Like Vuru Inc.

closed 8/21/2012 via BNC Analysis

Wave Accounting, acquired Vuru Inc.

synopsis: Wave Accounting, the innovators of award-winning small business software, announced the acquisition of Vuru.co, an online stock research and investment tracking application.
buyer: Wave Accounting
Based in Toronto, Canada, Wave Accounting provides integrated online applications that help small business owners around the world run their businesses. "
target: Vuru Inc.
Vuru is a website that makes sense of financial reports for self-directed investors. It's an automated analysis engine that does thousands of hours of stock analysis in seconds. It distills complex financial statements into clear, transparent reports that show investors the fundamentals that matter.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/15/2016 via BNC Analysis

Ayondo, acquired Tradehero

synopsis: TradeHero, the Singapore-based trading simulator startup, has been acquired by Germany-headquartered Ayondo, a group that “invests in new technology and high-growth business models” in the banking sector.
buyer: Ayondo
Ayondo offers both a sophisticated online trading platform and a leading Social Trading platform. Social trading allows retail investors to automatically copy the trades of experts. "
target: Tradehero
TradeHero is a Singapore-based startup that allows users to simulate trading stocks based on real-time data from international markets.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/31/2010 via Company Description

Shanghai Great Wisdom Co., Ltd., acquired AASTOCKS.com Ltd.

synopsis: Shanghai Great Wisdom Co. has acquired AASTOCKS.com Ltd. AASTOCKS.com Ltd. provides financial information products and services to corporate clients and individual investors in the Asia Pacific regions.
buyer: Shanghai Great Wisdom Co., Ltd. (601519.SS:$92.77)
Shanghai Great Wisdom Co., Ltd. engages in the development, production, sale, and support of information technology products to financial sector. It offers software that provides services in the areas of financial database, real-time quotes transmission, etc. "
target: AASTOCKS.com Ltd.
AASTOCKS.com Ltd. provides financial information products and services to corporate clients and individual investors in the Asia Pacific regions. Its information products cover equities, derivatives, global foreign exchange, and precious metals markets.
price ($mm)
$29
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/13/2011 via GlobeNewswire

TradeStation Securities, Inc. merged with Monex Group, Inc.,

synopsis: Monex Group, Inc., an online securities brokerage, and TradeStation Group, Inc., an electronic trading platform that offers state-of-the-art electronic order placement and execution, have announced the successful completion of Monex's acquisition of TradeStation.
buyer: Monex Group, Inc.
Monex Group, Inc., including its main subsidiary Monex Inc., an online securities brokerage, provides advanced and unique financial services to individual investors. Monex relentlessly strives to offer its customers in Japan innovative products and services. "
target: TradeStation Securities, Inc.
TradeStation Group, Inc., through its brokerage subsidiaries, offers the TradeStation platform to the active trader and certain institutional trader markets. TradeStation is an electronic trading platform that offers state-of-the-art electronic order placement and execution.
price ($mm)
$391
rev ($mm)
$129
EBITDA ($mm)
EV / rev
3.1x
EV / EBITDA
closed 11/19/2014 via Company Press Release

OptionsCity Software, Inc., acquired Optionshop, LLC

synopsis: OptionsCity Software, a global provider of electronic trading solutions for professional futures and options traders, announced the acquisition of Optionshop, a futures-options trading technology company that provides a set of cloud-based APIs to allow businesses to access market data and utilize account management and risk controls.
buyer: OptionsCity Software, Inc.
OptionsCity Software powers the trading, risk management and analytics needs of professional futures and options traders, market-makers and financial institutions worldwide. OptionsCity’s diverse suite of powerful tools includes Metro, its flagship electronic trading and market-making platform. "
target: Optionshop, LLC
Optionshop is dedicated to bringing the best experience of equity options trading platforms to the world of futures options. They offer all GLOBEX products and give individual investors the ability to directly participate in commodity markets without high fees.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/11/2020 via BNC Analysis

Solventis, acquired Qbitia

synopsis: Solventis, an independent financial group in Spain, has acquired an 80% stake in Qbitia, a Spain-based IT company focused on developing software for capital markets. Qbitia's trading platform allows users to quickly design trading strategies and test them in a realistic environment.
buyer: Solventis
Solventis is an independent financial group in Spain. Solventis provides corporate finance, financial consulting, asset management, and real estate services. The group's corporate finance service focuses on M&A, capital markets, corporate services, and venture capital. "
target: Qbitia
Qbitia is a Spain-based IT company focused on developing software for capital markets. Qbitia provides software solutions that can simplify and improve investment management. Their Qcaid trading platform allows users to quickly design trading strategies and test them in a realistic environment.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/3/2018 via GlobeNewswire

Altus Group Limited, acquired Taliance Group

synopsis: Altus Group Limited, a leading provider of commercial real estate services, software and data solutions to the global commercial real estate industry, has acquired Taliance Group. Taliance is a best-in-class and rapidly-growing provider of cloud-based alternative investment software used by some of the largest investment firms worldwide.
buyer: Altus Group Limited (TSX:AIF:$469.28)
Based in Canada, Altus Group is the leading provider of independent advisory services, software, and data solutions to the global commercial real estate industry. CRE professionals world-wide have trusted Altus Group to better manage risk, inform decision making, and drive investment performance. "
target: Taliance Group
Based in France, Taliance Group provides cloud-based collaborative business solutions to alternative investment firms globally allowing them to improve their modelling, forecasting and risk management processes in real time.
price ($mm)
$23
rev ($mm)
$5
EBITDA ($mm)
EV / rev
4.3x
EV / EBITDA
announced 5/2/2018 via BNC Analysis

CVC Capital Partners, will acquire OANDA Corporation

synopsis: CVC Capital Partners (CVC) will acquire all of the outstanding equity of OANDA. OANDA® is a global online retail trading platform, currency data and analytics company. OANDA's award-winning technology enables clients to trade currencies, equity indices, commodities, treasuries and precious metals.
buyer: CVC Capital Partners
CVC Capital Partners is a leading private equity and investment advisory firm. Founded in 1981, CVC today has a network of 23 offices and approximately 450 employees throughout Asia, Europe and the U.S. "
target: OANDA Corporation
OANDA® is a global online retail trading platform, currency data and analytics company. OANDA's award-winning technology and institutional-grade execution across a wide range of asset classes, enables clients to trade currencies, equity indices, commodities, treasuries and precious metals.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/6/2012 via PR Newswire

GAIN Capital Holdings, Inc., acquired Open E Cry, LLC

synopsis: GAIN Capital Holdings, Inc. has completed its previously announced purchase of Open E Cry, LLC, an online futures broker, from optionsXpress Holdings, Inc. a subsidiary of The Charles Schwab Corporation. OEC offers direct market access to global exchanges through its proprietary software platform, OEC Trader.
buyer: GAIN Capital Holdings, Inc. (GCAP:$213.30)
GAIN Capital Holdings is a global provider of online trading services. Its innovative trading technology provides market access and highly automated trade execution services across multiple asset classes, including foreign exchange, contracts for difference (CFDs) and exchange-based products. "
target parent: The Charles Schwab Corporation
target: Open E Cry, LLC
Open E Cry, based in Powell, OH, is an innovative futures broker offering direct access futures trading through its proprietary software platform, OEC Trader. In addition to futures, OEC clients can also trade forex, options and equities all through the OEC Trader platform.
price ($mm)
$9.50
rev ($mm)
$14
EBITDA ($mm)
EV / rev
0.7x
EV / EBITDA
closed 3/26/2010 via PR Newswire

Polaris Software Lab Ltd., acquired IndigoTX Software Private Limited

synopsis: Polaris Software Lab Limited, a leading Financial Technology Company announced the acquisition of IndigoTX, a SaaS (Software as a service) Company that provides GO TX, an enterprise brokerage solution for the securities market on a pay per use model.
buyer: Polaris Software Lab Ltd. (BSE:532254:$296.85)
Polaris Software Lab is a leading Financial Technology company, with its comprehensive portfolio of products, services and consulting. Polaris has a talent strength of over 9,000 solution architects, domain and technology experts. "
target: IndigoTX Software Private Limited
IndigoTX Software is a software and back-office services company with a financial services focus. Its platform GO TX, designed and developed to be deployed by banks and other financial intermediaries, will facilitate investment and trading in many instruments, in multiple markets and currencies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/19/2014 via PR Newswire

Born To Sell, LLC, acquired CoveredCallCalculator.net

synopsis: Born To Sell, LLC, which operates the most popular covered call web site for investors, announced it has acquired CoveredCallCalculator.net, an Excel-based covered call calculator. Since 2007, CoveredCallCalculator.net offered an Excel spreadsheet to help investors analyze covered call investments.
buyer: Born To Sell, LLC
Born To Sell, LLC provides a subscription service to covered call investors. The company offers tools for various options trading levels. It also provides covered calls that have earnings releases or ex-dividend dates before expiration. "
target: CoveredCallCalculator.net
CoveredCallCalculator.net offers an excel-based covered call calculator for investors to analyze covered call investments. The company is based in California.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/10/2007 via BusinessWire

Prosoft Engineering, purchased “BlueChip” stock tracking software from Eyenovation Multimedia LLC

synopsis: Prosoft Engineering, Inc. has agreed to acquire Eyenovation Multimedia LLC’s “BlueChip” stock tracking software for the purpose of consolidating the user base into Prosoft’s soon to debut application, “Stox.”
buyer: Prosoft Engineering
Established in 1985, Prosoft Engineering, Inc. specializes in creating professional quality software designed to be easily used by both novice and expert users. Prosoft started out as an engineering services company doing contract development work for Apple and most key Mac OS developers. "
seller: Eyenovation Multimedia LLC
Eyenovation Multimedia, LLC, a multimedia agency, provides graphic design and multimedia development services in southern California. It offers Web development services, print design, including identity development and multi-page documents, media solutions, and Web hosting services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/23/2017 via GlobeNewswire

Nasdaq, Inc., acquired eVestment Alliance, LLC

synopsis: Nasdaq, a leading global provider of trading, clearing, exchange technology, listing, information and public company services, has completed the acquisition of eVestment, an industry leading content and analytics provider used by asset managers, investment consultants and asset owners to help facilitate institutional investment decisions.
buyer: Nasdaq, Inc. (NasdaqGS:NDAQ:$5,926.00)
Nasdaq is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence. "
target: eVestment Alliance, LLC
eVestment provides a flexible suite of easy-to-use, cloud-based solutions to help the institutional investing community identify and capitalize on global investment trends, better select and monitor investment managers and more successfully enable asset managers to market their funds worldwide.
price ($mm)
$705
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/24/2017 via BNC Analysis

MergerMarket Group, acquired TIM Group

synopsis: Mergermarket Group, a BC Partners portfolio company, announced that it has acquired TIM Group. Established in 2002 and headquartered in London, TIM Group specialises in the electronic delivery of equity trade ideas and investment recommendations through its independent distribution platform.
buyer parent: BC Partners
buyer: MergerMarket Group
Mergermarket Group is a global media company providing investment banks, advisory professionals, fund managers, private equity firms, industry and corporate professionals with forward-looking intelligence, analysis and data. "
target: TIM Group
TIM Group connects financial industry professionals with its proprietary network and technology, revolutionizing how investment advice is distributed, analysed and monetized. TIM Group network analyses and measures trade idea performance, facilitating compliance in line with MiFID II requirements.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/4/2016 via BNC Analysis

Simply Wall St, acquired Capp.io

synopsis: Sydney fintech startup Simply Wall St has announced its first acquisition, picking up Atlanta, Georgia startup Capp.io. Like its Australian counterpart, Capp.io looks to make research around investment easy for the self-directed retail investor.
buyer: Simply Wall St
Simply Wall St is a Sydney based startup that helps people become better investors by turning complicated financial data into easy to understand infographics. Their goal is to empower retail investors to make profitable non-emotional long term investment decisions. "
target: Capp.io
Capp.io is a simple stock research tool to help validate ideas for millennial investors. Lead growth, user experience and product feedback.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/22/2009 via Market Wire

Pipeline Trading Systems LLC, acquired 3D Markets, Inc.

synopsis: Pipeline Financial Group, Inc., a global leader in block execution systems, announced that it has acquired the assets of 3D Markets, Inc., including the Archangel Blind-Bid Cross™. Archangel™ established the first block options execution system.
buyer: Pipeline Trading Systems LLC
Pipeline Trading Systems LLC is a broker/dealer and operator of Pipeline, an alternative trading system. Pipeline enables institutions and brokerage firms to trade blocks of NYSE, AMEX, and NASDAQ listed issues; ADRs; and exchange traded funds, as well as facilitates interaction between traders. "
target: 3D Markets, Inc.
3D Markets, Inc. creates and develops software and networks to provide innovative solutions aimed at assisting institutional investors by adding liquidity to existing options markets.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/27/2005 via BusinessWire

INVESTools, Inc., acquired Prophet Financial Systems, Inc.

synopsis: INVESTools Inc., the market leader in fulfilling the lifelong education needs of self-directed investors, announced the acquisition of Prophet.Net and Prophet Financial Systems, a software development company located in Palo Alto, CA that creates Web-based products enabling active investors to use technical analysis to trade more profitably.
buyer: INVESTools, Inc. (:$170.33)
INVESTools Inc. is a global leader in investor education. The Company offers a full range of investor education products and services that provide lifelong learning in a variety of delivery formats. "
target: Prophet Financial Systems, Inc.
Prophet Financial Systems provides financial content and innovative web-based software applications to help online investors make more profitable trading decisions. The company provides products and services with capabilities that were once available exclusively to professional traders and institut
price ($mm)
$7.90
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/21/2017 via BusinessWire

Sterling Trading Tech, will purchase Livevol X Trading Platform from CBOE Livevol, LLC

synopsis: CBOE Holdings, Inc. announced it has agreed to sell Livevol X, a trade execution platform for U.S. equities and options, from CBOE Livevol, a subsidiary of CBOE Holdings, Inc. to Sterling Trading Tech. Sterling Trading Tech is a leading provider of technology solutions for the global equities, equity options and futures markets.
buyer: Sterling Trading Tech
Sterling Trading Tech is an industry-leading professional direct access trading platform and global trading network. They offer a full service order routing and management suite built to support the direct trading needs of professional traders, broker/dealers, and buy-side trading institutions. "
seller parent: CBOE Holdings, Inc.
seller: CBOE Livevol, LLC
Livevol X supports complex orders and algos, in addition to supporting advanced risk analysis for portfolios including what-if analysis. Top features include the ability to trade volatility skews directly from a skew chart, advanced order entry, 3D risk modeling, and volatility modeling features.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/6/2013 via Reuters

Thomson Reuters, acquired Pricing Partners SAS

synopsis: Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, announced that it has acquired Pricing Partners SAS, an international software developer and provider of OTC (over-the-counter) derivative pricing analytics and services for financial firms.
buyer: Thomson Reuters (TRI:$5,921.00)
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. It combines industry expertise with innovative technology to deliver critical information to leading decision makers. "
target: Pricing Partners SAS
Pricing Partners provides a comprehensive set of service solutions to address the full range of customers' and partners' needs, accompanying them every step of the way and helping them take advantage of Price-it capabilities.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/8/2016 via Company Press Release

LineData Services, acquired Derivation Software

synopsis: Linedata, the global solutions provider dedicated to the investment management, insurance and credit industries, completed the acquisition of Derivation, a leading specialist provider of risk, analytics, and portfolio management solutions to institutional and hedge fund managers.
buyer: LineData Services (ENXTPA:LIN:$197.04)
Linedata is a global solutions provider dedicated to the investment management and credit community. Linedata applies its market and client insight to provide innovative and flexible mission-critical software and services that help its clients grow in over 50 countries. "
target: Derivation Software
Derivation provides market-leading integrated accounting, trading and risk management solutions. Derivation was established in 1996, its founders having spent the previous 10 years developing derivative trading & risk management systems at ABN AMRO and NatWest Markets.
price ($mm)
rev ($mm)
$3
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 8/21/2012 via BNC Analysis

Wave Accounting, acquired Vuru Inc.

synopsis: Wave Accounting, the innovators of award-winning small business software, announced the acquisition of Vuru.co, an online stock research and investment tracking application.
buyer: Wave Accounting
Based in Toronto, Canada, Wave Accounting provides integrated online applications that help small business owners around the world run their businesses. "
target: Vuru Inc.
Vuru is a website that makes sense of financial reports for self-directed investors. It's an automated analysis engine that does thousands of hours of stock analysis in seconds. It distills complex financial statements into clear, transparent reports that show investors the fundamentals that matter.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/1/2019 via GlobeNewswire

H & R Block, Inc., acquired Wave Financials Inc.

synopsis: H&R Block, Inc. has acquired Canda-based Wave HQ Inc., a rapidly growing financial solutions platform focused on changing the way small business owners manage their finances. Wave provides accounting, invoicing, payroll, and payments software solutions, as well as bookkeeping services, built into a comprehensive platform.
buyer: H & R Block, Inc. (HRB:$3,094.88)
H&R Block, Inc. is a global consumer tax services provider. Tax return preparation services are provided by professional tax preparers in company-owned and franchise retail tax offices, and through H&R Block tax software products. H&R Block also offers adjacent Tax Plus products and services. "
target: Wave Financials Inc.
Canada-based Wave Financial Inc. provides software solutions and related services designed to help small business owners manage their finances. Wave provides accounting, invoicing, payroll, and payments software solutions, as well as bookkeeping services, built into a comprehensive platform.
price ($mm)
$405
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/6/2019 via Company Press Release

Wave Financials Inc., acquired Every Inc.

synopsis: Wave Financial, delivering innovative financial services and software has announced it has acquired Every. Every is a fintech company that develops and markets application that manages banking function for micro businesses. The application helps users open bank accounts and allow users to pay bills and transfer money.
buyer: Wave Financials Inc.
Wave Financial delivers innovative financial services and award-winning free software to small businesses around the world. Their suite of products include accounting, invoicing, payroll, payments and receipts. They also offer accounting coaching and bookkeeping services. "
target: Every Inc.
Every is a Toronto-based fintech company that develops and markets application that manages banking function for micro business. The application helps users in opening bank accounts and allows users to pay bills and transfer money through the applications dashboard.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/21/2012 via BNC Analysis

Wave Accounting, acquired Vuru Inc.

synopsis: Wave Accounting, the innovators of award-winning small business software, announced the acquisition of Vuru.co, an online stock research and investment tracking application.
buyer: Wave Accounting
Based in Toronto, Canada, Wave Accounting provides integrated online applications that help small business owners around the world run their businesses. "
target: Vuru Inc.
Vuru is a website that makes sense of financial reports for self-directed investors. It's an automated analysis engine that does thousands of hours of stock analysis in seconds. It distills complex financial statements into clear, transparent reports that show investors the fundamentals that matter.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/14/2021 via BNC Analysis

Infoniqa, purchased Swiss Business from The Sage Group plc.

synopsis: The Infoniqa Group, a specialist for HR software and services, has acquired the Swiss arm of Sage, Sage Schweiz AG. Sage is a global market leader for technology that helps businesses of all sizes manage everything from money to people.
buyer parent: Elvaston Capital Management GmbH
buyer: Infoniqa
As a specialist for HR software and services, Infoniqa provides solutions for human resources management, personnel accounting, time management and outsourcing. "
seller: The Sage Group plc. (LSE:SGE:$2,653.04)
Sage is a global market leader for technology that helps businesses of all sizes manage everything from money to people. They accomplish this via Sage Business Cloud, a business management solution comprising Accounting, Sage Intacct, Enterprise Management, People & Payroll, and Payments & Banking.
price ($mm)
$54
rev ($mm)
$32
EBITDA ($mm)
EV / rev
1.7x
EV / EBITDA
closed 3/31/2021 via Company Press Release

The Sage Group plc., acquired TaskSheriff Ltd.

synopsis: Sage, the market leader for cloud business management solutions, has acquired Task Sheriff, an AI-based SaaS technology start-up based in Tel Aviv, Israel. Task Sheriff automates the accounting process for small business and bookkeepers by using AI and machine learning to accurately capture and integrate key data from financial documents.
buyer: The Sage Group plc. (LSE:SGE:$2,653.04)
Sage is a global market leader for technology that helps businesses of all sizes manage everything from money to people. They accomplish this via Sage Business Cloud, a business management solution comprising Accounting, Sage Intacct, Enterprise Management, People & Payroll, and Payments & Banking. "
target: TaskSheriff Ltd.
Task Sheriff is an AI-based SaaS technology start-up based in Tel Aviv, Israel. Task Sheriff automates the accounting process for small business and bookkeepers by using AI and machine learning to accurately capture and integrate key data from financial documents.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/29/2021 via BusinessWire

FleetCor Technologies, Inc., acquired Roger.ai, Inc.

synopsis: FLEETCOR Technologies, Inc., a leading global business payments company, announced it has acquired Roger, a global accounts payable (AP) cloud software platform for small businesses.
buyer: FleetCor Technologies, Inc. (FLT:$2,470.40)
FLEETCOR Technologies is a leading global provider of commercial payment solutions. The Company helps businesses of all sizes better control, simplify and secure payment of their fuel, toll, lodging and general payables. "
target: Roger.ai, Inc.
Roger is an accounts payable automation platform for small-and-medium-sized businesses. Automated B2B payments, expense management and automated accounting come together in one effortless platform, helping their customers take manual work out of their day-to-day workflow.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/23/2020 via Company Press Release

Access Group, will purchase Asia and Australia Business from The Sage Group plc.

synopsis: Sage has entered into an agreement for the sale of its businesses in Asia and Australia (excluding global products) with The Access Group. Sage is a global market leader for technology that helps businesses of all sizes manage everything from money to people.
buyer parent: TA Associates
buyer: Access Group
Access is a leading provider of business software to the UK mid-market. Their portfolio of solutions includes ERP, finance, HR, Payroll, recruitment, warehousing, business intelligence, professional service automation, manufacturing, and more. "
seller: The Sage Group plc. (LSE:SGE:$2,653.04)
Sage is a global market leader for technology that helps businesses of all sizes manage everything from money to people. They accomplish this via Sage Business Cloud, a business management solution comprising Accounting, Sage Intacct, Enterprise Management, People & Payroll, and Payments & Banking.
price ($mm)
$128
rev ($mm)
$65
EBITDA ($mm)
EV / rev
2.0x
EV / EBITDA
closed 5/13/2020 via Company Press Release

Dylog Italia Spa, acquired StudioBoost Srl

synopsis: Dylog Italia Spa, an Italian developer of management software solutions and services, has acquired the Bolognese startup StudioBoost, a company active in the design and creation of smart and innovative solutions for the management of small and medium-sized enterprises, commercial businesses, and professionals.
buyer: Dylog Italia Spa
Italy-based Dylog engineers, develops, and markets management software solutions and services for businesses and professionals across various sectors. Innovation, research, and attention to quality have led Dylog to be one of the national leaders in the Information Technology sector. "
target: StudioBoost Srl
StudioBoost is an Italian software house engaged in the development of native cloud software. Through RPA (Robotic Process Automation) techniques, StudioBoost's software can automate and simplify accounting and financial management for any small business owner.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/27/2019 via Company Press Release

Intuit, Inc., acquired ChronoBooks

synopsis: Intuit® is taking the next step in making QuickBooks® Online the premier solution for small- and mid-size businesses (SMBs) by acquiring ChronoBooks, a cloud-based solution that accountants and SMBs rely on to view and restore historical QuickBooks Online activity.
buyer: Intuit, Inc. (INTU:$7,837.00)
Intuit Inc. creates business and financial management solutions that simplify the business of life for small businesses, consumers and accounting professionals. Its flagship products and services include QuickBooks®, which make it easier to manage small businesses and tax preparation and filing. "
target: ChronoBooks
ChronoBooks is a cloud-based solution that accountants and SMBs rely on to view and restore historical QuickBooks Online activity.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/6/2019 via Company Press Release

Access Group, acquired Attaché

synopsis: The Access Group, the UK-based leading provider of software to growing mid-market businesses, announced the acquisition of Attaché, an Australian-based Financial Management and Payroll software supplier with over 30 years’ experience providing software to Australasian mid-market businesses.
buyer parent: TA Associates
buyer: Access Group
Access is a leading provider of business software to the UK mid-market. Their portfolio of solutions includes ERP, finance, HR, Payroll, recruitment, warehousing, business intelligence, professional service automation, manufacturing, and more. "
target: Attaché
Attaché is an Australian-based Financial Management and Payroll software supplier with over 30 years’ experience providing software to Australasian mid-market businesses.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/28/2019 via BNC Analysis

Ageras A/S, acquired Billy ApS

synopsis: Billy, a Danish company that offers user-friendly accounting software for entrepreneurs, craftsmen and freelancers, has been acquired by Danish Ageras, which operates Europe's largest platform to match accountants and lawyers with companies.
buyer parent: Investcorp
buyer: Ageras A/S
Headquartered in Denmark, Ageras aims to improve transparency within the financial sector and to make it easier for clients to choose the right financial specialist. Their network includes thousands of skilled partners, who are always ready and willing to provide clients with a quote. "
target: Billy ApS
Headquartered in Denmark, Billy offers user-friendly accounting software for entrepreneurs, craftsmen and freelancers. The SaaS company offers an own-developed software platform allowing integration to over 75 essential transaction, salary and web shop specific business applications.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/24/2019 via Company Press Release

Lendio, acquired Billy

synopsis: Lendio, the nation’s leading marketplace for small business loans, announced the acquisition of Billy, a billing and expense tracking solution that gives small business owners real-time insight into their business finances, allowing for more streamlined accounting, invoicing, reporting and access to capital. Billy is being re-branded as Sunrise.
buyer: Lendio
Lendio is a free online service that helps business owners find the right small business loans within minutes. Bringing all options together in one place, from short-term specialty financing to long-term, low-interest traditional loans, their technology makes small business lending simple. "
target: Billy
Billy is a cloud-based small business accounting platform. A billing and expense tracking solution, Billy gives solopreneurs and small business owners real-time insight into their business finances, allowing for more streamlined accounting, invoicing, reporting and access to capital.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/1/2019 via GlobeNewswire

H & R Block, Inc., acquired Wave Financials Inc.

synopsis: H&R Block, Inc. has acquired Canda-based Wave HQ Inc., a rapidly growing financial solutions platform focused on changing the way small business owners manage their finances. Wave provides accounting, invoicing, payroll, and payments software solutions, as well as bookkeeping services, built into a comprehensive platform.
buyer: H & R Block, Inc. (HRB:$3,094.88)
H&R Block, Inc. is a global consumer tax services provider. Tax return preparation services are provided by professional tax preparers in company-owned and franchise retail tax offices, and through H&R Block tax software products. H&R Block also offers adjacent Tax Plus products and services. "
target: Wave Financials Inc.
Canada-based Wave Financial Inc. provides software solutions and related services designed to help small business owners manage their finances. Wave provides accounting, invoicing, payroll, and payments software solutions, as well as bookkeeping services, built into a comprehensive platform.
price ($mm)
$405
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/26/2018 via Company Press Release

Visma ASA, acquired Merit Tarkvara AS

synopsis: Visma expands its geographic footprint and strengthens its Northern European leadership in cloud-based ERP for accountants and the SMB segment with the acquisition of Estonia based Merit Tarkvara. Merit Tarkvara was founded 27 years ago, based on accounting, payroll and stock managing software.
buyer: Visma ASA
Based in Norway, Visma makes businesses more efficient, through offerings of software, commerce solutions, retail IT-solutions, and IT-related projects and consulting. Visma simplifies and digitalizes core business processes within the private and public sector. "
target: Merit Tarkvara AS
Merit Tarkvara was founded 27 years ago, based on accounting, payroll and stock managing software, with the key products Merit Aktiva and Merit Palk as effective and accessible cloud-based tools for both accountants and small business owners. Merit Tarkvara is headquartered in Estonia.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/6/2018 via Company Press Release

Cegid SA, acquired Loop Software SAS

synopsis: Cegid, a major player in management solutions for professionals in Accounting, Finance and Tax, Payroll and Human Resources and Retail, announces the acquisition of the Loop Software (Loop). Loop is a web-based software publisher dedicated to accounting experts and SMEs.
buyer: Cegid SA
A leader in digital transformation, Cegid offers management systems and cloud services to help customers improve their performance. Cegid group offers a wide range of solutions for financial management, taxation and human resources, as well as business applications. "
target parent: KPMG International
target: Loop Software SAS
Loop is a web-based software publisher dedicated to accounting experts and SMEs. The company was born in 2012 from the meeting of accounting professionals and specialists in web technologies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/6/2018 via BNC Analysis

die Mobiliar, acquired bexio AG

synopsis: bexio, part of the RedAlpine fund, has been acquired by die Mobiliar, the oldest private insurance company in Switzerland. bexio provides SMBs with customer management, order processing, easy bookkeeping and integrated E-Banking.
buyer: die Mobiliar
die Mobiliar is the oldest private insurance company in Switzerland. The company has over 80 agencies throughout Switzerland and offers their services 24 hours a day, 365 days a year. They offer home insurance, building insurance, auto insurance, life insurance, business insurance, and more. "
target parent: RedAlpine
target: bexio AG
Based in Switzerland, bexio offers cloud-based business and accounting software solutions to manage their customers, write quotes and invoices, and more. It develops and sells accounting software for small and medium companies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/18/2018 via BNC Analysis

Nubox S.A., acquired Colppy

synopsis: Nubox, a Chilean provider of a cloud-based, next-generation accounting and payroll platform for small businesses, has acquired Colppy, a company in Argentina that offers an online accounting and management system for small businesses. Colppy's platform can automatically calculate taxes, generate reports, send invoices online, and more.
buyer: Nubox S.A.
Nubox is a Chilean provider of a cloud-based, next-generation accounting and payroll platform for small businesses in Latin America. Their easy-to-use products allows small businesses to effortlessly manage their accounting, send invoices electronically, pay employees, track cash-flow, and more. "
target: Colppy
Colppy is a company in Argentina that offers an online accounting and management system for small businesses. Colppy allows businesses to manage their accounting from any computer or mobile device. The platform can automatically calculate taxes, generate reports, send invoices online, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/28/2018 via BNC Analysis

The Royal Bank of Scotland, will acquire FreeAgent Inc.

synopsis: The Royal Bank of Scotland (RBS) has agreed to buy FreeAgent, a software provider for UK micro-businesses and their accountants. Trusted by over 60,000 businesses, FreeAgent's online accounting software brings everything together, from invoice and expense management to project management and sales tax.
buyer: The Royal Bank of Scotland (LSE:RBS:$17,860.82)
The Royal Bank of Scotland Group (RBS) provides financial products and services to personal and business customers throughout the UK and beyond. RBS serves around 18.9 million customers across the globe, and RBS aims to consistently meet their needs wherever they are. "
target: FreeAgent Inc. (:$12.68)
FreeAgent provides online accounting software made specifically for freelancers, small business owners and their accountants. Trusted by over 60,000 businesses, FreeAgent's online accounting software brings everything together, from invoice and expense management to project management and sales tax.
price ($mm)[EV]
$69 [$64]
rev ($mm)
$13
EBITDA ($mm)
EV / rev
5.2x
EV / EBITDA
closed 6/23/2016 via BNC Analysis

TeamSystem SpA, acquired e-conomic International

synopsis: Hellman & Friedman-backed TeamSystem has wholly acquired Danish cloud accounting business E-conomic International. Founded in 2001 and headquartered in Copenhagen, E-conomic develops software focusing on accounting services for SMEs. The acquisition is part of TeamSystem's M&A strategy, expanding its product offering to cloud-based marketplaces.
buyer parent: Hellman & Friedman LLC
buyer: TeamSystem SpA
TeamSystem is the largest provider of accounting, payroll, and business management software for accountants and small and medium-sized enterprises in Italy. The Company offers a broad range of mission-critical, on-premise and cloud solutions to a diversified base of its customers. "
target parent: Visma ASA
target: e-conomic International
Founded in 2001 and headquartered in Copenhagen, E-conomic develops a software focusing on accounting services for SMEs. The company claims 2,500 clients across southern Europe, England and Germany, and currently employs 15 people.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/14/2016 via Company Press Release

Visma ASA, will acquire Fortnox AB

synopsis: Visma AS, a leading provider of business software, outsourcing services and services for accounting and administration in the Nordics, announced a recommended public cash offer to the shareholders of Fortnox AB to tender all their shares in Fortnox to Visma. Fortnox provides accounting and financial systems for small and medium-sized companies.
buyer: Visma ASA
Visma is the leading provider of business software and services for accounting and administration. Visma is known for developing leading software solutions and high-quality services for satisfied customers in combination with financial strength and solid growth. "
target: Fortnox AB (:$82.31)
With approximately 115,000 customers, Fortnox is a leading provider of accounting and financial systems for small and medium-sized companies, associations, schools and accounting firms. Fortnox offers a full range of programs including accounting, billing, sales support, time tracking and payroll.
price ($mm)[EV]
$168 [$163]
rev ($mm)
$17
EBITDA ($mm)
$4
EV / rev
9.4x
EV / EBITDA
46.1x
closed 3/31/2016 via BusinessWire

H.I.G. Capital, acquired Quicken Investment Services, Inc.

synopsis: Quicken, the leading personal finance software that empowers consumers to easily manage their finances, announces that H.I.G. Capital, a leading global investment firm, has completed its acquisition of the company. Quicken, a top personal money management software, has been the trusted financial solution for millions of consumers.
buyer: H.I.G. Capital
H.I.G. Capital is a leading global private equity and alternative assets investment firm with more than $19 billion of equity capital under management. H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies. "
target parent: Intuit, Inc.
target: Quicken Investment Services, Inc.
Quicken Investment Services, Inc. provides software and services to manage personal and small business finances. The company offers personal finance products, such as Quicken Online to control personal finances and Quicken Deluxe to get a snapshot of monthly spending.
price ($mm)
rev ($mm)
$51
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 10/8/2014 via BNC Analysis

e-conomic International, acquired SpeedLedger AB

synopsis: e-conomic International, backed by private equity investor HgCapital, announced that its holding company has acquired a majority stake in Gothenburg-based SaaS accounting firm, SpeedLedger, a Swedish leader in web-based accounting for micro businesses and the second largest company in Sweden’s web-based accounting sector.
buyer: e-conomic International
e-conomic International A/S is one of Europe’s leading Software as a Service (‘SaaS’) accounting and SME solution providers. e-conomic online accounting software is easy to use and specially developed for small and medium-sized companies. "
target: SpeedLedger AB
SpeedLedger is a Swedish leader in web-based accounting for micro businesses and the second largest company in Sweden’s web-based accounting sector. The company has 55 employees and a customer base of more than 25,000 companies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/18/2013 via Company Press Release

Stratatel Limited, will acquire JCurve Solutions

synopsis: Stratatel Limited, an Australian software company providing cloud-based telecommunications expense management solutions to businesses internationally, is pleased to announce it has signed a Heads of Agreement to acquire the software design and promotion business of JCurve Solutions, a leading cloud-based accounting and ERP software provider.
buyer: Stratatel Limited
Stratatel Limited provides specialised and innovative business-to-business software solutions and services. Founded in 1997, Stratatel developed its flagship business software solution FleetManager to enable organisations to monitor and manage their telecommunications. "
target: JCurve Solutions (ASX:JCS:$8.13)
JCurve are one of the only providers of a fully featured, fully integrated system specifically tailored to the needs of small businesses in the Australia and New Zealand region. Its software is delivered in the ‘Cloud’ and is steadily increasing its market share in Australia and New Zealand.
price ($mm)
$3.27
rev ($mm)
$1
EBITDA ($mm)
EV / rev
3.1x
EV / EBITDA

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Geography
Matching Companies
Ticker: OTCPK:APTY
 
 
 
 
 
 
 
 
APT Systems, Inc.
APT is an acronym for Applied Proprietary Trading. The Management of APT Systems, Inc. works to deliver stock trading tools with a focus on handheld devices.
year
2018
rev ($mm)
$0.01
EBITDA ($mm)
($1.69)
EBIT ($mm)
($1.72)
Net Income ($mm)
Employees
  • drill down
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Ticker: BLK
 
 
 
 
 
 
 
 
BlackRock, Inc.
BlackRock, Inc.
BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. They help clients around the world meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares®, and more.
year
2019
rev ($mm)
$13,880.00
EBITDA ($mm)
$5,602.00
EBIT ($mm)
$5,300.00
Net Income ($mm)
$4,199.00
Employees
0
  • drill down
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Ticker: MKTX
 
 
 
 
 
 
 
 
MarketAxess Holdings, Inc.
MarketAxess Holdings, Inc.
MarketAxess operates a leading, institutional electronic trading platform delivering expanded liquidity opportunities, improved execution quality and significant cost savings across global fixed-income markets.
year
2020
rev ($mm)
$615.14
EBITDA ($mm)
$350.02
EBIT ($mm)
$321.32
Net Income ($mm)
$262.94
Employees
527
  • drill down
  • watch
Ticker:
 
 
 
 
 
 
 
 
Infront AS
Infront provides electronic trading solutions and real-time market data, news, and analytics covering financial key markets in all asset classes. Infront’s terminal, mobile apps and versatile electronic trading solutions connect professional users to their local and international markets.
year
2021
rev ($mm)
$142.28
EBITDA ($mm)
$20.65
EBIT ($mm)
$10.45
Net Income ($mm)
Employees
483
  • drill down
  • watch
Ticker: INIX.PK
 
 
 
 
 
 
 
 
iFinix Corporation
iFinix Corporation
Ifinix is a leading global provider of financial and business information to professionals and active individual investors. Building on a 20-year legacy of delivering time-sensitive financial information, Ifinix provides streaming, real-time market data, news and analytics.
year
2011
rev ($mm)
$0.54
EBITDA ($mm)
($0.26)
EBIT ($mm)
($0.27)
Net Income ($mm)
Employees
  • drill down
  • watch
Ticker: GB:FFA.GB
 
 
 
 
 
 
 
 
FFastFill plc
FFastFill plc
FFastFill is the leading provider of Software as a Service to the global derivatives community, using the latest developments in technology to automate trade flow processes across a firm's front, middle and back offices.
year
2011
rev ($mm)
$24.91
EBITDA ($mm)
$6.69
EBIT ($mm)
$3.39
Net Income ($mm)
$2.90
Employees
  • drill down
  • watch
Ticker: FXIT
 
 
 
 
 
 
 
 
Forex International Trading Corp.
Forex International Trading Corp.
Forex International Trading develops the next generation of Forex trading platforms. 4XINT Trader is an advanced online trading platform for the Forex market.
year
2011
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
  • drill down
  • watch
Ticker: AIM:BRY
 
 
 
 
 
 
 
 
Brady plc
Brady plc
Brady plc is the leading provider of software solutions for global commodity trading. They offer a choice of trading and risk management applications designed to enable producers, financial organisations and trading companies to manage their commodity transactions in an integrated solution.
year
2017
rev ($mm)
$39.97
EBITDA ($mm)
($2.65)
EBIT ($mm)
($3.47)
Net Income ($mm)
Employees
253
  • drill down
  • watch
Ticker: ASX:REV
 
 
 
 
 
 
 
 
Real Estate Investar
Real Estate Investar
Real Estate Investar is an Australian provider of products and services for property investors. Real Estate Investar helps people to find, analyse and track investment properties. Their platform provides users with all the tools, data and information they need to invest in property successfully.
year
2019
rev ($mm)
$0.59
EBITDA ($mm)
($0.38)
EBIT ($mm)
($0.63)
Net Income ($mm)
Employees
0
  • drill down
  • watch
Ticker: MORN
 
 
 
 
 
 
 
 
Morningstar, Inc.
Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, and institutions.
year
2020
rev ($mm)
$1,244.10
EBITDA ($mm)
$251.90
EBIT ($mm)
$184.60
Net Income ($mm)
$142.70
Employees
6896
  • drill down
  • watch
Ticker: LSE:SGE
 
 
 
 
 
 
 
 
The Sage Group plc.
The Sage Group plc.
Sage is the market and technology leader for integrated accounting, payroll and payment systems, supporting the ambition of entrepreneurs and business builders. Sage helps drive business builders with the most intelligent and flexible cloud-enabled software, support and advice to manage everything.
year
2020
rev ($mm)
$2,653.04
EBITDA ($mm)
$773.75
EBIT ($mm)
$723.56
Net Income ($mm)
$432.18
Employees
11647
  • drill down
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Ticker: ASX:XRO
 
 
 
 
 
 
 
 
Xero Limited
Xero Limited
Xero provides online accounting software and services for small to medium sized businesses. Its accounting system has a cashbook, automated daily bank feeds, invoicing, debtors, creditors, sales tax and reporting.
year
2020
rev ($mm)
$564.63
EBITDA ($mm)
$65.72
EBIT ($mm)
$55.99
Net Income ($mm)
$26.10
Employees
3220
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Ticker: ASX:RKN
 
 
 
 
 
 
 
 
Reckon Limited
Reckon Limited
Reckon Limited (RKN) is an Australian publicly listed company well known as a leading provider of software solutions for accounting and bookkeeping professionals, as well as small to medium sized businesses, small office/home office users and personal wealth management.
year
2020
rev ($mm)
$54.95
EBITDA ($mm)
$9.52
EBIT ($mm)
$8.47
Net Income ($mm)
$5.93
Employees
118
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Ticker:
 
 
 
 
 
 
 
 
Bill.com
Bill.com is a leading provider of cloud-based software that simplifies, digitizes, and automates back-office financial processes for small and mid-sized businesses. Bill.com's AI-enabled financial software platform provides an intelligent way to create and pay bills, send invoices, and get paid.
year
2021
rev ($mm)
$202.10
EBITDA ($mm)
($49.01)
EBIT ($mm)
($53.51)
Net Income ($mm)
Employees
618
  • drill down
  • watch
Ticker: INTU
 
 
 
 
 
 
 
 
Intuit, Inc.
Intuit, Inc.
Intuit is a leading provider of business and financial management solutions for small and mid-sized businesses, consumers and accounting professionals. Its flagship products and services, simplify small business management and payroll processing, personal finance, and tax preparation and filing.
year
2020
rev ($mm)
$7,837.00
EBITDA ($mm)
$2,559.00
EBIT ($mm)
$2,375.00
Net Income ($mm)
$1,967.00
Employees
10600
  • drill down
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Ticker: ENXTBR:UPG
 
 
 
 
 
 
 
 
UnifiedPost
Unifiedpost Group wants to become the leading cloud-based platform for SME business services built on “Documents”, “Identity” and “Payments”. Unifiedpost operates and develops a 100% cloud-based platform for administrative and financial services.
year
2020
rev ($mm)
$70.52
EBITDA ($mm)
($13.98)
EBIT ($mm)
($19.53)
Net Income ($mm)
Employees
757
  • drill down
  • watch
Ticker: HLSE:BAS1V
 
 
 
 
 
 
 
 
BasWare Oyj
BasWare Oyj
Basware is the global leader in providing purchase-to-pay and e-invoicing solutions in the world of commerce. Basware empowers companies to unlock value across their financial operations by simplifying and streamlining key financial processes.
year
2017
rev ($mm)
$184.50
EBITDA ($mm)
$0.83
EBIT ($mm)
($11.67)
Net Income ($mm)
Employees
1829
  • drill down
  • watch