Like FreeMarkets, Inc.

closed 7/1/2004 via BusinessWire

Ariba, Inc., acquired FreeMarkets, Inc.

synopsis: Ariba(R), Inc. (Nasdaq:ARBA), the leading Spend Management (SM) solutions provider, today announced that it has completed its merger with FreeMarkets, Inc. and effected a one-for-six reverse split of its common stock.
buyer: Ariba, Inc.
Ariba, Inc. is the leading provider of spend management solutions to help companies realize rapid and sustainable bottom line results. Successful companies around the world in every industry use Ariba Spend Management™ software and services. "
target: FreeMarkets, Inc.
FreeMarkets operates real-time, business-to-business online auctions for companies buying chemicals, coal, and products in more than 70 other categories. Its BidWare software links buyers with sellers in reverse auctions in which suppliers place bids to fill an order. The company's clients include
price ($mm)
$176
rev ($mm)
$139
EBITDA ($mm)
EV / rev
1.3x
EV / EBITDA
closed 7/11/2018 via PR Newswire

Xometry, acquired MakeTime

synopsis: Xometry, the largest on-demand manufacturing platform, announced that it has acquired MakeTime, another leading on-demand manufacturing company. MakeTime is an online platform that enables companies to produce machined components quickly and more efficiently than ever before.
buyer: Xometry
Xometry is transforming custom manufacturing through a proprietary software platform which offers on-demand manufacturing to a diverse customer base, ranging from startups to Fortune 100 companies. They provide product designers and engineers an efficient way to source high-quality custom parts. "
target: MakeTime
MakeTime is an online platform that enables companies to produce machined components quickly and more efficiently than ever before. MakeTime does this by collecting unused CNC machine time from qualified machine shops across the United States, and placing each order with the right shop for the job.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/6/2018 via PR Web

Vora Group, acquired ShakeDeal

synopsis: Vora Ventures, a private equity firm specializing in building B2B information technology companies, has acquired ShakeDeal, India’s first B2B bulk sourcing online marketplace for Industrial Goods, Supplies, and Raw Materials. ShakeDeal offers leading brands in various verticals of industrials, such as power tools, hand tools, machinery, and more.
buyer: Vora Group
Vora Ventures is an MBE certified, privately held equity group that specializes in building innovative IT companies worldwide. The group portfolio consists of companies in the software, services and infrastructure solutions space, employing more than 2,100 people worldwide. "
target: ShakeDeal
ShakeDeal is India’s first B2B bulk sourcing online marketplace for Industrial Goods, Supplies, and Raw Materials. ShakeDeal offers leading and top brands in various verticals of industrials, such as power tools, hand tools, safety equipment, machinery, construction materials, hardware, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/10/2017 via PR Newswire

Hebron Technology Co., Ltd., will acquire Shanghai Xinxiao Co., Ltd.

synopsis: Hebron Technology Co., Ltd., a manufacturer and installer of valves and pipe fittings for use in the pharmaceutical and food industries, announced it will acquire a majority interest in Shanghai Xinxiao Co., Ltd. Xinxiao operates an online marketplace for equipment and products used in the pharmaceutical, food, and environmental industries.
buyer: Hebron Technology Co., Ltd. (HEBT:$24.62)
Hebron Technology Co., Ltd. engages in research, development, and manufacture of highly specialized valves and pipe fitting products for use in the pharmaceutical, biological, food and beverage, and other clean industries. "
target: Shanghai Xinxiao Co., Ltd.
Shanghai Xinxiao Co., Ltd. is an e-commerce and information service company. They operate an online marketplace for equipment and products used in the pharmaceutical, biological, chemical, food and beverage, and environmental industries. They also provide consulting services for businesses.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/16/2012 via PR Newswire

Ritchie Bros. Auctioneers, acquired AssetNation, Inc.

synopsis: Ritchie Bros. Auctioneers, the world's largest industrial auctioneer, announced that it has successfully completed the acquisition of AssetNation, Inc., a leading online marketplace and solutions provider for surplus and salvage assets. AssetNation, Inc. provides asset transition and asset recovery solutions for buyers and sellers.
buyer: Ritchie Bros. Auctioneers (RBA:$535.53)
Ritchie Bros. Auctioneers is the world's largest industrial auctioneer, selling more equipment to on-site and online bidders than any other company in the world. Ritchie Bros. offers services that enable the world's builders to easily and confidently exchange equipment. "
target parent: Spire Capital Partners, L.P.
target: AssetNation, Inc.
AssetNation, Inc. provides asset transition and asset recovery solutions for buyers and sellers. The company offers online auction marketplaces and solutions for surplus, end of life, and salvage assets and equipment.
price ($mm)
$64
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/15/2010 via Capital IQ

Liquidity Services, Inc., acquired Network International, Inc.

synopsis: Liquidity Services, Inc. (LSI) announced it has acquired Network International, Inc. (Network). Network is a leading online marketplace for the sale of idle, surplus and used equipment in the oil and gas, petrochemical and power generation industries.
buyer: Liquidity Services, Inc. (LQDT:$248.12)
Liquidity Services, Inc. provides leading corporations, public sector agencies and buying customers the world's most transparent, innovative and effective online marketplaces and integrated services for surplus assets. "
target: Network International, Inc.
Network International, Inc. is the world’s most extensive global online marketplace for surplus energy equipment for the oil and gas, petrochemical, and power generation industries.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/19/2008 via PR Newswire

Solera Holdings, Inc., acquired Inpart Servicos Ltda

synopsis: Solera Holdings, Inc., the leading global provider of software and services to the automobile insurance claims processing industry, announced that it has completed the acquisition of Inpart Servicos Ltda. Inpart is a leading electronic exchange for the purchase and sale of vehicle replacement parts in Brazil.
buyer parent: GTCR Golder Rauner
buyer: Solera Holdings, Inc. (SLH:$1,140.85)
The Solera companies provide a complete range of technology solutions, shared services and consulting for the automobile insurance claims processing industry. Solera is a leading global provider of automobile claims solutions. "
target: Inpart Servicos Ltda
Inpart Servicos Ltda is a leading electronic exchange for the purchase and sale of vehicle replacement parts in Brazil.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/10/2019 via BusinessWire

Reibus International, Inc., acquired Metalmixx

synopsis: Reibus International, Inc., an online B2B marketplace in the industrial materials space, has acquired Metalmixx, an online platform for the purchase and sale of excess carbon steel. Through Metalmixx's smart dashboard, users can manage their current listings, see views on listed inventory, view purchasing history, and manage shipping information.
buyer: Reibus International, Inc.
Reibus International, Inc. is an online B2B marketplace for prime, excess and obsolete metals used in industrial, transportation, and construction markets. Reibus' virtual marketplace is open to and providing significant benefits to all participants in the industrial materials supply chain. "
target: Metalmixx
Metalmixx is an online platform that facilitates the purchase and sale of excess carbon steel. Through Metalmixx's smart dashboard, users can manage their current listings, see views on listed inventory, view purchasing history, and manage shipping information.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/30/2014 via Company Press Release

ECI Partners, acquired ATG Media Ltd

synopsis: ECI Partners has invested in ATG Media, a global pioneer of webcast and timed online auction platforms. ECI will partner with ATG’s management and existing investor Mobeus Equity Partners to help drive the company’s ongoing international expansion. ATG operates the-saleroom.com, i-bidder.com, BidSpotter.co.uk and BidSpotter.com.
buyer: ECI Partners
Established in 1976, ECI has invested in more than 250 companies helping to build many successful businesses, including Café Rouge, Chubb, Racal Acoustics, Bloomsbury Publishing, Laterooms, National Computing Centre and National Express. "
target parent: Mobeus Equity Partners LLP
target: ATG Media Ltd
ATG’s websites allow bidders from around the world to browse fully illustrated sale catalogues and place bids over the internet in real time with live audio and video feeds delivering the auction room atmosphere. Bidders are also able to participate in timed, online only auctions.
price ($mm)
rev ($mm)
$25
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 7/1/2004 via BusinessWire

Ariba, Inc., acquired FreeMarkets, Inc.

synopsis: Ariba(R), Inc. (Nasdaq:ARBA), the leading Spend Management (SM) solutions provider, today announced that it has completed its merger with FreeMarkets, Inc. and effected a one-for-six reverse split of its common stock.
buyer: Ariba, Inc.
Ariba, Inc. is the leading provider of spend management solutions to help companies realize rapid and sustainable bottom line results. Successful companies around the world in every industry use Ariba Spend Management™ software and services. "
target: FreeMarkets, Inc.
FreeMarkets operates real-time, business-to-business online auctions for companies buying chemicals, coal, and products in more than 70 other categories. Its BidWare software links buyers with sellers in reverse auctions in which suppliers place bids to fill an order. The company's clients include
price ($mm)
$176
rev ($mm)
$139
EBITDA ($mm)
EV / rev
1.3x
EV / EBITDA
closed 10/1/2012 via PR Newswire

SAP America, Inc., acquired Ariba, Inc.

synopsis: SAP AG announced that it has completed its acquisition of Ariba, Inc., the leading cloud-based business commerce network. Ariba combines industry-leading technology with the world's largest web-based trading community to help companies discover, connect and collaborate with a global network of partners – all in a cloud-based environment.
buyer parent: SAP AG
buyer: SAP America, Inc.
SAP America provides enterprise software and services for managing accounting, distribution, human resources, and manufacturing functions. Its products include business intelligence, enterprise resource planning, customer relationship management, and supply chain management applications. "
target: Ariba, Inc.
Ariba is a provider of collaborative business commerce solutions. Ariba combines industry-leading technology with the world's largest web-based trading community to help companies discover, connect and collaborate with a global network of partners – all in a cloud-based environment.
price ($mm)[EV]
$4,599 [$4,402]
rev ($mm)
$502
EBITDA ($mm)
$41
EV / rev
8.8x
EV / EBITDA
108.0x
closed 10/19/2011 via BusinessWire

Ariba, Inc., acquired b-process

synopsis: Ariba, Inc., the leading provider of collaborative business commerce solutions, has closed the acquisition of b-process, a privately-held provider of France’s largest electronic invoice network and one of the largest e-invoicing networks in Europe. It provides suppliers and buyers with an end-to-end e-invoicing data automation process.
buyer: Ariba, Inc.
Ariba is a provider of collaborative business commerce solutions. Ariba combines industry-leading technology with the world's largest web-based trading community to help companies discover, connect and collaborate with a global network of partners – all in a cloud-based environment. "
target: b-process
b-process is a leading electronic invoicing service provider, which offers tax compliant e-invoicing and financial supply chain services. It provides suppliers and buyers with an end-to-end e-invoicing data automation process.
price ($mm)
$48
rev ($mm)
$11
EBITDA ($mm)
EV / rev
4.3x
EV / EBITDA
closed 1/27/2011 via BusinessWire

Ariba, Inc., acquired Quadrem

synopsis: Ariba, Inc., the leading provider of collaborative business commerce solutions, has announced that it has completed the acquisition of Quadrem, a privately-held provider of one of the world's largest supply networks and on-demand supply management solutions.
buyer: Ariba, Inc.
Ariba, Inc. is the leading provider of collaborative business commerce solutions. Ariba combines industry-leading software as a service (SaaS) technology to optimize the complete commerce lifecycle with the world's largest web-based community. "
target: Quadrem
Quadrem operates one of the world’s largest supply networks, connecting buyers and suppliers by “digitizing” the many steps involved in buying and selling products and services.
price ($mm)
$147
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/17/2007 via BusinessWire

Ariba, Inc., acquired Procuri, Inc.

synopsis: Ariba, Inc. has completed the acquisition of Procuri, Inc. a privately-held provider of on-demand supply management solutions. With the acquisition, Ariba extends its position as the leading provider of spend management solutions to companies of all sizes.
buyer: Ariba, Inc.
Ariba, Inc. is the leading provider of spend management solutions to help companies realize rapid and sustainable bottom line results. Successful companies around the world in every industry use Ariba Spend Management™ software and services. "
target: Procuri, Inc.
Procuri leads the On Demand Supply Management industry. Procuri's On Demand solutions for spend analysis, supplier management, strategic sourcing, contract management and compliance are comprehensive, cost effective and instantly available.
price ($mm)[EV]
$79 [$87]
rev ($mm)
$22
EBITDA ($mm)
EV / rev
5.6x
EV / EBITDA
closed 7/1/2004 via BusinessWire

Ariba, Inc., acquired FreeMarkets, Inc.

synopsis: Ariba(R), Inc. (Nasdaq:ARBA), the leading Spend Management (SM) solutions provider, today announced that it has completed its merger with FreeMarkets, Inc. and effected a one-for-six reverse split of its common stock.
buyer: Ariba, Inc.
Ariba, Inc. is the leading provider of spend management solutions to help companies realize rapid and sustainable bottom line results. Successful companies around the world in every industry use Ariba Spend Management™ software and services. "
target: FreeMarkets, Inc.
FreeMarkets operates real-time, business-to-business online auctions for companies buying chemicals, coal, and products in more than 70 other categories. Its BidWare software links buyers with sellers in reverse auctions in which suppliers place bids to fill an order. The company's clients include
price ($mm)
$176
rev ($mm)
$139
EBITDA ($mm)
EV / rev
1.3x
EV / EBITDA
closed 10/28/2019 via PR Newswire

BlueSnap, Inc., acquired Armatic

synopsis: BlueSnap, a global payments technology company, has acquired Armatic, a leader in accounts receivable and invoicing automation. Armatic offers solutions for accounts receivable, accounts payable, billing, and more. Their solutions help companies to accelerate Order-to-Cash cycles, streamline billing, and reduce operating expenses.
buyer: BlueSnap, Inc.
BlueSnap is a global payments technology company. BlueSnap provides an All-in-One Payment Platform designed to increase sales and reduce costs. Their platform supports online and mobile sales, marketplaces, subscriptions, invoice payments and manual orders through a virtual terminal. "
target: Armatic
Armatic is a leader in accounts receivable and invoicing automation. Armatic helps companies to accelerate Order-to-Cash cycles, streamline billing, reduce operating expenses and strengthen customer relationships. Armatic offers solutions for accounts receivable, accounts payable, billing, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/10/2019 via Company Press Release

Royal Bank of Canada, acquired WayPay

synopsis: Royal Bank Canada, a global financial institution, has acquired WayPay, a cloud-based payments fintech from Burlington, Ontario that offers business clients a best-in-class solution for accounts payable automation and payment optimization.
buyer: Royal Bank of Canada (TSX:RY:$32,388.91)
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, they have a diversified business model with a focus on innovation. "
target: WayPay
WayPay is a cloud-based payments fintech that offers business clients a best-in-class solution for accounts payable automation and payment optimization. By seamlessly connecting to leading accounting platforms, WayPay specializes in helping companies reduce their payables pain points.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/5/2019 via BusinessWire

FleetCor Technologies, Inc., will acquire NVoicePay

synopsis: FLEETCOR Technologies, Inc., a leading global provider of commercial payment solutions, announced that it has signed a definitive agreement to acquire Nvoicepay, Inc., a leader in full accounts payable automation for businesses.
buyer: FleetCor Technologies, Inc. (FLT:$2,433.49)
FLEETCOR Technologies is a leading global provider of commercial payment solutions. The Company helps businesses of all sizes better control, simplify and secure payment of their fuel, toll, lodging and general payables. "
target: NVoicePay
Nvoicepay delivers automated accounts payable solutions to over 400 business clients, providing a simple UI that allows customers to electronically pay all of their suppliers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/13/2019 via Company Press Release

Corcentric, LLC, acquired Netsend

synopsis: Corcentric, a fast-growing provider of procurement and financial process automation solutions, has acquired Netsend Ltd., a global provider of electronic billing, invoicing, and document distribution services. Netsend provides businesses with secure online access to their document distribution history.
buyer: Corcentric, LLC
Corcentric is a leading provider of procurement and finance solutions that transform how companies purchase, pay, and get paid. Corcentric's procurement, accounts payable, and accounts receivable solutions empower companies to spend smarter, optimize cash flow, and drive profitability. "
target: Netsend
Netsend is a global provider of electronic billing, invoicing, and document distribution services. Netsend provides businesses with secure online access to their document distribution history, facilitating ease of reporting, performance analysis and proof of delivery.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/5/2018 via GlobeNewswire

DiCentral Inc., purchased Compello GmbH from Compello

synopsis: DiCentral, a leading provider of business-to-business (B2B) supply chain integration and collaboration solutions, announced the recent acquisition of Compello GmbH (Compello Germany) and launch of DiCentral Europe. Compello specializes in the fields of EDI, e-invoicing and invoice approval.
buyer: DiCentral Inc.
DiCentral is a leading global provider of B2B supply chain collaboration and integration solutions that simplify and enhance business process integration and collaboration among trading partners. "
seller: Compello
Compello aims to become a Nordic leader in the fields of EDI, e-invoicing and invoice approval. Every day they strive to help organizations play well together. They do this by managing invoices, transactions and other messages in a safe, fast and secure way.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/8/2018 via PE Hub

Edenred, will acquire Corporate Spending Innovations

synopsis: Edenred, the world leader in transactional solutions for companies, employees and merchants, will acquire Corporate Spending Innovations (“CSI”), one of the leading providers of automated corporate payment software in North America. CSI's cloud-based accounts payable software automates and streamlines B2B payments for over 800 companies.
buyer: Edenred (ENXTPA:EDE:$1,462.59)
Edenred is the world leader in transactional solutions for companies, employees and merchants. Edenred's solutions provide increased purchasing power for employees, optimized expense management for companies and additional business for affiliated merchants. "
target: Corporate Spending Innovations
Founded in 1989, Corporate Spending Innovations (CSI) is one of the leading providers of automated corporate payment software in North America. CSI's cloud-based accounts payable software automates and streamlines B2B payments for over 800 companies.
price ($mm)
$600
rev ($mm)
EBITDA ($mm)
$26
EV / rev
EV / EBITDA
23.1x
closed 10/10/2018 via Company Press Release

Visma ASA, acquired Számlázz.hu

synopsis: Visma, the largest software company in the Nordic region, has acquired Számlázz.hu, a Hungarian provider of cloud-based billing and invoicing services. Számlázz.hu's professional financial technology services enables their customers to save time and money while making their businesses more successful.
buyer parent: Kohlberg Kravis Roberts & Co.
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: Számlázz.hu
Számlázz.hu is the number one FinTech company in the Hungarian online billing and invoicing software market. Számlázz.hu's professional financial technology services enables their customers to save time and money while making their businesses more successful.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/22/2018 via PR Web

OSG Billing Services, acquired Miria Systems

synopsis: OSG Billing Services (OSG), a leading provider of omnichannel billing and payment solutions, customer engagement and customer communication management, announced that it has completed the acquisition of Miria Systems, Inc., a leading provider of intelligent business process automation specializing in accounts payable, tax and expense management.
buyer parent: Aquiline Capital Partners
buyer: OSG Billing Services
OSG has been a leading outsourced provider of omnichannel billing and payment solutions, offering a full suite of integrated customer communications and engagement solutions that transform the way OSG’s clients reach their customers. "
target: Miria Systems
Miria, founded in 1996, is a leading provider of intelligent business process automation for financial transaction processes specializing in accounts payable and expenses. Miria has evolved from a document management solution into a best-in-class Cloud provider of intelligent business automation.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/19/2018 via PR Newswire

PAYSCOUT, INC., acquired Paywire Inc.

synopsis: Payscout, one of the fastest growing privately held global payment processing providers in the U.S., announced it has acquired Paywire, Inc., a leader in cloud and mobile software solutions that integrate with third party systems, web sites, hardware, SAP systems, and processors.
buyer: PAYSCOUT, INC.
Payscout is a global payment processing provider connecting merchants and consumers via credit, debit, ATM, and alternative payment networks. Payscout offers payment processing solutions for brick-and-mortar and ecommerce transactions, and gives merchants instant access to 100+ countries. "
target: Paywire Inc.
Paywire, Inc. is a leader in cloud and mobile software solutions that integrate with third party systems, web sites, hardware, SAP systems, and processors. Paywire's tools consolidate payment and software systems to reduce the scope of compliance and enhance security.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/17/2018 via finextra.com

Palette Software AB, acquired Centsoft AB

synopsis: Palette Software, a Sweden-based company that provides market leading software for procure to pay, has acquired Centsoft, a Swedish SaaS invoice automation specialist company. Centsoft's platform is a powerful, modern system for managing invoices. The platform allows businesses to easily approve their invoices, import credit card invoices and more.
buyer: Palette Software AB
Palette Software is a Sweden-based company that provides market leading software for procure to pay. Their software solutions help automate transaction processing for invoices, contracts, purchase orders and expenses for over 3,500 clients worldwide. "
target: Centsoft AB
Centsoft is a Swedish SaaS invoice automation specialist company. Centsoft's platform is a powerful, modern system for managing invoices. The platform allows businesses to easily approve their invoices, import credit card invoices, compile and print multiple invoices, prevent duplicates, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/14/2018 via BNC Analysis

JCurve Solutions, will acquire Riyo Pty Ltd

synopsis: JCurve Solutions, an Australian provider of cloud-based software solutions, will acquire Riyo, an Australian company that offers a booking, dispatch and payment (BDP) platform for service based businesses. Riyo allows businesses to respond to scheduled or on-demand bookings, dispatch workers, record transactions and process customer payments.
buyer: JCurve Solutions (ASX:JCS:$8.13)
JCurve Solutions is an Australian company that provides cloud-based software solutions to improve business performance. JCurve Solutions offers Enterprise Resource Planning (ERP) and Telecom Expense Management (TEM) software that helps small businesses to increase their efficiency and reduce costs. "
target: Riyo Pty Ltd
Riyo is an Australian company that offers a booking, dispatch and payment (BDP) platform for service based businesses. Riyo allows businesses to respond to scheduled or on-demand bookings, create new schedules, dispatch workers, monitor and record transactions and process customer payments.
price ($mm)
$0.45
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/25/2018 via BNC Analysis

amoCRM, acquired Tranzaptor

synopsis: amoCRM, a simple, easy-to-use Sales Management System, has acquired Tranzaptor from Introvert, a Russian company that supports businesses in the digital transformation of their sales processes. Tranzaptor is a Russian company that offers an online billing and invoicing platform. The platform allows users to create and send bills to their customers.
buyer parent: 1C
buyer: amoCRM
amoCRM is a simple, easy-to-use Sales Management System designed to save time and money. It helps users manage leads and monitor your sales pipeline in only a few clicks. amoCRM’s cloud service contains information for every client, all active negotiations, current contracts and future deals. "
target parent: Introvert
target: Tranzaptor
Tranzaptor is a Russian company that offers an online billing and invoicing platform. The platform allows users to create and send bills and invoices to their customers. All sent bills and invoices can be easily tracked and managed on the user's Tranzaptor account.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/22/2018 via PR Web

Smart ERP, acquired Provade, Inc.

synopsis: Smart ERP Solutions, Inc., the provider of Smart Onboarding and other solutions and services, has acquired Provade Inc., a provider of an Oracle ecosystem focused enterprise class Services Procurement and Vendor Management System (VMS) for global contingent workforce spend management.
buyer: Smart ERP
Smart ERP Solutions is a unique organization in the Enterprise Business Applications space providing innovative, cost-effective, and configurable solutions as well as a wide range of consulting services that efficiently extend the capabilities of ERP systems to meet specific business process needs. "
target: Provade, Inc.
Provade Inc., delivers the only Oracle ecosystem focused enterprise class Services Procurement and Vendor Management System (VMS) for global contingent workforce spend management. Provade’s SaaS solution helps businesses achieve efficiency and measurable savings in work services spend.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/2/2018 via Company Press Release

Verdane Capital, will purchase FPS and Banking Businesses from BasWare Oyj

synopsis: Basware Corporation has signed an agreement to sell its Financial Performance Solutions and Banking businesses to Verdane Capital, an active owner of technology-enabled growth companies in Northern Europe.
buyer: Verdane Capital
Verdane is a Nordic private equity company which through its funds invests in software, consumer internet, energy and high-technology industry companies. Verdane’s funds are distinctive in that they can invest in either entire investment portfolio, parts of a portfolio or entire target companies. "
seller: BasWare Oyj (HLSE:BAS1V:$184.50)
Basware's Financial Performances Services (FPS) is Finland’s leading provider of financial consolidation and reporting software. Basware's Banking services is a payment automation solutions provider for companies and organisations of all sizes.
price ($mm)
$43
rev ($mm)
$19
EBITDA ($mm)
EV / rev
2.3x
EV / EBITDA
closed 9/5/2017 via BNC Analysis

Marlin Equity Partners, acquired Medius

synopsis: Marlin Equity Partners® is pleased to announce that it has acquired Medius, a leading provider of cloud-based accounts payable automation software that allows organizations to automate their invoice management process and gain greater financial control and visibility into their spend.
buyer: Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $6.7 billion of capital under management that is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. "
target parent: Axel Johnson Holding AB
target: Medius
Medius is a leading provider of AP invoice automation solutions in the Cloud. The MediusFlow and Ascendo solutions automate and simplify the entire P2P process. The company has 2,000 customers worldwide processing 52 million invoices annually, with high density in retail, manufacturing and services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/26/2017 via Company Press Release

Stripe Inc., acquired Payable

synopsis: Stripe has acquired Payable to help make it easier for platforms and marketplaces on Stripe Connect to meet their tax reporting obligations worldwide. Payable built a deep integration with the Stripe API that automated generating and sending the right tax forms to the right people for thousands of Stripe platforms.
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: Payable
Payable’s tax workflows and onboarding automation provide a painless 1099 filing service. They also provide payment processing solutions. By simplifying and automating onboarding, payments, and 1099 compliance, Payable consolidates disparate & manual processes, while getting contractors paid faster.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/30/2017 via Company Press Release

Keyware Technologies NV, acquired Magellan SAS

synopsis: Keyware has fully acquired French tech company Magellan SAS. The payment specialist already owned 40 percent of the shares, but is announcing that it also acquires the remaining 60 percent. Magellan SAS offers innovative solutions for electronic transaction management and to facilitate electronic payments.
buyer: Keyware Technologies NV (ENXTBR:KEYW:$21.90)
Keyware is a leading supplier of electronic payment solutions, loyalty systems, identity applications and related transaction management. Keyware is based in Zaventem, Belgium. Keyware boasts solid partnerships with various global players in the value chain of electronic payment. "
target: Magellan SAS
Magellan SAS has been active on the French market for more than 17 years, offering innovative solutions for electronic transaction management and to facilitate electronic payments. Magellan, as a software developer in the fintech industry, use the Software-as-a-Service model.
price ($mm)
$6.85*
rev ($mm)
$4
EBITDA ($mm)
$1
EV / rev
3.0x
EV / EBITDA
16.7x
closed 10/26/2017 via BusinessWire

Natixis, acquired Dalenys

synopsis: Dalenys has been informed that Natixis, through its fully-owned subsidiary Natixis Belgique Investissements, has acquired 50.04% of Dalenys’ shares. Based in Belgium, Dalenys offers Payment Marketing solutions that aim to increase revenues for online and point-of-sale merchants.
buyer parent: Groupe BPCE
buyer: Natixis (ENXTPA:KN:$11,403.27)
Natixis is the international corporate, investment, insurance and financial services arm of Groupe BPCE, the second-largest banking group in France. Natixis is organized into three business lines: Corporate & Investment Banking, Investment Solutions & Insurance, and Specialized Financial Services. "
target: Dalenys (ENXTBR:NYS:$77.27)
Based in Belgium, Dalenys offers Payment Marketing solutions that aim to increase revenues for online and point-of-sale merchants. Dalenys offers solutions that integrate transactional and marketing data to increase the conversion of the customers during their purchasing path.
price ($mm)[EV]
$90 [$64]*
rev ($mm)
$74
EBITDA ($mm)
EV / rev
2.7x
EV / EBITDA
closed 12/6/2016 via Company Press Release

Credit Tools merged with OnGuard International Holding BV,

synopsis: OnGuard and Credit Tools are combining forces and are announcing a merger. OnGuard develops software with which companies can integrate and structure their accounts receivables, while Credit Tools has been developing and implementing credit management software for over 15 years.
buyer parent: Main Capital Partners BV
buyer: OnGuard International Holding BV
OnGuard develops software with which companies can integrate and structure their accounts receivables, from credit and collections management to complaints management and cash allocation. "
target: Credit Tools
Credit Tools has been developing and implementing credit management software for over 15 years. It has expanded into a leading innovative solution provider in the field of debtor management, collections, credit monitoring and management and the automatic processing of payments.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/11/2016 via BusinessWire

Corcentric, acquired InfoAccess.net

synopsis: Corcentric Collective Business Systems, Inc., a provider of cloud-based financial process automation solutions, announced it has acquired substantially all of the assets of InfoAccess.net, a provider of cloud-based e-invoicing services headquartered in Cleveland, Ohio.
buyer parent: AmeriQuest Business Services, Inc.
buyer: Corcentric
Corcentric, a wholly-owned subsidiary of AmeriQuest Business Services, Inc., provides cloud-based financial process automation solutions that have revolutionized how the world’s largest organizations manage and protect their financial assets. "
target: InfoAccess.net
InfoAccess.net, founded in 1999 has more than 16,000 customers in more than 50 countries and helps buyers and sellers exchange critical purchase orders and invoices in any electronic format, reducing error, paper processes, and costs for more accurate payments and reconciliation.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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