Like Harbor, Inc.

closed 2/18/2020 via BusinessWire

BitGo, acquired Harbor, Inc.

synopsis: BitGo, the leader in digital asset financial services, has acquired Harbor, a digital securities platform, and its broker-dealer and transfer agent subsidiaries. The acquisition extends BitGo’s capabilities to address a wider class of digital assets for institutional investors and provides a foundation for a full-stack digital assets solution.
buyer: BitGo
BitGo is the leader in digital asset financial services, providing institutional investors with security, custody, and liquidity solutions. BitGo processes over 20% of all global bitcoin transactions, and supports over 200 coins and tokens. "
target: Harbor, Inc.
Harbor is the leading digital securities platform for alternative assets that improve the investment experience for investors, issuers, and their placement agents. Harbor automates the manual processes of alternative investment subscriptions, investor management, and secondary transfers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/11/2016 via PR Newswire

Broadridge Financial Solutions, Inc., acquired Dojima

synopsis: Broadridge Financial Solutions, Inc. announced that it has broadened its Global Post Trade Management (GPTM) solution, adding exchange-traded derivatives functionality through the acquisition of Dojima LLC. Dojima provides global trading, clearing, matching and connectivity solutions.
buyer: Broadridge Financial Solutions, Inc. (BR:$4,684.10)
Broadridge Financial Solutions, Inc. is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers globally. Broadridge provides investor communications, securities processing and operations outsourcing solutions. "
target: Dojima
Dojima is a niche technology firm founded by industry veterans who recognized the need for an effective technical solution to meet the challenges posed by evolving global derivatives reforms.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/24/2017 via BNC Analysis

MergerMarket Group, acquired TIM Group

synopsis: Mergermarket Group, a BC Partners portfolio company, announced that it has acquired TIM Group. Established in 2002 and headquartered in London, TIM Group specialises in the electronic delivery of equity trade ideas and investment recommendations through its independent distribution platform.
buyer parent: BC Partners
buyer: MergerMarket Group
Mergermarket Group is a global media company providing investment banks, advisory professionals, fund managers, private equity firms, industry and corporate professionals with forward-looking intelligence, analysis and data. "
target: TIM Group
TIM Group connects financial industry professionals with its proprietary network and technology, revolutionizing how investment advice is distributed, analysed and monetized. TIM Group network analyses and measures trade idea performance, facilitating compliance in line with MiFID II requirements.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/22/2009 via Market Wire

Pipeline Trading Systems LLC, acquired 3D Markets, Inc.

synopsis: Pipeline Financial Group, Inc., a global leader in block execution systems, announced that it has acquired the assets of 3D Markets, Inc., including the Archangel Blind-Bid Cross™. Archangel™ established the first block options execution system.
buyer: Pipeline Trading Systems LLC
Pipeline Trading Systems LLC is a broker/dealer and operator of Pipeline, an alternative trading system. Pipeline enables institutions and brokerage firms to trade blocks of NYSE, AMEX, and NASDAQ listed issues; ADRs; and exchange traded funds, as well as facilitates interaction between traders. "
target: 3D Markets, Inc.
3D Markets, Inc. creates and develops software and networks to provide innovative solutions aimed at assisting institutional investors by adding liquidity to existing options markets.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/8/2016 via Company Press Release

LineData Services, acquired Derivation Software

synopsis: Linedata, the global solutions provider dedicated to the investment management, insurance and credit industries, completed the acquisition of Derivation, a leading specialist provider of risk, analytics, and portfolio management solutions to institutional and hedge fund managers.
buyer: LineData Services (ENXTPA:LIN:$197.04)
Linedata is a global solutions provider dedicated to the investment management and credit community. Linedata applies its market and client insight to provide innovative and flexible mission-critical software and services that help its clients grow in over 50 countries. "
target: Derivation Software
Derivation provides market-leading integrated accounting, trading and risk management solutions. Derivation was established in 1996, its founders having spent the previous 10 years developing derivative trading & risk management systems at ABN AMRO and NatWest Markets.
price ($mm)
rev ($mm)
$3
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 2/15/2007 via

INVESTools, Inc. merged with thinkorswim Group, Inc.,

synopsis: INVESTools Inc., the market leader in fulfilling the lifelong education needs of self-directed investors, and thinkorswim Group Inc., a leading online brokerage platform serving the execution needs of self-directed investors, have signed a definitive agreement to merge the two companies in a transaction valued at approximately $340 million.
buyer: thinkorswim Group, Inc. (:$371.80)
thinkorswim is a leading online brokerage company specializing in options that also offers customers a broad range of products including equities, futures, mutual funds, and bonds. "
target: INVESTools, Inc. (:$170.33)
INVESTools Inc. is a global leader in investor education. The Company offers a full range of investor education products and services that provide lifelong learning in a variety of delivery formats.
price ($mm)
$340
rev ($mm)
$45
EBITDA ($mm)
EV / rev
7.5x
EV / EBITDA
announced 10/30/2017 via BNC Analysis

Ion Group, will acquire Aspect Enterprise Solutions

synopsis: Aspect, a UK-based global provider of cloud-based solutions for commodity trade and risk management, commodities data and decision support, has entered into a definitive agreement to be acquired by Ion Investment Group. Aspect's range of solutions are empowering enterprises of all sizes trade oil, gas, petrochemicals, metals, biofuels and more.
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: Aspect Enterprise Solutions
Based in the UK, Aspect is a global SaaS provider for integrated Commodity Trading, Risk and Data Management, helping users to perform pre-trade analysis, trading, risk and operations management in one system. Their solutions help companies trade oil, gas, petrochemicals, metals, biofuels and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/27/2016 via BNC Analysis

DTXS Silk Road Investment Holdings Company Limited, will acquire m-FINANCE Limited

synopsis: DTXS Silk Road, an investment company, is acquiring m-FINANCE, the leading and most experienced Forex / Bullion Trading Solutions Provider in Asia. m-FINANCE has been striving for excellence in providing trading platform solutions, mobile trading Apps, financial value-added services and comprehensive financial information.
buyer: DTXS Silk Road Investment Holdings Company Limited (SEHK:620:$20.87)
DTXS Silk Road Investment Holdings Company Ltd is an investment company. The Company invests in a variety of industries including construction, tourism, and trade. "
target: m-FINANCE Limited
m-FINANCE , established in 2002, is the leading and most experienced Forex / Bullion Trading Solutions Provider in Asia. They are headquartered in Hong Kong.
price ($mm)
$3.71*
rev ($mm)
$4
EBITDA ($mm)
EV / rev
1.6x
EV / EBITDA
closed 11/29/2010 via PR Newswire

Brady plc, acquired Viz Risk Management

synopsis: Brady plc, the leading supplier of trading and risk management solutions for metals and commodities, announced their acquisition of Viz Risk Management, the leading provider of risk management and trading solutions to the European energy markets, principally electricity, gas, emission certificates and coal.
buyer: Brady plc (AIM:BRY:$39.97)
Brady plc is a leading global provider of trading and risk management software to the global commodity markets. Brady combines fully integrated and complete solutions supporting the entire commodity trading operation. "
target: Viz Risk Management
Viz has a client-base of major European energy participants in electricity, gas, coal and emissions, using their market-leading Elviz ETRM trading and risk management solutions. Elviz ETRM will be Brady's offering in the energy sector and will be part of their "single source - single view" strategy.
price ($mm)[EV]
$15 [$12]
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/1/2010 via PR Newswire

IntercontinentalExchange, acquired TradeCapture OTC Corp.

synopsis: IntercontinentalExchange, a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, announced the acquisition of TradeCapture OTC, a leading provider of web-enabled solutions for commodity trading with real-time prices.
buyer: IntercontinentalExchange (ICE:$5,588.00)
IntercontinentalExchange (ICE) operates the leading global, electronic marketplace for trading both futures and OTC energy contracts. ICE offers a range of contracts based on crude oil and refined products, natural gas, power and emissions. "
target: TradeCapture OTC Corp.
TradeCapture OTC, Corp. is a leading global provider of web-enabled solutions designed and developed for companies in the field of commodity trading and risk management. TradeCapture provides the trading community with the most robust, user-friendly, enterprise-wide software package available.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/29/2014 via PR Newswire

ETX Capital, acquired Ariel Communications

synopsis: ETX Capital, a fast-growing, dynamic financial spread betting and CFD trading company based in the City of London, is pleased to announce the acquisition of Ariel Communications, a leading provider of multi-asset trading platforms.
buyer: ETX Capital
ETX Capital is a fast-growing, dynamic financial spread betting and CFD trading company based in the City of London. It provides investors with unrivalled levels of customer support from friendly, knowledgeable staff, all delivered with the utmost client confidentiality. "
target: Ariel Communications
Ariel Communications offers web and mobile trading software products (FX, CFD and FSB) for banks & brokerages. Ariel’s award-winning multi-asset trading platform is recognized throughout the industry as a byword for speed, quality, flexibility and reliability.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/16/2019 via PR Newswire

DrillingInfo Inc., acquired MineralSoft

synopsis: Drillinginfo, the leading energy SaaS and data analytics company, announced it has acquired MineralSoft. MineralSoft is a software platform designed to make managing mineral, royalty, and non-operated working interests easier and more profitable.
buyer parent: Genstar Capital LLC
buyer: DrillingInfo Inc.
Drillinginfo delivers business-critical insights to the energy, power, and commodities markets. Its state-of-the-art SaaS platform offers sophisticated technology, powerful analytics, and industry-leading data. "
target: MineralSoft
MineralSoft is the leading software platform for managing minerals, royalties, and non-operated working interests. Focused exclusively on helping owners of these non-operated assets maximize value, MineralSoft delivers powerful revenue and land management solutions through its SaaS platform.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/20/2017 via BusinessWire

Vela Trading Technologies, will acquire OptionsCity Software, Inc.

synopsis: Vela Trading Technologies LLC (Vela), a global leader in high performance trading and market data technology, has entered into a definitive agreement to acquire OptionsCity Software, a global provider of futures and options trading and analytics solutions.
buyer parent: Insight Venture Partners
buyer: Vela Trading Technologies
Vela Trading Technologies is an independent global leader in high performance trading and market data technology. They provide the breadth of coverage and depth of expertise demanded by today’s multi-asset, multi-region electronic trading environment. "
target: OptionsCity Software, Inc.
OptionsCity powers the trading, risk management and analytics needs of futures and options traders, market makers, financial institutions and other market participants worldwide. OptionsCity is a certified Independent Software Vendor and a leading source of electronic options trading volume.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/2/2018 via BNC Analysis

CVC Capital Partners, will acquire OANDA Corporation

synopsis: CVC Capital Partners (CVC) will acquire all of the outstanding equity of OANDA. OANDA® is a global online retail trading platform, currency data and analytics company. OANDA's award-winning technology enables clients to trade currencies, equity indices, commodities, treasuries and precious metals.
buyer: CVC Capital Partners
CVC Capital Partners is a leading private equity and investment advisory firm. Founded in 1981, CVC today has a network of 23 offices and approximately 450 employees throughout Asia, Europe and the U.S. "
target: OANDA Corporation
OANDA® is a global online retail trading platform, currency data and analytics company. OANDA's award-winning technology and institutional-grade execution across a wide range of asset classes, enables clients to trade currencies, equity indices, commodities, treasuries and precious metals.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/4/2016 via BNC Analysis

Simply Wall St, acquired Capp.io

synopsis: Sydney fintech startup Simply Wall St has announced its first acquisition, picking up Atlanta, Georgia startup Capp.io. Like its Australian counterpart, Capp.io looks to make research around investment easy for the self-directed retail investor.
buyer: Simply Wall St
Simply Wall St is a Sydney based startup that helps people become better investors by turning complicated financial data into easy to understand infographics. Their goal is to empower retail investors to make profitable non-emotional long term investment decisions. "
target: Capp.io
Capp.io is a simple stock research tool to help validate ideas for millennial investors. Lead growth, user experience and product feedback.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/27/2005 via BusinessWire

INVESTools, Inc., acquired Prophet Financial Systems, Inc.

synopsis: INVESTools Inc., the market leader in fulfilling the lifelong education needs of self-directed investors, announced the acquisition of Prophet.Net and Prophet Financial Systems, a software development company located in Palo Alto, CA that creates Web-based products enabling active investors to use technical analysis to trade more profitably.
buyer: INVESTools, Inc. (:$170.33)
INVESTools Inc. is a global leader in investor education. The Company offers a full range of investor education products and services that provide lifelong learning in a variety of delivery formats. "
target: Prophet Financial Systems, Inc.
Prophet Financial Systems provides financial content and innovative web-based software applications to help online investors make more profitable trading decisions. The company provides products and services with capabilities that were once available exclusively to professional traders and institut
price ($mm)
$7.90
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/12/2020 via BusinessWire

iCapital Network, will acquire Artivest

synopsis: iCapital Network, the leading financial technology platform driving access and efficiency in alternative investing for the asset and wealth management industries, will acquire Artivest, one of the most innovative technology companies for accessing and investing in alternatives.
buyer: iCapital Network
iCapital Network powers the world’s alternative investment marketplace. Its financial technology platform transforms the way alternative investments are bought and sold through the development of tech-based solutions for advisors, their high-net-worth client base, asset managers, and banks. "
target: Artivest
Artivest transforms the way financial advisors and investors access, evaluate, and invest in private equity, real assets, and hedge funds. The company's platform delivers a streamlined digital experience for investors to transact directly with a wide selection of high-quality private alternatives.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/10/2007 via BusinessWire

Prosoft Engineering, purchased “BlueChip” stock tracking software from Eyenovation Multimedia LLC

synopsis: Prosoft Engineering, Inc. has agreed to acquire Eyenovation Multimedia LLC’s “BlueChip” stock tracking software for the purpose of consolidating the user base into Prosoft’s soon to debut application, “Stox.”
buyer: Prosoft Engineering
Established in 1985, Prosoft Engineering, Inc. specializes in creating professional quality software designed to be easily used by both novice and expert users. Prosoft started out as an engineering services company doing contract development work for Apple and most key Mac OS developers. "
seller: Eyenovation Multimedia LLC
Eyenovation Multimedia, LLC, a multimedia agency, provides graphic design and multimedia development services in southern California. It offers Web development services, print design, including identity development and multi-page documents, media solutions, and Web hosting services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/29/2020 via Company Press Release

Singapore Stock Exchange, will acquire BidFX

synopsis: Singapore Exchange (SGX), Asia’s most international multi-asset exchange and largest FX derivatives marketplace, will acquire BidFX from TradingScreen, a leading expert on SaaS trading technology. BidFX is a leading cloud-based FX trading platform that allows institutional investors to manage trade flow and avoid market manipulation.
buyer: Singapore Stock Exchange (SGX:S68:$733.19)
Singapore Exchange (SGX) is Asia’s leading market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services. "
target parent: TradingScreen Inc
target: BidFX
BidFX is a leading cloud-based FX trading platform for institutional investors. BidFX is the first Execution Management System (EMS) for the FX market. They provide FX traders with efficient trading tools that allow them to manage trade flow, avoid market manipulation, and control market impact.
price ($mm)
$103*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/3/2018 via GlobeNewswire

Altus Group Limited, acquired Taliance Group

synopsis: Altus Group Limited, a leading provider of commercial real estate services, software and data solutions to the global commercial real estate industry, has acquired Taliance Group. Taliance is a best-in-class and rapidly-growing provider of cloud-based alternative investment software used by some of the largest investment firms worldwide.
buyer: Altus Group Limited (TSX:AIF:$469.28)
Based in Canada, Altus Group is the leading provider of independent advisory services, software, and data solutions to the global commercial real estate industry. CRE professionals world-wide have trusted Altus Group to better manage risk, inform decision making, and drive investment performance. "
target: Taliance Group
Based in France, Taliance Group provides cloud-based collaborative business solutions to alternative investment firms globally allowing them to improve their modelling, forecasting and risk management processes in real time.
price ($mm)
$23
rev ($mm)
$5
EBITDA ($mm)
EV / rev
4.3x
EV / EBITDA
closed 2/18/2020 via BusinessWire

BitGo, acquired Harbor, Inc.

synopsis: BitGo, the leader in digital asset financial services, has acquired Harbor, a digital securities platform, and its broker-dealer and transfer agent subsidiaries. The acquisition extends BitGo’s capabilities to address a wider class of digital assets for institutional investors and provides a foundation for a full-stack digital assets solution.
buyer: BitGo
BitGo is the leader in digital asset financial services, providing institutional investors with security, custody, and liquidity solutions. BitGo processes over 20% of all global bitcoin transactions, and supports over 200 coins and tokens. "
target: Harbor, Inc.
Harbor is the leading digital securities platform for alternative assets that improve the investment experience for investors, issuers, and their placement agents. Harbor automates the manual processes of alternative investment subscriptions, investor management, and secondary transfers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/16/2020 via BusinessWire

BitGo, acquired Lumina Technologies, Inc.

synopsis: BitGo, the leader in digital asset financial services, announced that it acquired Lumina, a comprehensive crypto-native financial platform. Lumina is trusted by leading investment funds, enterprises, and professionals who demand an institutional-grade solution.
buyer: BitGo
BitGo is the leader in digital asset financial services, providing institutional investors with security, custody, and liquidity solutions. BitGo processes over 20% of all global bitcoin transactions, and supports over 200 coins and tokens. "
target: Lumina Technologies, Inc.
Lumina is a comprehensive crypto-native financial platform. Lumina is trusted by leading investment funds, enterprises, and professionals who demand an institutional-grade solution. Their platform offers solutions for portfolio management, accounting and tax, pricing and transaction APIs, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/18/2020 via BusinessWire

BitGo, acquired Harbor, Inc.

synopsis: BitGo, the leader in digital asset financial services, has acquired Harbor, a digital securities platform, and its broker-dealer and transfer agent subsidiaries. The acquisition extends BitGo’s capabilities to address a wider class of digital assets for institutional investors and provides a foundation for a full-stack digital assets solution.
buyer: BitGo
BitGo is the leader in digital asset financial services, providing institutional investors with security, custody, and liquidity solutions. BitGo processes over 20% of all global bitcoin transactions, and supports over 200 coins and tokens. "
target: Harbor, Inc.
Harbor is the leading digital securities platform for alternative assets that improve the investment experience for investors, issuers, and their placement agents. Harbor automates the manual processes of alternative investment subscriptions, investor management, and secondary transfers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/3/2019 via BusinessWire

BitGo, acquired Hedge Connect

synopsis: BitGo has acquired Hedge, a leader in scalable, programmatic deployment of staking infrastructure. Hedge is a complete software platform for running a blockchain-powered business. Hedge reduces the complexity of managing keys and network interaction.
buyer: BitGo
BitGo is the leader in digital asset financial services, providing institutional investors with security, custody, and liquidity solutions. BitGo is the world's largest processor of on-chain bitcoin transactions, processing 15% of all global Bitcoin transactions. "
target: Hedge Connect
Hedge is a complete software platform for running a blockchain-powered business. Hedge reduces the complexity of managing keys and network interaction. Hedge provides Hedge Connect, a fully-managed network infrastructure to support blockchain-powered applications.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/17/2021 via BNC Analysis

Cinaport Capital Inc., will acquire Coinberry Limited

synopsis: Toronto-based Cinaport Capital Inc., through Cinaport Acquisition Corp. III, will acquire Coinberry Limited, a Canadian financial technology solutions provider focused on blockchain and crypto asset solutions. Coinberry is the only crypto asset trading platform that allows Canadian municipalities to accept municipal tax payments in Bitcoin.
buyer: Cinaport Capital Inc. (TSXV:CAC.P:$0.00)
Cinaport Capital Inc. is a strategic advisory firm and an exempt market dealer based in Toronto, Canada, that helps its partners identify, access, and execute international market opportunities. They offer practical solutions to China-based companies seeking access to the Canadian capital markets. "
target: Coinberry Limited
Coinberry is a Toronto-based financial technology solutions provider focused on blockchain and crypto asset solutions. Its digital asset trading platform, Coinberry.com, offers investors a safe way to buy, sell, and process payments made with Bitcoin, Ethereum, and other crypto assets in Canada.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/26/2020 via Company Press Release

Metal Pay, acquired Bloks.io

synopsis: Metal Pay has acquired Bloks.io, a multifunctional block explorer for the EOSIO blockchain. Bloks.io was launched as a block explorer for the EOS blockchain, but soon grew into a multi-purpose EOSIO platform with support for other networks like Telos, Wax, and even Proton, the native blockchain for Metal Pay.
buyer: Metal Pay
Metal Pay is the only app that rewards customers when they send money to friends. Each time someone sends or receive money, they can receive a reward of up to 5% of the transaction value in MTL. "
target: Bloks.io
Bloks.io is a multifunctional block explorer for the EOSIO blockchain. Bloks.io was launched as a block explorer for the EOS blockchain, but soon grew into a multi-purpose EOSIO platform with support for other networks like Telos, Wax, and even Proton, the native blockchain for Metal Pay.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/16/2020 via Company Press Release

SIX Swiss Exchange, will acquire Custodigit AG

synopsis: SIX Digital Exchange agreed to take a major stake in Custodigit and to partner with Swisscom, Switzerland’s leading telecoms & IT company, and Sygnum, the first digital asset bank to be formally recognized by Switzerland’s regulator, FINMA. SIX Digital Exchange and Custodigit will provide a unique Institutional Digital Asset Gateway.
buyer: SIX Swiss Exchange
SIX provides a comprehensive range of services in the areas of securities trading, settlement of securities transactions, financial information processing, and cashless payment transactions. "
target parent: Swisscom
target: Custodigit AG
Custodigit is the easiest and most secure way for regulated financial service providers to offer digital assets to their clients. Through institutional investor-grade custody solution targeting regulated financial institutions, the Custodigit platform covers the entire lifecycle of digital assets.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/22/2020 via PR Newswire

Voyager Digital Ltd. Holdings Inc., acquired LGO, SAS

synopsis: Voyager Digital Ltd., a publicly traded, licensed crypto-asset broker that provides investors with a turnkey solution to trade crypto assets, has merged its European operations into LGO, SAS, the leading cryptocurrency liquidity platform for institutions.
buyer: Voyager Digital Ltd. Holdings Inc. (CNSX:VYGR:$0.51)
Voyager is a crypto asset broker that provides retail and institutional investors with a turnkey solution to trade crypto assets. Voyager offers investors best execution, data, wallet and custody services through its institutional-grade open architecture platform. "
target: LGO, SAS
LGO is the leading cryptocurrency liquidity platform for institutions. With a unique account, you can buy, sell, borrow, and lend cryptocurrencies. LGO believes that capital markets will transform through three technological levers: digitization, automation and openness.
price ($mm)
$0.50
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/21/2019 via Company Press Release

Coinbase Custody, purchased institutional business from Xapo

synopsis: Coinbase Custody, a company that offers clients access to the secure, institutional-grade offline storage solution that is used by Coinbase’s exchange business, has acquired Xapo’s institutional businesses. Xapo is a E-money institution, that offers a multi-currency digital wallet and card that operates in the global market.
buyer parent: Coinbase
buyer: Coinbase Custody
Coinbase Custody offers clients access to the secure, institutional-grade offline storage solution that is used by Coinbase’s exchange business. Coinbase Custody is an independent entity built on Coinbase’s crypto-first DNA, offering the most sophisticated and reliable custody solution in the world "
seller: Xapo
Xapo is a E-money institution, that offers a multi-currency digital wallet and card that operates in the global market. Their mission is to give users from all over the world the ability to send, receive, spend and store their money, globally and safely.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/29/2020 via Company Press Release

Catalyst Corporate Federal Credit Union, acquired Aptys Solutions

synopsis: Catalyst Corporate has acquired Aptys Solutions, the leading provider of real-time processing and electronic payments solutions for correspondent service providers. The acquisition of Aptys Solutions’ consolidated payments platform positions Catalyst Corporate to be the premier provider of end-to-end, multi-channel payments for credit unions.
buyer: Catalyst Corporate Federal Credit Union
Catalyst Corporate is a wholesale cooperative financial institution that serves more than 1,400 member and client credit unions. Catalyst Corporate provides its members with core financial services and back-office support, including payment solutions, liquidity, investment options, and more. "
target: Aptys Solutions
Aptys Solutions provides electronic payment services to financial institutions worldwide. Aptys’ PayLOGICS suite of products provide origination, processing, and fraud tools for check, Automated Clearing House, and wire payments.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/7/2021 via GlobeNewswire

Global Care Capital Inc., will acquire CCM Technologies

synopsis: Global Care Capital Inc. a global investment company which engages in early stage investment opportunities in private and public companies, is pleased to announce that it has entered into a letter of intent to acquire CCM Technologies Inc., a Canadian digital asset technology company that provides infrastructure for the blockchain ecosystem.
buyer: Global Care Capital Inc. (CNSX:HLTH:($0.68))
Global Care Capital, based in Canada, is a global investment company which specializes in providing early-stage financing to private and public companies. The Company engages in new, early-stage investment opportunities in previously underdeveloped assets. "
target: CCM Technologies
CCM Technologies Inc., based in Canada, is a digital asset technology company with a focus on providing infrastructure for the blockchain ecosystem and mining of cryptocurrencies. They use state of the art ASIC chips to mine cryptocurrency.
price ($mm)
$8.32
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/28/2020 via BusinessWire

Guru Capital, will acquire ETX Capital

synopsis: Guru Capital, a Switzerland-based private equity firm, will acquire ETX Capital from JRJ Group, a leading international private equity investment firm. ETX Capital is a leading provider of financial spread betting, forex and CFDs in the UK. ETX Capital offers online trading services for forex, commodities, cryptocurrencies, shares, and indices.
buyer: Guru Capital
Guru Capital is a Switzerland-based private equity firm with specific experience in the CFD space. Guru Capital seeks investment opportunities with active companies in the EMEA and APAC regions whom have a special focus on FX & CFD. "
target parent: JRJ Group
target: ETX Capital
ETX Capital is a leading provider of financial spread betting, forex and CFDs in the UK. ETX Capital offers online trading services for forex, commodities, cryptocurrencies, shares, and indices. Their platform empowers traders to stay ahead of financial markets with advanced research tools.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/27/2018 via BNC Analysis

Santeon Inc., will acquire Corum, LLC

synopsis: Santeon, a leading technology company, has agreed to acquire Corum, LLC. Corum provides CorumX, a Crypto-currency and ICO Trading Platform. Corum is a pioneer in secure, high-volume, scalable online transaction-based technology. The platform is secure, easy to use, reliable, always available and focused on protecting each stakeholder transaction.
buyer: Santeon Inc. (SANT:$5.42)
Santeon Inc. is a technology company that enables organizations to optimize performance and maximize revenues through managed processes - solving complex business process, compliance and integration challenges from both a system integration and a human process perspective. "
target: Corum, LLC
Corum, LLC is the developer of the Crypto-currency and ICO Trading Platform CorumX. Corum is a pioneer in secure, high-volume, scalable online transaction-based technology. The platform is secure, easy to use, reliable, always available and focused on protecting each stakeholder transaction.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/5/2020 via Company Press Release

Seedrs will be merged with Crowdcube Limited,

synopsis: Crowdcube and Seedrs will merge, in a move that will accelerate their shared plan to create the world’s largest private equity marketplace and further democratise investment. Seedrs is the world’s leading equity crowdfunding platform. Seedrs makes it simple for anyone to become investors in ambitious, growth-focused European businesses.
buyer: Crowdcube Limited
Crowdcube is a leading equity crowdfunding platform for entrepreneurs of start-ups and growing businesses to connect with potential investors. Dedicated to helping UK-based entrepreneurs raise finance to start or grow their business, Crowdcube gives investors real equity in the companies they fund. "
target: Seedrs
Seedrs is the world’s leading equity crowdfunding platform. Seedrs makes it simple for anyone—from angels and venture capitalists, to friends and family—to become investors in ambitious, growth-focused European businesses.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/16/2020 via BusinessWire

Fiserv, Inc., will acquire Ondot Systems

synopsis: Fiserv, a leading global provider of financial services technology solutions, announced that it has signed a definitive agreement to acquire Ondot Systems, a leading digital experience platform for financial institutions. Ondot provides more than 4,500 banks and credit unions with a digital card services platform to drive cardholder engagement.
buyer: Fiserv, Inc. (FISV:$14,852.00)
Fiserv is a global leader in payments and financial technology. The company helps clients achieve best-in-class results through a commitment to innovation in areas including account processing and digital banking solutions, card issuer processing and network services, payments, and more. "
target: Ondot Systems
Ondot provides more than 4,500 banks and credit unions with a digital card services platform to drive cardholder engagement. Ondot enables financial institutions to offer in-the-moment convenience and control for credit and debit cards, leading to higher usage, lower cost, and reduced fraud.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/5/2020 via Wall Street Journal

Nexi S.p.A., will acquire SIA Group

synopsis: Italy’s Nexi SpA agreed to acquire crosstown fintech rival SIA SpA in a stock deal that creates a European giant in the fast-consolidating payments sector. SIA is European leader in the design, creation and management of technology infrastructures and services for Financial Institutions, Central Banks, Corporates and the Public Sector.
buyer: Nexi S.p.A. (:$1,808.17)
Nexi, based in Milan, is currently Italy’s biggest payments processor. Its services and technology are used by consumers, business and governments to make, process and manage digital payments in-store or online. "
target: SIA Group
SIA is European leader in the design, creation and management of technology infrastructures and services for Financial Institutions, Central Banks, Corporates and the Public Sector, in the areas of Card & Merchant Solutions, Digital Payment Solutions and Capital Market & Network Solutions.
price ($mm)
$5,344
rev ($mm)
$860
EBITDA ($mm)
$330
EV / rev
6.2x
EV / EBITDA
16.2x
closed 8/31/2020 via BNC Analysis

paydirekt GmbH merged with giropay GmbH,

synopsis: Paydirekt, a secure online payment method for German banks and savings banks, is merging with giropay GmbH, a company that develops innovative, secure payment and verification solutions on the basis of online banking, and has become firmly established in the German e-commerce and e-government market.
buyer: giropay GmbH
giropay GmbH develops innovative, secure payment and verification solutions on the basis of online banking, and has become firmly established in the German e-commerce and e-government market. "
target: paydirekt GmbH
paydirekt GmbH is a secure online payment method for German banks and savings banks. With paydirekt, users pay for online purchases easily and directly from their current account - without any third-party providers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/18/2019 via BusinessWire

TSYS merged with Global Payments, Inc.,

synopsis: Global Payments Inc., a leading worldwide provider of payments technology and software solutions, announced that it has completed its merger with TSYS, a global payments provider, offering solutions across the payments spectrum — from issuer processing to prepaid program management.
buyer: Global Payments, Inc. (GPN:$7,509.97)
Global Payments develops software, and partners with providers to deliver highly competitive ecommerce and omnichannel solutions in a global economy. Their products enable customers to offer seamless payment experiences in-person, online, on device, and over the phone across a wide range of markets."
target: TSYS (TSS:$4,075.57)
Total System Services, or TSYS, is a global payments provider, offering solutions across the payments spectrum — from issuer processing to prepaid program management. They offer issuer services and merchant payment acceptance for credit, debit, prepaid, healthcare and business solutions.
price ($mm)[EV]
$22,142 [$26,061]
rev ($mm)
$4,076
EBITDA ($mm)
$1,192
EV / rev
6.4x
EV / EBITDA
22.0x
announced 8/1/2016 via Market Wire

BluePoint Solutions will be merged with Alogent Corporation,

synopsis: Battery Ventures, a global investment firm, has reached an agreement to acquire Bluepoint Solutions, a privately-owned, financial technology company. Bluepoint Solutions will merge with Alogent, another financial technology company acquired by Battery Ventures.
buyer parent: Battery Ventures
buyer: Alogent Corporation
Alogent is the market leader in providing solutions for deposit automation to some of the largest banks in the world. Alogent continues to forge ahead through the creation of specialized technologies and services that utilize imaging and automation to achieve proven results. "
target: BluePoint Solutions
Bluepoint Solutions provides end-to-end payment processing and content management solutions to community financial institutions. Over 1,400 credit unions and community banks nationwide have deployed its enterprise technology.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/21/2016 via BusinessWire

MasterCard Incorporated, will acquire VocaLINK

synopsis: MasterCard Incorporated announced that it has entered into a definitive agreement to acquire 92.4 percent of VocaLink Holdings Limited for approximately US$920 million. VocaLink is a global payments partner to banks, corporate and governments. It designs, builds and operates world-class payment systems.
buyer: MasterCard Incorporated (MA:$15,301.00)
MasterCard is a technology company in the global payments industry. Mastercard operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. "
target: VocaLINK
VocaLink is a global payments partner to banks, corporate and governments. It designs, builds and operates world-class payment systems.VocaLink's platform and payment industry expertise make it easier for people to make payments securely.
price ($mm)
$924*
rev ($mm)
$240
EBITDA ($mm)
$37
EV / rev
5.1x
EV / EBITDA
33.3x
announced 6/19/2015 via New York Times

Advent International, Bain Capital, Clessidra SGR, will acquire Istituto Centrale delle Banche Popolari Italiane

synopsis: A consortium of private equity firms that includes Bain Capital, Advent International and the Italian firm Clessidra has agreed to acquire the Italian payment and clearing services company Istituto Centrale delle Banche Popolari Italiane.
buyer: Bain Capital
buyer: Advent International
buyer: Clessidra SGR
Bain Capital, LLC is a global private investment firm that manages several pools of capital. Advent International is one of the world’s leading global buyout firms. Clessidra is the leading manager of Private Equity funds exclusively dedicated to the Italian market. "
target: Istituto Centrale delle Banche Popolari Italiane (:$1,808.17)
Istituto Centrale delle Banche Popolari Italiane (ICBPI) is an Italian bank specialising in payment services owned by domestic cooperative banks. ICBPI earns fees on payment, clearing and credit card services provided to Italian cooperative banks.
price ($mm)[EV]
$2,437 [$2,495]*
rev ($mm)
$490
EBITDA ($mm)
EV / rev
6.0x
EV / EBITDA
announced 12/3/2012 via BNC Analysis

Monitise plc, will acquire The Mobile Money Network

synopsis: Monitise Plc agreed to buy control of Mobile Money Network Ltd. The Mobile Money Network Ltd. develops mobile services that bring together a network of retailers, advertisers, banks and media owners to provide consumers with a simple way to discover and buy goods and services using their mobile phone.
buyer: Monitise plc (AIM:MONI:$79.40)
Monitise plc is a technology and services company delivering mobile banking, payments and commerce networks worldwide with the proven technology and expertise to enable financial institutions and other service providers to offer a wide range of services to their customers. "
target: The Mobile Money Network
The Mobile Money Network Ltd. develops mobile services that bring together a network of retailers, advertisers, banks and media owners to provide consumers with a simple way to discover and buy goods and services using their mobile phone.
price ($mm)
$28*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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Seedrs

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SIA Group

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BluePoint Solutions

VocaLINK

Istituto Centrale delle Banche Popolari Italiane

The Mobile Money Network

Geography
Matching Companies
Ticker: AIM:BRY
 
 
 
 
 
 
 
 
Brady plc
Brady plc
Brady plc is the leading provider of software solutions for global commodity trading. They offer a choice of trading and risk management applications designed to enable producers, financial organisations and trading companies to manage their commodity transactions in an integrated solution.
year
2017
rev ($mm)
$39.97
EBITDA ($mm)
($2.65)
EBIT ($mm)
($3.47)
Net Income ($mm)
Employees
253
  • drill down
  • watch
Ticker: BLK
 
 
 
 
 
 
 
 
BlackRock, Inc.
BlackRock, Inc.
BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. They help clients around the world meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares®, and more.
year
2019
rev ($mm)
$13,880.00
EBITDA ($mm)
$5,602.00
EBIT ($mm)
$5,300.00
Net Income ($mm)
$4,199.00
Employees
0
  • drill down
  • watch
Ticker: MKTX
 
 
 
 
 
 
 
 
MarketAxess Holdings, Inc.
MarketAxess Holdings, Inc.
MarketAxess operates a leading, institutional electronic trading platform delivering expanded liquidity opportunities, improved execution quality and significant cost savings across global fixed-income markets.
year
2020
rev ($mm)
$615.14
EBITDA ($mm)
$350.02
EBIT ($mm)
$321.32
Net Income ($mm)
$262.94
Employees
527
  • drill down
  • watch
Ticker:
 
 
 
 
 
 
 
 
Infront AS
Infront provides electronic trading solutions and real-time market data, news, and analytics covering financial key markets in all asset classes. Infront’s terminal, mobile apps and versatile electronic trading solutions connect professional users to their local and international markets.
year
2020
rev ($mm)
$134.41
EBITDA ($mm)
$25.22
EBIT ($mm)
$12.02
Net Income ($mm)
Employees
508
  • drill down
  • watch
Ticker: INIX.PK
 
 
 
 
 
 
 
 
iFinix Corporation
iFinix Corporation
Ifinix is a leading global provider of financial and business information to professionals and active individual investors. Building on a 20-year legacy of delivering time-sensitive financial information, Ifinix provides streaming, real-time market data, news and analytics.
year
2011
rev ($mm)
$0.54
EBITDA ($mm)
($0.26)
EBIT ($mm)
($0.27)
Net Income ($mm)
Employees
  • drill down
  • watch
Ticker: OTCPK:APTY
 
 
 
 
 
 
 
 
APT Systems, Inc.
APT is an acronym for Applied Proprietary Trading. The Management of APT Systems, Inc. works to deliver stock trading tools with a focus on handheld devices.
year
2018
rev ($mm)
$0.01
EBITDA ($mm)
($1.69)
EBIT ($mm)
($1.72)
Net Income ($mm)
Employees
  • drill down
  • watch
Ticker: GB:FFA.GB
 
 
 
 
 
 
 
 
FFastFill plc
FFastFill plc
FFastFill is the leading provider of Software as a Service to the global derivatives community, using the latest developments in technology to automate trade flow processes across a firm's front, middle and back offices.
year
2011
rev ($mm)
$24.91
EBITDA ($mm)
$6.69
EBIT ($mm)
$3.39
Net Income ($mm)
$2.90
Employees
  • drill down
  • watch
Ticker: FXIT
 
 
 
 
 
 
 
 
Forex International Trading Corp.
Forex International Trading Corp.
Forex International Trading develops the next generation of Forex trading platforms. 4XINT Trader is an advanced online trading platform for the Forex market.
year
2011
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
  • drill down
  • watch
Ticker: ASX:REV
 
 
 
 
 
 
 
 
Real Estate Investar
Real Estate Investar
Real Estate Investar is an Australian provider of products and services for property investors. Real Estate Investar helps people to find, analyse and track investment properties. Their platform provides users with all the tools, data and information they need to invest in property successfully.
year
2019
rev ($mm)
$0.59
EBITDA ($mm)
($0.38)
EBIT ($mm)
($0.63)
Net Income ($mm)
Employees
0
  • drill down
  • watch
Ticker: MORN
 
 
 
 
 
 
 
 
Morningstar, Inc.
Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, and institutions.
year
2020
rev ($mm)
$1,244.10
EBITDA ($mm)
$251.90
EBIT ($mm)
$184.60
Net Income ($mm)
$142.70
Employees
6896
  • drill down
  • watch
Ticker: TSXV:ALY
 
 
 
 
 
 
 
 
AnalytixInsight
AnalytixInsight
AnalytixInsight Inc's Big Data Analytics platform helps transform data into narratives. Their flagship product Capital Cube provides high-quality financial research and content for investors, information providers, finance portals and media.
year
2016
rev ($mm)
$1.66
EBITDA ($mm)
($1.51)
EBIT ($mm)
($1.64)
Net Income ($mm)
Employees
  • drill down
  • watch
Ticker: SSNC
 
 
 
 
 
 
 
 
SS&C Technologies, Inc.
SS&C Technologies, Inc.
SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry.
year
2020
rev ($mm)
$4,669.30
EBITDA ($mm)
$1,685.20
EBIT ($mm)
$947.10
Net Income ($mm)
$456.90
Employees
22800
  • drill down
  • watch
Ticker: XTRA:NIIN
 
 
 
 
 
 
 
 
niiio finance group AG
niiio finance group AG
Germany-based Niiio finance group AG is a provider of cloud banking software with a focus on wealth management. As a "full-service provider", the company digitizes its customers' processes so that they can work efficiently, flexibly and legally.
year
2019
rev ($mm)
$0.29
EBITDA ($mm)
($1.21)
EBIT ($mm)
($1.22)
Net Income ($mm)
Employees
4
  • drill down
  • watch
Ticker: TSE:3491
 
 
 
 
 
 
 
 
GA technologies Co., Ltd
GA technologies Co., Ltd
GA technologies is a Japanese developer of real estate mobile apps and websites. Their Renosy app allows users to search for apartments and condos in Japan. Their Renosy Insight app allows real estate investors to manage their portfolio, simulate purchases and sales, manage contracts and more.
year
2020
rev ($mm)
$438.74
EBITDA ($mm)
$17.91
EBIT ($mm)
$11.95
Net Income ($mm)
$4.45
Employees
347
  • drill down
  • watch
Ticker: CNSX:VYGR
 
 
 
 
 
 
 
 
Voyager Digital Ltd. Holdings Inc.
Voyager Digital Ltd. Holdings Inc.
Voyager is a crypto asset broker that provides retail and institutional investors with a turnkey solution to trade crypto assets. Voyager offers investors best execution, data, wallet and custody services through its institutional-grade open architecture platform.
year
2020
rev ($mm)
$0.51
EBITDA ($mm)
($9.76)
EBIT ($mm)
($9.97)
Net Income ($mm)
$2.01
Employees
0
  • drill down
  • watch
Ticker: IDEX
 
 
 
 
 
 
 
 
Ideanomics
Ideanomics
Ideanomics is a global fintech advisory and Platform-as-a-Service company. Ideanomics combines deal origination and enablement with the application of blockchain and artificial intelligence technologies as part of the next-generation of financial services.
year
2020
rev ($mm)
$18.00
EBITDA ($mm)
($16.26)
EBIT ($mm)
($18.72)
Net Income ($mm)
Employees
60
  • drill down
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Ticker:
 
 
 
 
 
 
 
 
Nexi S.p.A.
Nexi S.p.A.
Nexi, based in Milan, is currently Italy’s biggest payments processor. Its services and technology are used by consumers, business and governments to make, process and manage digital payments in-store or online.
year
2020
rev ($mm)
$1,808.17
EBITDA ($mm)
$478.29
EBIT ($mm)
$284.27
Net Income ($mm)
$128.92
Employees
1945
  • drill down
  • watch
Ticker: ACIW
 
 
 
 
 
 
 
 
ACI Worldwide
ACI Worldwide
ACI Worldwide, the Universal Payments company, powers electronic payments and banking for more than 5,000 financial institutions, retailers, billers and processors around the world. ACI software processes $13 trillion each day in payments and securities transactions.
year
2019
rev ($mm)
$1,006.33
EBITDA ($mm)
$162.63
EBIT ($mm)
$119.22
Net Income ($mm)
$62.39
Employees
3807
  • drill down
  • watch
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