Like Yodlee, Inc.

closed 11/19/2015 via BusinessWire

Envestnet, Inc., acquired Yodlee, Inc.

synopsis: Envestnet, Inc., a leading provider of unified wealth management technology and services to financial advisors, announced that the acquisition of Yodlee, Inc., the leading cloud-based platform driving digital financial innovation, has been completed.
buyer: Envestnet, Inc. (ENV:$900.13)
Envestnet, Inc. is a leading provider of unified wealth management technology and services to investment advisors. Their open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance and value. "
target: Yodlee, Inc. (YDLE:$103.99)
Yodlee is a leading technology and applications platform powering dynamic, cloud-based innovation for digital financial services. Yodlee solutions help transform the speed and delivery of financial innovation, improve digital customer experiences, and deepen customer engagement.
price ($mm)[EV]
$660 [$590]
rev ($mm)
$99
EBITDA ($mm)
EV / rev
6.0x
EV / EBITDA
announced 2/27/2017 via Company Press Release

Argus Information & Advisory Services, LLC, will acquire Fintellix Solutions Private Limited

synopsis: Verisk Analytics, Inc., a leading data analytics provider, has signed an agreement to acquire Fintellix, a Bangalore-based data solutions company specializing in the development of data management platforms and regulatory reporting solutions for financial institutions. Fintellix will become part of Argus, a Verisk Analytics business.
buyer parent: Verisk Analytics, Inc.
buyer: Argus Information & Advisory Services, LLC
Argus is a one-of-a-kind leading provider of information, scoring solutions, and advisory services to financial institutions across the globe. Their client base ranges from financial institutions and their regulators to various companies across the media industry and beyond. "
target: Fintellix Solutions Private Limited
Founded in 2006, Fintellix enables agility in risk and regulatory reporting practices in enterprise banks and lowered cost of compliance. Fintellix provides analytics, risk, and compliance solutions for the banking sector.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/9/2018 via PR Newswire

TD Bank Group, acquired Layer 6

synopsis: TD Bank Group has announced the acquisition of Layer 6 Inc., a world-renowned artificial intelligence (AI) company based in Toronto, Ontario. Layer 6 has emerged as a global thought-leader and pioneer in the delivery of responsive, personalized and insight-driven experiences for the financial services industry,
buyer: TD Bank Group (TSX:TD:$27,235.52)
The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group. TD is the sixth largest bank in North America by branches and serves more than 25 million customers in three key businesses operating in a number of locations in financial centres around the globe "
target: Layer 6
Layer 6 enables a financial institution to deploy the most advanced Machine Learning solutions through a world leading Artificial Intelligence prediction engine for enterprise data. The platform helps anticipate how to provide each customer with a better, more personalized experience in real-time.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/11/2019 via BNC Analysis

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

synopsis: TraQiQ, Inc announced that it has acquired Mann-India Technologies Pvt Ltd. Mann-India's product portfolio includes enterprise ready solutions for payment processing, mobile wallets, micro lending solutions and digital transformation. Mann-India also provides mobile application development services.
buyer: TraqIQ, Inc.
TraQiQ, Inc. is a global technology company with a suite of products designed to help identify customers, facilitate transactions and fulfill transactions. TraQiQ’s leading edge FinTech and AI solutions have been deployed with leading multi-national customers around the world. "
target: Mann-India Technologies Pvt. Ltd.
Mann-India Technologies Pvt Ltd. is a leading software development company headquartered in India with customers around the world. The company offers a suite of FinTech and mobility products. Mann-India offers a suite of Enterprise offerings that enable transactions in a seamless manner.
price ($mm)
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EV / EBITDA
closed 10/1/2009 via PR Newswire

Computer Services, Inc., acquired Myriad Systems, Inc.

synopsis: Computer Services, Inc. announced that it has acquired Myriad Systems, Inc. (MSI), a privately held company based in Oklahoma City, Oklahoma. MSI is a leading provider of print and mail, online document delivery, and item processing solutions for financial institutions across the United States.
buyer: Computer Services, Inc. (CSVI:$163.78)
Computer Services, Inc. (CSI) delivers core banking, payments processing, Internet, card services, risk assessment, fraud prevention, network management, and regulatory compliance solutions to over 4,600 financial institutions and corporate entities. "
target: Myriad Systems, Inc.
Myriad Systems, Inc. was founded in 1973 and provides customized programming and Information Management solutions to companies, from Small Businesses to Multinational Corporations. MSI provides solutions for printing, mailing, internet/intranet development, imaging and data archival.
price ($mm)
$13
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/15/2007 via BusinessWire

Goldleaf Financial Solutions, Inc., acquired Community Banking Systems

synopsis: Goldleaf Financial Solutions, Inc. a provider of a suite of technology-based products and services to community financial institutions, announced the acquisition of Community Banking Systems. CBS specializes in Check 21 solutions, including image import, image cash letter creation, substitute check creation and image quality assurance.
buyer: Goldleaf Financial Solutions, Inc.
Goldleaf Financial Solutions, Inc. offers a strategic suite of integrated technology and payment processing solutions to global financial institutions of all sizes. The company's products and services enable financial institutions to succeed in today's competitive market. "
target: Community Banking Systems
Community Banking Systems is a financial software development organization that provides community banks and credit unions with turnkey solutions for affordable, user-friendly imaging and back office products and services.
price ($mm)
$4.35
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/29/2012 via GlobeNewswire

Diversified Global Graphics Group, will acquire Sterling Financial Print Limited

synopsis: Diversified Global Graphics Group (DG3) announced that its DG3 (Group Holdings) Limited division (DG3 Europe) has agreed to acquire substantially all of the print related trade and assets of Sterling Financial Print Limited, the UK's leading end-to-end service supplier for financial print, data rooms, media and corporate communications.
buyer parent: Arsenal Capital Partners
buyer: Diversified Global Graphics Group
DG3 is a leader in environmental responsibility providing worldwide communications solutions in strategic geographic markets including New York, London, Hong Kong, Tokyo, Sydney, and Manila. "
target: Sterling Financial Print Limited
Sterling Financial Print Ltd is the UK's leading end-to-end service supplier for financial print, data rooms, media and corporate communications. It provides services for Corporate Finance, Financial Research, Financial Reporting, Commercial Communications and Information Management.
price ($mm)
rev ($mm)
EBITDA ($mm)
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EV / EBITDA
closed 10/1/2015 via BusinessWire

Markit Group Ltd., acquired CoreOne Technologies

synopsis: Markit, a provider of financial information services, announced the completion of its acquisition of CoreOne Technologies, a global leading provider of regulatory reporting, index management, data management and prime brokerage services to financial institutions.
buyer: Markit Group Ltd. (MRKT:$1,129.70)
Markit is a leading global diversified provider of financial information services. They provide products that enhance transparency, reduce risk and improve operational efficiency. Their customers include banks, central banks, regulators, auditors, fund administrators and insurance companies. "
target parent: Symphony Technology Group
target: CoreOne Technologies
CoreOne Technologies is a leading provider of regulatory reporting, index management, data management and prime brokerage services to financial institutions. CoreOne delivers proven capabilities in a hosted fashion, through its cutting-edge services RegOne, DeltaOne, VistaOne and PrimeOne.
price ($mm)
rev ($mm)
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EV / rev
EV / EBITDA
closed 6/3/2015 via BNC Analysis

NeoXam, acquired SmartCo

synopsis: NeoXam, a leading provider of investment management software and services, has acquired SmartCo, an innovative enterprise data management software company, advancing NeoXam’s strategy to deliver cost effective, highly configurable solutions to the global asset management community.
buyer parent: BlackFin Capital Partners
buyer: NeoXam
NeoXam provides front, middle and back-office solutions to the asset management industry. Benefiting from more than 25 years of experience, NeoXam enables clients to achieve new experience in asset management. "
target: SmartCo
SmartCo provides a global data management solution that covers most of the data area, including market data, corporate actions, indexes and benchmarks, third parties, funds and mandates, financial analysis, etc., as well as operational data for positions and transactions.
price ($mm)
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EBITDA ($mm)
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EV / EBITDA
closed 5/30/2012 via BusinessWire

Hitachi, Ltd., acquired eBworx Berhad

synopsis: Hitachi, Ltd. announced the take-over offer for shares of eBworx Berhad, a Malaysia-headquartered financial IT solutions company has been completed and that eBworx is now consolidated as a subsidiary of Hitachi. eBworx Berhad provides consulting and technology solutions to financial services industry.
buyer: Hitachi, Ltd. (TSE:6501:$84,160.95)
Hitachi, Ltd., headquartered in Tokyo, Japan, is a leading global electronics company with approximately 360,000 employees worldwide. Hitachi focuses on Social Innovation Business, which includes information and telecommunication systems, power systems, etc. "
target: eBworx Berhad
eBworx Berhad provides consulting and technology solutions to financial services industry. The company offers Digital Delivery Channels suite comprising digital branch delivery system, a Web-based customer centric system providing contact/prospect management and transaction set capability.
price ($mm)[EV]
$61 [$49]
rev ($mm)
$17
EBITDA ($mm)
$4
EV / rev
2.9x
EV / EBITDA
13.2x
closed 5/21/2009 via Market Wire

Broadridge Financial Solutions, Inc., acquired Access Data Corp.

synopsis: Broadridge Financial Solutions, Inc., a leading global provider of technology solutions to the financial services industry, announced the acquisition of Access Data Corp. Access Data's solutions provide enterprise-wide reporting and data management services to asset management firms and financial intermediaries.
buyer: Broadridge Financial Solutions, Inc. (BR:$4,338.00)
Broadridge Financial Solutions, Inc. is a leading global provider of technology-based outsourcing solutions to the financial services industry. Broadridge's systems and services include investor communication, securities processing, and clearing and outsourcing solutions. "
target: Access Data Corp.
Access Data Corp. is a Pittsburgh based leading provider of enterprise reporting and data management services for asset management firms and financial intermediaries.
price ($mm)
$45
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/9/2017 via Company Press Release

Charles Taylor InsureTech Limited, acquired Otak Limited

synopsis: Charles Taylor InsureTech (InsureTech) has acquired a majority stake in Otak, an insurance technology platform business specialising in delegated authority solutions. The transaction includes the intellectual property rights to Otak’s products, including Tide, which has been embedded in InsureTech’s delegated authority solution.
buyer parent: Charles Taylor plc
buyer: Charles Taylor InsureTech Limited
Charles Taylor InsureTech was established to help insurance businesses drive change through the delivery of technology-enabled solutions. Their core suite of Insite solutions help insurance businesses work smarter, faster and more efficiently across the value chain. "
target: Otak Limited
Otak is an insurance technology platform business specialising in delegated authority solutions. Otak develops the Tide solution which gives purpose to unstructured data entering the commercial insurance market.
price ($mm)
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EV / rev
EV / EBITDA
announced 9/14/2016 via BNC Analysis

IRESS Market Technology Limited, will acquire INET BFA

synopsis: IRESS, a principal supplier of sophisticated share market and wealth management systems, is acquiring INET BFA, Africa’s leading provider of financial data feeds and analysis tools. They cover African and global share prices, as well as company information including annual reports, financial statements and more.
buyer: IRESS Market Technology Limited (ASX:IRE:$292.95)
IRESS is a principal supplier of sophisticated share market and wealth management systems around the world. Innovative and extensive, IRESS solutions deliver streamlined data and workflow to financial markets and wealth management professionals. "
target parent: Naspers Ltd.
target: INET BFA
INET BFA is Africa’s leading provider of financial data feeds and analysis tools. They cover African and global share prices, as well as company information including annual reports, financial statements and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/2/2017 via PE Hub

Dynamo Software, acquired HoldingsInsight

synopsis: Dynamo Software, the premier provider of configurable, cloud-based investment management software for the alternative asset investment industry, announced that it has acquired HoldingsInsight, a portfolio investments data capture and reporting service.
buyer parent: Francisco Partners Management LLC
buyer: Dynamo Software
Dynamo Software has provided premium industry-specific, configurable investment management and reporting software for the global alternative assets industry since 1998, including fund administrators, endowments, pension funds, foundations, private equity and more. "
target: HoldingsInsight
HoldingsInsight is a portfolio investments data capture and reporting service founded in 2016, focusing on providing limited partners with better transparency into their portfolio, resulting in better risk management and superior investment decisions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/7/2015 via PR Newswire

CBOE Holdings, Inc., purchased Data And Analytics Platforms from Livevol, Inc.

synopsis: CBOE Holdings, Inc. has acquired the Livevol Core, Livevol Pro and Livevol X trading analytics platforms, as well as Livevol Enterprise and other market data solutions products from Livevol, Inc., a leading provider of equity and index options technology and market data services to professional and retail traders.
buyer: CBOE Holdings, Inc. (CBOE:$1,753.05)
CBOE Holdings, Inc. is the holding company for Chicago Board Options Exchange (CBOE), the CBOE Futures Exchange (CFE) and other subsidiaries. CBOE is the largest U.S. options exchange and creator of listed options. "
seller: Livevol, Inc.
Livevol Pro is a web-based equity and option analysis software. Livevol X is a high-performance trade execution platform. Livevol Enterprise is a data distribution platform that allows users to receive and display data and analytics in any format within their own system.
price ($mm)
$7.00
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/2/2016 via PR Newswire

TradeWeb Group LLC, acquired CodeStreet LLC

synopsis: Tradeweb Markets, a leading builder and operator of global fixed income and derivatives marketplaces, announced that it has acquired CodeStreet LLC, a leader in data-driven trade identification and workflow management software development.
buyer parent: Thomson Reuters
buyer: TradeWeb Group LLC
Tradeweb Markets builds and operates many of the world's most efficient financial marketplaces, providing market participants greater efficiency in fixed income, derivatives and ETFs. Tradeweb pioneered straight-through-processing in fixed income and supports marketplaces. "
target: CodeStreet LLC
CodeStreet has delivered leading fixed income front-office solutions to enhance riskless and risk-reducing business for the world's largest global banks and regional dealer community. CodeStreet technology helps bank and broker dealers by identifying previously overlooked trading opportunities.
price ($mm)
rev ($mm)
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EV / rev
EV / EBITDA
closed 5/13/2013 via BusinessWire

Guidewire Software, Inc., acquired Millbrook, Inc.

synopsis: Guidewire Software, Inc., a provider of software products for Property/Casualty (P/C) insurers, announced it has acquired Millbrook, Inc., a provider of data management and business intelligence solutions for P/C insurers. Millbrook will enable Guidewire customers to accelerate replacement of their legacy core systems & to improve data management.
buyer: Guidewire Software, Inc. (GWRE:$514.28)
Guidewire Software, Inc. provides system software to the property and casualty insurance industry primarily in the United States, Canada, and Australia. It provides Internet-based software platforms for core insurance operations. "
target: Millbrook, Inc.
Millbrook, Inc. is the number one provider of business intelligence and data warehousing solutions for mid-level insurance carriers, providing actionable business information and deep insurance and technology expertise to maximize bottom-line performance and minimize risk.
price ($mm)
$19
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/20/2018 via BNC Analysis

Ion Group, will acquire Fidessa group plc

synopsis: Ion Investment Group has agreed to buy UK rival Fidessa, with the British Fidessa trading technology group accepting a higher offer and switching its recommendation from a bid by Switzerland’s Temenos. Fidessa provides software and services for investment management systems, analytics and market data, serving both the buy-side and sell-side.
buyer: Ion Group
Based in Ireland, ION provides mission-critical trading and workflow automation software solutions to financial institutions, central banks, governments and corporations. They design solutions that improve decision-making, simplify complex processes, and empower people. "
target: Fidessa group plc (LSE:FDSA:$493.58)
Fidessa, which listed on the London Stock Exchange in 1997, provides software and services for investment management systems, analytics and market data, serving both the buy-side and sell-side. Its products include an order management system for equity markets.
price ($mm)[EV]
$2,152 [$2,020]
rev ($mm)
$505
EBITDA ($mm)
$94
EV / rev
4.0x
EV / EBITDA
21.4x
cancelled 4/20/2018 via BNC Analysis

Temenos Group AG, cancelled an acquisition of Fidessa group plc

synopsis: Ion Investment Group has agreed to buy UK rival Fidessa, with the British trading technology group accepting a higher offer and switching its recommendation from a bid by Switzerland’s Temenos. Fidessa provides software and services for investment management systems.
buyer: Temenos Group AG (SWX:TEMN:$901.75)
Temenos Group AG, headquartered in Geneva, is a market leading software provider, partnering with banks and other financial institutions to transform their businesses and stay ahead of a changing marketplace. Over 2,000 firms across the globe rely on Temenos to process the daily transactions. "
target: Fidessa group plc (LSE:FDSA:$493.58)
Fidessa, which listed on the London Stock Exchange in 1997, provides software and services for investment management systems, analytics and market data, serving both the buy-side and sell-side. Its products include an order management system for equity markets.
price ($mm)[EV]
$1,993 [$1,863]
rev ($mm)
$497
EBITDA ($mm)
$92
EV / rev
3.8x
EV / EBITDA
20.2x
closed 1/12/2015 via GlobeNewswire

Diversified Global Graphics Group, acquired Digital Publishing Solutions, Inc.

synopsis: Diversified Global Graphics Group, a leading provider of global print, technology, and visual communication services, announced the acquisition of the assets of Digital Publishing Solutions, Inc. (DPSI). They are a leading provider of cloud based document management and automated publishing technology.
buyer parent: Arsenal Capital Partners
buyer: Diversified Global Graphics Group
Diversified Global Graphics Group provides visual communications solutions in strategic geographic markets including New York, London, Hong Kong, Tokyo, and more. It provides its graphic and interactive solutions to corporate, financial services, and pharmaceutical firms worldwide. "
target: Digital Publishing Solutions, Inc.
Founded in 2001, Digital Publishing Solutions, Inc. (DPSI) provides traditional document management, EDGAR filing and financial print services to leading mutual funds, financial institutions and public companies. They also provide DPSIDox a cloud-based document management technology platform.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/26/2020 via PR Newswire

Envestnet | Yodlee, acquired FinBit.io

synopsis: Envestnet | Yodlee, a leading financial data and analytics platform, has acquired FinBit.io, an emerging financial data aggregation and analytics platform provider for the India and Asia market. FinBit.io uses AI to analyse bank transaction data at scale and serves a number of FinTech companies and banks.
buyer parent: Envestnet, Inc.
buyer: Envestnet | Yodlee (YDLE:$103.99)
Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. 13 of the 20 largest U.S. banks use their platform to power personalized financial apps and services for millions of consumers. "
target: FinBit.io
FinBit.io is an emerging financial data aggregation and analytics platform provider for the India and Asia market. FinBit.io uses AI to analyse bank transaction data at scale and serves a number of FinTech companies and banks for their advanced credit analytics needs via a scalable API and UI.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/24/2019 via PR Newswire

Envestnet | Yodlee, acquired Abe AI

synopsis: Envestnet | Yodlee, a leading data aggregation and analytics platform for digital financial services, has acquired Abe AI, a conversational banking solution for progressive banks. Abe AI's conversational solution utilizes the latest advancements in artificial intelligence (AI) to support, engage and acquire customers on conversational interfaces.
buyer parent: Envestnet, Inc.
buyer: Envestnet | Yodlee (YDLE:$103.99)
Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. 13 of the 20 largest U.S. banks use their platform to power personalized financial apps and services for millions of consumers. "
target: Abe AI
Abe AI is a conversational banking solution for progressive banks. Abe AI's conversational solution utilizes the latest advancements in artificial intelligence (AI) to support, engage and acquire customers on conversational interfaces like Amazon Alexa, Google Home, Facebook Messenger, SMS and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/19/2015 via BusinessWire

Envestnet, Inc., acquired Yodlee, Inc.

synopsis: Envestnet, Inc., a leading provider of unified wealth management technology and services to financial advisors, announced that the acquisition of Yodlee, Inc., the leading cloud-based platform driving digital financial innovation, has been completed.
buyer: Envestnet, Inc. (ENV:$900.13)
Envestnet, Inc. is a leading provider of unified wealth management technology and services to investment advisors. Their open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance and value. "
target: Yodlee, Inc. (YDLE:$103.99)
Yodlee is a leading technology and applications platform powering dynamic, cloud-based innovation for digital financial services. Yodlee solutions help transform the speed and delivery of financial innovation, improve digital customer experiences, and deepen customer engagement.
price ($mm)[EV]
$660 [$590]
rev ($mm)
$99
EBITDA ($mm)
EV / rev
6.0x
EV / EBITDA
closed 2/26/2020 via PR Newswire

Envestnet | Yodlee, acquired FinBit.io

synopsis: Envestnet | Yodlee, a leading financial data and analytics platform, has acquired FinBit.io, an emerging financial data aggregation and analytics platform provider for the India and Asia market. FinBit.io uses AI to analyse bank transaction data at scale and serves a number of FinTech companies and banks.
buyer parent: Envestnet, Inc.
buyer: Envestnet | Yodlee (YDLE:$103.99)
Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. 13 of the 20 largest U.S. banks use their platform to power personalized financial apps and services for millions of consumers. "
target: FinBit.io
FinBit.io is an emerging financial data aggregation and analytics platform provider for the India and Asia market. FinBit.io uses AI to analyse bank transaction data at scale and serves a number of FinTech companies and banks for their advanced credit analytics needs via a scalable API and UI.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/1/2019 via BusinessWire

Envestnet, Inc., acquired MoneyGuide Pro

synopsis: Envestnet, a leading provider of intelligent systems for wealth management and financial wellness, acquired PIEtech, Inc., the creator of the MoneyGuide family of financial planning applications. MoneyGuide is a leading goals-based financial planning application used by financial advisors.
buyer: Envestnet, Inc. (ENV:$900.13)
Envestnet, Inc. is a leading provider of intelligent systems for wealth management and financial wellness. Envestnet's unified technology empowers enterprises and advisors to more fully understand their clients and deliver actionable intelligence that drives better outcomes and improves lives. "
target: MoneyGuide Pro
PIEtech, Inc. is the creator of the MoneyGuide family of financial planning applications. MoneyGuide is a leading goals-based financial planning application used by financial advisors.
price ($mm)
$500
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/21/2019 via BusinessWire

Tamarac Inc., will purchase PortfolioCenter from Schwab Performance Technologies

synopsis: Envestnet | Tamarac announced that Tamarac has agreed to acquire PortfolioCenter, Schwab Performance Technologies’ portfolio management and reporting technology solution for independent registered investment advisers (RIAs).
buyer parent: Envestnet, Inc.
buyer: Tamarac Inc.
Envestnet | Tamarac, a division of Envestnet, Inc., is a leading provider of integrated, web-based portfolio rebalancing, performance reporting and customer relationship management software for independent advisors and wealth managers. "
seller parent: The Charles Schwab Corporation
seller: Schwab Performance Technologies
The acquisition includes PortfolioCenter, Schwab Performance Technologies’ portfolio management and reporting technology solution for independent registered investment advisers (RIAs).
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/24/2019 via PR Newswire

Envestnet | Yodlee, acquired Abe AI

synopsis: Envestnet | Yodlee, a leading data aggregation and analytics platform for digital financial services, has acquired Abe AI, a conversational banking solution for progressive banks. Abe AI's conversational solution utilizes the latest advancements in artificial intelligence (AI) to support, engage and acquire customers on conversational interfaces.
buyer parent: Envestnet, Inc.
buyer: Envestnet | Yodlee (YDLE:$103.99)
Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. 13 of the 20 largest U.S. banks use their platform to power personalized financial apps and services for millions of consumers. "
target: Abe AI
Abe AI is a conversational banking solution for progressive banks. Abe AI's conversational solution utilizes the latest advancements in artificial intelligence (AI) to support, engage and acquire customers on conversational interfaces like Amazon Alexa, Google Home, Facebook Messenger, SMS and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/2/2018 via BusinessWire

Envestnet, Inc., acquired FolioDynamix

synopsis: Envestnet, a leading provider of intelligent systems for wealth management and financial wellness, announced that it has acquired FolioDynamix, a provider of integrated wealth management technology solutions. FolioDynamix provides an end-to-end technology solution paired with a suite of advisory tools.
buyer: Envestnet, Inc. (ENV:$900.13)
Envestnet, Inc. is a leading provider of intelligent systems for wealth management and financial wellness. Envestnet's unified technology enhances advisor productivity and strengthens the wealth management process. Envestnet empowers enterprises to fully understand their clients. "
target parent: Actua Corporation
target: FolioDynamix
FolioDynamix is leading the evolution of the wealth management experience, with an end-to-end technology solution paired with a suite of advisory tools including model portfolios, research, and overlay management services.
price ($mm)
$195
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/10/2016 via PR Newswire

Envestnet, Inc., acquired Wheelhouse Analytics

synopsis: Envestnet announced that it has acquired Wheelhouse Analytics, a technology company that provides data analytics, mobile sales solutions, and online education tools to financial advisors and asset managers. Envestnet will deeply integrate Wheelhouse Analytics' tools, delivering online dashboards and reporting that provides actionable intelligence.
buyer: Envestnet, Inc. (ENV:$900.13)
Envestnet, Inc. is a leading provider of unified wealth management technology and services to investment advisors. Their open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance and value. "
target: Wheelhouse Analytics
Since its founding in 2010, Wheelhouse Analytics has created a set of solutions that empower financial services firms with tools to extract key business insights to run their business better and provide timely and focused support to advisors.
price ($mm)
rev ($mm)
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closed 11/19/2015 via BusinessWire

Envestnet, Inc., acquired Yodlee, Inc.

synopsis: Envestnet, Inc., a leading provider of unified wealth management technology and services to financial advisors, announced that the acquisition of Yodlee, Inc., the leading cloud-based platform driving digital financial innovation, has been completed.
buyer: Envestnet, Inc. (ENV:$900.13)
Envestnet, Inc. is a leading provider of unified wealth management technology and services to investment advisors. Their open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance and value. "
target: Yodlee, Inc. (YDLE:$103.99)
Yodlee is a leading technology and applications platform powering dynamic, cloud-based innovation for digital financial services. Yodlee solutions help transform the speed and delivery of financial innovation, improve digital customer experiences, and deepen customer engagement.
price ($mm)[EV]
$660 [$590]
rev ($mm)
$99
EBITDA ($mm)
EV / rev
6.0x
EV / EBITDA
closed 5/6/2015 via BusinessWire

Envestnet, Inc., acquired Finance Logix

synopsis: Envestnet, Inc., announced that it has acquired Finance Logix, a technology company that provides leading-edge financial planning and wealth management software solutions to banks, broker-dealers and RIA firms.
buyer: Envestnet, Inc. (ENV:$900.13)
Envestnet, Inc. is a leading provider of unified wealth management technology and services to investment advisors. Their open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance and value. "
target: Finance Logix
Finance Logix is a technology company that provides leading-edge financial planning and wealth management software solutions to banks, broker-dealers and RIA firms.
price ($mm)
$31
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/26/2015 via PR Newswire

Envestnet, Inc., acquired Upside

synopsis: Envestnet, Inc. has acquired Upside, a technology company providing digital advice solutions to financial advisors. Upside helps financial advisors compete against other digital advisors by leveraging technology and algorithms to advise, manage, and serve clients who want high quality, personalized investment services.
buyer: Envestnet, Inc. (ENV:$900.13)
Envestnet, Inc. is a leading provider of unified wealth management technology and services to investment advisors. Their open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance and value. "
target: Upside
Upside provides digital advice solutions to financial advisors. Their account platform provides advisors with paperless account opening, portfolio selection, automated trading and rebalancing, client and advisor portals, and practice analytics in an intuitive, design-led user interface.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/1/2013 via PR Newswire

Envestnet, Inc., acquired Prudential Wealth Management Solutions

synopsis: Envestnet, Inc. announced that it has completed the acquisition of the assets of the Wealth Management Solutions (“WMS”) division of Prudential Investments. The combination of WMS and Envestnet will provide clients of WMS with an even stronger technology and wealth management platform.
buyer: Envestnet, Inc. (ENV:$900.13)
Envestnet, Inc. is a leading provider of technology-enabled wealth management solutions to financial advisors. Envestnet's technology is focused on addressing financial advisors' front-, middle- and back-office needs. "
target parent: Prudential Financial, Inc.
target: Prudential Wealth Management Solutions
Prudential Wealth Management Solutions helps financial firms envision, design, and implement their wealth management offerings, and helps optimize their workflow to improve growth and profitability. Solutions include: Integrated wealth platform; Research services; and Advisor development.
price ($mm)
$9.50
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/1/2012 via BusinessWire

Envestnet, Inc., acquired Tamarac Inc.

synopsis: Envestnet, Inc., a provider of integrated wealth management solutions for financial advisors, announced the completion of its acquisition of Tamarac, Inc., a provider of sophisticated portfolio management technology that enables Registered Investment Advisors to efficiently deliver customized individual account management to their clients.
buyer: Envestnet, Inc. (ENV:$900.13)
Envestnet, Inc. is a leading provider of technology-enabled wealth management solutions to financial advisors. Envestnet's technology is focused on addressing financial advisors' front-, middle- and back-office needs. "
target: Tamarac Inc.
Tamarac provides an integrated, web-based suite of portfolio and client management software for independent advisors and wealth managers. Tamarac’s technology offering is further complemented by a range of outsourced portfolio accounting services.
price ($mm)
$54
rev ($mm)
$9
EBITDA ($mm)
EV / rev
5.7x
EV / EBITDA
closed 4/5/2012 via BusinessWire

Envestnet, Inc., acquired Prima Capital Holding, Inc.

synopsis: Envestnet, Inc., announced the completion of its acquisition of Prima Capital Holding, Inc., a provider of investment manager due diligence, research applications, asset allocation modeling and multi-manager portfolios to the wealth management and retirement industries.
buyer: Envestnet, Inc. (ENV:$900.13)
Envestnet, Inc. is a leading provider of technology-enabled wealth management solutions to financial advisors. Envestnet's technology is focused on addressing financial advisors' front-, middle- and back-office needs. "
target parent: Broadridge Financial Solutions, Inc.
target: Prima Capital Holding, Inc.
Prima Capital Holding, Inc. is a leading provider of due diligence, research applications, asset allocation modeling, and multi-manager portfolios to the wealth management and retirement industries.
price ($mm)
$14
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/6/2019 via PR Newswire

Morningstar, Inc., will acquire AdviserLogic Group

synopsis: Morningstar Australasia Pty Limited, an Australian subsidiary of Morningstar, Inc., a leading provider of independent investment research, will acquire AdviserLogic, an Australian adviser software firm. AdviserLogic's cloud-based, financial planning software serves independent financial advisers in Australia.
buyer: Morningstar, Inc. (MORN:$1,179.00)
Morningstar, Inc. is a leading provider of independent investment research. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the private capital markets. "
target: AdviserLogic Group
AdviserLogic is an Australian adviser software firm. Its cloud-based, financial planning software serves independent financial advisers. AdviserLogic's open architecture software platform delivers an end-to-end planning solution that encompasses best in class training and support.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/11/2019 via BusinessWire

Orion Advisor Services, LLC, will acquire Advizr

synopsis: Orion Advisor Services, LLC , a portfolio management solution provider for registered investment advisors, will acquire Advizr, Inc., a financial planning and client experience technology platform. Advizr's technology enables advisors, financial institutions, and employers to engage investors in various ways, depending on their service model.
buyer parent: TA Associates
buyer: Orion Advisor Services, LLC
Orion Advisor Services, LLC is the premier portfolio accounting service provider for advisors. Orion provides the integrated and fully customizable technology solutions that advisors need to help grow their businesses over the long term. "
target: Advizr
Advizr creates software that will expand consumer and advisor access to high-quality financial planning services in an accessible format. The powerful, automated, interactive financial planning solution empowers advisors to serve their clients in a cost-effective way, regardless of net worth.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/1/2019 via BusinessWire

Envestnet, Inc., acquired MoneyGuide Pro

synopsis: Envestnet, a leading provider of intelligent systems for wealth management and financial wellness, acquired PIEtech, Inc., the creator of the MoneyGuide family of financial planning applications. MoneyGuide is a leading goals-based financial planning application used by financial advisors.
buyer: Envestnet, Inc. (ENV:$900.13)
Envestnet, Inc. is a leading provider of intelligent systems for wealth management and financial wellness. Envestnet's unified technology empowers enterprises and advisors to more fully understand their clients and deliver actionable intelligence that drives better outcomes and improves lives. "
target: MoneyGuide Pro
PIEtech, Inc. is the creator of the MoneyGuide family of financial planning applications. MoneyGuide is a leading goals-based financial planning application used by financial advisors.
price ($mm)
$500
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/30/2018 via BusinessWire

Principal Financial Group, will acquire RobustWealth

synopsis: Principal Financial Group, a provider of retirement and asset management solutions, will acquire RobustWealth. RobustWealth is a digital wealth management platform built by and for investment advisors. It integrates previously modular features into one seamless suite that advisors can leverage to optimize their practice on their clients’ behalf.
buyer: Principal Financial Group (PFG:$13,927.40)
Principal helps people and companies build, protect and advance their financial well-being through retirement, insurance and asset management solutions that fit their lives. They offer innovative ideas, investment expertise and real-life solutions to make financial progress possible. "
target: RobustWealth
RobustWealth is a digital wealth management platform built by and for investment advisors, and engineered to satisfy their unique needs. It integrates previously modular features into one seamless suite that advisors can leverage to optimize their practice on their clients’ behalf.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/10/2018 via Company Press Release

Equisoft, acquired Planist Ltd.

synopsis: Equisoft, a leading global provider of digital business solutions for the insurance and wealth industries, announced the acquisition of Montreal-based Planist Ltd. Planist offers a unique financial portal that provides access to all the analytical tools needed to create comprehensive financial plans and strategies.
buyer: Equisoft
Equisoft provides advanced digital business solutions that optimize processes, increase revenue and enable growth for the life insurance and wealth management industries. All Equisoft software systems are developed for optimal scalability and configurability to empower clients. "
target: Planist Ltd.
Planist offers a unique financial portal that provides access to all the analytical tools needed to create comprehensive financial plans and strategies. Planist is dedicated to helping financial services professionals deliver the best possible financial planning analysis, tools, and recommendations.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/15/2017 via PR Newswire

AdvisorEngine, acquired Wealthminder

synopsis: AdvisorEngine, the innovative digital wealth management platform that has become a leader in the financial services industry, announced that it has purchased the technology assets and intellectual property of Wealthminder, a cloud-based offering that enables financial advisors to collaborate with clients to help them reach their financial goals.
buyer: AdvisorEngine
AdvisorEngine, a pioneer in digital wealth management tech, was the first company to integrate private-label robo-advice within a full enterprise B2B digital wealth management tech platform. It integrates online & traditional wealth management processes & workflows to help advisors serve clients. "
target: Wealthminder
Wealthminder is a cloud-based offering that enables financial advisors to collaborate with clients to help them reach their financial goals. Wealthminder's mission is to make financial planning simpler for financial firms and their clients.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/16/2016 via BNC Analysis

RL360°, will acquire Ardan International Limited

synopsis: Rowan Dartington has agreed to sell its Isle of Man-based international platform business, Ardan International, to the RL360° Group. Ardan International is one of the few independent wealth platforms designed specifically to be used by financial advisers with expatriate clients and features such international-client-friendly advantages.
buyer: RL360°
RL360° provides offshore savings, protection and investment products to expats and local nationals around the world. For example, their flagship regular savings product Quantum is an affordable and flexible solution for those who want to save for their future. "
target parent: Rowan Dartington Holdings
target: Ardan International Limited
Ardan International, based in the Isle of Man, is one of the few independent wealth platforms designed specifically to be used by financial advisers with expatriate clients and features such international-client-friendly advantages.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/28/2016 via Company Press Release

FTV Capital, purchased a minority stake in True Potential LLP

synopsis: True Potential LLP, the leading UK-based integrated investor and wealth management technology platform serving advisers and retail clients in the UK, announced it had sold a significant minority share of its group business to FTV Capital, its first institutional investor.
buyer: FTV Capital
FTV Capital is a growth equity investment firm that has raised over $1.8 billion since inception to invest in high-growth companies offering a range of innovative solutions in three sectors: enterprise solutions, financial services, and payments/transaction processing. "
target: True Potential LLP
True Potential LLP is the leading UK-based integrated investor and wealth management technology platform serving advisers and retail clients in the UK.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/6/2015 via BusinessWire

Envestnet, Inc., acquired Finance Logix

synopsis: Envestnet, Inc., announced that it has acquired Finance Logix, a technology company that provides leading-edge financial planning and wealth management software solutions to banks, broker-dealers and RIA firms.
buyer: Envestnet, Inc. (ENV:$900.13)
Envestnet, Inc. is a leading provider of unified wealth management technology and services to investment advisors. Their open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance and value. "
target: Finance Logix
Finance Logix is a technology company that provides leading-edge financial planning and wealth management software solutions to banks, broker-dealers and RIA firms.
price ($mm)
$31
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/18/2014 via PR Newswire

Vanare LLC, acquired NestEgg Wealth, Inc.

synopsis: Vanare, a next-generation wealth management technology platform for investment advisors, announced the acquisition of NestEgg Wealth. NestEgg is an online wealth management platform to help people save and invest, and to help financial advisors reach out, communicate, and serve these investors.
buyer: Vanare LLC
Vanare is a wealth management platform for investment advisors to help grow their business. As the only technology platform to fully integrate Online Wealth Management, and CRM in a seamless solution, Vanare offers RIAs a comprehensive, experience with flexibility across workflows. "
target: NestEgg Wealth, Inc.
NestEgg is an online wealth management platform to help people save and invest, and to help financial advisors reach out, communicate, and serve these investors. They help clients save, invest and plan for the future using the same tools developed by Wall Street banks for their wealthiest clients.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/8/2012 via BNC Analysis

Rubik Financial Limited, acquired COIN Software

synopsis: Australian financial software and technology provider Rubik Financial Ltd. has acquired Coin Software Pty. Coin is Macquarie’s financial planning software business, which provides technology to financial advisers and mortgage brokers.
buyer: Rubik Financial Limited (ASX:RFL:$33.30)
Rubik delivers low cost, hosted ‘bank in a box’ services. Rubik aims to lower the cost of delivering banking services by decreasing the cost and effort in the technology platform required to meet APRA requirements. "
target parent: Macquarie Group Limited
target: COIN Software
COIN Software is Macquarie’s financial planning software business, providing smart technology for financial advisers and mortgage brokers who want to work smarter, not harder. COIN supports around 15,000 financial advisers and administration staff across Australia.
price ($mm)
$24
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/21/2012 via PR Newswire

Objectway Financial Software S.p.A, will acquire eXimius

synopsis: Objectway Financial Software S.p.A, a leading Italian software provider for financial institutions which is currently expanding in Europe, announced that it has signed a definitive agreement to acquire the eXimius business of Thomson Reuters. eXimius provides a private client wealth management platform.
buyer: Objectway Financial Software S.p.A
Objectway Financial Software S.p.A is a leader in software applications and technology services for financial markets and other corporates in Italy and Europe. The group consists of two companies: ObjectWay Financial Software SpA - the parent company - and ObjectWay iTec SpA. "
target parent: Thomson Reuters
target: eXimius
eXimius is a front-office investment, wealth, and relationship management workflow application. It provides an easy-to-use decision support platform for the efficient and effective management of client assets.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/27/2015 via PR Newswire

Manulife, acquired Guide Financial

synopsis: John Hancock Financial, a division of Manulife, announced that it has acquired Guide Financial, Inc., a software provider for financial advisors. Guide Financial builds software that enables investors to make better financial decisions and build wealth, utilizing artificial intelligence, behavioral finance, and seamless advisor integration.
buyer: Manulife (TSX:MFC:$44,261.87)
Manulife is a leading financial services group with operations in Asia, Canada and the United States. Manulife's international network of employees, agents and distribution partners offers financial protection and wealth management products and services. "
target: Guide Financial
Guide Financial is a software company that enables financial advisors and institutions to help clients build assets and manage their full financial lives - utilizing artificial intelligence, behavioral finance, and seamless advisor integration.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/25/2018 via Company Press Release

CAD IT S.p.A., acquired Desarrollo de Productos Informáticos S.A.

synopsis: CAD IT, a leader in the Italian financial software market, has acquired a 74.5% stake in Desarrollo de Productos Informáticos S.A. (DPI), a leading provider of software solutions to financial companies in Spain. DPI offers wealth management and investment management solutions to banks, insurance companies, and other financial companies.
buyer: CAD IT S.p.A. (BIT:CAD:$74.33)
CAD IT is a dynamic Italian technology company with a leading position in financial services software. Area Finanza, their flagship product, is a securities trading and post-trading process management system. CAD IT customers includes Banks, Insurances, Funds, Brokers, Enterprises, and more. "
target: Desarrollo de Productos Informáticos S.A.
Founded in 1991, Desarrollo de Productos Informáticos S.A. (DPI) is a leading provider of software solutions to financial companies in Spain. DPI offers wealth management and investment management solutions to banks, insurance companies, investment institutions, and other financial companies.
price ($mm)
$4.63*
rev ($mm)
$4
EBITDA ($mm)
EV / rev
1.5x
EV / EBITDA
closed 1/4/2017 via PR Newswire

NewSpring Capital, acquired Vertical Management Systems

synopsis: NewSpring Holdings, LLC announced the completion of the acquisition of Vertical Management Systems, Inc. (VMS), headquartered in Pasadena, CA. VMS is a technology innovation firm which provides integrated solutions to solve today's key issues like fiduciary risk, fee transparency, and revenue reconciliation.
buyer: NewSpring Capital
NewSpring Capital invests in dynamic companies with the goal of partnering with management teams to develop their businesses into market leaders. Founded in 1999, NewSpring Capital manages more than $1 billion in capital across its four distinct investment strategies. "
target: Vertical Management Systems
Vertical Management Systems is a technology innovation firm bringing best-in-class solutions to a financial services industry in need of change. They provide easy-to-implement, integrated solutions that solve for today’s key issues like fiduciary risk, fee transparency, and revenue reconciliation.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/1/2012 via BNC Analysis

Equiniti Limited, acquired Peter Evans Associates

synopsis: The Equiniti Group, a leading financial and business services outsourcing provider, announces the acquisition of leading technology provider for financial services firms, peterevans. peterevans is a leading independent provider of front to back office solutions for the financial services sector.
buyer: Equiniti Limited (LSE:EQN:$669.57)
Equiniti is a strategic partner to leading businesses, delivering complete commercial solutions in share registration, employee benefits, investment services and outsourced specialist tasks. "
target: Peter Evans Associates
Peter Evans offers packaged solutions for a wide range of back office applications, within the Securities and Investment Industry. The flexible business rules allow the software to be configured to meet specific business processes with a minimum of compromise.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/11/2008 via BusinessWire

FolioDynamix, acquired SunGard Advisor Technologies

synopsis: Privately held FolioDynamix, a driver of innovation in unified managed accounts technology and services, announced its acquisition of SunGard Advisory Technologies Inc., a provider of investment management programs and wealth management platform solutions to financial services organizations nationwide.
buyer: FolioDynamix
FolioDynamix is an established leader in the fast growing managed account industry. Its FDx platform is a configurable, thin-client application with tools to manage a portfolio through the lifecycle of an account, including a fully proprietary tax lot. "
target parent: SunGard Data Systems Inc.
target: SunGard Advisor Technologies
SunGard Advisor Technologies, Inc. provides investment management programs and wealth management platform solutions for the financial services organizations. It offers Web-based asset consulting programs and back-office services for financial advisors and institutions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/23/2008 via BusinessWire

Odyssey Financial Technologies, acquired Xeye, Inc.

synopsis: Odyssey Financial Technologies, the leading provider of wealth and asset management software solutions, has acquired Xeye, a leading provider of wealth management technology in the North American market. Xeye provides advanced solutions to top wealth management institutions from its base in Mississauga, Canada.
buyer: Odyssey Financial Technologies
Odyssey is an industry leader in the global provision of wealth and asset management solutions and services. Odyssey focuses on providing a comprehensive range of components for portfolio management, advisory, customer relationship, compliance, risk, and analytics. "
target: Xeye, Inc.
x.eye Incorporated provides wealth management technology solutions for the financial services industry in North American market. Its products include WealthManager, a wealth management platform that contains suite of business solutions for financial institutions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/2/2008 via BusinessWire

SciVantage, Inc., acquired Unger Software

synopsis: Scivantage, a leading provider of web-based, front- and middle-office technology solutions to the financial services industry, has acquired the assets of Unger Software Corporation, a provider of financial planning software. Unger Software will become a new division of Scivantage. The division will be re-branded as Financial Guidance.
buyer: SciVantage, Inc.
Scivantage is the premier provider of web-based, front- and middle-office brokerage products.Leveraging your existing back office, Scivantage’s easy and affordable platforms automate manual functions and integrate fundamental content into one fully customizable, straight-through-processed interface."
target: Unger Software
Unger Software (now, Financial Guidance Solutions, Inc.) develops and delivers financial guidance and planning software to corporate clients, individual advisors, and third party partners in the financial services industry.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/2/2020 via Company Press Release

Refinitiv, acquired SciVantage, Inc.

synopsis: Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, has acquired Scivantage, a SaaS provider of Digital Wealth Management and full End-to-End Tax solutions that delivers intelligent and actionable information that goes beyond the boundaries of traditional financial software.
buyer parent: London Stock Exchange Group
buyer: Refinitiv
Refinitiv is one of the world’s largest providers of financial markets data and infrastructure. They provide leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community. "
target: SciVantage, Inc.
Scivantage is a SaaS provider of Digital Wealth Management and full End-to-End Tax solutions. Scivantage delivers intelligent and actionable information that goes beyond the boundaries of traditional financial software, helping improve investment decisions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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Geography
Matching Companies
Ticker: LSE:GHT
 
 
 
 
 
 
 
 
Gresham Computing
Gresham Computing
Gresham Computing plc is a leading software and services company that specialises in providing real-time transaction control and enterprise data integrity solutions. Gresham’s Clareti software platform is designed to provide financial institutions with complete certainty in their data processing.
year
2018
rev ($mm)
$24.43
EBITDA ($mm)
($1.87)
EBIT ($mm)
($2.51)
Net Income ($mm)
Employees
138
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Ticker: ENV
 
 
 
 
 
 
 
 
Envestnet, Inc.
Envestnet, Inc.
Envestnet, Inc. is a leading provider of unified wealth management technology and services to investment advisors. Their open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance and value.
year
2019
rev ($mm)
$900.13
EBITDA ($mm)
$85.93
EBIT ($mm)
($3.30)
Net Income ($mm)
Employees
3920
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Ticker:
 
 
 
 
 
 
 
 
Bravura Solutions Limited
Bravura Solutions Limited
Bravura Solutions is a leading provider of software solutions for the wealth management, life insurance and fund administration industries, underpinned by functionally rich technology that enables modernisation, consolidation and simplification.
year
2019
rev ($mm)
$178.02
EBITDA ($mm)
$35.55
EBIT ($mm)
$29.37
Net Income ($mm)
$22.62
Employees
1351
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Ticker: PT
 
 
 
 
 
 
 
 
PINTEC
PINTEC
PINTEC is a leading independent technology platform enabling financial services in China. With its mission to "Power the Future of Finance", PINTEC aims to advance financial services by providing customizable and modular fintech solutions to its financial and business partners.
year
2018
rev ($mm)
$156.10
EBITDA ($mm)
$13.41
EBIT ($mm)
$12.65
Net Income ($mm)
$0.96
Employees
432
  • drill down
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Ticker:
 
 
 
 
 
 
 
 
Censof Holdings Berhad
Censof, an investment holding company, develops and markets financial management software in Malaysia and Indonesia. It operates Financial Management Software Solution, Payment Aggregation Solutions, Wealth Management Solutions, Training Solution, and Information Communication Technology segments.
year
2018
rev ($mm)
$18.80
EBITDA ($mm)
($1.81)
EBIT ($mm)
($1.93)
Net Income ($mm)
Employees
0
  • drill down
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Ticker: MORN
 
 
 
 
 
 
 
 
Morningstar, Inc.
Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, and institutions.
year
2019
rev ($mm)
$1,179.00
EBITDA ($mm)
$246.20
EBIT ($mm)
$189.60
Net Income ($mm)
$152.00
Employees
6737
  • drill down
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Ticker: 601519.SS
 
 
 
 
 
 
 
 
Shanghai Great Wisdom Co., Ltd.
Shanghai Great Wisdom Co., Ltd.
Great Wisdom provides services in the areas of financial database, real-time quotes transmission, real-time quotes reveal and investment analysis software, financial education system, information dissemination, Web and other areas of financial services platform.
year
2013
rev ($mm)
$92.77
EBITDA ($mm)
($76.41)
EBIT ($mm)
($68.57)
Net Income ($mm)
Employees
  • drill down
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Ticker: TSXV:ALY
 
 
 
 
 
 
 
 
AnalytixInsight
AnalytixInsight
AnalytixInsight Inc's Big Data Analytics platform helps transform data into narratives. Their flagship product Capital Cube provides high-quality financial research and content for investors, information providers, finance portals and media.
year
2016
rev ($mm)
$1.66
EBITDA ($mm)
($1.51)
EBIT ($mm)
($1.64)
Net Income ($mm)
Employees
  • drill down
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Ticker: ASX:IRE
 
 
 
 
 
 
 
 
IRESS Market Technology Limited
IRESS Market Technology Limited
IRESS Limited is an Australian software company specialising in the development of software systems and services for financial markets and wealth management.
year
2019
rev ($mm)
$292.95
EBITDA ($mm)
$66.10
EBIT ($mm)
$56.39
Net Income ($mm)
$37.49
Employees
2011
  • drill down
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Ticker: ASX:REV
 
 
 
 
 
 
 
 
Real Estate Investar
Real Estate Investar
Real Estate Investar is an Australian provider of products and services for property investors. Real Estate Investar helps people to find, analyse and track investment properties. Their platform provides users with all the tools, data and information they need to invest in property successfully.
year
2019
rev ($mm)
$0.59
EBITDA ($mm)
($0.38)
EBIT ($mm)
($0.63)
Net Income ($mm)
Employees
0
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Ticker: SSNC
 
 
 
 
 
 
 
 
SS&C Technologies, Inc.
SS&C Technologies, Inc.
SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry.
year
2019
rev ($mm)
$4,632.90
EBITDA ($mm)
$1,686.50
EBIT ($mm)
$930.30
Net Income ($mm)
$438.50
Employees
22800
  • drill down
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Ticker: BLK
 
 
 
 
 
 
 
 
BlackRock, Inc.
BlackRock, Inc.
BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. They help clients around the world meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares®, and more.
year
2019
rev ($mm)
$13,880.00
EBITDA ($mm)
$5,602.00
EBIT ($mm)
$5,300.00
Net Income ($mm)
$4,199.00
Employees
0
  • drill down
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Ticker: MKTX
 
 
 
 
 
 
 
 
MarketAxess Holdings, Inc.
MarketAxess Holdings, Inc.
MarketAxess operates a leading, institutional electronic trading platform delivering expanded liquidity opportunities, improved execution quality and significant cost savings across global fixed-income markets.
year
2019
rev ($mm)
$463.87
EBITDA ($mm)
$246.49
EBIT ($mm)
$224.84
Net Income ($mm)
$185.05
Employees
454
  • drill down
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Ticker: AIM:FDP
 
 
 
 
 
 
 
 
First Derivatives plc
First Derivatives plc
First Derivatives (FD) is a global technology provider with nearly 20 years of experience of working with some of the world’s largest finance, technology and energy institutions.
year
2017
rev ($mm)
$222.71
EBITDA ($mm)
$27.38
EBIT ($mm)
$21.19
Net Income ($mm)
$11.43
Employees
2000
  • drill down
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Ticker: BIT:CAD
 
 
 
 
 
 
 
 
CAD IT S.p.A.
CAD IT S.p.A.
CAD IT is a dynamic Italian technology company with a leading position in financial services software. Area Finanza, their flagship product, is a securities trading and post-trading process management system. CAD IT customers includes Banks, Insurances, Funds, Brokers, Enterprises, and more.
year
2018
rev ($mm)
$74.33
EBITDA ($mm)
$14.44
EBIT ($mm)
$7.75
Net Income ($mm)
$4.94
Employees
590
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Ticker: BIT:TAS
 
 
 
 
 
 
 
 
TAS Group S.p.A
TAS Group S.p.A
TAS S.p.A. a leading company in Italy in the supply of software and services for banking and financial applications, with a presence in Europe, the US and Latin America. TAS is specialised in software solutions for electronic money, payment systems, capital markets and Extended Enterprise.
year
2019
rev ($mm)
$55.41
EBITDA ($mm)
$2.30
EBIT ($mm)
$2.06
Net Income ($mm)
$0.79
Employees
415
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