Like Wave Financials Inc.

closed 7/1/2019 via GlobeNewswire

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

synopsis: H&R Block, Inc. has acquired Canda-based Wave HQ Inc., a rapidly growing financial solutions platform focused on changing the way small business owners manage their finances. Wave provides accounting, invoicing, payroll, and payments software solutions, as well as bookkeeping services, built into a comprehensive platform.
buyer: H & R Block, Inc. (HRB:$3,094.88)
H&R Block, Inc. is a global consumer tax services provider. Tax return preparation services are provided by professional tax preparers in company-owned and franchise retail tax offices, and through H&R Block tax software products. H&R Block also offers adjacent Tax Plus products and services. "
target: Wave Financials Inc.
Canada-based Wave Financial Inc. provides software solutions and related services designed to help small business owners manage their finances. Wave provides accounting, invoicing, payroll, and payments software solutions, as well as bookkeeping services, built into a comprehensive platform.
price ($mm)
$405
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/27/2019 via Company Press Release

Intuit, Inc., acquired ChronoBooks

synopsis: Intuit® is taking the next step in making QuickBooks® Online the premier solution for small- and mid-size businesses (SMBs) by acquiring ChronoBooks, a cloud-based solution that accountants and SMBs rely on to view and restore historical QuickBooks Online activity.
buyer: Intuit, Inc. (INTU:$6,933.00)
Intuit Inc. creates business and financial management solutions that simplify the business of life for small businesses, consumers and accounting professionals. Its flagship products and services include QuickBooks®, which make it easier to manage small businesses and tax preparation and filing. "
target: ChronoBooks
ChronoBooks is a cloud-based solution that accountants and SMBs rely on to view and restore historical QuickBooks Online activity.
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closed 11/6/2019 via Company Press Release

Access Group, acquired Attaché

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

Ageras A/S, acquired Billy ApS

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

Lendio, acquired Billy

synopsis: Lendio, the nation’s leading marketplace for small business loans, announced the acquisition of Billy, a billing and expense tracking solution that gives small business owners real-time insight into their business finances, allowing for more streamlined accounting, invoicing, reporting and access to capital. Billy is being re-branded as Sunrise.
buyer: Lendio
Lendio is a free online service that helps business owners find the right small business loans within minutes. Bringing all options together in one place, from short-term specialty financing to long-term, low-interest traditional loans, their technology makes small business lending simple. "
target: Billy
Billy is a cloud-based small business accounting platform. A billing and expense tracking solution, Billy gives solopreneurs and small business owners real-time insight into their business finances, allowing for more streamlined accounting, invoicing, reporting and access to capital.
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closed 9/26/2018 via Company Press Release

Visma ASA, acquired Merit Tarkvara AS

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

Cegid SA, acquired Loop Software SAS

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

die Mobiliar, acquired bexio AG

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

Nubox S.A., acquired Colppy

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

The Royal Bank of Scotland, will acquire FreeAgent Inc.

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

TeamSystem SpA, acquired e-conomic International

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

Visma ASA, will acquire Fortnox AB

synopsis: Visma AS, a leading provider of business software, outsourcing services and services for accounting and administration in the Nordics, announced a recommended public cash offer to the shareholders of Fortnox AB to tender all their shares in Fortnox to Visma. Fortnox provides accounting and financial systems for small and medium-sized companies.
buyer: Visma ASA
Visma is the leading provider of business software and services for accounting and administration. Visma is known for developing leading software solutions and high-quality services for satisfied customers in combination with financial strength and solid growth. "
target: Fortnox AB (:$17.37)
With approximately 115,000 customers, Fortnox is a leading provider of accounting and financial systems for small and medium-sized companies, associations, schools and accounting firms. Fortnox offers a full range of programs including accounting, billing, sales support, time tracking and payroll.
price ($mm)[EV]
$168 [$163]
rev ($mm)
$17
EBITDA ($mm)
$4
EV / rev
9.4x
EV / EBITDA
46.1x
closed 3/31/2016 via BusinessWire

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

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

e-conomic International, acquired SpeedLedger AB

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

Stratatel Limited, will acquire JCurve Solutions

synopsis: Stratatel Limited, an Australian software company providing cloud-based telecommunications expense management solutions to businesses internationally, is pleased to announce it has signed a Heads of Agreement to acquire the software design and promotion business of JCurve Solutions, a leading cloud-based accounting and ERP software provider.
buyer: Stratatel Limited
Stratatel Limited provides specialised and innovative business-to-business software solutions and services. Founded in 1997, Stratatel developed its flagship business software solution FleetManager to enable organisations to monitor and manage their telecommunications. "
target: JCurve Solutions (ASX:JCS:$8.13)
JCurve are one of the only providers of a fully featured, fully integrated system specifically tailored to the needs of small businesses in the Australia and New Zealand region. Its software is delivered in the ‘Cloud’ and is steadily increasing its market share in Australia and New Zealand.
price ($mm)
$3.27
rev ($mm)
$1
EBITDA ($mm)
EV / rev
3.1x
EV / EBITDA
closed 8/19/2013 via PE Hub

HgCapital, acquired e-conomic International

synopsis: HgCapital announced that it has acquired e-conomic. Founded in 2001 in Copenhagen, e-conomic is Europe’s leading and largest SaaS accounting company for SMEs with c. 60,000 customers for its core product, and c. 100,000 customers for its freemium invoicing and expenses product Debitoor.
buyer: HgCapital
HgCapital is a leading investor in the European private equity market. Successor to Mercury Private Equity, which was acquired by Merrill Lynch. Mercury Private Equity staff acquired the business from Merrill Lynch and renamed it HgCapital. HgCapital has funds under management of €2.5 billion. "
target: e-conomic International
e-conomic online accounting software is easy to use and specially developed for small and medium-sized companies. With more than 85,000 companies as customers on a worldwide basis, e-conomic is the largest online accounting software in Europe.
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closed 6/14/2011 via PR Newswire

CCH Incorporated, acquired Twinfield International N.V

synopsis: Wolters Kluwer Tax & Accounting announced the acquisition of Twinfield, a Dutch-based pioneer and market leader in online accounting software. Through this acquisition, Wolters Kluwer expands and complements its existing offering of advanced software solutions for accountants and finance professionals in SMEs.
buyer parent: Wolters Kluwer NV
buyer: CCH Incorporated
CCH is the leading provider of tax, accounting and audit information, software and services for professionals. CCH is part of the global tax and accounting leader, Wolters Kluwer Tax & Accounting. "
target: Twinfield International N.V
Twinfield International is a market leader in online accounting software, serving professionals in the Netherlands, UK and Scandinavia. With more than 80,000 administrations managed online, it is an undisputed leader in online, SaaS-based collaborative accounting solutions in Europe.
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closed 11/3/2010 via Company Press Release

Kaseya International Limited, acquired ObjAcct, Inc.

synopsis: Kaseya announced the acquisition of substantially all of the assets of ObjAcct, Inc., the makers of ObjAcct XML Accounting Suite. IT professionals will now be able to analyze and report combined technical and financial data to assist in the alignment of IT with the overall business goals of the organization.
buyer: Kaseya International Limited
Kaseya is the leading global provider of IT Systems Management software. Kaseya solutions empower everyone from individual consumers to large corporations and IT service providers to proactively manage and control IT assets remotely, easily and efficiently from one integrated Web-based platform. "
target: ObjAcct, Inc.
ObjAcct, Inc., founded by Lee Mellinger in 2003, is a leading edge accounting software company and the developers of ObjAcct Suite, the world's first XML web service based accounting platform.
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closed 9/27/2019 via Company Press Release

The Sage Group plc., acquired AutoEntry

synopsis: Sage, a global market leader in cloud business management solutions, today announced it has acquired the Dublin-based AutoEntry, a leading provider of data entry automation for accountants, bookkeepers, and businesses. The acquisition accelerates Sage’s goal to become a quality SaaS company and follows a successful two-year partnership.
buyer: The Sage Group plc. (LSE:SGE:$2,516.54)
Sage is a global market leader for technology that helps businesses of all sizes manage everything from money to people. They accomplish this via Sage Business Cloud, a business management solution comprising Accounting, Sage Intacct, Enterprise Management, People & Payroll, and Payments & Banking. "
target: AutoEntry
Ireland-based AutoEntry is an intelligent, automated solution developed by OCRex for accountants, bookkeepers, and Small-to-Medium Enterprises. AutoEntry captures and analyses scanned and photographed paper documents, automating data entry into a user’s accounting software, Excel, or CSV.
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closed 7/18/2012 via BusinessWire

GoDaddy.com, acquired Outright, Inc.

synopsis: Go Daddy has purchased Outright, a cloud-based financial management application company. Created to provide an alternative to the frustrating and hard-to-maintain spreadsheets currently used by most small businesses, Outright’s mission is to provide small business owners simple, data-driven and community-enabled business management applications.
buyer: GoDaddy.com (GDDY:$2,736.90)
Go Daddy is the world's largest domain name provider, Web hosting provider and new SSL provider, focused on helping small businesses grow larger. Go Daddy provides dozens of cloud-based services and is the largest worldwide mass-market hosting provider by annual revenue. "
target: Outright, Inc.
Created to provide an alternative to the frustrating and hard-to-maintain spreadsheets currently used by most small businesses, Outright’s mission is to provide small business owners simple, data-driven and community-enabled business management applications.
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closed 7/1/2019 via GlobeNewswire

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

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

Wave Financials Inc., acquired Every Inc.

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

Wave Accounting, acquired Vuru Inc.

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

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

synopsis: H&R Block, Inc. has acquired Canda-based Wave HQ Inc., a rapidly growing financial solutions platform focused on changing the way small business owners manage their finances. Wave provides accounting, invoicing, payroll, and payments software solutions, as well as bookkeeping services, built into a comprehensive platform.
buyer: H & R Block, Inc. (HRB:$3,094.88)
H&R Block, Inc. is a global consumer tax services provider. Tax return preparation services are provided by professional tax preparers in company-owned and franchise retail tax offices, and through H&R Block tax software products. H&R Block also offers adjacent Tax Plus products and services. "
target: Wave Financials Inc.
Canada-based Wave Financial Inc. provides software solutions and related services designed to help small business owners manage their finances. Wave provides accounting, invoicing, payroll, and payments software solutions, as well as bookkeeping services, built into a comprehensive platform.
price ($mm)
$405
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/16/2013 via Company Press Release

Thomson Reuters Tax & Accounting, acquired TaxWorks

synopsis: The Tax & Accounting business of Thomson Reuters has announced that it has acquired select assets of the TaxWorks software line from RedGear Technologies. TaxWorks, Inc. develops tax preparation software solutions for professional tax preparers.
buyer parent: Thomson Reuters
buyer: Thomson Reuters Tax & Accounting
Thomson Reuters Tax & Accounting is the leading provider of technology and information solutions, as well as integrated tax compliance software and services to accounting, tax and corporate finance professionals in accounting firms, corporations, law firms and government. "
target parent: H & R Block, Inc.
target: TaxWorks
TaxWorks, Inc. develops tax preparation software solutions for professional tax preparers. The company offers TaxWorks,1040WORKS, and ARKWORKS. The company was founded in 1972 and is based in Kaysville, Utah.
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cancelled 11/1/2011 via Bloomberg

H & R Block, Inc., cancelled an acquisition of TaxACT

synopsis: H&R Block Inc. was barred by a federal judge from proceeding with its proposed $287.5 million acquisition of the maker of TaxAct products because it would diminish competition in the tax preparation market.
buyer: H & R Block, Inc. (HRB:$3,094.88)
H&R Block Inc. is one of the world's largest tax services providers, having prepared more than 550 million tax returns worldwide since 1955. The Company provides tax return preparation services in person, through H&R Block At Home™ online and desktop software products, and through other channels. "
target: TaxACT
2nd Story Software is critically acclaimed as a leader in developing affordable tax preparation software and providing Web-based services directly to consumers. TaxACT gives users well-informed tax strategies in an easy-to-use format, while maintaining focus on providing best value for customers.
price ($mm)
$268
rev ($mm)
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closed 7/7/2005 via BusinessWire

H & R Block, Inc., acquired TaxNet, Inc.

synopsis: To accelerate its growth in the online and packaged software tax industry, H&R Block today announced it has acquired TaxNet(TM) Inc., a San Diego, Calif.-based provider of customized online tax services.
buyer: H & R Block, Inc. (HRB:$3,094.88)
H&R Block is the world's largest tax services provider, having served more than 400 million clients since 1955. The sixth-largest retailer in the world, H&R Block has more than 12,000 locations serving taxpayers primarily in the United States, Canada and Australia. "
target: TaxNet, Inc.
TaxNet was created to provide taxpayers with a simple and intelligent tax preparation experience and to do it at a fraction of the cost of other products. TaxNet is designed by tax and software usability experts, providing depth of tax content and accuracy with an innovative interface and approach.
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closed 9/25/2019 via PR Newswire

Wealthsimple, acquired SimpleTax Software Inc.

synopsis: Wealthsimple, Canada's leading online investment service, announced that it has acquired SimpleTax, a Canadian web-based tax preparation service that makes preparing and filing tax returns quick and easy. Together, the companies aim to further their joint mission of making financial tools simple and accessible to everyone.
buyer: Wealthsimple
Wealthsimple is Canada's leading online investment manager, making smart and simple investing accessible to all Canadians with low minimums and low fees. Their on-demand financial planning services and investment advice educate clients and keep their investments on track. "
target: SimpleTax Software Inc.
SimpleTax is an award-winning Canadian tax software that makes taxes easy. They believe people deserve better: taxes should be easy and transparent enough to do them alone; the cost to prepare a return should be fair; tax software should be friendly, fast, and fun. That's where SimpleTax comes in.
price ($mm)
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closed 2/23/2017 via PR Newswire

Ernst & Young, LLP, acquired TaxChat

synopsis: Ernst & Young LLP, a global leader in assurance, tax, transaction and advisory services, has acquired certain tax technology platform assets from TaxChat, LLC, an innovative startup that focused on mobile, on-demand tax preparation services.
buyer: Ernst & Young, LLP
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. The insights and quality services they deliver help build trust and confidence in the capital markets and in economies the world over. "
target: TaxChat
TaxChat automatically connects clients to the best tax preparers in the U.S. and enables clients to have their returns prepared entirely on mobile.
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closed 8/15/2007 via BusinessWire

Avalara, acquired Trustfile

synopsis: Avalara, a leading provider of Web-hosted sales tax management services, has acquired Trustfile. Trustfile, based in Baton Rouge, La., offers software providing a simple, inexpensive solution that automates sales tax e-filing and e-payment within one application.
buyer: Avalara (:$295.69)
Avalara is changing the sales tax landscape by delivering innovative and affordable solutions to small and mid-sized businesses. Avalara creates integrated, on demand, Web-based services that provide transparent transactions, accurate tax compliance, painless administration and effortless reporting."
target: Trustfile
Trustfile is a business-tax filing company that simplifies electronic preparation, filing and payment of business taxes. For nearly 20 years, Trustfile has worked closely with business filers and revenue agencies, building tremendous knowledge of customer needs and how to meet them.
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closed 2/5/2013 via PR Newswire

Greatland Corporation, acquired Express Internet Companies.com

synopsis: Greatland Corporation announced it has acquired the brands ExpressTaxForms.com and ExpressChecks.com from Portland, Ore.-based Express Internet Companies.com. Both are online organizations which provide small and mid-size businesses with W-2 and 1099 forms, as well as custom checks and other banking forms.
buyer: Greatland Corporation
Through Greatland's subsidiaries – Greatland, Nelco, FileTaxes.com and Broker Forms – the company offers an extensive array of specialized products for business: W-2 forms, 1099 forms, W-2 & 1099 software, online filing, business checks and check writing software, presentation materials. "
target: Express Internet Companies.com
Express Internet Companies.com owns ExpressTaxForms.com and ExpressChecks.com. Both are online organizations which provide small and mid-size businesses with W-2 and 1099 forms, as well as custom checks and other banking forms.
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closed 7/5/2016 via BusinessWire

Loscalzo Associates, acquired Nichols Patrick CPE

synopsis: Loscalzo Associates, a leading provider of LIVE CPE programs servicing the accounting profession, announced the acquisition of Nichols Patrick CPE, a continuing education provider specializing in tax training. Loscalzo Associates and Nichols Patrick CPE are the premier providers of LIVE CPE programs servicing the accounting profession.
buyer parent: Graham Holdings Company
buyer: Loscalzo Associates
Loscalzo Associates, Ltd, a SmartPros Company, has been one of the premiere providers of LIVE CPE programs servicing the accounting profession. Their clients include State CPA Societies and Associations, regional to small public accounting firms and individual CPAs throughout the United States. "
target: Nichols Patrick CPE
Nichols Patrick CPE is recognized as a leader in developing and presenting live seminars and web based training for CPAs who need to expand or update their knowledge of federal and state tax laws. Their Tax Update programs have been a highly rated staple of many CPE programs for over 25 years.
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closed 10/23/2019 via BNC Analysis

RockBridge Growth Equity, acquired White Glove Workshops

synopsis: Rockbridge Growth Equity LLC, a Detroit-based private equity firm, has acquired a majority stake in White Glove, a marketing company that makes it easy for financial advisors and other service professionals to be successful. White Glove provides services for seminar marketing and social media.
buyer: RockBridge Growth Equity
Rockbridge Growth Equity is a Detroit-based private equity firm that helps exceptional companies accelerate growth and build long-term value for its stakeholders. The firm invests in the financial and business services, consumer-direct marketing, and sports, media & entertainment industries. "
target: White Glove Workshops
White Glove is a marketing company that makes it easy for financial advisors and other service professionals to be successful. White Glove provides services for seminar marketing and social media. White Glove utilizes digital marketing to bring the right attendees to each seminar.
price ($mm)
rev ($mm)
$20
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 2/22/2019 via BusinessWire

Lansons, acquired Intermarket

synopsis: Leading independent reputation management consultancy Lansons announced the acquisition of Intermarket, an agency that provides strategic communications consulting and tactical public relations services to a wide range of clients operating across the global landscape, with particular emphasis on financial services.
buyer: Lansons
Based in London, Lansons is a leading independent reputation management consultancy, 100% owned by people working in the business. Lansons’ consultants are experts in media, investor, political, regulatory, employee and change, crisis, digital and international communications. "
target: Intermarket
Founded in 1986 by Matt Zachowski and Martin Mosbacher, Intermarket Communications provides strategic communications consulting and tactical public relations services to a wide range of clients operating across the global landscape, with particular emphasis on financial services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/15/2019 via PR Newswire

Finn Partners, acquired Moorgate Communications

synopsis: Global marketing and communications firm, Finn Partners, announced it has acquired Moorgate Communications, a London based, full-service communications agency working for sophisticated financial institutions such as corporate and investment banks, credit rating agencies, analytics providers, financial market lobbyists and insurance brokers.
buyer: Finn Partners
Finn Partners has become one of the fastest growing independent public relations agencies in the world. The full-service marketing and communications company's record setting pace is a result of organic growth and integrating new companies and new people into the FINN world. "
target: Moorgate Communications
Set up in 2002, Moorgate Communications is a full-service communications agency working for sophisticated financial institutions such as corporate and investment banks, credit rating agencies, analytics providers, financial market lobbyists and insurance brokers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/29/2016 via PR Newswire

Dean Media Group will be merged with Fusion92,

synopsis: Fusion92, a marketing agency that focuses on helping growth-stage and Fortune 500 companies across a number of industries, and Dean Media, a company comprised of digital marketing experts with deep expertise in the financial vertical, announced the signing of a definitive agreement in which the two agencies will merge.
buyer: Fusion92
Fusion92 is a marketing agency that focuses on helping growth-stage and Fortune 500 companies across a number of industries including financial, CPG, telecommunications and automotive. Fusion92 partners with its clients on marketing, media, creative services, innovation, and consumer engagement. "
target: Dean Media Group
Dean Media is comprised of passionate digital marketing experts with deep expertise in the financial vertical. Dean Media is an industry pioneer when it comes to data-driven marketing and programmatic media strategy, technology and execution.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/8/2013 via BNC Analysis

Porta Communications plc, acquired Cauldron Consulting Limited

synopsis: Porta Communications plc, the AIM-listed marcoms group, has acquired financial services specialist Cauldron Consulting. The acquisition of the entire issued share capital of the media relations and market intelligence firm Cauldron is in line with expanding Porta's presence in financial services PR.
buyer: Porta Communications plc (PTCM:$50.95)
Porta Communications Plc acts as a holding company. Within Porta there are individual divisions which provide the following services: Public relations including financial, corporate, consumer and public affairs, Advertising and related services (including digital and media buying). "
target: Cauldron Consulting Limited
Cauldron Consulting is a team of experienced and effective communications professionals specialising in media relations and market intelligence in the financial sector. They offer communications expertise and much more, what they call PR+.
price ($mm)
$0.30
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/26/2005 via PR Newswire

Archipelago Holdings, L.L.C., acquired PCX Holdings, Inc.

synopsis: Archipelago Holdings, Inc., owner and operator of the Archipelago Exchange (ArcaEx), today announced the closing of its acquisition of PCX Holdings, Inc. and its subsidiaries, the Pacific Exchange, Inc. and PCX Equities, Inc. The total consideration paid by Archipelago to PCX Holdings shareholders in the transaction was $90.9 million.
buyer parent: New York Stock Exchange, Inc.
buyer: Archipelago Holdings, L.L.C. (:$0.00)
In January 1997, the U.S. Securities and Exchange Commission (SEC) implemented new Order Handling Rules that revolutionized trading in Nasdaq securities. "
target: PCX Holdings, Inc.
Founded in 1882, the Pacific Exchange ran equities trading floors in both Los Angeles and San Francisco (as well as its San Francisco options floor), at the time it first aligned with Archipelago, which was then operating as an ECN. Archipelago gave the Pacific Exchange $40 million cash and a 10.8
price ($mm)
$89
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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