Like illumis Inc

closed 11/18/2021 via PR Newswire

ComplySci, acquired illumis Inc

synopsis: ComplySci, the leading provider of regulatory technology and compliance solutions for the financial services sector, announced that it has acquired illumis Inc., a premier data aggregator and technology provider whose solutions are used by financial services firms to identify and mitigate risk from employee political contributions.
buyer: ComplySci
ComplySci is a leading provider of technology solutions that help compliance organizations identify, monitor, manage and report on conflicts of interest arising from employee activities, including personal trading, gifts and entertainment, political contributions, and more. "
target: illumis Inc
illumis Inc. is a premier data aggregator and technology provider whose solutions are used by financial services firms to identify and mitigate risk from employee political contributions. The illumis platform aggregates and normalizes public political contribution data and other public records.
price ($mm)
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announced 4/10/2019 via Company Press Release

Torstone Technology Ltd, will acquire Percentile

synopsis: Torstone Technology, a leading global provider of post-trade securities and derivatives processing technology, will acquire Percentile, a provider of cloud-based risk and compliance technology to global financial markets. Percentile boosts the performance of risk calculations and provides consistent and centralised access to all risk exposures.
buyer: Torstone Technology Ltd
Torstone is a leading global provider of cross-asset securities and derivatives post-trade processing technology. Torstone’s cloud-based Inferno platform is fast, flexible and future-proof. It enables global financial firms to reduce their costs, achieve greater control, and minimise risk. "
target: Percentile
Percentile is a provider of real-time, cloud-based risk and compliance technology to global financial markets. Percentile’s flagship product, RiskMine, drives alignment between trading desks and risk management and delivers confidence with unprecedented levels of transparency and governance.
price ($mm)
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closed 11/1/2016 via BusinessWire

ION Trading, acquired Reval

synopsis: ION Investment Group announced that it completed its acquisition of Reval, a global provider of cloud-based solutions for treasury and risk management. Financial terms were not disclosedION provides mission-critical trading and workflow automation software solutions to financial institutions, central banks, governments and corporates.
buyer parent: TA Associates
buyer: ION Trading
ION is a global market leader providing real-time solutions across multiple asset classes for electronic trading, position management, pricing, risk management and downstream processing to clients which range from global financial institutions to niche financial specialists. "
target: Reval
Reval is the leading, global provider of a scalable cloud platform for treasury and risk management. Their Software-as-a-Service (SaaS) solutions help corporates and banks around the world better manage cash and liquidity, financial risk and hedge accounting.
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closed 8/20/2013 via BusinessWire

Bottomline Technologies, acquired Sterci

synopsis: Bottomline Technologies, a leading provider of cloud-based payment, invoice and banking solutions, announced the acquisition of Swiss-based Sterci SA. These leading providers of financial messaging solutions utilize the SWIFT global messaging network on behalf of more than 350 customers across 20 different countries.
buyer: Bottomline Technologies (EPAY:$482.64)
Bottomline Technologies provides collaborative payment, invoice and document automation solutions to corporations, financial institutions and banks around the world. The solutions are used to streamline, automate and manage processes involving payments, invoicing, global cash management and more. "
target: Sterci
Sterci is a Swiss-based organization providing financial messaging, reconciliation, market data integration solutions and cloud-based services to 330 clients across 20 different countries. Sterci partners with financial institutions to improve business processes and to reduce overall risk.
price ($mm)
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closed 8/19/2013 via BNC Analysis

Thomson Reuters, acquired SigmaGenix

synopsis: Thomson Reuters announced its acquisition of SigmaGenix a leading development firm of FX and options risk management systems that was founded by Jeremy Gelber. SigmaGenix provides full-featured investment-bank style risk management systems for foreign exchange derivatives.
buyer: Thomson Reuters (TRI:$5,921.00)
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. It combines industry expertise with innovative technology to deliver critical information to leading decision makers. "
target: SigmaGenix
SigmaGenix provides full-featured investment-bank style risk management systems for foreign exchange derivatives. Some of its features include portfolio risk management, reporting, pricing & booking, trade lifecycle management, and multiple data sourcing.
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closed 5/3/2021 via Company Press Release

Imagine Software, Inc. merged with TradingScreen Inc,

synopsis: Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, announced the combination of TradingScreen, a provider of trading execution and order management software, and Imagine Software, a real-time risk and compliance software platform. The combined company will be known as TS Imagine.
buyer parent: Francisco Partners Management LLC
buyer: TradingScreen Inc
Operating in the cloud for nearly two decades, TradingScreen (TS) is a leading expert on SaaS trading technology. TradeSmart OEMS offers workflow efficiency and seamless integration between the sell-side and buy-side, connecting markets globally and providing traders the information they need. "
target: Imagine Software, Inc.
Imagine offers the power of a real-time, institutional-grade portfolio and risk management software solution and provides clients the choice of full-service on-line accessibility with real-time pricing, security master, corporate actions, derived market data, and 24/7 connectivity.
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closed 2/4/2021 via Company Press Release

AcadiaSoft, acquired Quaternion Risk Management Limited

synopsis: AcadiaSoft Inc., the leading industry provider of risk and collateral management services for the derivatives community, announced it has acquired capital markets consulting and software company Quaternion. Quaternion is a leading provider of highly specialized and advanced risk analytics solutions for the financial services industry.
buyer: AcadiaSoft
AcadiaSoft, Inc. is the leading industry provider of risk management services for the derivatives community. Its industry-wide repository of margin and collateral data helps firms to mitigate financial risk and optimize resources across the entire trade life cycle. "
target: Quaternion Risk Management Limited
Quaternion Risk Management Limited headquartered in Ireland was founded in 2010 by three senior banking professionals with extensive capital markets experience. It is leading provider of highly specialized and advanced risk analytics solutions for the financial services industry.
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closed 5/3/2018 via Company Press Release

IBM Watson Group, acquired Armanta, Inc

synopsis: IBM has acquired Armanta, Inc., a Somerville, N.J.-based provider of aggregation and analytics software to financial services firms. Armanta’s technology platform allows financial institutions to aggregate data across multiple systems. Post-acquisition, IBM plans to integrate Armanta business as part of the Watson Financial Services portfolio.
buyer parent: IBM
buyer: IBM Watson Group
IBM Watson was developed in IBM’s Research labs. Using natural language processing and analytics, Watson processes information akin to how people think, representing a major shift in an organization’s ability to quickly analyze, understand and respond to Big Data. "
target: Armanta, Inc
Armanta, Inc. is a provider of aggregation and analytics software to financial services firms. Armanta’s technology platform allows financial institutions to aggregate data across multiple systems in near real-time speed.
price ($mm)
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closed 10/8/2014 via BusinessWire

Intercontinental Exchange, Inc., acquired SuperDerivatives, Inc.

synopsis: Intercontinental Exchange, the leading global network of exchanges and clearing houses, has completed its previously announced acquisition of SuperDerivatives, a leading provider of risk management analytics, financial market data and valuation services.
buyer: Intercontinental Exchange, Inc. (ICE:$5,588.00)
Intercontinental Exchange is the leading network of regulated exchanges and clearing houses for financial and commodity markets. ICE delivers transparent, reliable and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges. "
target: SuperDerivatives, Inc.
Founded in 2000, SuperDerivatives provides risk management analytics and systems across all asset classes, including interest rates, FX, credit, equities, energy and commodities to customers ranging from banks, asset managers, corporations, central banks, auditors and brokers.
price ($mm)
$350
rev ($mm)
EBITDA ($mm)
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closed 5/5/2021 via PR Web

Lifeworks Advisors, LLC, acquired Aimvest Technologies Inc.

synopsis: Lifeworks Advisors has acquired Aimvest Technologies, an innovative financial technology development company. Aimvest’s technology will be integrated into the Lifeworks Advisor platform to create custom investment portfolios for clients. Aimvest provides algorithmic allocation strategies to family offices.
buyer: Lifeworks Advisors, LLC
Founded by advisors frustrated with technology platforms and the way financial advice traditionally has been priced and delivered, Lifeworks Advisors provides a complete, end-to-end, technology platform that seamlessly enables advisors to create their own scalable and winning client experience. "
target: Aimvest Technologies Inc.
Aimvest Technologies is a fintech startup founded by MIT graduate technologists Hugo Castalan and Alex Mathé-Cathala. Aimvest provides algorithmic allocation strategies to family offices and independent RIAs (Registered Investment Advisors).
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closed 7/25/2019 via BusinessWire

Moody's Corporation, acquired RiskFirst

synopsis: Moody’s Corporation has acquired UK-based RiskFirst, a financial technology company providing risk analytic solutions for the asset management and pension fund communities. RiskFirst’s PFaroe platform is a leading risk solution for U.S. and U.K. defined benefit pension markets, supporting over 3,000 plans and more than $1.4 trillion in assets.
buyer: Moody's Corporation (MCO:$5,969.00)
Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. "
target: RiskFirst
UK-based RiskFirst is a financial technology company providing modern technology solutions for Asset Owners, Consultants, Asset Managers, and Insurers. RiskFirst’s PFaroe DB uses modern technology to help the defined benefit (DB) pension industry improve the management of asset and liability risk.
price ($mm)
rev ($mm)
$21
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
announced 9/21/2018 via BNC Analysis

Sargon, will acquire Decimal Software

synopsis: Financial technology and infrastructure company, Sargon, has announced an agreement to acquire 100 per cent of the issued shares in Decimal Software. Decimal's white label platform enables omni-channel support, real-time compliance and the ability for enterprises to offer an extended range of advice products.
buyer: Sargon
Sargon provides financial institutions and entrepreneurs with the technology and infrastructure they need to successfully build and grow investment funds and financial products. Founded in 2013, Sargon operates across Australia, New Zealand and Hong Kong. "
target: Decimal Software (ASX:DSX:$0.78)
Decimal's white label platform enables omni-channel support, real-time compliance and the ability for enterprises to offer an extended range of advice products. This includes, but isn't limited to savings, mortgage, insurance, retirement savings, straight investment and post retirement products.
price ($mm)[EV]
$4.45 [$4.38]
rev ($mm)
$1
EBITDA ($mm)
EV / rev
4.1x
EV / EBITDA
closed 9/12/2018 via BNC Analysis

Sovereign Capital Partners LLP, acquired Asset Control NV

synopsis: Sovereign Capital Partners, a UK private equity buy & build specialist, has backed the management buy-out of Asset Control, a provider of financial data management software to banks and other financial institutions.The business is headquartered in London and has offices in the US, Singapore and the Netherlands. 
buyer: Sovereign Capital Partners LLP
Sovereign is a specialist investor that focuses on partnering talented management teams and high-quality businesses, in specific service-based sectors, to deliver accelerated growth, both in the UK and internationally. "
target parent: Marlin Equity Partners
target: Asset Control NV
Asset Control is the world's leading provider of Centralized Data Management to financial industry firms. With a complete range of in-house and outsourced options, Asset Control delivers Total Data Management, a hybrid approach to data management.
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announced 3/23/2021 via PR Newswire

Thoma Bravo, LLC, will acquire Calypso Technology Inc

synopsis: Thoma Bravo is to acquire Calypso Technology, Inc. from international private equity group Bridgepoint and global growth investor Summit Partners. Calypso Technology, Inc. is a cloud-enabled provider of cross-asset front-to-back solutions and managed services for financial markets with over 40000 users in 60+ countries.
buyer: Thoma Bravo, LLC
Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. Thoma Bravo partners with a company’s management team to implement operating best practices, invest in growth initiatives and make acquisitions intended to accelerate revenue and earnings. "
target parent: Bridgepoint
target: Calypso Technology Inc
Calypso Technology, Inc. is a cloud-enabled provider of cross-asset front-to-back solutions and managed services for financial markets with over 40000 users in 60+ countries.
price ($mm)
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closed 3/6/2019 via Company Press Release

Abrigo, acquired FARIN Financial Risk Management

synopsis: Abrigo, a technology provider of compliance, credit risk, and lending solutions for community financial institutions, has acquired WI-based Farin Financial Risk Management (FARIN). FARIN is a leader in the enterprise risk management space, with their flagship asset liability management platform and highly regarded advisory services.
buyer parent: Accel-KKR
buyer: Abrigo
Abrigo is a leading technology provider of compliance, credit risk, and lending solutions that community financial institutions use to manage risk and drive growth. Their software automates key processes – from anti-money laundering to fraud detection to lending solutions. "
target: FARIN Financial Risk Management
Based in Madison, Wis., FARIN is a leader in asset liability management software and advisory services. For over 30 years, FARIN has provided financial consulting, software and analysis designed to drive earnings improvements for financial institutions nationwide.
price ($mm)
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closed 3/4/2019 via BNC Analysis

WorldFirst, acquired Currency Technologies Pty Ltd

synopsis: WorldFirst, the UK's fastest growing foreign exchange company, has acquired CurrencyVue, a foreign exchange risk management platform in Australia. CurrencyVue's cloud platform provides users with a real-time view of their international payments and currency exposures, enabling them to easily identify FX exposure risk, save time, and reduce costs.
buyer parent: Ant Financial
buyer: WorldFirst
WorldFirst is the UK's fastest growing foreign exchange company. WorldFirst specialises in making foreign exchange simple, fast and fuss-free for people and businesses with global ambitions. The company has helped over 120,000 people, small businesses and online sellers transfer over £60bn. "
target: Currency Technologies Pty Ltd
CurrencyVue is a foreign exchange risk management platform in Australia. CurrencyVue's cloud platform provides users with a real-time view of their international payments and currency exposures. CurrencyVue helps businesses to easily identify FX exposure risk, save time, and reduce costs.
price ($mm)
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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)
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closed 3/8/2017 via BusinessWire

Numerix, acquired TFG Financial Systems

synopsis: Numerix, the leader in risk technology announces the acquisition of TFG Financial Systems, the only real-time risk, P&L and position management system in the industry. TFG’s dependency graph capabilities will be leveraged to provide real-time, distributed, event-driven processing capabilities in Numerix Oneview enterprise trading & risk solutions.
buyer: Numerix
Numerix is the leading provider of innovative capital markets technology solutions and real-time intelligence capabilities for trading and risk management. Numerix is dedicated to driving a more open, fintech oriented, digital financial services market. "
target: TFG Financial Systems
TFG Financial Systems is the only real-time risk, P&L and position management system in the industry. TFG’s dependency graph capabilities is at the heart of its SaaS risk and portfolio management software and technology framework.
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announced 4/19/2016 via Market Wire

Bridgepoint, Summit Partners, will acquire Calypso Technology Inc

synopsis: Calypso Technology, Inc., a leading provider of capital markets software, announced that it is to be acquired by European private equity fund Bridgepoint and global growth equity investor Summit Partners. Calypso offers an integrated suite of trading and risk management solutions used by over 34,000 market professionals in more than 60 countries.
buyer: Summit Partners
buyer: Bridgepoint
Bridgepoint, a European private equity firm, focuses on acquiring well managed companies in attractive sectors with potential to grow organically or through acquisition. Summit Partners, a global growth equity firm, currently invested more than $7.2 billion in equity and fixed income opportunities. "
target: Calypso Technology Inc
Calypso is the leading provider of front-to-back technology solutions for the financial markets. With 19 years of experience delivering cross-asset solutions for trading, processing, risk management and accounting, Calypso brings simplicity to the most complex business and technology issues.
price ($mm)
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closed 10/29/2015 via BNC Analysis

PwC, acquired Kusiri

synopsis: PWC, a company that is committed to delivering quality in assurance, tax and advisory services, has acquired the assets of Kusiri, a technology start-up which provides a forensic data search platform used to discover fraud and for compliance screening.
buyer: PwC
PwC helps organizations and individuals create the value they’re looking for. They are a member of the PwC network of firms in 157 countries with more than 184,000 people. They are committed to delivering quality in assurance, tax and advisory services. "
target: Kusiri
Kusiri is a technology start-up which provides a forensic data search platform used to discover fraud and for compliance screening. Their scalable service is designed to augment and amplify search by providing, in real-time, deeper, faster access to data and advanced data monitoring.
price ($mm)
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closed 11/18/2021 via PR Newswire

ComplySci, acquired illumis Inc

synopsis: ComplySci, the leading provider of regulatory technology and compliance solutions for the financial services sector, announced that it has acquired illumis Inc., a premier data aggregator and technology provider whose solutions are used by financial services firms to identify and mitigate risk from employee political contributions.
buyer: ComplySci
ComplySci is a leading provider of technology solutions that help compliance organizations identify, monitor, manage and report on conflicts of interest arising from employee activities, including personal trading, gifts and entertainment, political contributions, and more. "
target: illumis Inc
illumis Inc. is a premier data aggregator and technology provider whose solutions are used by financial services firms to identify and mitigate risk from employee political contributions. The illumis platform aggregates and normalizes public political contribution data and other public records.
price ($mm)
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closed 11/18/2021 via PR Newswire

ComplySci, acquired illumis Inc

synopsis: ComplySci, the leading provider of regulatory technology and compliance solutions for the financial services sector, announced that it has acquired illumis Inc., a premier data aggregator and technology provider whose solutions are used by financial services firms to identify and mitigate risk from employee political contributions.
buyer: ComplySci
ComplySci is a leading provider of technology solutions that help compliance organizations identify, monitor, manage and report on conflicts of interest arising from employee activities, including personal trading, gifts and entertainment, political contributions, and more. "
target: illumis Inc
illumis Inc. is a premier data aggregator and technology provider whose solutions are used by financial services firms to identify and mitigate risk from employee political contributions. The illumis platform aggregates and normalizes public political contribution data and other public records.
price ($mm)
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closed 10/21/2021 via Company Press Release

ComplySci, acquired National Regulatory Services

synopsis: ComplySci, a provider of regulatory technology and compliance solutions for the financial services sector, announced the acquisition of National Regulatory Services (NRS), an advanced provider of compliance consulting services and technology solutions for investment advisers, broker-dealers, hedge funds, private equity firms, and insurers.
buyer: ComplySci
ComplySci is a leading provider of technology solutions that help compliance organizations identify, monitor, manage and report on conflicts of interest arising from employee activities, including personal trading, gifts and entertainment, political contributions, and more. "
target parent: RELX Group plc
target: National Regulatory Services
National Regulatory Services (NRS) is an advanced provider of compliance and registration products and services for investment advisers, broker-dealers, hedge funds, investment companies and insurance institutions.
price ($mm)
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closed 11/18/2021 via PR Newswire

ComplySci, acquired illumis Inc

synopsis: ComplySci, the leading provider of regulatory technology and compliance solutions for the financial services sector, announced that it has acquired illumis Inc., a premier data aggregator and technology provider whose solutions are used by financial services firms to identify and mitigate risk from employee political contributions.
buyer: ComplySci
ComplySci is a leading provider of technology solutions that help compliance organizations identify, monitor, manage and report on conflicts of interest arising from employee activities, including personal trading, gifts and entertainment, political contributions, and more. "
target: illumis Inc
illumis Inc. is a premier data aggregator and technology provider whose solutions are used by financial services firms to identify and mitigate risk from employee political contributions. The illumis platform aggregates and normalizes public political contribution data and other public records.
price ($mm)
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announced 11/10/2021 via PR Newswire

Confluence, will acquire Compliance Solutions Strategies

synopsis: Confluence Technologies, Inc., a global technology solutions provider helping the investment management industry solve complex investment data challenges, will acquire Compliance Solutions Strategies ("CSS"), a global regulatory software company that enables financial services firms to meet mandatory regulatory compliance requirements.
buyer parent: TA Associates
buyer: Confluence
Confluence is a global technology solutions provider helping the investment management industry solve complex investment data challenges. Confluence invests in the latest technology and data and in its team of industry experts to meet the evolving needs of asset managers and service providers. "
target parent: CIP Capital
target: Compliance Solutions Strategies
CSS is a trusted global RegTech partner that uniquely brings together innovative technology-driven solutions to support financial services firms in navigating a clear and strategic path through the complex and fragmented global regulatory space.
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closed 10/21/2021 via Company Press Release

ComplySci, acquired National Regulatory Services

synopsis: ComplySci, a provider of regulatory technology and compliance solutions for the financial services sector, announced the acquisition of National Regulatory Services (NRS), an advanced provider of compliance consulting services and technology solutions for investment advisers, broker-dealers, hedge funds, private equity firms, and insurers.
buyer: ComplySci
ComplySci is a leading provider of technology solutions that help compliance organizations identify, monitor, manage and report on conflicts of interest arising from employee activities, including personal trading, gifts and entertainment, political contributions, and more. "
target parent: RELX Group plc
target: National Regulatory Services
National Regulatory Services (NRS) is an advanced provider of compliance and registration products and services for investment advisers, broker-dealers, hedge funds, investment companies and insurance institutions.
price ($mm)
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announced 4/10/2019 via Company Press Release

Torstone Technology Ltd, will acquire Percentile

synopsis: Torstone Technology, a leading global provider of post-trade securities and derivatives processing technology, will acquire Percentile, a provider of cloud-based risk and compliance technology to global financial markets. Percentile boosts the performance of risk calculations and provides consistent and centralised access to all risk exposures.
buyer: Torstone Technology Ltd
Torstone is a leading global provider of cross-asset securities and derivatives post-trade processing technology. Torstone’s cloud-based Inferno platform is fast, flexible and future-proof. It enables global financial firms to reduce their costs, achieve greater control, and minimise risk. "
target: Percentile
Percentile is a provider of real-time, cloud-based risk and compliance technology to global financial markets. Percentile’s flagship product, RiskMine, drives alignment between trading desks and risk management and delivers confidence with unprecedented levels of transparency and governance.
price ($mm)
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announced 12/20/2018 via Company Press Release

Gryphon Investors, will acquire RegEd, Inc.

synopsis: Gryphon Investors, a San Francisco-based middle-market private equity firm, announced that it has signed a definitive agreement to acquire RegEd, Inc., the leading provider of compliance and regulatory management services for insurance companies, broker-dealers, banks, and other financial services companies.
buyer: Gryphon Investors
Based in San Francisco, Gryphon Investors is a leading private equity firm focused on profitably growing and competitively enhancing middle-market companies in partnership with experienced management teams. "
target parent: Falfurrias Capital
target: RegEd, Inc.
Founded in 2000 and headquartered in Raleigh, North Carolina, RegEd provides SaaS-based enterprise solutions through a suite of over 25 separate software modules to more than 200 blue-chip customers, including 80% of the top 25 financial services firms.
price ($mm)
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closed 7/18/2018 via BNC Analysis

Prime Trust, acquired FundAmerica Technologies

synopsis: Prime Trust has just purchased crowdfunding regtech specialist FundAmerica. FundAmerica provides SaaS tools and technology to a variety of issuers, broker-dealers, investment advisers, financial institutions and other entities. FundAmerica builds SEC-compliant solutions for technology-based securities offerings.
buyer: Prime Trust
Prime Trust is a blockchain-driven trust company that sees itself disrupting the traditional trust industry in the same way PayPal disrupted merchant processing. The firm serves as a custodian and trustee for personal and corporate trusts, as well as for crowdfunding platforms. "
target: FundAmerica Technologies
FundAmerica provides SaaS tools and technology to a variety of issuers, broker-dealers, investment advisers, financial institutions and other entities. FundAmerica builds SEC-compliant solutions for technology-based securities offerings.
price ($mm)
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closed 4/13/2018 via Company Press Release

ESW Capital, LLC, acquired Firm58

synopsis: ESW Capital, LLC, announced that it has acquired Firm58, one of the most respected names in trading firm and broker dealer back-office automation solutions. Firm58 provides growth-conscious capital markets firms a suite of powerful, web-based automation technologies that improve post-trade processes and increase efficiency.
buyer: ESW Capital, LLC
Based in Austin, Texas, Enterprise Software (ESW) Capital has honed a finely-tuned methodology focused on buying, strengthening, and growing mature business software companies. ESW and its affiliated companies have been in the enterprise software space since 1988. "
target: Firm58
Firm58 simplifies trade operations for capital markets firms. Their web-based financial management software manages the processes associated with fees, commissions and payouts. They offer solutions for billing, profit/expense analysis, commission sharing arrangements and compliance & surveillance.
price ($mm)
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closed 4/11/2017 via BusinessWire

Anju Software, acquired OpenQ

synopsis: Anju Software Inc., a life sciences software platform focused on delivering exceptional business application solutions with outstanding customer support, acquired OpenQ, a leading provider of Key Opinion Leader (KOL) data base and software solutions to manage KOLs. OpenQ has the largest suite of compliance solutions for regulated industries.
buyer: Anju Software
Anju Software is a life sciences software platform focused on delivering exceptional business application solutions with outstanding customer support. Anju was founded by a group of operating and investment professionals with deep domain expertise in the enterprise software sector. "
target: OpenQ
OpenQ enables social and mobile collaboration to create competitive advantage while overcoming compliance and exposure risks. OpenQ is a cloud-based technology and validated-data provider with the largest suite of life sciences- and healthcare-based compliance solutions on the market.
price ($mm)
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closed 10/29/2015 via BNC Analysis

PwC, acquired Kusiri

synopsis: PWC, a company that is committed to delivering quality in assurance, tax and advisory services, has acquired the assets of Kusiri, a technology start-up which provides a forensic data search platform used to discover fraud and for compliance screening.
buyer: PwC
PwC helps organizations and individuals create the value they’re looking for. They are a member of the PwC network of firms in 157 countries with more than 184,000 people. They are committed to delivering quality in assurance, tax and advisory services. "
target: Kusiri
Kusiri is a technology start-up which provides a forensic data search platform used to discover fraud and for compliance screening. Their scalable service is designed to augment and amplify search by providing, in real-time, deeper, faster access to data and advanced data monitoring.
price ($mm)
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closed 10/1/2015 via BusinessWire

Markit Group Ltd., acquired CoreOne Technologies

synopsis: Markit, a provider of financial information services, announced the completion of its acquisition of CoreOne Technologies, a global leading provider of regulatory reporting, index management, data management and prime brokerage services to financial institutions.
buyer: Markit Group Ltd. (MRKT:$1,129.70)
Markit is a leading global diversified provider of financial information services. They provide products that enhance transparency, reduce risk and improve operational efficiency. Their customers include banks, central banks, regulators, auditors, fund administrators and insurance companies. "
target parent: Symphony Technology Group
target: CoreOne Technologies
CoreOne Technologies is a leading provider of regulatory reporting, index management, data management and prime brokerage services to financial institutions. CoreOne delivers proven capabilities in a hosted fashion, through its cutting-edge services RegOne, DeltaOne, VistaOne and PrimeOne.
price ($mm)
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closed 1/13/2014 via Company Press Release

Deutsche Börse Group, acquired Impendium Systems

synopsis: Deutsche Börse Market Data + Services has acquired Impendium Systems, a London-based firm that deploys cloud-based software solutions to help customers’ achieve regulatory compliance in Europe, North America and Asia-Pacific.
buyer: Deutsche Börse Group (XTRA:DB1:$4,444.63)
Deutsche Börse is a data and technology service provider for the securities industry with a product and service offering for issuers, investors, intermediaries and data vendors. The Group covers the entire value chain from trading, through clearing, to settlement and securities custody. "
target: Impendium Systems
Impendium Systems is an enterprise software company operating globally that provides Regulatory Applications to financial and non-financial organizations throughout the world.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/30/2013 via PR Newswire

Delta Data Software, purchased 22c2 Services from SunGard Data Systems Inc.

synopsis: Delta Data Software, Inc., a provider of software solutions, announces that it has completed the acquisition of the 22c2 Services solution of SunGard Data Systems Inc., a leading global software and technology services company.
buyer: Delta Data Software
Delta Data is focused on solving complex challenges in the financial services industry with a 28-year legacy of delivering expertise and proven software solutions and services by handling daily processing and data management complexities for mutual funds and other pooled investment products. "
seller: SunGard Data Systems Inc.
SunGard Data Systems' SunGard Global Network 22c-2 Services provide an organization with a complete solution for managing the regulatory requirements of Rule 22c-2. Delivered over a single, web-based interface, SGN's 22c-2 Services combine secure data storage, analytics and administrative tools.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/22/2012 via PR Newswire

NICE Actimize, will acquire Redkite Financial Markets

synopsis: NICE Systems announced that it has entered into an agreement to acquire Redkite Financial Markets, an emerging provider of real-time, cloud-based institutional trade surveillance solutions. NICE is expected to benefit from the addition of Redkite's innovative, front-office based approach to real-time trade surveillance.
buyer parent: NICE Systems Ltd
buyer: NICE Actimize
NICE Actimize is the world’s largest and broadest financial crime, risk and compliance solutions provider. It provides real-time and cross-channel fraud prevention, anti-money laundering, enterprise investigations, risk management and trading surveillance solutions. "
target: Redkite Financial Markets
Redkite was established to equip financial institutions with the tools and knowledge to better monitor their trading activities in today’s complex market environment. The Company provides tailorable, real-time surveillance solutions to the global banking and brokerage communities.
price ($mm)
$9.02
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/16/2011 via BusinessWire

The Charles Schwab Corporation, acquired Compliance11, Inc.

synopsis: The Charles Schwab Corporation, a leading provider of financial services, announced the completion of its acquisition of Compliance11, Inc., a provider of compliance software. The acquisition enables Schwab to expand the compliance monitoring and reporting tools it offers to corporate clients.
buyer: The Charles Schwab Corporation (SCHW:$10,615.00)
The Charles Schwab Corporation is a leading provider of financial services. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. "
target: Compliance11, Inc.
Compliance11, Inc., is a leading provider of cloud-based compliance automation software for the financial community. Its products automate employee trading, insider trading surveillance, policy affirmations, employee disclosures, gifts, entertainment, political contributions, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/20/2011 via PR Newswire

DST Systems, Inc., acquired Subserveo, Inc.

synopsis: DST Systems, Inc., a provider of information processing and computer software products and services, announced that it has acquired Subserveo, Inc., a Vancouver, B.C.-based provider of automated compliance and surveillance solutions to broker-dealers and investment advisors throughout the U.S. and Canada.
buyer: DST Systems, Inc. (DST:$2,023.10)
DST Systems, Inc. provides sophisticated information processing and computer software products and services to support the mutual fund, investment management, insurance and healthcare industries. DST also provides integrated print and electronic statement and billing output solutions. "
target: Subserveo, Inc.
Subserveo, Inc. provides complete automated compliance and surveillance solutions to broker-dealers and investment advisors, throughout the U.S. and Canada. Subserveo’s patented offering is relied on by compliance officers, branch managers and business unit supervisors.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/3/2008 via BusinessWire

Triple Point Technology, Inc., acquired Investment Support Systems Inc.

synopsis: Triple Point Technology, the established leader in cross-industry commodity and energy trading, risk management, scheduling and logistics software solutions, has acquired Investment Support Systems Inc., the leading treasury management and regulatory compliance solution provider.
buyer parent: ABRY Partners
buyer: Triple Point Technology, Inc.
Triple Point Technology® is the leading global provider of multi-market commodity and enterprise risk management software solutions. Triple Point's Commodity XL profitably integrates physical and financial markets on a real-time, service-oriented architecture (SOA) platform for commodities. "
target: Investment Support Systems Inc.
Investment Support Systems, Inc. develops and markets treasury and risk management software solutions for energy and commodity derivative industries. It offers in-house and Web-based solutions for derivative hedge accounting and disclosure reporting.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/3/2018 via BusinessWire

Zix Corporation, acquired Erado

synopsis: Zix Corporation (Zix), a leader in email security, has acquired Erado, a provider of archiving, supervision, eDiscovery, and analytics for the financial sector. Erado’s technologies help customers manage and enforce complex compliance and archiving policies.
buyer: Zix Corporation (ZIXI:$210.99)
Zix is a leader in email security. Trusted by influential institutions in healthcare, finance and government, Zix delivers a superior experience and easy-to-use solutions for email encryption and data loss prevention, advanced threat protection, archiving and bring your own device mobile security. "
target: Erado
Founded in 1994, Erado is the pioneer and leading innovator in archiving, supervision, encryption, and compliance solutions to regulated customers worldwide. Erado’s technologies help customers manage and enforce complex compliance and archiving policies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/13/2021 via BusinessWire

IHS Markit Ltd., acquired CappiTech

synopsis: IHS Markit has acquired Cappitech, a privately held Israeli company that provides robust regulatory reporting, best execution analysis and business intelligence solutions, allowing customers to efficiently comply with transaction reporting regulations across multiple jurisdictions in one place.
buyer: IHS Markit Ltd. (INFO:$4,287.80)
UK-based IHS Markit is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government. "
target: CappiTech
Cappitech, a privately held Israeli company, provides robust regulatory reporting, best execution analysis and business intelligence solutions, allowing customers to efficiently comply with transaction reporting regulations across multiple jurisdictions in one place.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/6/2018 via Company Press Release

KRM22, acquired Irisium

synopsis: Cinnober announced that it has sold 60% of its subsidiary, Irisium, to KRM22 plc, the technology and software investment company, with a particular focus on risk management in capital markets. Irisium provides insightful analytics and contextual surveillance to exchanges, regulators, buy and sell side firms.
buyer: KRM22 (AIM:KRM:$1.63)
KRM22 is a London-listed investment company that invests in, and acquires stakes in, selected technology companies with a focus on risk management software to the capital markets sector. "
target parent: Cinnober
target: Irisium
Irisium provides insightful analytics and contextual surveillance to exchanges, regulators, buy and sell side firms. This enables market participants to meet their regulatory and compliance obligations with confidence.
price ($mm)
$3.43*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/3/2018 via Company Press Release

IBM Watson Group, acquired Armanta, Inc

synopsis: IBM has acquired Armanta, Inc., a Somerville, N.J.-based provider of aggregation and analytics software to financial services firms. Armanta’s technology platform allows financial institutions to aggregate data across multiple systems. Post-acquisition, IBM plans to integrate Armanta business as part of the Watson Financial Services portfolio.
buyer parent: IBM
buyer: IBM Watson Group
IBM Watson was developed in IBM’s Research labs. Using natural language processing and analytics, Watson processes information akin to how people think, representing a major shift in an organization’s ability to quickly analyze, understand and respond to Big Data. "
target: Armanta, Inc
Armanta, Inc. is a provider of aggregation and analytics software to financial services firms. Armanta’s technology platform allows financial institutions to aggregate data across multiple systems in near real-time speed.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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