Like Finivation Software, Inc.

closed 4/11/2018 via Company Press Release

AdvantEdge Analytics, acquired Finivation Software, Inc.

synopsis: CUNA Mutual Group's AdvantEdge Analytics announced it has acquired Finivation, a New York-based data systems integration and software company that offers real-time data integration for credit unions, community financial institutions and technology providers.
buyer parent: CUNA Mutual Group
buyer: AdvantEdge Analytics
AdvantEdge Analytics is a technology, data and analytics company that provides end-to-end solutions including data management, visualizations, predictive analytics, insight activation and consulting services to credit unions. "
target: Finivation Software, Inc.
Finivation specializes in systems integration and software development for credit unions, community banks and technology providers. Finivation's Concert banking integration platform helps financial institutions quickly and securely integrate, maintain and monitor disparate banking applications.
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announced 8/27/2019 via BusinessWire

Connect Financial Software Solutions, will purchase Symmetry eBanking Suite from Wescom Resources Group, LLC

synopsis: Wescom Resources Group, a Credit Union Service Organization of Wescom Credit Union that provides technology solutions for credit unions, announced the sale of its Symmetry eBanking suite, an integrated, omni-channel digital banking platform, to Connect Financial Software Solutions, a CUSO providing advanced enterprise digital banking services.
buyer: Connect Financial Software Solutions
Connect Financial Software Solutions is a Credit Union Service Organization (CUSO) providing advanced enterprise digital banking services, including account access, advanced payments, account opening, electronic document management, card controls, and deep core system integration. "
seller parent: Wescom Credit Union
seller: Wescom Resources Group, LLC
Wescom Resources Group provides credit unions with advanced technology solutions that increase their competitive edge. WRG offers UNITRI, one of the most robust service bureau solutions in the industry and Tellergy, a software solution that provides branch automation for today’s modern credit union.
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closed 6/18/2018 via BusinessWire

Finastra, acquired Malauzai Software

synopsis: Finastra, a company that provides the broadest portfolio of financial services software in the world today, has acquired Malauzai, a provider of mobile and Internet banking solutions for community financial institutions.
buyer parent: Vista Equity Partners
buyer: Finastra
Formed in 2017 by the merger of Misys and D+H, Finastra provides the broadest portfolio of financial services software in the world today—spanning corporate banking, retail banking, investment management, managed services, and treasury and capital markets. "
target: Malauzai Software
Based in Austin, TX, Malauzai Software is focused on delivering cool mobile and Internet banking SmartApps designed for community banks and credit unions that are easy to manage and easy to measure.
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announced 8/19/2015 via Company Press Release

CGI Group Inc., will acquire Solutions Only Financial Technologies

synopsis: CGI, the fifth largest independent information technology and business process services firm in the world, will acquire Solutions Only Financial Technologies Ltd., a leader in customized software products that maximize productivity, accuracy and revenue opportunity.
buyer: CGI Group Inc. (GIB:$9,802.75)
Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 68,000 professionals serve thousands of global clients from offices and delivery centers across the Americas, Europe and Asia Pacific. "
target: Solutions Only Financial Technologies
Solutions Only Financial Technologies Inc offers credit union business process software solutions. It is a leader in customized software products that maximize productivity, accuracy and revenue opportunity.
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announced 3/31/2014 via GlobeNewswire

Bottomline Technologies, will acquire Andera, Inc

synopsis: Bottomline Technologies, a leading provider of cloud-based payment, invoice and digital banking solutions, announced it will acquire Andera, a provider of innovative customer acquisition solutions that enables financial institutions to accelerate revenue growth through their intuitive online account opening and customer engagement capabilities.
buyer: Bottomline Technologies (EPAY:$450.74)
Bottomline Technologies provides cloud-based payment, invoice and digital banking solutions to corporations, financial institutions and banks around the world. The company's solutions are used to streamline, automate and manage processes involving payments and transactional documents. "
target: Andera, Inc
Andera is a Software as a Service company that simplifies account opening and lending for banks and credit unions with its award-winning oFlows platform. The company has opened millions of accounts for hundreds of banks and credit unions across the nation.
price ($mm)
$44
rev ($mm)
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closed 1/10/2014 via BusinessWire

NCR Corporation, acquired Digital Insight

synopsis: NCR Corporation, the global leader in consumer transaction technologies, announced that it has completed its previously-announced acquisition of Digital Insight Corporation, a leader in online and mobile banking solutions, from Thoma Bravo, LLC for $1.65 billion in cash.
buyer: NCR Corporation (NCR:$6,462.00)
NCR Corporation is a global technology company leading how the world connects, interacts and transacts with business. NCR’s assisted- and self-service solutions and comprehensive support services address the needs of retail, financial, healthcare, entertainment, and public sector organizations. "
target parent: Thoma Bravo, LLC
target: Digital Insight
Digital Insight helps financial institutions optimize their profitability by continuously innovating how consumers and businesses manage their money. Its on-demand financial management solutions are based on decades of customer insights.
price ($mm)
$1,645
rev ($mm)
$330
EBITDA ($mm)
EV / rev
5.0x
EV / EBITDA
closed 8/1/2013 via BusinessWire

Thoma Bravo, LLC, acquired Intuit Financial Services

synopsis: Thoma Bravo, a leading middle-market private equity firm, announced it completed the previously announced acquisition of Intuit Financial Services, a division of Intuit, Inc., to form a stand-alone company that provides digital banking and payments capabilities to financial institutions.
buyer: Thoma Bravo, LLC
Thoma Bravo, LLC is a leading private equity investment firm. Thoma Bravo invests across multiple industries, with a particular focus in enterprise and infrastructure software and financial and business services. "
target parent: Intuit, Inc.
target: Intuit Financial Services
Intuit Financial Services helps financial institutions optimize their profitability by continuously innovating how consumers and businesses manage their money. Their on-demand financial management solutions are based on decades of customer insights.
price ($mm)
$1,025
rev ($mm)
$305
EBITDA ($mm)
EV / rev
3.4x
EV / EBITDA
closed 3/12/2013 via Yahoo, Inc.

CUTASC, acquired Solutions Only Financial Technologies

synopsis: CUTASC announced it has acquired privately held Solutions Only Financial Technologies Inc (SOFT). SOFT offers credit unions tailor made, easy-to-deploy intuitive software solutions designed to transform customer acquisition, lending and internet banking business processes.
buyer: CUTASC
CU Technical & Administrative Services Corp (CUTASC) is a Vancouver based IT services business working with the Canadian credit union and community banking sectors. "
target: Solutions Only Financial Technologies
Solutions Only Financial Technologies Inc (SOFT), offers credit union business process software solutions. It is a leader in customized software products that maximize productivity, accuracy and revenue opportunity.
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closed 2/7/2007 via BusinessWire

Intuit, Inc., acquired Digital Insight

synopsis: Intuit Inc. has completed its acquisition of Digital Insight Corp. The acquisition closed on Feb. 6, following approval by Digital Insight’s stockholders. The total purchase price was approximately $1.33 billion, which includes options that were assumed by Intuit upon the closing of the acquisition.
buyer: Intuit, Inc. (INTU:$7,837.00)
Intuit is a leading provider of business and financial management solutions for small and mid-sized businesses, consumers and accounting professionals. Its flagship products and services, simplify small business management and payroll processing, personal finance, and tax preparation and filing. "
target: Digital Insight
Digital Insight Corporation is a leading Internet banking provider for visionary financial institutions. Digital Insight provides retail and commercial Internet banking.
price ($mm)
$1,261
rev ($mm)
$238
EBITDA ($mm)
$59
EV / rev
5.3x
EV / EBITDA
21.3x
closed 10/15/2020 via PR Newswire

CUNA Mutual Group, acquired CuneXus Solutions Inc.

synopsis: CUNA Mutual Group, an insurance, investment and financial services company, has acquired CuneXus, a digital lending platform. CuneXus helps credit unions and banks drive loan volume across all product categories and customer touchpoints. Their platform enables clients to deliver personalized online and mobile services to their customers.
buyer: CUNA Mutual Group
CUNA Mutual Group is a financially strong insurance, financial technology and investment company. CUNA Mutual Group offers commercial and personal insurance products; lending and payment security solutions; and retirement, investment and marketing services. "
target: CuneXus Solutions Inc.
CuneXus is an all-in-one digital lending platform. CuneXus helps credit unions and banks drive significant loan volume across all product categories and customer touchpoints. Their platform enables financial institutions to deliver personalized online and mobile services to their customers.
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closed 6/21/2018 via BusinessWire

Velocity Solutions, Inc., acquired Akouba

synopsis: Velocity Solutions, LLC, through a subsidiary, has completed the acquisition of substantially all the assets of Akouba Inc., a white label SaaS-based digital lending platform that enables financial institutions to underwrite loans quickly, efficiently, and profitably to small and medium-sized business (“SMB”) customers.
buyer parent: H.I.G. Capital
buyer: Velocity Solutions, Inc.
Velocity Solutions is the leading provider of revenue enhancement solutions to regional and community banks and credit unions. Servicing the transaction accounts of over 25 million consumers and business owners, they have expertise and insight in deposit account activity and transactional trends. "
target: Akouba
Akouba is the leading digital customer experience platform for small and medium-sized business lending at banks and credit unions. Akouba is a Software as a Service (SaaS) cloud-based delivery model and is intended to serve all financial institutions that make small business loans.
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announced 12/18/2014 via BNC Analysis

SilverLake Axis Limited, will acquire Finzsoft Solutions Limited

synopsis: Silverlake Axis Limited has announced that the company has enteterd into an agreement to acquire Finzsoft Solutions Limited, an Auckland- based financial technology company that develops and implements software and solutions for banks and financial institutions in New Zealand and Australia.
buyer: SilverLake Axis Limited (SGX:5CP:$141.53)
Silverlake Axis has a proven history in helping financial institutions stay agile. They have been a leading provider of end-to-end universal integrated banking solution to major financial institutions since 1989. "
target parent: Holliday Group Holdings Limited
target: Finzsoft Solutions Limited (NZSE:FIN:$10.14)
Finzsoft is a leading provider of enterprise software and professional services to the finance, banking, building societies and credit union industries. Finzsoft’s flagship product Sovereign offers both core and vertical specific solutions.
price ($mm)[EV]
$17 [$16]*
rev ($mm)
$15
EBITDA ($mm)
$3
EV / rev
1.3x
EV / EBITDA
6.2x
closed 4/3/2019 via PR Web

Constellation Real Estate Group, acquired Mortgage Builder Software, Inc.

synopsis: Constellation Real Estate Group, a provider of market-leading technology solutions for the real estate industry, has acquired Mortgage Builder, a provider of mortgage loan origination and servicing software systems. Mortgage Builder provides loan origination software to mortgage banks, credit unions and other financial institutions in the US.
buyer parent: Constellation Software, Inc.
buyer: Constellation Real Estate Group
Constellation Real Estate Group provides a suite of market leading software products designed specifically for the Real Estate industry. Over 500,000 Real Estate Agents and hundreds of Real Estate Brokerages across North America and Canada rely on their products to make business more successful. "
target: Mortgage Builder Software, Inc.
Mortgage Builder provides industry-leading loan origination software to mortgage banks, community banks, credit unions and other financial institutions in the US. Their software solutions include: origination, servicing, lead/customer management, production portal and electronic document management.
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closed 3/30/2019 via BNC Analysis

CBANC, acquired Lendwell, LLC

synopsis: CBANC, a professional networking platform for banks and credit unions, acquired Lendwell, a mortgage settlement services company that helps credit unions and community banks with the mortgage settlement process. Lendwell offers a SaaS platform that takes the hassle out of mortgage lending.
buyer: CBANC
CBANC is a professional networking platform for banks and credit unions. CBANC serves as an online platform where financial institutions can connect to share ideas, get their questions answered, build their brand and reputation, and publish reviews and insights on new products and services. "
target: Lendwell, LLC
Lendwell is a mortgage settlement services company that helps credit unions and community banks with the mortgage settlement process. Lendwell offers a SaaS platform that takes the hassle out of mortgage lending. Lendwell delivers the best settlement products, fast, and at a lower cost.
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closed 12/31/2018 via BNC Analysis

The Co-operators Group Limited, acquired Technicost Inc.

synopsis: The Co-operators has acquired Technicost, a technology company that provides credit management solutions, including Loan Origination Systems (LOS) to Credit Unions. Technicost, founded over 20 years ago in 1982, is a well-established and recognized software provider of loan origination and management solutions used in Credit Unions.
buyer: The Co-operators Group Limited
The Co-operators Group Limited is a Canadian co-operative with more than $42.5 billion in assets under administration. Through its group of companies, it offers home, auto, life, group, travel, commercial and farm insurance, as well as investment products. "
target: Technicost Inc.
Technicost, founded over 20 years ago in 1982, is a well-established and recognized software provider of loan origination and management solutions used in Credit Unions and Financial Institutions.
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closed 9/16/2014 via PR Newswire

Altisource Portfolio Solutions S.A., acquired Mortgage Builder Software, Inc.

synopsis: Altisource Portfolio Solutions S.A., a premier marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries, announced the completion of its acquisition of Mortgage Builder® Software, Inc., a provider of award-winning mortgage loan origination and servicing software systems.
buyer: Altisource Portfolio Solutions S.A. (GS:ASPS:$1,052.38)
Altisource is a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries offering both distribution and content. They leverage proprietary business process, vendor and electronic payment management software and behavioral science based analytics. "
target: Mortgage Builder Software, Inc.
Mortgage Builder provides industry-leading loan origination software to mortgage banks, community banks, credit unions and other financial institutions in the US. Their software solutions include: origination, servicing, lead/customer management, production portal and electronic document management.
price ($mm)[EV]
$16 [$16]
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closed 6/20/2012 via Company Press Release

Mortgage Cadence, LLC, acquired Prime Alliance Solutions, Inc.

synopsis: Mortgage Cadence, LLC, a leading provider of Enterprise Lending Solutions, Document Services, Compliance and Default Servicing Technology for the financial services industry, has acquired Prime Alliance Solutions, Inc., the leading provider of mortgage technology and related solutions to the credit union industry.
buyer parent: The Monitor Group
buyer: Mortgage Cadence, LLC
Mortgage Cadence is the leading provider of Enterprise Lending Solutions ("ELS") which employ an extensive financial services data model wrapped with a native rules engine to deliver data-driven workflow automation tools to mortgage banks, lenders, service providers and servicers. "
target: Prime Alliance Solutions, Inc.
Prime Alliance Solutions is the largest credit union service organization concentrating on mortgage lending and is the industry’s recognized leader in innovative mortgage solutions. Its technology is the first and only system that enables fully paperless, completely electronic mortgage lending.
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closed 4/1/2021 via BusinessWire

Q2 Software, Inc., acquired ClickSwitch

synopsis: Q2 Holdings, Inc., a leading provider of digital transformation solutions for banking and lending, acquired ClickSWITCH, a patented digital account switching software-as-a-service (SaaS) solution that has transformed how financial institutions and financial technology companies (fintechs) attract and retain new primary account holders.
buyer: Q2 Software, Inc. (QTWO:$276.66)
Q2 is a financial experience company dedicated to providing digital banking and lending solutions to banks, credit unions, alternative finance, and fintech companies in the U.S. and internationally. Q2 enables its partners to provide cohesive, secure, data-driven experiences to every account holder."
target: ClickSwitch
ClickSWITCH is a digital account switching solution for financial institutions and challenger banks that simplifies the process of bringing new account holders onboard by quickly, safely and efficiently switching direct deposits and automatic payments to new accounts.
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closed 2/26/2021 via BNC Analysis

Circit, acquired Audapio

synopsis: Circit, an audit automation and confirmation platform, has expanded its analytics capabilities with the acquisition of Audapio. Founded in 2019, Audapio has been at the forefront of leveraging open banking data and AI to improve audit quality with analytics solutions for fraud detection and revenue completeness testing.
buyer: Circit
Circit is a financial audit management platform that provides real-time visibility of audit confirmations as well as the verification of business transactions through its integrated network of banks, solicitors, brokers and fintech services. "
target: Audapio
Founded in 2019, Audapio has been at the forefront of leveraging open banking data and AI to improve audit quality with analytics solutions for fraud detection and revenue completeness testing.
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closed 12/22/2020 via BusinessWire

NEC Corp., acquired Avaloq

synopsis: Avaloq, a Swiss-based global leader in digital banking solutions and wealth management technology, and Japan-based NEC Corporation announced the closing of NEC’s acquisition of Avaloq. Each being a market leader in their own field, the combination of their shared vision, and technological strengths.
buyer: NEC Corp. (TSE:6701:$28,669.80)
With more than 120 years of expertise, NEC is a leader in the integration of IT and network technologies that benefit businesses and people around the world. Listed on the Tokyo stock exchange, NEC is a truly global organization with office locations in more than 50 countries. "
target: Avaloq
Founded in 1985, Avaloq provides powerful cloud solutions for banks and wealth managers around the globe through business process as a service (BPaaS) and software as a service (SaaS) along with on-premise solutions.
price ($mm)
$2,239
rev ($mm)
$629
EBITDA ($mm)
$71
EV / rev
3.6x
EV / EBITDA
31.3x
closed 4/11/2018 via Company Press Release

AdvantEdge Analytics, acquired Finivation Software, Inc.

synopsis: CUNA Mutual Group's AdvantEdge Analytics announced it has acquired Finivation, a New York-based data systems integration and software company that offers real-time data integration for credit unions, community financial institutions and technology providers.
buyer parent: CUNA Mutual Group
buyer: AdvantEdge Analytics
AdvantEdge Analytics is a technology, data and analytics company that provides end-to-end solutions including data management, visualizations, predictive analytics, insight activation and consulting services to credit unions. "
target: Finivation Software, Inc.
Finivation specializes in systems integration and software development for credit unions, community banks and technology providers. Finivation's Concert banking integration platform helps financial institutions quickly and securely integrate, maintain and monitor disparate banking applications.
price ($mm)
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closed 4/11/2018 via Company Press Release

AdvantEdge Analytics, acquired Finivation Software, Inc.

synopsis: CUNA Mutual Group's AdvantEdge Analytics announced it has acquired Finivation, a New York-based data systems integration and software company that offers real-time data integration for credit unions, community financial institutions and technology providers.
buyer parent: CUNA Mutual Group
buyer: AdvantEdge Analytics
AdvantEdge Analytics is a technology, data and analytics company that provides end-to-end solutions including data management, visualizations, predictive analytics, insight activation and consulting services to credit unions. "
target: Finivation Software, Inc.
Finivation specializes in systems integration and software development for credit unions, community banks and technology providers. Finivation's Concert banking integration platform helps financial institutions quickly and securely integrate, maintain and monitor disparate banking applications.
price ($mm)
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closed 2/26/2021 via BNC Analysis

Circit, acquired Audapio

synopsis: Circit, an audit automation and confirmation platform, has expanded its analytics capabilities with the acquisition of Audapio. Founded in 2019, Audapio has been at the forefront of leveraging open banking data and AI to improve audit quality with analytics solutions for fraud detection and revenue completeness testing.
buyer: Circit
Circit is a financial audit management platform that provides real-time visibility of audit confirmations as well as the verification of business transactions through its integrated network of banks, solicitors, brokers and fintech services. "
target: Audapio
Founded in 2019, Audapio has been at the forefront of leveraging open banking data and AI to improve audit quality with analytics solutions for fraud detection and revenue completeness testing.
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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.
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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.
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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:$998.23)
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 4/21/2021 via BNC Analysis

HashChing, acquired Mystro Australia

synopsis: HashChing, Australia’s leading mortgage broker platform, has acquired Mystro, a document automation and data collection company in Australia. Mystro offers a platform for data collection and automated client onboarding. Their platform helps mortgage brokers to streamline their document management, client data collection, and loan applications.
buyer: HashChing
HashChing is Australia’s leading mortgage broker platform. HashChing provides consumers with access to great home loan deals. Their platform connects users directly to verified broker partners who can further negotiate a better deal from the lenders to save them time and money. "
target: Mystro Australia
Mystro is a document automation and data collection company in Australia. Mystro offers a platform for data collection and automated client onboarding. Their platform helps mortgage brokers to streamline their document management, client data collection, and loan applications.
price ($mm)
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closed 12/11/2019 via BNC Analysis

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

synopsis: TraQiQ, Inc announced that it has acquired Mann-India Technologies Pvt Ltd. Mann-India's product portfolio includes enterprise ready solutions for payment processing, mobile wallets, micro lending solutions and digital transformation. Mann-India also provides mobile application development services.
buyer: TraqIQ, Inc. (OTCPK:TRIQ:$1.06)
TraQiQ, Inc. is a global technology company with a suite of products designed to help identify customers, facilitate transactions and fulfill transactions. TraQiQ’s leading edge FinTech and AI solutions have been deployed with leading multi-national customers around the world. "
target: Mann-India Technologies Pvt. Ltd.
Mann-India Technologies Pvt Ltd. is a leading software development company headquartered in India with customers around the world. The company offers a suite of FinTech and mobility products. Mann-India offers a suite of Enterprise offerings that enable transactions in a seamless manner.
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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)
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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)
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closed 7/15/2021 via PR Newswire

Radar Endeavour Group Inc., acquired Lending Assist

synopsis: Radar Endeavour Group Inc., a Canadian private equity investment group, and Ingenio Solutions Ltd. has acquired a controlling interest in Lending Assist Save Assist Ltd. Based in Edmonton, Alberta, Lending Assist is a cloud-based SAAS solution designed for producing the security documents required for business loan transactions.
buyer: Radar Endeavour Group Inc.
Based in Canada, Radar Endeavour Group is a private equity group that invests alongside founders to accelerate growth in the market. Its investment thesis is based on smart capital plus talented founders, and extraordinary support equals great outcomes for all stakeholders. "
target: Lending Assist
Based in Canada, Lending Assist is a cloud-based SaaS solution designed for producing the security documents required for business loan transactions. Lending Assist allows firms to complete all due diligence, increase productivity, and increase client satisfaction, all from a single application.
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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.
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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.
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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 ($mm)
EBITDA ($mm)
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 ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
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:$78,977.24)
Hitachi, Ltd., headquartered in Tokyo, Japan, is a leading global electronics company with approximately 360,000 employees worldwide. Hitachi focuses on Social Innovation Business, which includes information and telecommunication systems, power systems, etc. "
target: eBworx Berhad
eBworx Berhad provides consulting and technology solutions to financial services industry. The company offers Digital Delivery Channels suite comprising digital branch delivery system, a Web-based customer centric system providing contact/prospect management and transaction set capability.
price ($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:$4,824.00)
Broadridge Financial Solutions, Inc. is a leading global provider of technology-based outsourcing solutions to the financial services industry. Broadridge's systems and services include investor communication, securities processing, and clearing and outsourcing solutions. "
target: Access Data Corp.
Access Data Corp. is a Pittsburgh based leading provider of enterprise reporting and data management services for asset management firms and financial intermediaries.
price ($mm)
$45
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
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 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:$757.51)
Guidewire Software, Inc. provides system software to the property and casualty insurance industry primarily in the United States, Canada, and Australia. It provides Internet-based software platforms for core insurance operations. "
target: Millbrook, Inc.
Millbrook, Inc. is the number one provider of business intelligence and data warehousing solutions for mid-level insurance carriers, providing actionable business information and deep insurance and technology expertise to maximize bottom-line performance and minimize risk.
price ($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 10/17/2018 via Company Press Release

Trellance, acquired IronSafe LLC

synopsis: Trellance, the Tampa-based Credit Union Service Organization offering guidance and solutions for credit unions announced its acquisition of IronSafe, an Illinois-based software company that offers data analytics.
buyer: Trellance
Trellance is a Credit Union Service Organization with a vibrant commitment to providing guidance and solutions to help credit unions thrive. Trellance is focused on offering innovative ideas, programs and services to help grow and compete. "
target: IronSafe LLC
IronSafe offers data analytics with a unique extraction capability to its customers and some of its functionalities are already in use by over 2,300 credit unions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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Geography
Matching Companies
Ticker: JKHY
 
 
 
 
 
 
 
 
Jack Henry & Associates, Inc.
Jack Henry & Associates, Inc.
Jack Henry & Associates, Inc. provides computer systems and electronic payment solutions for financial services organizations. Its technology solutions serve customers nationwide, and are marketed and supported through three primary brands.
year
2020
rev ($mm)
$1,714.10
EBITDA ($mm)
$449.16
EBIT ($mm)
$379.95
Net Income ($mm)
$298.40
Employees
6717
  • drill down
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Ticker: SWX:TEMN
 
 
 
 
 
 
 
 
Temenos Group AG
Temenos Group AG
Founded in 1993 and listed on the Swiss Stock Exchange, Temenos Group AG is the market leading provider of banking software systems to retail, corporate, universal, private, Islamic, microfinance and community banks, wealth managers, and financial institutions.
year
2019
rev ($mm)
$901.75
EBITDA ($mm)
$275.83
EBIT ($mm)
$239.13
Net Income ($mm)
$187.69
Employees
5388
  • drill down
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Ticker: QTWO
 
 
 
 
 
 
 
 
Q2 Software, Inc.
Q2 Software, Inc.
Q2 is a secure, cloud-based digital transformation solutions company headquartered in Austin, Texas. Q2's digital banking solutions for deposits, money movement, lending, leasing, security and fraud enable financial institutions to deliver a better financial experience to their account holders.
year
2019
rev ($mm)
$276.66
EBITDA ($mm)
($29.39)
EBIT ($mm)
($43.13)
Net Income ($mm)
Employees
0
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Ticker: CSVI
 
 
 
 
 
 
 
 
Computer Services, Inc.
Computer Services, Inc.
Computer Services, Inc. delivers core banking, payments processing, Internet, card services, risk assessment, fraud prevention, network management, regulatory compliance and document delivery solutions to financial institutions and corporate entities across the nation.
year
2011
rev ($mm)
$163.78
EBITDA ($mm)
$46.44
EBIT ($mm)
$39.88
Net Income ($mm)
$24.02
Employees
917
  • drill down
  • watch
Ticker: SZSE:300348
 
 
 
 
 
 
 
 
Shenzhen Sunline Tech Co., Ltd.
Shenzhen Sunline Tech Co., Ltd. provides financial IT services for banks in China. The company offers business-class solutions, such as basic system core business systems, payment and clearing systems, intermediate business systems, operating systems, and bank credit solutions for daily operations.
year
2017
rev ($mm)
$101.70
EBITDA ($mm)
$14.18
EBIT ($mm)
$11.97
Net Income ($mm)
$13.55
Employees
2706
  • drill down
  • watch
Ticker: SWX:CLXN
 
 
 
 
 
 
 
 
CREALOGIX
CREALOGIX
The CREALOGIX Group is an independent Swiss software provider and, as one of the Fintech Top 100 companies, it is a market leader in digital banking in Switzerland. CREALOGIX develops and implements innovative Fintech solutions for the electronic banking of tomorrow.
year
2017
rev ($mm)
$76.18
EBITDA ($mm)
$6.96
EBIT ($mm)
$4.19
Net Income ($mm)
$1.07
Employees
349
  • drill down
  • watch
Ticker: BSE:532668
 
 
 
 
 
 
 
 
aurionPro Solutions
aurionPro Solutions
Aurionpro Solutions is a global technology solutions leader that helps enterprises accelerate their digital innovation, securely and efficiently. It combines core domain expertise, thought leadership in innovation, security and leverages industry.
year
2020
rev ($mm)
$48.86
EBITDA ($mm)
$8.33
EBIT ($mm)
$7.04
Net Income ($mm)
$3.59
Employees
1029
  • drill down
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Ticker: UPST
 
 
 
 
 
 
 
 
Upstart Holdings, Inc.
Upstart Holdings, Inc.
Upstart is a leading AI lending platform partnering with banks to expand access to affordable credit. By leveraging Upstart's AI platform, Upstart-powered banks can have higher approval rates and lower loss rates, while delivering exceptional digital-first lending experiences their customers.
year
2020
rev ($mm)
$233.42
EBITDA ($mm)
$14.04
EBIT ($mm)
$11.77
Net Income ($mm)
$5.98
Employees
429
  • drill down
  • watch
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
  • watch
Ticker:
 
 
 
 
 
 
 
 
Overture Technologies
Overture Technologies
Overture Technologies is the leading provider of mortgage as well as higher-education funding solutions. Overture’s products in the higher-education funding industry help students and their families save money by making better and fully informed financial decisions.
year
2005
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
9
  • drill down
  • watch
Ticker: TSXV:PKK
 
 
 
 
 
 
 
 
Peak Positioning Technologies Inc.
Peak Positioning Technologies Inc.
Peak Positioning Technologies Inc., is a Canadian software developer for mobile smart devices, and application provider to mobile network operators (MNO) worldwide. In association with its partner, LongKey-Hong Kong Ltd, the company has developed the AiNi(TM) Mobile Cloud platform.
year
2021
rev ($mm)
$42.13
EBITDA ($mm)
($1.62)
EBIT ($mm)
($1.76)
Net Income ($mm)
Employees
0
  • drill down
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Ticker: BKFS
 
 
 
 
 
 
 
 
Black Knight, Inc.
Black Knight, Inc.
Black Knight is a leading provider of integrated software, data and analytics solutions that facilitate and automate many of the business processes across the homeownership lifecycle. They are committed to being a premier business partner that clients rely on to achieve their strategic goals.
year
2021
rev ($mm)
$1,297.50
EBITDA ($mm)
$455.80
EBIT ($mm)
$303.40
Net Income ($mm)
$268.10
Employees
5700
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Ticker: GS:ASPS
 
 
 
 
 
 
 
 
Altisource Portfolio Solutions S.A.
Altisource Portfolio Solutions S.A.
Altisource Portfolio Solutions S.A. is a premier marketplace and transaction solutions provider for the real estate, mortgage and consumer-debt industries. Its proprietary business processes, electronic payment software and behavioral science analytics improve outcomes for marketplace participants.
year
2015
rev ($mm)
$1,052.38
EBITDA ($mm)
$197.71
EBIT ($mm)
$127.62
Net Income ($mm)
$90.40
Employees
9313
  • drill down
  • watch
Ticker: OTCPK:SYPT
 
 
 
 
 
 
 
 
Scrypt, Inc
Scrypt builds secure cloud-based workflow management and collaboration tools for regulated industries. They help businesses operating in regulated industries improve document workflow and regain valuable time while protecting business-critical information.
year
2009
rev ($mm)
$0.27
EBITDA ($mm)
($0.86)
EBIT ($mm)
($0.92)
Net Income ($mm)
Employees
7
  • drill down
  • watch
Ticker: LFT
 
 
 
 
 
 
 
 
Longtop Financial Technologies, Ltd.
Longtop Financial Technologies, Ltd.
Longtop is a software development and solutions provider targeting the financial services industry in China. It develops and delivers a comprehensive range of software applications and solutions with a focus on meeting the rapidly growing IT needs of the financial services institutions in China.
year
2010
rev ($mm)
$169.06
EBITDA ($mm)
$70.36
EBIT ($mm)
$62.54
Net Income ($mm)
$59.09
Employees
4258
  • drill down
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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
2020
rev ($mm)
$32.28
EBITDA ($mm)
$1.73
EBIT ($mm)
$0.98
Net Income ($mm)
Employees
141
  • drill down
  • watch