Like Tree Solution S/A

closed 10/7/2020 via BNC Analysis

Sinqia, acquired Tree Solution S/A

synopsis: Sinqia, a leader in the development of software and technology services for the financial sector in Brazil, has acquired Tree Solution S/A, a company that provides platform and services for foreign exchange, foreign trade, and offshore banking markets in Brazil.
buyer: Sinqia (SNSL3:$34.43)
Founded in 1996, Sinqia is a leader in the development of software and technology services for the financial sector in Brazil. They operate in four business units: Software, Projects, Outsourcing, and Consulting. "
target: Tree Solution S/A
Tree Solution S/A provides platform and services for foreign exchange, foreign trade, and offshore banking markets in Brazil. The company was founded in 2012 and is headquartered in São Paulo, Brazil with an additional office in Londrina, Brazil.
price ($mm)
$2.39
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/9/2019 via GlobeNewswire

Currency Exchange International, Corp., acquired eZforex.com

synopsis: Currency Exchange International (CXI), a full service foreign exchange technology and services provider, has acquired eZforex.com, a foreign currency and technology business that has wholesale banknote financial institution customers located throughout the US. The acquisition complements CXI’s existing client base and wholesale banknote operations.
buyer: Currency Exchange International, Corp. (TSX:CXI:$39.72)
Currency Exchange International (CXI) provides a range of foreign exchange technology and processing services. CXI offers products and services related to foreign currency exchange, as well as licensing of their proprietary FX software applications delivered on its web-based interface CEIFX. "
target: eZforex.com
eZforex.com provides foreign exchange services to banks, banker's banks, credit unions, and corporate credit unions using special state-of-the-art and innovative technology. eZforex maintains a management team with cross-industry experience in banking, foreign exchange, and technology.
price ($mm)[EV]
$4.25 [$3.25]
rev ($mm)
$2
EBITDA ($mm)
EV / rev
1.9x
EV / EBITDA
announced 12/16/2008 via BusinessWire

Fiserv, Inc., will acquire i_Tech Corporation

synopsis: Fiserv, Inc., a leading provider of information technology services to the financial industry, announced it agreed to acquire i_Tech Corporation, a provider of outsourced account and payment processing services, from First Interstate BancSystem Inc., a multi-state, $6 billion banking organization headquartered in Billings, Montana.
buyer: Fiserv, Inc. (FISV:$14,852.00)
Fiserv, Inc. provides information management systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, business process outsourcing software and systems solutions. "
target parent: First Interstate BancSystem Inc.
target: i_Tech Corporation
i_Tech Corporation is a regional data processing company, providing data technology and item processing services to 158 financial institutions throughout Montana, Wyoming, South Dakota, North Dakota, Colorado, Idaho, Oregon, Washington, Iowa, Wisconsin, Nebraska, Illinois and Minnesota.
price ($mm)
$41
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/20/2008 via BusinessWire

FrontStream Payments, Inc., acquired Direct Technology Innovations

synopsis: FrontStream Payments, Inc. a leading provider of payment solutions to small and medium-sized businesses, announced the acquisition of Direct Technology Innovations. DTI is a recognized industry leader in providing advanced technology solutions and services.
buyer: FrontStream Payments, Inc.
FrontStream Payments is a leading provider of payments products and services to small and medium-sized businesses and independent credit card sales organizations. Offerings include turnkey solutions that enable merchants to increase revenues through the acceptance of credit and debit cards. "
target: Direct Technology Innovations
Direct Technology Innovations (DTI) is an Independent Sales Organization(ISO)/Member Service Provider(MSP) for the First National Bank of Omaha, NE; JP Morgan Chase Bank, New York, NY; Fleet Bank, Providence, RI; Wells Fargo Bank, N.A., Walnut Creek, CA; and Best Payment Solutions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/1/2004 via PR Newswire

Cardtronics, Inc., acquired E-Trade Access, Inc.

synopsis: E*TRADE FINANCIAL Corporation ET today announced that it has completed the sale of substantially all of the assets of the Company's ATM operating subsidiary, E*TRADE Access, Inc., to Cardtronics, LP for $106 million cash.
buyer: Cardtronics, Inc. (CATM:$1,158.00)
Founded by ATM pioneer Ralph Clinard in 1989, Cardtronics is the nation's largest independent owner/operator of ATMs located in every major U.S. market. With a network of over 12,000 machines, Cardtronics is one of the fastest growing ATM deployers in the country. Major retail and petroleum merchan "
target parent: E-Trade Financial Corp.
target: E-Trade Access, Inc.
E*TRADE Access is the nation's second largest ATM network, providing flexible ATM solutions to thousands of retailers nationwide. We provide the best in reliable equipment, trained service agents, and profit-generating programs to thousands of retail locations across the country. Your customers wan
price ($mm)
$106
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/29/2009 via PR Newswire

Jack Henry & Associates, Inc., will acquire PEMCO Technologies

synopsis: Jack Henry & Associates, Inc, a leading provider of integrated technology solutions and data processing services for financial institutions, announced the acquisition of Washington-based Pemco Technologies, one of the nation's leading providers of payment processing solutions primarily for the credit union industry.
buyer: Jack Henry & Associates, Inc. (JKHY:$1,714.10)
Jack Henry & Associates is a leading provider of computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations. Its technology solutions are marketed and supported through three primary brands: Jack Henry Banking, Symitar and ProfitStars. "
target parent: PEMCO Mutual Insurance Company
target: PEMCO Technologies
Pemco Technologies provides innovative payment solutions to the financial industry including credit signature processing, debit signature processing, PIN-based processing, and ATM services including one of the largest surcharge-free ATM networks.
price ($mm)[EV]
$56 [$54]
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/13/2019 via BusinessWire

EML Payments, will acquire Prepaid Financial Services

synopsis: Prepaid Financial Services Ireland Limited (PFS), a Dual Regulated FinTech that delivers robust payment technology solutions, has entered into a binding agreement to sell 100% of the share capital of the company to EML payments Ltd, a global provider of payment solutions headquartered in Australia.
buyer: EML Payments (ASX:EML:$66.36)
Australia-based EML is a global provider of payment solutions. The company offers innovative financial technology that provides solutions for payouts, gifts, incentives and rewards, and supplier payments. EML also issues mobile, virtual, and physical card solutions for the largest corporate brands. "
target: Prepaid Financial Services
UK-based PFS is an agile and Dual Regulated FinTech that delivers robust payment technology solutions and offers world-class innovation in electronic money. PFS’ award-winning solutions include ewallets, physical and virtual prepaid cards, and IBAN accounts in the UK and Eurozone.
price ($mm)
$289
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/29/2008 via BusinessWire

Intuit, Inc., acquired Electronic Clearing House, Inc.

synopsis: Intuit Inc. completed its acquisition of Electronic Clearing House Inc, or ECHO. ECHO is a leading provider of electronic payment processing solutions, including check conversion, automated clearing house capabilities, or ACH, as well as check verification, guarantee services, collection, and debit card and credit card processing.
buyer: Intuit, Inc. (INTU:$7,837.00)
Intuit is a leading provider of business and financial management solutions for small and mid-sized businesses, consumers and accounting professionals. Its flagship products and services, simplify small business management and payroll processing, personal finance, and tax preparation and filing. "
target: Electronic Clearing House, Inc.
Electronic Clearing House Inc. (ECHO) provides a complete solution for the payment processing needs of merchants, banks and collection agencies. ECHO’s services include debit and credit card processing, check guarantee, check verification, check conversion, check re-presentment and check collection.
price ($mm)[EV]
$126 [$135]
rev ($mm)
$77
EBITDA ($mm)
$5
EV / rev
1.8x
EV / EBITDA
29.8x
closed 11/10/2005 via BusinessWire

First Data Corporation, acquired Austrian Payment System Services GmbH

synopsis: First Data Corporation, a global leader in electronic commerce and payment services, announced today that it has completed the acquisition of Austrian Payment Systems Services GmbH (APSS), Austria's leading processor of cashless, card-based payment transactions.
buyer: First Data Corporation (FDC:$8,679.00)
First Data Corp. is a leading provider of electronic commerce and payment solutions for businesses worldwide. First Data powers the global economy by making it easy, fast and secure for people and businesses around the world to buy goods and services using virtually any form of payment. "
target: Austrian Payment System Services GmbH
Austrian Payment System Services GmbH (APSS), a leading provider of card-based cashless payments with more than twenty years experience, is a full-service provider, offering a complete range of payment transaction services- from acquiring and issuing processing to service-centre tasks.
price ($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
closed 3/14/2013 via BusinessWire

FIS, acquired mFoundry, Inc.

synopsis: FIS™ announced it has completed the acquisition of mFoundry, a foremost provider of mobile banking and payment solutions for financial institutions and retailers. The resulting combination creates one of the leading mobile entities in the financial services space and enables FIS to leverage its technology assets across a broader client base.
buyer parent: Fidelity National Financial, Inc.
buyer: FIS (FIS:$9,241.00)
FIS is the world’s largest global provider dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 100 countries. "
target: mFoundry, Inc.
mFoundry is North America’s largest provider of mobile banking and mobile payments services. The leading software-as-a-service (SaaS), cloud-based mobile banking offering, mFoundry works with more than 850 banks and credit unions nationwide.
price ($mm)
$115*
rev ($mm)
EBITDA ($mm)
EV / rev
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
closed 7/28/2010 via Company Press Release

Blue Horizon Capital, LLC., acquired Veri-Tax

synopsis: Veri-tax LLC, one of the mortgage lending and consumer credit industry's top providers of tax verification and fraud management solutions, has been acquired by Blue Horizon Capital, a private investment firm.
buyer: Blue Horizon Capital, LLC.
Blue Horizon Capital is a privately held investment firm comprised of an extensive and experienced group of private equity investors, advisors, and senior-level executives. "
target: Veri-Tax
As an industry pioneer, Veri-tax has developed a full-array of tax verification services designed to help organizations in the mortgage, banking, legal and credit card industries more quickly and securely process borrower income and tax documentation.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/5/2007 via

Fidelity National Financial, Inc., acquired Go Apply, Inc.

synopsis: Fidelity National Real Estate Solutions, Inc., a majority-owned subsidiary of Fidelity National Financial, Inc., a leading provider of title insurance, specialty insurance and claims management services, today announced the acquisition of Go Apply.
buyer: Fidelity National Financial, Inc. (FNF:$8,363.00)
Fidelity National Financial, Inc. is a leading provider of title insurance, specialty insurance and claims management services. FNF is one of the nation's largest title insurance companies through its title insurance underwriters. "
target: Go Apply, Inc.
Go Apply, founded in 2002, is a provider of on-line mortgage loan leads to lenders and brokers. Its customers include nearly 30 mortgage lenders and more than 2,500 mortgage brokers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/7/2020 via BNC Analysis

Sinqia, acquired Tree Solution S/A

synopsis: Sinqia, a leader in the development of software and technology services for the financial sector in Brazil, has acquired Tree Solution S/A, a company that provides platform and services for foreign exchange, foreign trade, and offshore banking markets in Brazil.
buyer: Sinqia (SNSL3:$34.43)
Founded in 1996, Sinqia is a leader in the development of software and technology services for the financial sector in Brazil. They operate in four business units: Software, Projects, Outsourcing, and Consulting. "
target: Tree Solution S/A
Tree Solution S/A provides platform and services for foreign exchange, foreign trade, and offshore banking markets in Brazil. The company was founded in 2012 and is headquartered in São Paulo, Brazil with an additional office in Londrina, Brazil.
price ($mm)
$2.39
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/7/2020 via BNC Analysis

Sinqia, acquired Tree Solution S/A

synopsis: Sinqia, a leader in the development of software and technology services for the financial sector in Brazil, has acquired Tree Solution S/A, a company that provides platform and services for foreign exchange, foreign trade, and offshore banking markets in Brazil.
buyer: Sinqia (SNSL3:$34.43)
Founded in 1996, Sinqia is a leader in the development of software and technology services for the financial sector in Brazil. They operate in four business units: Software, Projects, Outsourcing, and Consulting. "
target: Tree Solution S/A
Tree Solution S/A provides platform and services for foreign exchange, foreign trade, and offshore banking markets in Brazil. The company was founded in 2012 and is headquartered in São Paulo, Brazil with an additional office in Londrina, Brazil.
price ($mm)
$2.39
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/12/2020 via BNC Analysis

Sinqia, will acquire Itaú Soluções Previdenciárias Ltda.

synopsis: Sinqia has signed the Sale and Purchase Agreement to acquire 100% of the capital of taú Soluções Previdenciárias (“ISP”). ISP is one of the main providers of software and services to the private pension segment. ISP is one of the main providers of software and services to the private pension segment.
buyer: Sinqia (SNSL3:$34.43)
Founded in 1996, Sinqia is a leader in the development of software and technology services for the financial sector in Brazil. They operate in four business units: Software, Projects, Outsourcing, and Consulting. "
target parent: Itaú Unibanco
target: Itaú Soluções Previdenciárias Ltda.
Itaú Soluções Previdência (ISP), controlled by Itaú Group, focuses on technological tools for supplementary pension companies. ISP has offices in São Paulo and Rio de Janeiro and 130 employees. ISP is one of the main providers of software and services to the private pension segment.
price ($mm)
$15
rev ($mm)
$9
EBITDA ($mm)
EV / rev
1.6x
EV / EBITDA
closed 12/18/2019 via Company Press Release

Sinqia, acquired Stock & Info Ltda.

synopsis: Sinqia hereby announces the acquisition of the entire shares of Stock & Info Ltda., a provider of software for the pension fund segment. Stock & Info provides supplementary pension management solutions for the largest class-based pension funds, corporate pension funds and closed-ended supplementary pension liability management companies.
buyer: Sinqia (SNSL3:$34.43)
Founded in 1996, Sinqia is a leader in the development of software and technology services for the financial sector in Brazil. They operate in four business units: Software, Projects, Outsourcing, and Consulting. "
target: Stock & Info Ltda.
Stock & Info Ltda. is a provider of software for the pension fund segment. Stock & Info provides supplementary pension management solutions for the largest class-based pension funds, corporate pension funds and closed-ended supplementary pension liability management companies.
price ($mm)
$1.07
rev ($mm)
$1
EBITDA ($mm)
EV / rev
1.4x
EV / EBITDA
announced 5/22/2019 via Company Press Release

Sinqia, will acquire Softpar Tecnologia

synopsis: Brazil based Sinqia SA, provider of technology for the financial system, announced the acquisition of Softpar Technology, a software provider for the banking segment, financial and development agency. Softpar offers solutions in the financial area with high performance technology, seeking high levels of security and quality.
buyer: Sinqia (SNSL3:$34.43)
Founded in 1996, Sinqia is a leader in the development of software and technology services for the financial sector in Brazil. They operate in four business units: Software, Projects, Outsourcing, and Consulting. "
target: Softpar Tecnologia
Founded in 1978 and based in Brazil, Softpar Technology is a leading provider of software for banks, financials and development agencies. Softpar offers solutions in the financial area with high performance technology, always seeking high levels of security and quality.
price ($mm)
$7.82
rev ($mm)
$4
EBITDA ($mm)
EV / rev
2.1x
EV / EBITDA
closed 3/1/2019 via BNC Analysis

Sinqia, acquired ADSPrev

synopsis: Sinqia, a leader in the development of software and technology services for the financial sector in Brazil, has acquired ADSPrev, a software company that develops IT solutions for the management of closed entities of complementary pension plans also based in Brazil.
buyer: Sinqia (SNSL3:$34.43)
Founded in 1996, Sinqia is a leader in the development of software and technology services for the financial sector in Brazil. They operate in four business units: Software, Projects, Outsourcing, and Consulting. "
target: ADSPrev
ADSPrev is a software company that develops IT solutions for the management of closed entities of complementary pension plans. The company was founded in 1989 and is based in Brazil.
price ($mm)
$3.75
rev ($mm)
$2
EBITDA ($mm)
EV / rev
2.5x
EV / EBITDA
closed 1/23/2019 via BNC Analysis

Sinqia, acquired Atena Tecnologia Ltda.

synopsis: Senior Solution, now called Sinqia, announced the purchase of all shares of Atena Tecnologia, a software company for the segment of private pension entities. Created in 1997, Atena is formed by the companies Atena Tecnologia and Atena Gestão de Previdência. Atena is based in Salvador, Brazil.
buyer: Sinqia (SNSL3:$34.43)
Founded in 1996, Sinqia is a leader in the development of software and technology services for the financial sector in Brazil. They operate in four business units: Software, Projects, Outsourcing, and Consulting. "
target: Atena Tecnologia Ltda.
Created in 1997, Atena is formed by the companies Atena Tecnologia and Atena Gestão de Previdência. Atena is a software provider for the segment of private pension entities. Atena is based in Salvador, Brazil.
price ($mm)
$2.39
rev ($mm)
$2
EBITDA ($mm)
EV / rev
1.5x
EV / EBITDA
announced 11/29/2016 via BNC Analysis

Senior Solution, will acquire att/PS Informática S.A.

synopsis: Senior Solution, one of the leading providers on the development and commercialization of software applications, has announced the purchase of ATT/PS Informatica S.A., a 26-year-old software provider for the financial sector, specializing in solutions for banks, pension providers and healthcare operators.
buyer: Senior Solution (SNSL3:$34.43)
Senior Solution operates for more than 17 years in the Brazilian IT industry and is one of the leading providers on the development and commercialization of software applications for the financial sector in Brazil. "
target: att/PS Informática S.A.
att/PS Informática S.A. develops custom solutions and integrated systems. They are one of the 200 largest technology companies in Brazil. The company was founded in 1989 and is based in Belo Horizonte, Brazil with an additional office in São Paulo, Brazil.
price ($mm)
$15
rev ($mm)
$15
EBITDA ($mm)
EV / rev
1.3x
EV / EBITDA
closed 6/6/2013 via Company Press Release

Senior Solution, acquired Drive Consultoria e Informática Ltda

synopsis: Drive Consultoria e Informática Ltda. is now under the control of Senior Solution SA. Drive is focused on providing systems and services for Asset Administration, Management, Control and Custody, with clients ranging from Banks to Pension Funds.
buyer: Senior Solution (SNSL3:$34.43)
Senior Solution operates in the Brazilian information technology industry and is the leading independent provider of software and services for the financial vertical in Brazil in terms of gross revenues. It developed the first application to Brazilian banks with the concept of full banking system. "
target: Drive Consultoria e Informática Ltda
Drive Consultoria e Informática Ltda is focused on providing systems and services for Asset Administration, Management, Control and Custody, with clients ranging from Banks to Pension Funds.
price ($mm)
$4.38
rev ($mm)
$7
EBITDA ($mm)
EV / rev
1.0x
EV / EBITDA
closed 5/4/2016 via Company Press Release

adesso AG, acquired Smarthouse Media GmbH

synopsis: Smarthouse Media GmbH, a leading full-service provider of online financial applications based in Karlsruhe, has been sold by Axel Springer Digital Ventures to adesso AG. Smarthouse Media operates over 300 portals on the basis of its own product solutions and meets the IT security and compliance requirements of banks and stock exchange operators.
buyer: adesso AG (DB:ADN1:$641.29)
adesso AG is an independent IT service provider ensures the success of projects and prepares companies for the future by means of consultancy, software development and optimisation of operating costs. It is their mission to optimise core business processes by targeted implementation of modern IT. "
target parent: Axel Springer SE
target: Smarthouse Media GmbH
Smarthouse Media is a full service provider of online financial applications. They combinee expertise in consulting, creation and technology – supporting clients in provider and data management as well as the conception, design, development, refinement and hosting of innovative online solutions.
price ($mm)
$27
rev ($mm)
$18
EBITDA ($mm)
EV / rev
1.5x
EV / EBITDA
closed 7/26/2018 via Company Press Release

Five Degrees, acquired Libra ehf

synopsis: Five Degrees , the Dutch Fintech in banking software, acquires Libra, a leading provider of core banking IT systems in the financial sector in Iceland. Libra adds value for prospects and customers of Five Degrees through its offering of core banking solutions in the field of securities and loans.
buyer: Five Degrees
Five Degrees is a banking technology company. Five Degrees supports financials in their digital transformation with its next-generation digital banking platform. Matrix, their next generation digital banking platform, empowers financial institutions to enter the era of modern digital banking. "
target: Libra ehf
Libra is a leader in creating software for the Icelandic financial industry which employs over 40 people in Iceland. Libra has been developing software solutions with a strong focus on loans and securities trading for nearly two decades.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/21/2014 via Company Press Release

Equiniti Limited, acquired Pancredit Systems Limited

synopsis: Equiniti, a leading business services outsourcing provider, announces the acquisition of Pancredit Systems Limited (Pancredit). Pancredit is an innovative and fast-growing lending software business which supports banks, intermediaries and price comparison sites with intelligent loan administration and origination services.
buyer: Equiniti Limited (LSE:EQN:$669.57)
Equiniti is a strategic partner to leading businesses, delivering complete commercial solutions in share registration, employee benefits, investment services and outsourced specialist tasks. "
target: Pancredit Systems Limited
Pancredit was founded in 1988 to develop market leading applications for the finance industry. The company employs highly experienced staff most of whom have extensive knowledge of both the finance industry and the technologies required to deliver effective, modern software solutions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/14/2019 via BusinessWire

Accenture, acquired Orbium

synopsis: Accenture, a global professional services company, has completed the acquisition of Orbium, a management consultancy and technology services provider to the financial services industry, headquartered in Switzerland.
buyer: Accenture (ACN:$45,676.89)
Accenture is a global professional services company, providing a range of services and solutions in strategy, consulting, digital, technology & operations. Accenture works at the intersection of business and technology to help clients improve their performance & create value for their stakeholders. "
target: Orbium
Orbium is the largest services provider for the Avaloq Banking Suite — a leader in digital and core banking software for the banking and wealth management industry, used by more than 150 banks and wealth managers worldwide.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/14/2017 via BusinessWire

L&T Infotech, will acquire Syncordis SA

synopsis: Larsen & Toubro Infotech Ltd., a global technology consulting and digital solutions Company, announced it has signed definitive agreements to acquire Luxembourg based Syncordis S.A., a leading core banking implementation services provider, along with its identified subsidiaries in France, UK, Luxembourg and India.
buyer parent: Larsen & Toubro
buyer: L&T Infotech (:$1,414.16)
LTI is a global technology consulting and digital solutions company helping more than 250 clients succeed in a converging world. They go the extra mile for clients and accelerate their digital transformation with LTI’s Mosaic platform enabling their mobile, social, analytics, IoT and cloud journeys."
target: Syncordis SA
Syncordis SA provides business and IT consultancy focused exclusively on the Temenos digital Suites. Their implementation, helpdesk, monitoring and application support services help clients reduce risks, increase efficiency and enhance quality of their banking system.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/10/2020 via Company Press Release

Cennox PLC, will acquire Cel Data Services

synopsis: Cennox, the global provider of optimization solutions for banks and associated support services, has agreed to acquire CEL Data Services SA, based in Brussels, a subsidiary of ING Belgium SA / NV. CEL Data Services offers ATM management services, such as cash processing and IT services to financial institutions and Belgian stores.
buyer: Cennox PLC
UK-based Cennox is a specialist international ATM services business. The company provides a range of sector specific services & project capability designed to help its banking clients, increase transaction levels, and reduce costs. "
target parent: ING Group NV
target: Cel Data Services
CEL Data Services is a Belgian Information and Communications Technology (ICT) services provider in the financial industry. The company offers ATM management services, such as cash processing and IT services to financial institutions and Belgian stores.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/8/2016 via BNC Analysis

Capital Square Partners, acquired Indecomm Global Services

synopsis: Singapore-based private equity firm Capital Square Partners has acquired close to 55% stake in Indecomm Global Services, a technology-enabled services and outsourcing company serving clients in mortgage, healthcare and banking sectors globally.
buyer: Capital Square Partners
Capital Square Partners is an investment holding company, and acts as principal investors to invest their own capital in businesses they believe in, which operate in markets they understand in depth, and are either already segment leaders or can achieve leadership. "
target: Indecomm Global Services
Indecomm Global Services offers consulting, outsourcing, learning, and technology solutions Its title and settlement services platform-based solutions include title search and typing through iTitleHub™, post-closing through Dynamic Doc Hub™, and eRecording through InteleDoc Direct™ .
price ($mm)
$90*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/18/2011 via PR Newswire

Cognizant Technology Solutions, acquired CoreLogic Global Services Private Limited

synopsis: CoreLogic, a provider of information, analytics and business services, announced the closing of the sale of CoreLogic Global Services Private Limited (CoreLogic India) to Cognizant. CoreLogic India provides capabilities in software product development, analytical modeling, domain-centric back-office services, and technology support.
buyer: Cognizant Technology Solutions (CTSH:$16,752.00)
Cognizant Technology Solutions is a leading provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world's leading companies build stronger businesses. "
target parent: CoreLogic, Inc.
target: CoreLogic Global Services Private Limited
CoreLogic India provides capabilities in software product development, analytical modeling, domain-centric back-office services, and technology support to CoreLogic and its customers, primarily in the U.S. mortgage and real estate markets.
price ($mm)
$50
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/14/2005 via PR Newswire

Oracle Corporation, acquired i-Flex Solutions Limited

synopsis: Oracle today announced that it has completed its acquisition of Citigroup's interest in India's largest applications software company, i-flex solutions. Oracle now owns approximately 43 percent of the outstanding shares of i-flex. Charles Phillips, Oracle President, has joined the i-flex board of directors.
buyer: Oracle Corporation (ORCL:$39,766.00)
Oracle is the world's largest enterprise software company. The company is a leading provider of systems software, including database management, application development, and application server software. "
target: i-Flex Solutions Limited
price ($mm)[EV]
$1,142 [$1,294]
rev ($mm)
$262
EBITDA ($mm)
$69
EV / rev
4.9x
EV / EBITDA
18.7x
closed 8/26/2019 via PR Web

NXTsoft, acquired CCMC Inc.

synopsis: NXTsoft, a company focused on secure data-centric solutions to the market space has acquired CCMC, Inc. based in Orlando, Fla., the market leader in providing focused data integration and connectivity solutions to financial institutions nationwide.
buyer: NXTsoft
NXTsoft builds and grows companies using management’s core strengths in sales and marketing, software development, business scaling, and capital access. The company’s focus is concentrated in risk management, which includes cybersecurity, compliance and risk analytics. "
target: CCMC Inc.
CCMC, Inc. established in 1994, is a professional services and software firm specializing in providing value-added solutions and services to the financial services industry. Their services focus on the integration of disparate systems, as well as data and workflow optimization.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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Geography
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Nexi S.p.A.
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ACI Worldwide
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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.
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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.
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REPAY - Realtime Electronic Payments
REPAY - Realtime Electronic Payments
REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY's proprietary, integrated payment technology platform reduces the complexity of electronic payments for merchants, while enhancing the overall experience for consumers.
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PRA Group
PRA Group, a global leader in acquiring and collecting nonperforming loans, is an integral part of the financial receivables lifecycle. It returns capital to banks and other creditors, strengthening their ability to lend and more attractively price credit for consumers.
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Ticker: ASX:TSN
 
 
 
 
 
 
 
 
Transaction Solutions International Limited
Transaction Solutions International Limited
Transaction Solutions International Ltd (TSN) is an ASX listed company, focusing on financial payments and technology. Their approach is to invest and collaborate with promising businesses who have commercialised solutions in the digital, cybersecurity, analytics and risk/compliance segments.
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Ticker: AIM:GLIF
 
 
 
 
 
 
 
 
GLI Finance
GLI Finance
GLI Finance Limited (AIM: GLIF) originates and invests in loans, providing finance to small and medium sized businesses in the US and UK. GLI has invested in nineteen alternative finance platforms – all focused on the Small & Medium Enterprise segment.
year
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$10.79
EBITDA ($mm)
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Ticker: RDN
 
 
 
 
 
 
 
 
Radian Group Inc.
Headquartered in Philadelphia, Radian connects lenders, homebuyers, investors and loan servicers using a suite of private mortgage insurance and related risk management products and services.
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Walter Investment Management Corp.
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year
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Singapore Stock Exchange
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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.
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Ticker: SEHK:474
 
 
 
 
 
 
 
 
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Hao Tian Development Group Limited
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Xalles
Xalles
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Ticker: BLK
 
 
 
 
 
 
 
 
BlackRock, Inc.
BlackRock, Inc.
BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. They help clients around the world meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares®, and more.
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Ticker: JASDAQ:870
 
 
 
 
 
 
 
 
Traders Holdings Co., Ltd.
Traders Holdings Co., Ltd.
Traders Holdings is a Japanese foreign exchange (FX) and securities trading service provider.
year
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Employees
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Ticker: XTRA:A7A
 
 
 
 
 
 
 
 
FinLab AG
FinLab AG is one of the first and largest company builders and investors focused on the Financial Services Technologies ("fintech") sector. FinLab focuses on developing German fintech start-ups and providing venture capital for their financial needs.
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Sinqia
Sinqia
Founded in 1996, Sinqia is a leader in the development of software and technology services for the financial sector in Brazil. They operate in four business units: Software, Projects, Outsourcing, and Consulting.
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