Like PaySuite

closed 8/7/2014 via Company Press Release

Intuit, Inc., acquired PaySuite

synopsis: PaySuite has announced its acquisition by Intuit. PaySuite is a cloud-based, self-service payroll software provider. PaySuite's features includes Bacs, PAYE and NI calculations, electronic payslips, full reporting, P45, pensions, real time information, unlimited employees, unlimited payrolls, and more.
buyer: Intuit, Inc. (INTU:$7,837.00)
Intuit is a leading provider of business and financial management solutions for small and mid-sized businesses, consumers and accounting professionals. Its flagship products and services, simplify small business management and payroll processing, personal finance, and tax preparation and filing. "
target: PaySuite
PaySuite is a cloud-based, self-service payroll software provider. PaySuite's features includes Bacs, PAYE and NI calculations, electronic payslips, full reporting, P45, pensions, real time information, unlimited employees, unlimited payrolls, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
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closed 4/30/2021 via PR Newswire

PrimePay, acquired SyncHR

synopsis: PrimePay, a national payroll, human capital management (HCM), and benefit services company, announced it is acquiring SyncHR, a leading all-in-one HR, payroll and benefits management software provider purposely-built for mid-sized enterprises.
buyer parent: Aquiline Capital Partners
buyer: PrimePay
Since 1986, PrimePay has been helping small businesses get time back in their day to focus on what matters most. This is possible through their payroll, HR, Time Clock and benefits admin services that help to ensure compliance and provide exceptional support during the employee lifecycle. "
target: SyncHR
SyncHR is a pioneer and expert in the HR, Benefits and Payroll space. SyncHR is innovative and unique by using Object Oriented, Open Source technology to dramatically simplify HR operations resulting in a much smaller code base allowing faster changes, implementation and integrations.
price ($mm)
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announced 4/25/2019 via Company Press Release

Francisco Partners Management LLC, will acquire PayScale

synopsis: Francisco Partners, a leading global private equity firm specializing in technology and technology-enabled services businesses, will be acquiring PayScale, a company that offers modern compensation software and the most precise, real-time, data-driven insights for employees and employers alike.
buyer: Francisco Partners Management LLC
Francisco Partners is a leading global private equity firm specializing in technology and technology-enabled services businesses. FP has invested in and acquired over 200 technology companies, making it one of the most active and longstanding investors in the technology industry. "
target parent: Warburg Pincus
target: PayScale
PayScale offers modern compensation software and the most precise, real-time, data-driven insights for employees and employers alike. More than 7,000 customers, from small businesses to Fortune 500 companies, use PayScale to power pay decisions for more than 18 million employees.
price ($mm)
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closed 8/1/2018 via PR Newswire

ADP, LLC, acquired Celergo LLC

synopsis: ADP, one of the world’s largest and most experienced HR providers, announced that it has acquired Celergo, a leading provider of global payroll management services. Celergo offers multi-country payroll and combines a proprietary cloud-based technology platform with a local provider network to enable timely, accurate and compliant payroll.
buyer: ADP, LLC (ADP:$13,325.80)
ADP LLC gives companies of every size the tools to help thrive. ADP helps businesses from payroll, benefits and regulatory compliance to talent management and analytics. ADP offers clients recruit-to-retire services and solutions that help them build the team that will take them into the future. "
target: Celergo LLC
Celergo offers multi-country payroll in 150 countries and combines a proprietary cloud-based technology platform with a local provider network to enable timely, accurate and compliant payroll. With comprehensive solutions, Celergo has steadily grown its client base, coverage and network.
price ($mm)
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closed 5/26/2017 via GlobeNewswire

Asure Software, Inc., acquired Evolution HCM

synopsis: Asure Software, a leading provider of Human Capital Management (HCM) and Digital Workplace software, announced that it has acquired iSystems, LLC. iSystems through its flagship product, Evolution HCM, offers payroll, tax management and HR software combined with comprehensive back-end service bureau tools to service providers across the U.S.
buyer: Asure Software, Inc. (ASUR:$99.48)
Asure Software, Inc. offers intuitive and innovative technologies that enable companies of all sizes and complexities to operate more efficiently. The company ensures a high-performing work environment by integrating its "keep it simple" solutions and expertise to more than 7,000 clients worldwide. "
target: Evolution HCM
Evolution HCM offers payroll, tax management and HR software combined with comprehensive back-end service bureau tools to service providers across the United States.
price ($mm)
$59
rev ($mm)
$13
EBITDA ($mm)
EV / rev
4.6x
EV / EBITDA
announced 12/19/2014 via GlobeNewswire

Wolters Kluwer NV, will acquire SBS Software GmbH

synopsis: Wolters Kluwer announced that it has reached an agreement to acquire SBS Software GmbH, a leading German provider of accounting and payroll solutions. SBS Software's main products are SBS Lohn plus for payroll accounting and SBS Rewe neo for financial accounting.
buyer: Wolters Kluwer NV (ENXTAM:WKL:$5,592.95)
Wolters Kluwer is a market-leading global information services company. Professionals in the areas of legal, business, tax, accounting, finance, audit, risk, compliance, and healthcare rely on its leading information-enabled tools and software solutions to manage their business efficiently. "
target: SBS Software GmbH
SBS Software GmbH is a leading German provider of accounting and payroll solutions. Based in Bretten, Germany with a 40-year history, SBS Software has more than 100 employees and serves over 6,000 customers.
price ($mm)
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closed 11/6/2014 via Market Wire

Xero Limited, acquired Monchilla

synopsis: Xero, a global leader in online accounting software, announced that it has acquired Seattle-based online payroll company, Monchilla Inc. The acquisition of Monchilla's payroll expertise and technology helps Xero rapidly accelerate the extension of its payroll offering to serve small businesses in more U.S. states.
buyer: Xero Limited (ASX:XRO:$564.63)
Xero provides online accounting software and services for small to medium sized businesses. Its accounting system has a cashbook, automated daily bank feeds, invoicing, debtors, creditors, sales tax and reporting. "
target: Monchilla
Monchilla is the first online accounting system that gives users easy to use accounting with everything they need to manage their business, pay employees and make smarter decisions.
price ($mm)
$7.13
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/2/2014 via PR Newswire

Silver Oak Services Partners, acquired Evolution Payroll

synopsis: Silver Oak Services Partners announced that it has made an investment in iSystems LLC in partnership with the founders and management. iSystems' Evolution is a payroll, tax and HR management software for service bureaus including independent payroll processors, banks and CPAs.
buyer: Silver Oak Services Partners
Silver Oak Services Partners, LLC is a private equity firm based in Evanston, IL, focused exclusively on service businesses. Silver Oak seeks to partner with exceptional management teams to build industry leading business, consumer, and healthcare service companies. "
target: Evolution Payroll
iSystem's fully integrated Evolution Payroll, HR, and Tax Management software provides payroll service providers a path to growth and success with unparalleled accuracy, productivity, and financial control.
price ($mm)
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announced 4/24/2014 via BNC Analysis

Warburg Pincus, will acquire PayScale

synopsis: PayScale, Inc., the leader in cloud compensation data and software-as-a-service (SaaS) for businesses and individuals, announced that an affiliate of Warburg Pincus, a leading global private equity firm focused on growth investing, has agreed to make a majority investment of up to $100 million.
buyer: Warburg Pincus
Warburg Pincus is a leading global private equity firm. The firm has more than $30 billion in assets under management. Its active portfolio of more than 125 companies is highly diversified by stage, sector and geography. "
target: PayScale
PayScale, Inc. provides an immediate and precise snapshot of current market salaries through its online tools and software. PayScale’s products are powered by innovative algorithms that dynamically acquire, analyze and aggregate compensation information for millions of individuals in real-time.
price ($mm)
$100
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/26/2013 via Company Press Release

SyncHR merged with Benu, Inc.,

synopsis: SyncHR, a technology leader in cloud-based HR, Benefits, and Payroll solutions, and BENU, Inc., a company dedicated to simplifying the complexity of HR, announced that they have entered into a definitive merger agreement.
buyer: Benu, Inc.
Benu develops and manages Healthcare Exchanges for Health Plans (Health Plan Exchanges), Providers and Accountable Care Organizations or ACO’s (Provider Exchanges) and State and Government Agencies (State Exchanges) that target small and large employers, aggregators of employers and individuals. "
target: SyncHR
SyncHR is a pioneer and expert in the HR, Benefits and Payroll space. SyncHR is innovative and unique by using Object Oriented, Open Source technology to dramatically simplify HR operations resulting in a much smaller code base allowing faster changes, implementation and integrations.
price ($mm)
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announced 10/8/2012 via CNW Group

Solium Capital Inc., will acquire OptionEase, Inc.

synopsis: Solium Capital Inc., a leading global provider of web-based stock plan administration technology and services, agreed to acquire OptionEase Inc., the leading provider of applications for fair-market-value accounting and compliance in the United States.
buyer: Solium Capital Inc. (TSX:SUM:$104.55)
Solium Capital Inc., a software-as-a service (SaaS) company, is a leading global provider of web-based stock plan administration technology and services. Founded in 1999, Solium has offices in Canada, the United States and the United Kingdom. "
target parent: Tech Coast Angels
target: OptionEase, Inc.
OptionEase is an enterprise class web based Software-as-a-Service (SaaS) application suite for the administration, valuation and compliance with stock option and equity compensation requirements in the US and Globally.
price ($mm)[EV]
$2.80 [$8.20]
rev ($mm)
EBITDA ($mm)
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closed 9/26/2010 via Company Press Release

Kohlberg Kravis Roberts & Co., acquired Visma ASA

synopsis: Kohlberg Kravis Roberts & Co. announced the acquisition of Visma AS, a leading provider of business software and business processes for accounting & payroll in the Nordic Region. Current majority shareholder, HgCapital, will retain a significant portion of its ownership.
buyer: Kohlberg Kravis Roberts & Co. (KKR:$20,635.61)
Kohlberg Kravis Roberts & Co. is an investment firm that makes a wide variety of private equity investments on behalf of itself and its investors. KKR has completed more than 100 transactions involving over $100 billion of total financing. KKR has offices in New York, Menlo Park and London. "
target parent: HgCapital
target: Visma ASA
Visma Software supplies a wide range of essential business software in several European countries, as well as ASP solutions, consultancy, support and training. Visma Software ASA is headquartered in Oslo, Norway, with national distributors in Sweden, Denmark, Finland and the UK.
price ($mm)
$1,591
rev ($mm)
$964
EBITDA ($mm)
$192
EV / rev
1.7x
EV / EBITDA
8.3x
closed 2/1/2010 via PR Newswire

NorthgateArinso, acquired Neller Pty Ltd.

synopsis: NorthgateArinso, a leading global Human Resources (HR) software & services provider, announced the acquisition of Australian HR and payroll solution provider, Neller Pty Ltd. The acquisition supports NorthgateArinso's global growth strategy and is integral to the company's ongoing success in the Australia, New Zealand and Asia Pacific markets.
buyer: NorthgateArinso
NorthgateArinso is a leading global Human Resources software & services provider offering innovative HR business solutions to employers of all sizes, including Global Fortune™ 500 companies and many Public Sector organizations. "
target: Neller Pty Ltd.
Since 1976, Neller has been a market leader in Australia/NZ developing systems and solutions to manage people. Neller and subsidiary, Neller Employer Services (NES), service over 1,100 medium to large organisations across various industries throughout Australia and New Zealand.
price ($mm)
rev ($mm)
$18
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 1/4/2010 via Market Wire

Taleo Corporation, acquired Worldwide Compensation, Inc.

synopsis: Taleo Corporation, the leading provider of on-demand talent management solutions, announced the completion of its acquisition of Worldwide Compensation, Inc. With the acquisition, Taleo will cement its offering of the three critical components for managing a talent-optimized organization.
buyer: Taleo Corporation (TLEO:$308.90)
Taleo is the leader in on demand unified talent management solutions that empower organizations of all sizes to assess, acquire, develop and align their workforces for improved business performance. "
target: Worldwide Compensation, Inc.
Worldwide Compensation (WWC) helps global companies achieve better business performance by rewarding their critical talent worldwide. WWC offers software solutions for performance driven total compensation for the global workforce.
price ($mm)
$14*
rev ($mm)
$0
EBITDA ($mm)
EV / rev
69.8x
EV / EBITDA
cancelled 3/22/2006 via

The Sage Group plc., cancelled an acquisition of Visma ASA

synopsis: The Sage Group plc intends to make an offer to acquire Visma ASA, based in Oslo, Norway and listed on the Oslo Stock Exchange, for an expected enterprise value of approximately £334 million*. The proposed offer, though subject to the completion of due diligence, is recommended by Visma’s Board of Directors.
buyer: The Sage Group plc. (LSE:SGE:$2,653.04)
The Sage Group plc is a leading international supplier of accounting and business management software solutions and related products and services for small to medium-sized enterprises. Sage was floated on the London Stock Exchange in 1989 and the Group now employs over 10,000 people worldwide. "
target: Visma ASA
Visma Software supplies a wide range of essential business software in several European countries, as well as ASP solutions, consultancy, support and training. Visma Software ASA is headquartered in Oslo, Norway, with national distributors in Sweden, Denmark, Finland and the UK.
price ($mm)
$586
rev ($mm)
$274
EBITDA ($mm)
$36
EV / rev
2.1x
EV / EBITDA
16.2x
closed 1/8/2021 via PR Newswire

insightsoftware, acquired Certent, Inc.

synopsis: insightsoftware has acquired Certent, a leading provider of software-as-a-service solutions for financial disclosure management and equity management. The acquisition of Certent extends insightsoftware's portfolio of solutions for the Office of the CFO to the areas of equity and disclosure management.
buyer parent: TA Associates
buyer: insightsoftware
insightsoftware is a provider of financial reporting and enterprise performance management software. insightsoftware enables the Office of the CFO to connect to and make sense of enterprise data in real time so they can proactively drive greater financial intelligence across their organization. "
target parent: K1 Investment Management
target: Certent, Inc.
Certent helps customers elevate their business with smart, intuitive solutions for modern finance. Its advanced solutions for disclosure management, narrative reporting, and equity management help business and finance leaders improve accuracy, save time, and get more done.
price ($mm)
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announced 2/19/2018 via Company Press Release

Adesso Insurance Solutions GmbH, will acquire FABIS Sales Solutions GmbH & Co. KG

synopsis: Adesso Insurance Solutions GmbH will acquire Bamberg, Germany-based FABIS Sales Solutions GmbH & CO. Kg. FABIS provides software solutions that organize sales with distribution partners and settle commissions, performance-related remuneration and target agreements.
buyer parent: adesso AG
buyer: Adesso Insurance Solutions GmbH (DB:ADN1:$359.04)
Within the Adesso Group, Germany-based Adesso Insurance Solutions GmbH bundles its platform, in|sure, for the insurance market and also develops software and service solutions. In|sure provides inventory management and claims management for all types of insurance. "
target: FABIS Sales Solutions GmbH & Co. KG
FABIS, based in Bamberg, Germany, provides software solutions that organize sales with distribution partners and settle commissions, performance-related remuneration and target agreements.
price ($mm)
$1.83
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/24/2017 via GlobeNewswire

CallidusCloud, acquired RevSym Inc.

synopsis: Callidus Software, a global leader in cloud-based sales, marketing, learning and customer experience solutions, announced that it has acquired RevSym, a cloud solution focused on the management of revenue and incentives in the new world of ASC 606. RevSym is the only pure cloud solution that takes into account the commissions aspect of the process.
buyer: CallidusCloud (CALD:$239.66)
Callidus Software Inc., doing business as CallidusCloud, is the global leader in cloud-based sales, marketing, learning and customer experience solutions. It enables organizations to accelerate and maximize their lead to money process with a complete suite of solutions. "
target: RevSym Inc.
RevSym is an end-to-end revenue recognition automation software platform. RevSym's efficient cloud-based platform collects data from ERP, creates accounting schedules based on the configured revenue policies, and then publishes data back to the ERP general ledger.
price ($mm)
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closed 3/5/2020 via BusinessWire

Access Group, acquired CoreHR

synopsis: The Access Group announced the acquisition of CoreHR, a UK and Ireland market leader in HR and Payroll software for Mid-Market & Enterprise level businesses. Their intuitive and innovative people-centric SaaS solutions enable leaders to unleash the untapped potential of their employees across their organization.
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: CoreHR
CoreHR provides HR and Payroll solutions to some of the world's leading organisations. Their intuitive and innovative people-centric SaaS solutions enable leaders to unleash the untapped potential of their employees across their organization.
price ($mm)
rev ($mm)
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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)
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closed 8/7/2014 via Company Press Release

Intuit, Inc., acquired PaySuite

synopsis: PaySuite has announced its acquisition by Intuit. PaySuite is a cloud-based, self-service payroll software provider. PaySuite's features includes Bacs, PAYE and NI calculations, electronic payslips, full reporting, P45, pensions, real time information, unlimited employees, unlimited payrolls, and more.
buyer: Intuit, Inc. (INTU:$7,837.00)
Intuit is a leading provider of business and financial management solutions for small and mid-sized businesses, consumers and accounting professionals. Its flagship products and services, simplify small business management and payroll processing, personal finance, and tax preparation and filing. "
target: PaySuite
PaySuite is a cloud-based, self-service payroll software provider. PaySuite's features includes Bacs, PAYE and NI calculations, electronic payslips, full reporting, P45, pensions, real time information, unlimited employees, unlimited payrolls, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
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closed 2/3/2021 via Company Press Release

Intuit, Inc., acquired OneSaas

synopsis: Intuit has acquired the technology company OneSaas to accelerate the integration of third-party ecommerce solutions with the QuickBooks platform. OneSaas is an integrations platform providing omnichannel sales data automation for accounting, fulfilment and marketing applications and their customers.
buyer: Intuit, Inc. (INTU:$7,837.00)
Intuit Inc. creates business and financial management solutions that simplify the business of life for small businesses, consumers and accounting professionals. Its flagship products and services include QuickBooks®, which make it easier to manage small businesses and tax preparation and filing. "
target: OneSaas
OneSaas is an integrations platform providing omnichannel sales data automation for accounting, fulfilment and marketing applications and their customers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/3/2020 via Bloomberg

Intuit, Inc., will acquire TradeGecko

synopsis: Intuit Inc. has agreed to acquire TradeGecko, a Singapore-based inventory and order management software platform for small retailers and wholesalers in more than 100 countries. Intuit will integrate TradeGecko’s system into its QuickBooks accounting suite to help sellers manage their orders and inventory.
buyer: Intuit, Inc. (INTU:$7,837.00)
Intuit Inc. creates business and financial management solutions that simplify the business of life for small businesses, consumers and accounting professionals. Its flagship products and services include QuickBooks®, which make it easier to manage small businesses and tax preparation and filing. "
target: TradeGecko
TradeGecko is a Singapore-based inventory and order management software platform for small retailers and wholesalers in more than 100 countries. TradeGecko was founded in Singapore in 2012 and led by New Zealand brothers Cameron and Bradley Priest.
price ($mm)
$80
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/3/2020 via BusinessWire

Intuit, Inc., acquired Credit Karma

synopsis: Intuit, proud maker of TurboTax, QuickBooks and Mint, announced that it has acquired Credit Karma, a personal finance company that's focused on helping everyone make financial progress.
buyer: Intuit, Inc. (INTU:$7,837.00)
Intuit Inc. creates business and financial management solutions that simplify the business of life for small businesses, consumers and accounting professionals. Its flagship products and services include QuickBooks®, which make it easier to manage small businesses and tax preparation and filing. "
target: Credit Karma
Credit Karma is a personal finance company that's focused on helping everyone make financial progress. Whether they're interested in getting a better deal on a loan, looking for ways to save, or simply monitoring their credit, they offer a range of tools and personalized recommendations.
price ($mm)
$7,100
rev ($mm)
$1,000
EBITDA ($mm)
EV / rev
7.1x
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)
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announced 5/29/2019 via BusinessWire

Intuit, Inc., will acquire Origami Logic

synopsis: Intuit Inc., makers of TurboTax, QuickBooks, Mint and Turbo, announced it has entered into an agreement to acquire Origami Logic, a marketing analytics company that helps teams master their marketing performance by letting them see what’s working and what’s not, so they can optimize their efforts.
buyer: Intuit, Inc. (INTU:$7,837.00)
Intuit Inc. creates business and financial management solutions that simplify the business of life for small businesses, consumers and accounting professionals. Its flagship products and services include QuickBooks®, which make it easier to manage small businesses and tax preparation and filing. "
target: Origami Logic
Origami Logic is a marketing analytics company that helps teams master their marketing performance by letting them see what’s working and what’s not, so they can optimize their efforts.
price ($mm)
rev ($mm)
EBITDA ($mm)
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announced 12/5/2017 via BusinessWire

Intuit, Inc., will acquire TSheets

synopsis: Intuit Inc., a business and financial software company, is to acquire TSheets, a leading platform that small and medium businesses, self-employed, and accountants use to automate time tracking and scheduling for them and their workers.
buyer: Intuit, Inc. (INTU:$7,837.00)
Intuit Inc. creates business and financial management solutions that simplify the business of life for small businesses, consumers and accounting professionals. Its flagship products and services include QuickBooks®, which make it easier to manage small businesses and tax preparation and filing. "
target: TSheets
TSheets is a leading platform that small and medium businesses, self-employed, and accountants use to automate time tracking and scheduling for them and their workers.
price ($mm)
$340
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/26/2017 via BusinessWire

Intuit, Inc., will acquire Exactor

synopsis: Intuit Inc., a business and financial software company, has signed an agreement to acquire Exactor, a leading cloud-based SaaS technology provider of sales and use tax calculation and filing. Intuit plans to integrate this feature into QuickBooks Online making it easy for its retail customers to accurately track and file sales tax returns on-time.
buyer: Intuit, Inc. (INTU:$7,837.00)
Intuit Inc. creates business and financial management solutions that simplify the business of life for small businesses, consumers and accounting professionals. Its flagship products and services include QuickBooks®, which make it easier to manage small businesses and tax preparation and filing. "
target: Exactor
Exactor is revolutionizing sales tax compliance by providing the next-generation, end-to-end solution for secure, reliable and accurate sales tax compliance efforts, including tax calculation, record keeping and tax processing.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/12/2016 via BNC Analysis

Intuit, Inc., acquired Bankstream

synopsis: Intuit QuickBooks, the world’s leading online accounting software, announced its acquisition of Bankstream, a company that provides direct connections between banks and accountants, and their clients’ data. Bankstream’s relationships with UK banks will provide QuickBooks users with a direct connection to their accounts.
buyer: Intuit, Inc. (INTU:$7,837.00)
Intuit Inc. creates business and financial management solutions that simplify the business of life for small businesses, consumers and accounting professionals. Its flagship products and services include QuickBooks®, which make it easier to manage small businesses and tax preparation and filing. "
target parent: MTS Global Limited
target: Bankstream
Through secure connections with participating banks, Bankstream enables accountants to receive their clients’ bank transactions every day, and automatically process these transactions using Bankstream’s ICAEW accredited software.
price ($mm)
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closed 4/1/2016 via PR Newswire

Welsh, Carson, Anderson & Stowe, acquired QuickBase

synopsis: Welsh, Carson, Anderson & Stowe, a leading technology-focused private equity firm, announced it has completed the transaction with Intuit Inc. to acquire its QuickBase business. QuickBase provides an industry-leading low-code development platform to enable the creation and rapid deployment of customized, purpose-built cloud applications.
buyer: Welsh, Carson, Anderson & Stowe
WCAS focuses its investment activity in two target industries: technology and healthcare. Since its founding in 1979, WCAS has organized 16 limited partnerships with total capital of over $22 billion. WCAS has a current portfolio of approximately twenty-five companies. "
target parent: Intuit, Inc.
target: QuickBase
QuickBase is focused on helping businesses of all sizes drive productivity and digitally transform their organizations. The platform's unique low-code interface enables users to create custom applications faster and easier without learning code.
price ($mm)
rev ($mm)
$70
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
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
announced 1/15/2016 via Market Wire

Internet Brands, Inc., will acquire Demandforce, Inc.

synopsis: Internet Brands, a fully integrated online media and software services organization focused on four high-value vertical categories, announced it will acquire Demandforce, a leading marketing software service provider. Demandforce's award-winning products help build businesses a strong online reputation and leverage local network marketing.
buyer parent: Kohlberg Kravis Roberts & Co.
buyer: Internet Brands, Inc. (:$107.45)
Internet Brands® is a fully integrated online media and software services organization focused on four high-value vertical categories: Automotive, Health, Legal and Home / Travel. Internet Brands' powerful, proprietary operating platform provides the scalability to fuel the company's growth. "
target parent: Intuit, Inc.
target: Demandforce, Inc.
Demandforce is a leading online marketing and communication software service that helps local businesses thrive in the Internet economy. Demandforce's award-winning products help build businesses a strong online reputation and leverage local network marketing.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/25/2015 via BNC Analysis

Intuit, Inc., acquired Playbook HR

synopsis: Intuit, a leading provider of business and financial management solutions for small and mid-sized businesses, acquired Playbook HR, a platform for organizing independent workforces. Their initial product is an applicant tracking system, but they are moving into workforce management, and eventually, performance management, payroll, and benefits.
buyer: Intuit, Inc. (INTU:$7,837.00)
Intuit is a leading provider of business and financial management solutions for small and mid-sized businesses, consumers and accounting professionals. Its flagship products and services, simplify small business management and payroll processing, personal finance, and tax preparation and filing. "
target: Playbook HR
Playbook HR is platform for organizing independent workforces. Their initial product is an applicant tracking system, but they are moving into workforce management, and eventually, performance management, payroll, and benefits.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/5/2015 via Company Press Release

Intuit, Inc., will acquire Porticor

synopsis: Intuit, a leading provider of business and financial management solutions for small and mid-sized businesses, has agreed to buy Porticor. Porticor infuses trust into the cloud with secure, easy to use, and scalable solutions for data encryption and key management.
buyer: Intuit, Inc. (INTU:$7,837.00)
Intuit is a leading provider of business and financial management solutions for small and mid-sized businesses, consumers and accounting professionals. Its flagship products and services, simplify small business management and payroll processing, personal finance, and tax preparation and filing. "
target: Porticor
Porticor infuses trust into the cloud with secure, easy to use, and scalable solutions for data encryption and key management. Porticor enables companies of all sizes to safeguard their data, comply with regulatory standards, and streamline operations.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/14/2014 via BNC Analysis

Intuit, Inc., acquired itDuzzit

synopsis: Intuit has acquired itDuzzit, a cloud integration platform that offers pre-built integration solutions and connectors for several cloud (web) applications. Their drag-and-drop configurator let's users integrate their apps in minutes.
buyer: Intuit, Inc. (INTU:$7,837.00)
Intuit is a leading provider of business and financial management solutions for small and mid-sized businesses, consumers and accounting professionals. Its flagship products and services, simplify small business management and payroll processing, personal finance, and tax preparation and filing. "
target: itDuzzit
itDuzzit is a cloud integration platform that offers pre-built integration solutions and connectors for several cloud (web) applications. Their drag-and-drop configurator let's users integrate their apps in minutes.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/7/2014 via Company Press Release

Intuit, Inc., acquired PaySuite

synopsis: PaySuite has announced its acquisition by Intuit. PaySuite is a cloud-based, self-service payroll software provider. PaySuite's features includes Bacs, PAYE and NI calculations, electronic payslips, full reporting, P45, pensions, real time information, unlimited employees, unlimited payrolls, and more.
buyer: Intuit, Inc. (INTU:$7,837.00)
Intuit is a leading provider of business and financial management solutions for small and mid-sized businesses, consumers and accounting professionals. Its flagship products and services, simplify small business management and payroll processing, personal finance, and tax preparation and filing. "
target: PaySuite
PaySuite is a cloud-based, self-service payroll software provider. PaySuite's features includes Bacs, PAYE and NI calculations, electronic payslips, full reporting, P45, pensions, real time information, unlimited employees, unlimited payrolls, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/16/2014 via BusinessWire

Intuit, Inc., acquired Check Inc.

synopsis: Intuit Inc. has acquired Check, a leader in mobile bill pay that serves 10 million registered users. The acquisition will help accelerate Intuit’s ability to offer bill pay across small business and personal finance products and create opportunities to retain, attract and serve additional customers.
buyer: Intuit, Inc. (INTU:$7,837.00)
Intuit is a leading provider of business and financial management solutions for small and mid-sized businesses, consumers and accounting professionals. Its flagship products and services, simplify small business management and payroll processing, personal finance, and tax preparation and filing. "
target: Check Inc.
Launched in 2008, Check is a leading mobile payments company. Its free, top-rated mobile app is used by more than 10 million customers to pay bills and track personal finances. Check is headquartered in Palo Alto, CA.
price ($mm)
$342
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/8/2014 via BNC Analysis

Intuit, Inc., acquired Lettuce, Inc.

synopsis: Intuit has announced their acquisition of Lettuce, Inc., a platform for companies to manage both orders and inventory online. Lettuce offers a simple online inventory and order management system for people who want to get rid of the repetitive data entry, and instead focus on growing their business.
buyer: Intuit, Inc. (INTU:$7,837.00)
Intuit is a leading provider of business and financial management solutions for small and mid-sized businesses, consumers and accounting professionals. Its flagship products and services, simplify small business management and payroll processing, personal finance, and tax preparation and filing. "
target: Lettuce, Inc.
Lettuce is the simple online inventory and order management system for people who want to get rid of the repetitive data entry, and instead focus on growing their business. Their order management software is online-based.
price ($mm)
$30
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/9/2014 via Company Press Release

Demandforce, Inc., will acquire CustomerLink Systems

synopsis: CustomerLink has announced that it is going to join Demandforce, an Intuit company that connects clients to over 100 million consumers via email communications, text messaging and online services. Customerlink Systems, Inc. provides automated marketing programs to automotive repair facilities and other service industries in the United States.
buyer parent: Intuit, Inc.
buyer: Demandforce, Inc.
Founded in 2003 and headquartered in San Francisco, CA, Demandforce's flagship product, Demandforce, connects Demandforce clients to over 100 million consumers via email communications, text messaging and online services. "
target: CustomerLink Systems
Customerlink Systems, Inc. provides automated marketing programs to automotive repair facilities and other service industries in the United States. It also offers a suite of automated online auto repair marketing services to help the client manage online reputation.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/4/2013 via BNC Analysis

Intuit, Inc., will acquire Docstoc

synopsis: Intuit has agreed to acquire Docstoc. The company provides a platform to upload, share and even sell documents, and maintains an ever-growing repository of both free and purchasable legal, business, financial, technical, and educational documents that can be easily searched, previewed and downloaded.
buyer: Intuit, Inc. (INTU:$7,837.00)
Intuit is a leading provider of business and financial management solutions for small and mid-sized businesses, consumers and accounting professionals. Its flagship products and services, simplify small business management and payroll processing, personal finance, and tax preparation and filing. "
target: Docstoc
Docstoc provides a platform to upload, share and even sell documents, and maintains an ever-growing repository of both free and purchasable legal, business, financial, technical, and educational documents that can be easily searched, previewed and downloaded.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/30/2013 via BNC Analysis

Intuit, Inc., will acquire FullSlate

synopsis: Intuit, a leading provider of business and financial management solutions for small and mid-sized businesses, consumers and accounting professionals, is acquiring FullSlate, an online scheduling company that allows clients to offer their customers the ability to make appointments directly to web sites and Facebook pages.
buyer: Intuit, Inc. (INTU:$7,837.00)
Intuit is a leading provider of business and financial management solutions for small and mid-sized businesses, consumers and accounting professionals. Its flagship products and services, simplify small business management and payroll processing, personal finance, and tax preparation and filing. "
target: FullSlate
Full Slate offers comprehensive software-as-a-service scheduling, that allows clients to offer their customers the ability to make appointments directly to web sites and Facebook pages. Businesses pay a monthly subscription for a single practitioner for unlimited clients and unlimited appointments.
price ($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 4/22/2020 via BNC Analysis

Red Flag AB merged with Bokio AB,

synopsis: Bokio, a Swedish FinTech that develops free AI-driven accounting software, has merged with Stockholm-based competitor Red Flag. The companies will operate under the Bokio brand. Red Flag helps business owners automate their company by developing software solutions for activities such as invoicing, accounting, VATS reporting, and more.
buyer: Bokio AB
Bokio is a Swedish FinTech that develops AI-driven accounting software for small to medium-sized enterprises and self-employed clients. The company's free accounting software allows users to handle bookkeeping, create and send invoices, generate reports, and more from a single digital platform. "
target: Red Flag AB
Red Flag is a Swedish software solutions company for people who run small to medium-sized businesses. The company develops solutions that automate invoicing, accounting, archiving of paper, as well as handling VAT reports, annual accounts, and tax payments.
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 4/27/2017 via BNC Analysis

Syska, acquired Syska

synopsis: Syska is once again independent after completing a management buyout. Angelika Benes, Managing Director of Syska, acquired the company from its parent, Sage. Founded in 1992, Syska is a Karlsuhe, Germany-based provider of accounting software for small and medium-sized companies.
buyer: Syska
Syska GmbH, headquartered in Karlsruhe, Germany, specializes in the development of accounting software for small and medium-sized companies. Their user friendly accounting software is easy to use and can be integrated into existing IT environments. "
target parent: The Sage Group plc.
target: Syska
Syska GmbH, headquartered in Karlsruhe, Germany, specializes in the development of accounting software for small and medium-sized companies. Their user friendly accounting software is easy to use and can be integrated into existing IT environments.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
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

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($1.60)
EBIT ($mm)
($5.60)
Net Income ($mm)
Employees
310
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Ticker: WDAY
 
 
 
 
 
 
 
 
Workday, Inc.
Workday, Inc.
Workday is a leading provider of enterprise cloud applications for finance and human resources. Founded in 2005, Workday delivers financial management, human capital management, and analytics applications designed for the world's largest companies, educational institutions, and government agencies.
year
2020
rev ($mm)
$4,162.61
EBITDA ($mm)
$51.30
EBIT ($mm)
($242.38)
Net Income ($mm)
Employees
12400
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Ticker: HLAN
 
 
 
 
 
 
 
 
Hilan Ltd.
Hilan Ltd.
Hilan Ltd. is the leading ASP - Application Service Provider in Israel, for overall management of the human resource in the organization: payroll, human resources, time & attendance and pension administration.
year
2013
rev ($mm)
$122.16
EBITDA ($mm)
$22.24
EBIT ($mm)
$19.63
Net Income ($mm)
$13.89
Employees
300
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Ticker: ASX:RDY
 
 
 
 
 
 
 
 
ReadyTech Holdings Limited
ReadyTech Holdings Limited
ReadyTech is an Australian provider of people management software for employment and education. ReadyTech offers a complete student management system for institutions and training organisations. For employers they offer a complete payroll, HR admin and work health and safety management system.
year
2019
rev ($mm)
$22.12
EBITDA ($mm)
$1.02
EBIT ($mm)
($0.47)
Net Income ($mm)
Employees
160
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Ticker: VCSY
 
 
 
 
 
 
 
 
Vertical Computer Systems, Inc.
Vertical Computer Systems, Inc.
Vertical Computer Systems, Inc. is a provider of administrative software, Internet core technologies, and derivative software application products through its distribution network.
year
2009
rev ($mm)
$5.40
EBITDA ($mm)
($0.93)
EBIT ($mm)
($0.97)
Net Income ($mm)
$3.50
Employees
26
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Ticker: IACH
 
 
 
 
 
 
 
 
Information Architects Corporation
Information Architects Corporation
The company focuses on investigating acquisition partners and targets, as well as new business lines and services to add to existing software resources and enhance its ability to market its perceptre software asset.
year
2012
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
($1.66)
Net Income ($mm)
Employees
  • drill down
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Ticker: WSTM
 
 
 
 
 
 
 
 
Workstream
Workstream
Workstream Inc. supplies technology solutions and services to help employers improve Talent Acquisition and Talent Management. The company is a leader in Software as a Service (SaaS) solutions to help employers manage their workforces.
year
2012
rev ($mm)
$7.19
EBITDA ($mm)
($1.07)
EBIT ($mm)
($1.40)
Net Income ($mm)
$0.45
Employees
  • drill down
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Ticker: ASX:8CO
 
 
 
 
 
 
 
 
8common
8common
8common brings innovative enterprise software concepts to life, injecting a high-performing, product-driven culture and smart entrepreneurialism into every venture. 8common identifies, acquires and nurtures high potential businesses capable of startup agility and SaaS delivery.
year
2017
rev ($mm)
$2.91
EBITDA ($mm)
($0.12)
EBIT ($mm)
($0.41)
Net Income ($mm)
Employees
  • drill down
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Ticker: TSXV:YOO
 
 
 
 
 
 
 
 
Yangaroo, Inc.
Yangaroo, Inc.
Yangaroo is a software leader in media asset workflow and distribution solutions for advertising, music, and awards industries. Yangaroo’s patented Digital Media Distribution System is a leading secure business to business cloud-based platform that provides clearance, delivery, and API integration.
year
2020
rev ($mm)
$6.58
EBITDA ($mm)
$0.54
EBIT ($mm)
$0.47
Net Income ($mm)
$0.75
Employees
0
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Ticker: NZSE:GEO
 
 
 
 
 
 
 
 
GeoOp Ltd.
GeoOp is a fast-growing mobile workforce management software company. GeoOp offers complete job management all wrapped into a low cost, easy to use service, with premium support.
year
2015
rev ($mm)
$0.65
EBITDA ($mm)
($3.21)
EBIT ($mm)
($3.25)
Net Income ($mm)
Employees
40
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Ticker: ASX:DTC
 
 
 
 
 
 
 
 
Damstra
Damstra
Damstra is a global leader in workforce management, compliance, and safety management. Through their unique, integrated workplace management platform, Damstra delivers powerful solutions that radically transform the way organisations manage, track and protect the entire workplace.
year
2019
rev ($mm)
$12.80
EBITDA ($mm)
($0.80)
EBIT ($mm)
($1.94)
Net Income ($mm)
Employees
0
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Ticker: CSOD
 
 
 
 
 
 
 
 
Cornerstone OnDemand, Inc.
Cornerstone OnDemand, Inc.
Cornerstone OnDemand Inc. is a global leader in cloud-based learning and human capital management software. The company’s solutions help organizations to realize the potential of the modern workforce.
year
2020
rev ($mm)
$629.04
EBITDA ($mm)
$59.83
EBIT ($mm)
$25.83
Net Income ($mm)
Employees
2000
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Ticker: CSLT
 
 
 
 
 
 
 
 
Castlight Health, Inc.
Castlight offers a health benefits platform that engages employees to make better healthcare decisions and enables employers to communicate and evaluate their benefit programs.
year
2016
rev ($mm)
$93.12
EBITDA ($mm)
($62.93)
EBIT ($mm)
($65.98)
Net Income ($mm)
Employees
464
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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
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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
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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
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Ticker: ATSE:EPSIL
 
 
 
 
 
 
 
 
EpsilonNet
EpsilonNet
EpsilonNet is a group of companies in Greece engaged in business software, digital content, and vocational education. EpsilonNet offers accounting, tax, and payroll software solutions. EpsilonNet Training provides vocational education for executives, economists, finance managers, and accountants.
year
2020
rev ($mm)
$21.77
EBITDA ($mm)
$1.98
EBIT ($mm)
$2.45
Net Income ($mm)
$1.86
Employees
374
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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
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Ticker: MOBO
 
 
 
 
 
 
 
 
Mobile Lads Corp.
Mobile Lads Corp. designs and delivers secure wide-area wireless transaction software solutions for the consumer finance and payment processing industry sectors. Mobile Lads provides solutions for seamless access to time-sensitive information and data on multiple network standards.
year
2014
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
($0.04)
Net Income ($mm)
Employees
  • drill down
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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
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