and their banks to electronically manage cash, process payments and transfer funds.
price ($mm)
$1,250
rev ($mm)
$263
EBITDA ($mm)
$59
EV / rev
4.8x
EV / EBITDA
21.0x
closed 5/7/2015 via

MyECheck, acquired Seergate Ltd.

synopsis: MyECheck, the leader in electronic check solutions for online and mobile payments, has closed the acquisition of Seergate Ltd, developer of a cloud platform for billing and payments. The Seergate system has been integrated with the MyECheck payment systems adding multiple revolutionary new international payment and banking related capabilities.
buyer: MyECheck (OTCPK:MYEC:$0.78)
MyECheck Inc. is a leading electronic payment technology developer and payment services provider. MyECheck provides comprehensive payment systems for all payment applications including mobile payments and the industry's most advanced security and fraud control technologies. "
target: Seergate Ltd.
Seergate developed an omni-channel payment platform that targets small business, electronic commerce and personal money movement. The Seergate payments platform is a robust and proven solution that ran in production with 4 banks in the US in collaboration with a banking core processor.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/28/2013 via BusinessWire

Francisco Partners Management LLC, will acquire Paymetric Inc.

synopsis: Paymetric, Inc., the leading provider of SaaS-based enterprise security and integrated payment acceptance solutions, announced a majority investment from Francisco Partners, a global technology-focused private equity firm.
buyer: Francisco Partners Management LLC
Francisco Partners is a global private equity firm that specializes in investments in technology companies. Since its launch over a decade ago, FP has raised approximately $7 billion and invested in more than 100 technology companies, making it one of the most active investors in the industry. "
target: Paymetric Inc.
Paymetric is the market leader in Enterprise Payment solutions with specific focus on SAP payment processing. With recognized payment processing expertise, superior product functionality, and exceptional customer service, Paymetric solutions reduce cost, improve cash flow, and mitigate risk.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/9/2012 via Company Press Release

Insider Technologies Limited, acquired Insider Technologies Limited

synopsis: A software firm specialising in helping banks keep tabs on money movements aims to double revenues after completing a £3m management buyout. Insider Technologies, based on Salford Quays, UK, supplies software technology to retail and investment banks.
buyer: 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. "
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)
$4.80
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/13/2012 via GlobeNewswire

ACI Worldwide, acquired S1 Corporation

synopsis: ACI Worldwide, Inc., an international provider of payment systems, announced that it has accepted for payment all shares of S1 Corporation. S1 delivers integrated financial services on an open platform to leading financial institutions, retailers, and processors. Its solution family spans payments, online banking, and branch banking.
buyer: ACI Worldwide (ACIW:$1,006.33)
ACI Worldwide powers electronic payments for more than 800 financial institutions, retailers and processors around the world, with its broad and integrated suite of electronic payment software. More than 90 billion times each year, ACI's solutions process consumer payments. "
target: S1 Corporation
S1 Corporation delivers integrated financial services on an open platform to leading financial institutions, retailers, and processors. Its solution family spans payments, online banking, and branch banking.
price ($mm)[EV]
$510 [$422]
rev ($mm)
$235
EBITDA ($mm)
$14
EV / rev
1.8x
EV / EBITDA
29.8x
cancelled 9/16/2011 via GlobeNewswire

FundTech, Ltd. cancelled merger with S1 Corporation,

synopsis: S1 Corporation, a leading global provider of payments and financial services software solutions, announced that it has terminated its merger agreement with Fundtech Ltd., a leading provider of software solutions and services that facilitate payments, settlement and cash management.
buyer: S1 Corporation
S1 provides customer-interaction software solutions for financial and payments services. S1's software products and services give retail banks, wholesale banks, and credit unions one source for software products that address all customer touch-points. "
target: FundTech, Ltd. (FNDT:$141.94)
Fundtech is a leading provider of software solutions and services that facilitate payments, settlement and cash management by enabling businesses and their banks to electronically manage cash, process payments and transfer funds.
price ($mm)[EV]
$309 [$228]
rev ($mm)
$146
EBITDA ($mm)
$21
EV / rev
1.6x
EV / EBITDA
10.8x

Like FundTech, Ltd.


read more

FundTech, Ltd.

Bouncer

IntegraPay

Mann-India Technologies Pvt. Ltd.

Microgen Financial Systems

Baltic Banking Service

ALVARA Cash Management Group AG

Fraedom

Paymetric Inc.

LendingTools.com

PayStar, Inc.

VANSO

Insider Technologies Limited

FundTech, Ltd.

Seergate Ltd.

Paymetric Inc.

Insider Technologies Limited

S1 Corporation

FundTech, Ltd.

Alogent Corporation

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FundTech, Ltd.

FundTech, Ltd.

FundTech, Ltd.

interSoftware, Ltd.

Synergy Financial Systems

TROY Group Inc.

Prang GmbH

Radius Partners

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FundTech, Ltd.

FundTech, Ltd.

BankServ

NetDeposit

Magex Managed Payments Platform

SyMTec Solutions Ltd.

read more

FundTech, Ltd.

BankServ

Bouncer

IntegraPay

Mann-India Technologies Pvt. Ltd.

Microgen Financial Systems

Baltic Banking Service

ALVARA Cash Management Group AG

Fraedom

Paymetric Inc.

LendingTools.com

PayStar, Inc.

VANSO

Insider Technologies Limited

FundTech, Ltd.

Seergate Ltd.

Paymetric Inc.

Insider Technologies Limited

S1 Corporation

FundTech, Ltd.

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