Like Urgentem

closed 7/21/2022 via BusinessWire

Intercontinental Exchange, acquired Urgentem

See 275 Comparable Transactions
synopsis: Intercontinental Exchange, Inc., a leading global provider of data, technology and market infrastructure, announced it has expanded its climate risk offering with the acquisition of Urgentem, a provider of global corporate emissions and climate transition data.
buyer: Intercontinental Exchange (ICE:$9,168.00)
ICE serves customers by operating the exchanges, clearing houses and information services they rely upon to invest, trade and manage risk across global financial and commodity markets. A leader in market data, ICE Data Services serves the information and connectivity needs across all asset classes. "
 target: Urgentem
Urgentem is the award-winning, independent provider of transparent carbon emission data and climate risk analytics to the finance industry. Their mission is to enable the transition to a low carbon economy by taking an approach that combines best practices from finance climate and data science.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/13/2021 via BusinessWire

IHS Markit Ltd., acquired CappiTech

See 150 Comparable Transactions
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:$4,589.00)
UK-based IHS Markit is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government. "
 target: CappiTech
Cappitech, a privately held Israeli company, provides robust regulatory reporting, best execution analysis and business intelligence solutions, allowing customers to efficiently comply with transaction reporting regulations across multiple jurisdictions in one place.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/14/2019 via Bloomberg

Bloomberg L.P., acquired RegTek.Solutions

See 243 Comparable Transactions
synopsis: Bloomberg, the global business and financial information and news leader, announced that it has acquired RegTek.Solutions, a leading provider of global regulatory reporting software solutions. RegTek.Solutions offers pragmatic, modular solutions to financial institutions and intermediaries facing regulatory reporting challenges.
buyer: Bloomberg L.P.
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. "
 target: RegTek.Solutions
RegTek.Solutions is a leading provider of global regulatory reporting software solutions. RegTek.Solutions offers pragmatic, modular solutions to financial institutions and intermediaries facing regulatory reporting challenges.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/6/2018 via Company Press Release

KRM22, acquired Irisium

See 157 Comparable Transactions
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

See 264 Comparable Transactions
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
announced 7/25/2017 via GlobeNewswire

Nasdaq, Inc., will acquire Sybenetix

See 243 Comparable Transactions
synopsis: Nasdaq, Inc., a leading global provider of trading, clearing, exchange technology, listing, information and public company services, announced that it has entered into a definitive agreement to acquire Sybenetix, a leading surveillance provider that combines behavioral analytics and cognitive computing with financial markets expertise.
buyer: Nasdaq, Inc. (NasdaqGS:NDAQ:$5,770.00)
Nasdaq is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence. "
 target: Sybenetix
Sybenetix is a leading behavioural analytics company, providing the next-level category of advanced analytics being used by major financial institutions for market surveillance, conduct risk measurement and performance improvement.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/10/2021 via PR Newswire

Abel/Noser Corp., will acquire Trade Informatics LLC

See 593 Comparable Transactions
synopsis: Abel Noser Holdings, LLC, a leading provider of multi-asset class trade analytics and agency-only brokerage services, today announced that it is acquiring Trade Informatics LLC, a New York based firm offering equities trade cost analysis (TCA), customized solutions, and its START systematic execution platform.
buyer: Abel/Noser Corp.
Abel Noser Holdings LLC is the industry-leading provider of Transaction Cost Analysis (TCA) for investment managers, consultants and brokers through their subsidiary Abel Noser Solutions and for asset owners through Zeno AN Solutions. "
 target: Trade Informatics LLC
Trade Informatics provides products and services that enable institutional investors to retain more of their alpha. They provide their clients the tools and insights to succeed in an increasingly competitive investment environment.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/3/2018 via BusinessWire

Zix Corporation, acquired Erado

See 149 Comparable Transactions
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 6/17/2022 via BNC Analysis

InvestReady, acquired EarlyIQ

See 166 Comparable Transactions
synopsis: InvestReady, an industry-leading third-party provider of accredited investor verifications, announced today that it is acquiring its rival EarlyIQ, which also provides accredited investor verifications, as well as “Bad Actor” background checks and company diligence reports.
buyer: InvestReady
InvestReady is the safest and most reliable investor verification and accreditation service in the world. InvestReady understands the complexity and sensitivity of requiring investors to verify and maintain their accredited status on an ongoing basis. "
 target: EarlyIQ
Founded in 2012, EarlyIQ is the leading provider of simple, secure online diligence and compliance solutions for private financial markets including crowdfunding, peer lending, angel, accredited, private equity, and venture capital.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/2/2022 via BusinessWire

MyComplianceOffice, acquired Schwab Compliance Technologies, Inc.

See 969 Comparable Transactions
synopsis: MyComplianceOffice, a compliance management platform, has acquired Schwab Compliance Technologies (SchwabCT) from Charles Schwab, a provider of financial services. SchwabCT provides cloud-based compliance automation software for the financial community. Their solutions automate employee trading, policy affirmations, regulatory inquiries and more.
buyer: MyComplianceOffice
MyComplianceOffice (MCO) is a compliance management platform for financial firms. MCO provides an easy-to-use SaaS-based platform that enables companies around the world to reduce their risk of misconduct. Their platform allows professionals to more efficiently manage regulated transactions. "
 target parent: The Charles Schwab Corporation
target: Schwab Compliance Technologies, Inc.
Schwab Compliance Technologies, Inc. (SchwabCT) is a leading provider of cloud-based compliance automation software for the financial community. SchwabCT provides solutions that automate employee trading, insider trading surveillance, policy affirmations, regulatory inquiries and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/10/2021 via PR Newswire

Confluence, will acquire Compliance Solutions Strategies

See 181 Comparable Transactions
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.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/21/2021 via Company Press Release

ComplySci, acquired National Regulatory Services

See 177 Comparable Transactions
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 ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/30/2021 via PR Newswire

J.P. Morgan Chase & Co., will acquire OpenInvest

See 832 Comparable Transactions
synopsis: J.P. Morgan has entered into an agreement to acquire OpenInvest, a leading financial technology company that helps financial professionals customize and report on values-based investments.
buyer: J.P. Morgan Chase & Co. (JPM:$121,685.00)
JPMorgan Chase & Co. is a leading global financial services firm with assets of $2.7 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. "
 target: OpenInvest
OpenInvest is a leading financial technology company that helps financial professionals customize and report on values-based investments.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/23/2020 via GlobeNewswire

MarketAxess Holdings, Inc., will purchase Regulatory Reporting Hub from Deutsche Börse Group

See 250 Comparable Transactions
synopsis: MarketAxess, the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, has entered into an agreement to acquire the Regulatory Reporting Hub, the regulatory reporting business of Deutsche Börse Group.
buyer: MarketAxess Holdings, Inc. (MKTX:$615.14)
MarketAxess operates a leading, institutional electronic trading platform delivering expanded liquidity opportunities, improved execution quality and significant cost savings across global fixed-income markets. "
 seller: Deutsche Börse Group (XTRA:DB1:$4,843.38)
The acquisition includes the Regulatory Reporting Hub, the regulatory reporting business of Deutsche Börse Group. The Regulatory Reporting Hub is a pan-European reporting and compliance platform that enables buy- and sell-side clients to meet regulatory and transparency requirements across multiple
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/31/2019 via Company Press Release

Dynamo Software, acquired Communica

See 513 Comparable Transactions
synopsis: Dynamo Software has acquired Communica, the products subsidiary of Digiterre. Communica provides CRM, investor servicing and compliance software for some of the largest and high-profile hedge funds, private equity firms, prime brokers and fund administrators worldwide.
buyer parent: Francisco Partners Management LLC
buyer: Dynamo Software
Dynamo Software has provided premium industry-specific, configurable investment management and reporting software for the global alternative assets industry since 1998, including fund administrators, endowments, pension funds, foundations, private equity and more. "
 target parent: Digiterre Ltd.
target: Communica
Communica has been a significant force in the alternative investments sector since 2005, providing CRM, investor servicing and compliance software for some of the largest and high-profile hedge funds, private equity firms, prime brokers and fund administrators worldwide.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/17/2019 via PR Newswire

Croesus Finasoft, Inc., will acquire softTarget

See 705 Comparable Transactions
synopsis: Croesus, Canada's leading portfolio management solutions provider has announced that it has entered into an agreement to acquire softTarget, Montreal-based firm specializing in end-to-end portfolio rebalancing through its iBalance software.
buyer: Croesus Finasoft, Inc.
Headquartered in Canada, Croesus is a FinTech offering cutting-edge, easy to use, and highly secure wealth management solutions. They draw on expertise and know-how to provide products and services tailored to the needs of the financial services industry. "
 target: softTarget
Headquartered in Canada, softTarget has evolved with artificial intelligence to become an intuitive, leading edge, virtual assistant. Their software iBalance continues to evolve as they incorporate new industry practices and investment management methodologies, as well as the feedback from clients.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/10/2019 via Company Press Release

Torstone Technology Ltd, will acquire Percentile

See 289 Comparable Transactions
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 ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/20/2018 via Company Press Release

Gryphon Investors, will acquire RegEd, Inc.

See 182 Comparable Transactions
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 ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/18/2018 via BNC Analysis

Prime Trust, acquired FundAmerica Technologies

See 162 Comparable Transactions
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 ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/13/2018 via Company Press Release

ESW Capital, LLC, acquired Firm58

See 337 Comparable Transactions
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 ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
Pages:  
closed 7/21/2022 via BusinessWire

Intercontinental Exchange, acquired Urgentem

See 275 Comparable Transactions
synopsis: Intercontinental Exchange, Inc., a leading global provider of data, technology and market infrastructure, announced it has expanded its climate risk offering with the acquisition of Urgentem, a provider of global corporate emissions and climate transition data.
buyer: Intercontinental Exchange (ICE:$9,168.00)
ICE serves customers by operating the exchanges, clearing houses and information services they rely upon to invest, trade and manage risk across global financial and commodity markets. A leader in market data, ICE Data Services serves the information and connectivity needs across all asset classes. "
 target: Urgentem
Urgentem is the award-winning, independent provider of transparent carbon emission data and climate risk analytics to the finance industry. Their mission is to enable the transition to a low carbon economy by taking an approach that combines best practices from finance climate and data science.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/21/2022 via BusinessWire

Intercontinental Exchange, acquired Urgentem

See 275 Comparable Transactions
synopsis: Intercontinental Exchange, Inc., a leading global provider of data, technology and market infrastructure, announced it has expanded its climate risk offering with the acquisition of Urgentem, a provider of global corporate emissions and climate transition data.
buyer: Intercontinental Exchange (ICE:$9,168.00)
ICE serves customers by operating the exchanges, clearing houses and information services they rely upon to invest, trade and manage risk across global financial and commodity markets. A leader in market data, ICE Data Services serves the information and connectivity needs across all asset classes. "
 target: Urgentem
Urgentem is the award-winning, independent provider of transparent carbon emission data and climate risk analytics to the finance industry. Their mission is to enable the transition to a low carbon economy by taking an approach that combines best practices from finance climate and data science.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/4/2022 via BusinessWire

Intercontinental Exchange, will acquire Black Knight, Inc.

See 265 Comparable Transactions
synopsis: Intercontinental Exchange, Inc., a leading global provider of data, technology, and market infrastructure, is to acquire Black Knight, Inc., a software, data and analytics company that serves the housing finance continuum, including real estate data, mortgage lending and servicing, as well as the secondary markets.
buyer: Intercontinental Exchange (ICE:$9,168.00)
ICE serves customers by operating the exchanges, clearing houses and information services they rely upon to invest, trade and manage risk across global financial and commodity markets. A leader in market data, ICE Data Services serves the information and connectivity needs across all asset classes. "
 target: Black Knight, Inc. (BKFS:$1,475.20)
Black Knight is a provider of integrated software, data, and analytics solutions that facilitate and automate business processes across the homeownership lifecycle. Black Knight helps clients achieve their strategic goals, realize greater success, and better serve their customers.
price ($mm)[EV]
$13,178 [$15,916]
rev ($mm)
$1,513
EBITDA ($mm)
$844
EV / rev
10.8x
EV / EBITDA
19.4x
closed 4/13/2022 via BNC Analysis

Intercontinental Exchange, acquired essDOCS

See 1534 Comparable Transactions
synopsis: Paperless trade solutions provider essDocs has been acquired by Intercontinental Exchange (ICE), an owner and operator of financial and commodity marketplaces and exchanges.
buyer: Intercontinental Exchange (ICE:$9,168.00)
ICE serves customers by operating the exchanges, clearing houses and information services they rely upon to invest, trade and manage risk across global financial and commodity markets. A leader in market data, ICE Data Services serves the information and connectivity needs across all asset classes. "
 target: essDOCS
essDOCS enables paperless trade. Their CargoDocs platform digitizes and automates paper-heavy trade operations, finance and logistics processes through two key solutions: DocPrep+ and DocEx. CargoDocs enables users to standardize and streamline processes, reduce working capital needs & trading risks
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/6/2020 via BusinessWire

Intercontinental Exchange, will acquire Ellie Mae, Inc.

See 243 Comparable Transactions
synopsis: Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listing services, announced that it has entered into a definitive agreement to acquire Ellie Mae, the leading cloud-based platform provider for the mortgage finance industry.
buyer: Intercontinental Exchange (ICE:$9,168.00)
ICE serves customers by operating the exchanges, clearing houses and information services they rely upon to invest, trade and manage risk across global financial and commodity markets. A leader in market data, ICE Data Services serves the information and connectivity needs across all asset classes. "
 target parent: Thoma Bravo, LLC
target: Ellie Mae, Inc. (ELLI:$477.11)
Ellie Mae is the leading cloud-based platform provider for the mortgage finance industry. Ellie Mae’s technology solutions enable lenders to originate more loans, reduce origination costs, and shorten the time to close, all while ensuring the highest levels of compliance, quality and efficiency.
price ($mm)
$11,000
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/5/2020 via BusinessWire

Intercontinental Exchange, will acquire Bridge2 Solutions

See 3658 Comparable Transactions
synopsis: Intercontinental Exchange, Inc., a leading operator of global exchanges and clearing houses and provider of data and listings services, announced that it has agreed to acquire Bridge2 Solutions, a leading provider of loyalty solutions for merchants and consumers.
buyer: Intercontinental Exchange (ICE:$9,168.00)
ICE serves customers by operating the exchanges, clearing houses and information services they rely upon to invest, trade and manage risk across global financial and commodity markets. A leader in market data, ICE Data Services serves the information and connectivity needs across all asset classes. "
 target: Bridge2 Solutions
Bridge2 Solutions is a leading provider of loyalty solutions for merchants and consumers. It powers programs for seven of the top ten financial institutions and 4,500 loyalty, incentive and employee perk programs for companies across a wide spectrum of industries.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/2/2019 via BusinessWire

Intercontinental Exchange, will acquire Simplifile, LC

See 224 Comparable Transactions
synopsis: Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of data and listings services, is to acquire Simplifile, one of the largest networks connecting the agents and jurisdictions that underpin residential mortgage records.
buyer: Intercontinental Exchange (ICE:$9,168.00)
ICE serves customers by operating the exchanges, clearing houses and information services they rely upon to invest, trade and manage risk across global financial and commodity markets. A leader in market data, ICE Data Services serves the information and connectivity needs across all asset classes. "
 target: Simplifile, LC
Simplifile operates one of the largest networks connecting the agents and jurisdictions that underpin residential mortgage records, serving as a liaison between lenders, settlement agents, and county recording offices, streamlining the local recording of residential mortgage transactions.
price ($mm)
$335
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/5/2018 via BusinessWire

NYSE, will acquire Radiate, Inc.

See 35 Comparable Transactions
synopsis: NYSE has acquired Radiate, Inc. Radiate offers a library of more than 2,000 short-length video lessons taught by over 100 global CEOs and thought leaders. The Radiate platform, when it becomes a part of the NYSE, will add to the Exchange’s broad array of content and events.
buyer parent: Intercontinental Exchange
buyer: NYSE (NYX:$3,749.00)
NYSE Group is a subsidiary of Intercontinental Exchange, a leading operator of global exchanges and clearing houses, and a provider of data and listings services. The NYSE is the premier global venue for capital raising, leading worldwide in IPOs, including technology IPOs. "
 target: Radiate, Inc.
Radiate, Inc. was founded in 2016 to empower emerging leaders with expert advice. Radiate offers a library of more than 2,000 short-length video lessons taught by over 100 global CEOs and thought leaders. These lessons help emerging leaders to develop leadership and soft skills.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/30/2018 via BusinessWire

Intercontinental Exchange, acquired TMC Bonds

See 209 Comparable Transactions
synopsis: Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of data and listings services, announced that it has completed its acquisition of TMC Bonds. TMC Bonds is a premier fixed income marketplace, supporting anonymous trading across multiple protocols.
buyer: Intercontinental Exchange (ICE:$9,168.00)
Intercontinental Exchange operates the leading network of global futures, equity and equity options exchanges, as well as global clearing and data services across financial and commodity markets. ICE’s futures exchanges and clearing houses serve global commodity and financial markets. "
 target: TMC Bonds
Established in 2000, TMC Bonds is a premier fixed income marketplace, supporting anonymous trading across multiple protocols, including click-to-trade and request-for-quote (RFQ) in various asset classes including Municipals, Corporates, Treasuries, Agencies and Certificates of Deposit.
price ($mm)
$685
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/14/2017 via BusinessWire

TMX Group Inc., acquired Trayport Ltd.

See 495 Comparable Transactions
synopsis: Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of data and listings services, announced it has completed the sale of Trayport, a leading provider of energy trading solutions to traders, brokers and exchanges worldwide, to TMX Group Limited.
buyer: TMX Group Inc. (TSX:X:$805.93)
TMX Group is an integrated, multi-asset class exchange group. TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. "
 target parent: Intercontinental Exchange, Inc.
target: Trayport Ltd.
Trayport is a leading provider of energy trading solutions to traders, brokers and exchanges worldwide. It develops, deploys and supports quality, resilient software for trading in multiple asset classes. Trayport’s GlobalVision software is used by the world’s largest trading companies.
price ($mm)
$725
rev ($mm)
$76
EBITDA ($mm)
$40
EV / rev
9.5x
EV / EBITDA
18.3x
closed 1/2/2018 via BusinessWire

Intercontinental Exchange, purchased BondPoint from Virtu Financial LLC

See 139 Comparable Transactions
synopsis: Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of data and listings services, announced it has completed its acquisition of Virtu BondPoint, a leading provider of electronic fixed income trading solutions, from Virtu Financial.
buyer: Intercontinental Exchange (ICE:$9,168.00)
Intercontinental Exchange operates the leading network of global futures, equity and equity options exchanges, as well as global clearing and data services across financial and commodity markets. ICE’s futures exchanges and clearing houses serve global commodity and financial markets. "
 seller: Virtu Financial LLC (VIRT:$1,851.58)
BondPoint is a leading provider of electronic fixed income trading solutions for the buy-side and sell-side offering access to centralized liquidity and automated trade execution services through its alternative trading system (ATS) linking more than 500 financial services firms.
price ($mm)
$400
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/7/2017 via PE Hub

Marlin Equity Partners, acquired True Office Learning

See 563 Comparable Transactions
synopsis: Marlin Equity Partners has acquired True Office Learning, formerly known as NYSE Governance Services Inc, from Intercontinental Exchange Inc. True Office is a leading provider of analytics-rich, interactive e-learning software and services, specializing in governance, risk and compliance (“GRC”).
buyer: Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $6.7 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. "
 target parent: Intercontinental Exchange, Inc.
target: True Office Learning
True Office Learning is a leading enterprise education and analytics company that connects e-learning to advanced behavioral data through an adaptive technology platform. The company’s cloud-based software provides organizational insights that were previously immeasurable.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/15/2017 via BusinessWire

Intercontinental Exchange, Inc., will acquire TMX Atrium

See 2 Comparable Transactions
synopsis: Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of data and listings services, announced it has entered an agreement to acquire TMX Atrium, a global extranet and wireless services business from TMX Group.
buyer: Intercontinental Exchange, Inc. (ICE:$9,168.00)
Intercontinental Exchange operates the leading network of global futures, equity and equity options exchanges, as well as global clearing and data services across financial and commodity markets. ICE’s futures exchanges and clearing houses serve global commodity and financial markets. "
 target parent: TMX Group Inc.
target: TMX Atrium
TMX Atrium provides Internet protocol-based network connectivity solutions to the financial services community in Europe, North America, and South America. It offers financial community with connectivity between multiple markets and trading venues.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/31/2017 via BusinessWire

NYSE, acquired National Stock Exchange

See 80 Comparable Transactions
synopsis: The New York Stock Exchange (NYSE), part of Intercontinental Exchange, announced that it completed its acquisition of the National Stock Exchange, Inc. (NSX), now renamed NYSE National, Inc. The National Stock Exchange, headquartered in Jersey City, NJ, offers trading in all US exchange-listed equities on its NSX BLADE® trading platform.
buyer parent: Intercontinental Exchange, Inc.
buyer: NYSE (NYX:$3,749.00)
NYSE Group is a subsidiary of Intercontinental Exchange, a leading operator of global exchanges and clearing houses, and a provider of data and listings services. NYSE Group includes exchanges, market data and connectivity services. "
 target parent: CBOE Holdings, Inc.
target: National Stock Exchange
The National Stock Exchange (NSX), headquartered in Jersey City, NJ, offers trading in all US exchange-listed equities on its NSX BLADE® trading platform. Originally founded as the Cincinnati Stock Exchange, NSX became the first all-electronic exchange in the U.S. in 1980.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/3/2017 via GlobeNewswire

FactSet Research Systems Inc., purchased Interactive Data Managed Solutions from Interactive Data Corporation

See 244 Comparable Transactions
synopsis: FactSet, a provider of integrated financial information, analytical applications, & service, announced that it has completed its acquisition of the Interactive Data Managed Solutions business (IDMS) from Intercontinental Exchange. IDMS is a managed solutions and portal provider helping clients adapt to the wealth industry’s digital transformation.
buyer: FactSet Research Systems Inc. (FDS:$1,627.96)
FactSet delivers superior analytics, service, content, and technology to help users see & seize opportunity sooner. They are committed to giving investment professionals the edge to outperform, with fresh perspectives, informed insights, & the industry-leading support of their dedicated specialists."
 seller parent: Intercontinental Exchange, Inc.
seller: Interactive Data Corporation
Interactive Data Managed Solutions (IDMS) supports the wealth management marketplace across a variety of workflows and functions, from advisors to their clients. IDMS offers real-time market data desktops, customizable web-based portals, and a broad range of mobile solutions.
price ($mm)
rev ($mm)
$68
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 10/4/2016 via BusinessWire

Intercontinental Exchange, Inc., acquired Standard & Poor's Securities Evaluations

See 113 Comparable Transactions
synopsis: Intercontinental Exchange announced it has completed its all-cash acquisition of S&P Global’s Standard & Poor’s Securities Evaluations (SPSE), a leading provider of fixed income evaluated pricing, and Credit Market Analysis (CMA), a leading provider of independent data for the over-the-counter (OTC) markets, including credit derivatives and bonds.
buyer: Intercontinental Exchange, Inc. (ICE:$9,168.00)
Intercontinental Exchange (NYSE:ICE) operates the leading network of regulated exchanges and clearing houses. ICE’s futures exchanges and clearing houses serve global commodity and financial markets, providing risk management and capital efficiency. "
 target parent: The McGraw-Hill Companies, Inc.
target: Standard & Poor's Securities Evaluations
S&P Global’s Standard & Poor’s Securities Evaluations (SPSE) is a leading provider of fixed income evaluated pricing. Standard & Poor's Credit Market Analysis (CMA), a leading provider of independent data for the over-the-counter (OTC) markets, including credit derivatives and bonds.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/17/2016 via BusinessWire

Intercontinental Exchange, Inc., will acquire MERSCORP Holdings, Inc.

See 65 Comparable Transactions
synopsis: MERSCORP Holdings, Inc. and Intercontinental Exchange announced that ICE will acquire a majority equity position in MERSCORP Holdings, Inc., owner of Mortgage Electronic Registrations Systems, Inc. The MERS system is the only national database to provide free public access to servicer information and registered home mortgages.
buyer: Intercontinental Exchange, Inc. (ICE:$9,168.00)
Intercontinental Exchange operates the leading network of global futures, equity and equity options exchanges, as well as global clearing and data services across financial and commodity markets. ICE’s futures exchanges and clearing houses serve global commodity and financial markets. "
 target: MERSCORP Holdings, Inc.
MERSCORP Holdings, Inc. is a privately held corporation that owns and manages the MERS System. The MERS system is the only national database to provide free public access to servicer information and registered home mortgages.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/11/2015 via BusinessWire

Intercontinental Exchange, Inc., acquired Trayport Ltd.

See 495 Comparable Transactions
synopsis: Intercontinental Exchange, the leading global network of exchanges and clearing houses, announced it has completed its acquisition of Trayport. Trayport licenses its technology platform to serve brokers for electronic and hybrid trade execution primarily in the European over-the-counter utility markets.
buyer: Intercontinental Exchange, Inc. (ICE:$9,168.00)
Intercontinental Exchange (NYSE:ICE) operates the leading network of regulated exchanges and clearing houses. ICE’s futures exchanges and clearing houses serve global commodity and financial markets, providing risk management and capital efficiency. "
 target parent: BGC Partners L.P.
target: Trayport Ltd.
Trayport is a leading provider of energy trading solutions to traders, brokers and exchanges worldwide. It develops, deploys and supports quality, resilient software for trading in multiple asset classes. Trayport’s GlobalVision software is used by the world’s largest trading companies.
price ($mm)
$650
rev ($mm)
$80
EBITDA ($mm)
EV / rev
10.7x
EV / EBITDA
closed 12/14/2015 via BusinessWire

Intercontinental Exchange, Inc., acquired Interactive Data Corporation

See 331 Comparable Transactions
synopsis: Intercontinental Exchange, the leading global network of exchanges and clearing houses, announced it has completed its acquisition of Interactive Data Corporation, a leading provider of financial market data, analytics and related trading solutions from Silver Lake and Warburg Pincus, a leading global private equity firm.
buyer: Intercontinental Exchange, Inc. (ICE:$9,168.00)
Intercontinental Exchange (NYSE:ICE) operates the leading network of regulated exchanges and clearing houses. ICE’s futures exchanges and clearing houses serve global commodity and financial markets, providing risk management and capital efficiency. "
 target parent: Warburg Pincus
target: Interactive Data Corporation
Interactive Data Corporation (“IDC”) is a trusted leader in financial information. IDC’s offerings support clients around the world with mission-critical functions, including portfolio valuation, regulatory compliance, risk management, electronic trading and wealth management.
price ($mm)[EV]
$5,265 [$7,450]
rev ($mm)
$940
EBITDA ($mm)
$332
EV / rev
7.9x
EV / EBITDA
22.5x
closed 11/6/2014 via Forbes

NYSE, acquired True Office

See 881 Comparable Transactions
synopsis: NYSE Acquired True Office. The company enables global organizations to educate their workforces more effectively by delivering interactive experiences that make complex policies understandable. Their software solutions turns compliance training into games, with scoring and record-keeping.
buyer parent: Intercontinental Exchange, Inc.
buyer: NYSE (NYX:$3,749.00)
NYSE operates global financial markets across commodities, FX, equities, bonds, interest rates. NYSE's stock exchanges represent one-third of traded equities volume worldwide. NYSE operates four exchanges across the US and Europe offering commodities, fixed income and equity derivatives. "
 target: True Office
True Office is the pioneer in impactful, gamified training software applied to compliance & risk management, professional development and customer proficiency. They help organizations educate stakeholders more effectively by transforming complex policies and concepts into understandable meaning.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/8/2014 via BusinessWire

Intercontinental Exchange, Inc., acquired SuperDerivatives, Inc.

See 272 Comparable Transactions
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:$9,168.00)
Intercontinental Exchange is the leading network of regulated exchanges and clearing houses for financial and commodity markets. ICE delivers transparent, reliable and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges. "
 target: SuperDerivatives, Inc.
Founded in 2000, SuperDerivatives provides risk management analytics and systems across all asset classes, including interest rates, FX, credit, equities, energy and commodities to customers ranging from banks, asset managers, corporations, central banks, auditors and brokers.
price ($mm)
$350
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
Pages:  
announced 5/14/2013 via GlobeNewswire

INTL FCStone Inc., will acquire The Cleartrade Exchange Pte Ltd.

See 37 Comparable Transactions
synopsis: INTL FCStone Inc., a provider of execution and advisory services in commodities, currencies and international securities, announced that it has agreed with Cleartrade Exchange (CLTX) to acquire immediate voting control and the right to acquire up to 90% of equity interest over a five-year period.
buyer: INTL FCStone Inc. (INTL:$37,434.30)
INTL FCStone Inc. provides execution and advisory services in commodities, currencies and international securities. INTL's businesses, which include the commodities advisory and transaction execution firm FCStone Group, serve more than 20,000 customers. "
 target: The Cleartrade Exchange Pte Ltd.
Cleartrade Exchange (CLTX) is an electronic global marketplace for futures and swaps commodity derivatives. Cleartrade Exchange operates a regulated futures market as a licensed Recognised Market Operator (RMO) regulated by the Monetary Authority of Singapore (MAS).
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/31/2013 via Company Press Release

ASX Group, will acquire d-cyphaTrade Limited

See 66 Comparable Transactions
synopsis: ASX has entered into an agreement to acquire d-cyphaTrade Limited from Transpower New Zealand Limited. d-cypha researches, develops, markets and promotes Australian electricity futures and options for trading and clearing on the futures market operated by ASX.
buyer: ASX Group
Australian Securities Exchange (ASX) Group is the brand name for ASX Limited. ASX Group is one of the world’s top 10 listed exchange groups measured by market capitalisation, and functions primarily as a market operator, clearing house and settlement system facilitator. "
 target: d-cyphaTrade Limited
d-cyphaTrade is an independent energy market expert with a uniquely successful track record of developing and building energy derivative markets.
price ($mm)[EV]
$53 [$51]
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/4/2019 via BusinessWire

Kraken, acquired Crypto Facilities

See 63 Comparable Transactions
synopsis: Kraken, the largest Bitcoin exchange in euro volume and liquidity, announced the acquisition of Crypto Facilities, a world-leading, regulated cryptocurrency trading platform and index provider based in the UK.
buyer: Kraken
Kraken is the largest Bitcoin exchange in euro volume and liquidity and also trading Canadian dollars, US dollars, British pounds and Japanese yen. Kraken is consistently rated the best and most secure Bitcoin exchange by independent news media. "
 target: Crypto Facilities
Crypto Facilities is a world-leading cryptocurrency trading platform, offering individuals and institutions regulated, transparent and secure derivatives trading 24/7/365. They are based in London, UK.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/18/2012 via BNC Analysis

Hong Kong Exchanges and Clearing Limited, will acquire London Metal Exchange

See 65 Comparable Transactions
synopsis: The Hong Kong stock exchange agreed to buy the London Metal Exchange, a British institution and the world's biggest marketplace for industrial metals, underscoring the global shift in manufacturing to Asia. The deal would give Asia's largest bourse a much-desired commodity trading platform.
buyer: Hong Kong Exchanges and Clearing Limited (SEHK:388:$2,074.79)
Hong Kong Exchanges and Clearing Limited, or HKEx, operates a securities market and a derivatives market in Hong Kong and the clearing houses for those markets. HKEx was listed in Hong Kong in 2000 and is now one of the world’s largest exchange owners based on the market capitalisation of its shares"
 target: London Metal Exchange
The London Metal Exchange is the world's premier non-ferrous metals market. The LME offers futures and options contracts for aluminium, copper, tin, nickel, zinc, lead, aluminium alloy and NASAAC, steel billet, cobalt and molybdenum.
price ($mm)
$2,174
rev ($mm)
$96
EBITDA ($mm)
$32
EV / rev
22.7x
EV / EBITDA
68.1x
announced 12/5/2019 via Company Press Release

Euronext N.V., will acquire Nord Pool AS

See 64 Comparable Transactions
synopsis: Amsterdam-based Euronext, the leading pan-European exchange in the Eurozone, will acquire the Nord Pool group, which runs a leading physical power market in Europe, operating from its headquarters in Oslo. Nord Pool group offers power trading, clearing, settlement, and associated services in both day-ahead and intraday physical energy markets.
buyer: Euronext N.V. (ENXTPA:ENX:$1,091.15)
Euronext is the leading pan-European exchange in the Eurozone. Euronext operates regulated and transparent equity and derivatives markets. Its total product offering includes Equities, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. "
 target: Nord Pool AS
Oslo-based Nord Pool, Europe’s leading power market, delivers efficient and secure trading across Europe. The company offers day-ahead and intraday trading, clearing and settlement to customers regardless of size or location. Nord Pool has 380 companies from 20 countries trading on their markets.
price ($mm)
$93*
rev ($mm)
$44
EBITDA ($mm)
EV / rev
3.2x
EV / EBITDA
closed 1/31/2017 via BusinessWire

NYSE, acquired National Stock Exchange

See 80 Comparable Transactions
synopsis: The New York Stock Exchange (NYSE), part of Intercontinental Exchange, announced that it completed its acquisition of the National Stock Exchange, Inc. (NSX), now renamed NYSE National, Inc. The National Stock Exchange, headquartered in Jersey City, NJ, offers trading in all US exchange-listed equities on its NSX BLADE® trading platform.
buyer parent: Intercontinental Exchange, Inc.
buyer: NYSE (NYX:$3,749.00)
NYSE Group is a subsidiary of Intercontinental Exchange, a leading operator of global exchanges and clearing houses, and a provider of data and listings services. NYSE Group includes exchanges, market data and connectivity services. "
 target parent: CBOE Holdings, Inc.
target: National Stock Exchange
The National Stock Exchange (NSX), headquartered in Jersey City, NJ, offers trading in all US exchange-listed equities on its NSX BLADE® trading platform. Originally founded as the Cincinnati Stock Exchange, NSX became the first all-electronic exchange in the U.S. in 1980.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/28/2017 via PR Newswire

CBOE Holdings, Inc., acquired BATS Global Markets, Inc.

See 85 Comparable Transactions
synopsis: CBOE, the largest U.S. options exchange and creator of listed options, has completed its acquisition of Bats Global Markets, the second-largest stock exchange operator in the U.S. Bats also operates the largest stock exchange and trade reporting facility in Europe, and the #1 market globally for ETP trading.
buyer: CBOE Holdings, Inc. (CBOE:$3,181.50)
CBOE Holdings, Inc. is the holding company for Chicago Board Options Exchange (CBOE), the CBOE Futures Exchange (CFE) and other subsidiaries. CBOE is the largest U.S. options exchange and creator of listed options. "
 target: BATS Global Markets, Inc. (BATS:$1,861.90)
BATS Global Markets, Inc. is a leading global operator of securities markets, committed to Making Markets Better for traders, investors and issuers. In the U.S., BATS operates four stock exchanges – BZX, BYX, EDGX and EDGA – and regularly ranks as the top market for ETF and retail-driven liquidity.
price ($mm)[EV]
$3,168 [$3,620]
rev ($mm)
$1,912
EBITDA ($mm)
$279
EV / rev
1.9x
EV / EBITDA
13.1x
cancelled 3/29/2017 via BNC Analysis

London Stock Exchange Group plc cancelled merger with Deutsche Börse Group,

See 85 Comparable Transactions
synopsis: The merger between the London Stock Exchange and its German rival Deutsche Börse has fallen apart after it was blocked by the European commission on the day that Britain served notice on its EU membership.
buyer: Deutsche Börse Group (XTRA:DB1:$4,843.38)
Deutsche Börse Group is one of the largest exchange organisations worldwide. It organises markets characterised by integrity, transparency and safety for investors who invest capital and for companies that raise capital. "
 target: London Stock Exchange Group plc (LSE:LSE:$6,709.00)
London Stock Exchange is the world’s most international exchange. Nearly 2,500 companies from more than 90 countries are quoted across its markets, with a combined value of £4.4 trillion.
price ($mm)[EV]
$13,067 [$14,677]
rev ($mm)
$2,154
EBITDA ($mm)
$910
EV / rev
6.8x
EV / EBITDA
16.1x
closed 2/3/2014 via BusinessWeek

IntercontinentalExchange, acquired Singapore Mercantile Exchange

See 85 Comparable Transactions
synopsis: IntercontinentalExchange Group, the leading global network of exchanges and clearing houses, announced the successful completion of its previously announced acquisition of Singapore Mercantile Exchange (SMX). SMX offers a comprehensive platform for trading a diversified basket of commodities.
buyer: IntercontinentalExchange (ICE:$9,168.00)
IntercontinentalExchange (ICE) operates the leading global, electronic marketplace for trading both futures and OTC energy contracts. ICE offers a range of contracts based on crude oil and refined products, natural gas, power and emissions. "
 target: Singapore Mercantile Exchange
Singapore Mercantile Exchange(SMX) is the first pan-Asian multi-product commodity and currency derivatives exchange. SMX offers a comprehensive platform for trading a diversified basket of commodities including futures and options contracts on metals, agriculture commodities, energy, and currencies.
price ($mm)
$150
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/12/2013 via Reuters

IntercontinentalExchange, acquired NYSE Euronext

See 85 Comparable Transactions
synopsis: IntercontinentalExchange Inc's takeover of NYSE Euronext is complete and stock of the combined company will begin trading under the symbol ICE. ICE also plans to spin off Euronext, which includes the Paris, Amsterdam, Brussels and Lisbon stock exchanges, in an IPO likely some time next year.
buyer: IntercontinentalExchange (ICE:$9,168.00)
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: NYSE Euronext (NYX:$3,749.00)
NYSE Euronext is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products.
price ($mm)[EV]
$8,034 [$10,175]
rev ($mm)
$3,584
EBITDA ($mm)
$923
EV / rev
2.9x
EV / EBITDA
11.4x
closed 12/19/2011 via PR Newswire

RTS Exchange merged with MICEX,

See 85 Comparable Transactions
synopsis: MICEX and RTS Exchange have merged, creating a single Russian exchange that is well-positioned to become a leading venue globally for trading across asset classes. The merger creates a one-stop-shop for local and international market participants to trade equities, bonds, derivatives and currencies.
buyer: MICEX
The MICEX Group is the largest exchange in Russia, the CIS countries, and Central and Eastern Europe. It is an integrated exchange structure that provides electronic trade organization, clearing and settlements on trades, and depository and information services. "
 target: RTS Exchange
Established in 1995 as the first regulated stock market in Russia, RTS Stock Exchange trades the full range of financial instruments from cash equities to commodity futures. The RTS Index has become the main benchmark for the Russian securities industry.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/18/2011 via Reuters

Osaka Securities Exchange will be merged with The Tokyo Stock Exchange,

See 85 Comparable Transactions
synopsis: The Tokyo Stock Exchange and Osaka Securities Exchange Co Ltd have made a final decision to merge their operations and create the world's third-largest securities bourse. Under the plan, the unlisted Tokyo bourse will first take a stake of up to a two-thirds in the smaller but listed Osaka exchange.
buyer: The Tokyo Stock Exchange
Tokyo Stock Exchange Group, Inc. provides a securities market that supports the fund management and capital raising activities for users in Japan and internationally. It offers market information, including indices, market data, statistics, and listed company information. "
 target: Osaka Securities Exchange (OSCUF:$22,492.00)
Osaka Securities Exchange Co., Ltd. provides marketplace for transactions of equities, stock index futures, stock index options, and security options contracts in Japan.
price ($mm)[EV]
$1,123 [$771]*
rev ($mm)
$283
EBITDA ($mm)
$148
EV / rev
4.7x
EV / EBITDA
9.0x
announced 9/29/2011 via PR Newswire

CBOE Stock Exchange, LLC, will acquire National Stock Exchange

See 80 Comparable Transactions
synopsis: CBOE Stock Exchange (CBSX) has entered into a definitive agreement to acquire the National Stock Exchange, Inc. (NSX), an all-electronic stock exchange which is owned primarily by several nationally-known broker-dealers. Plans call for CBSX to operate NSX as a separate exchange, while consolidating data systems and business operations.
buyer parent: CBOE Holdings, Inc
buyer: CBOE Stock Exchange, LLC
The all-electronic CBOE Stock Exchange, LLC, created in 2007 by the Chicago Board Options Exchange and four market-maker partners, offers trading in more than 7,600 equities and exchange traded funds listed on U.S. securities markets. "
 target: National Stock Exchange
The National Stock Exchange (NSX), headquartered in Jersey City, NJ, offers trading in all US exchange-listed equities on its NSX BLADE® trading platform. Originally founded as the Cincinnati Stock Exchange, NSX became the first all-electronic exchange in the U.S. in 1980.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/1/2011 via BusinessWire

Chi-X Europe Limited merged with BATS Global Markets, Inc.,

See 80 Comparable Transactions
synopsis: BATS Global Markets (BATS) announced the completion of the Chi-X Europe acquisition. Chi-X Europe operates the largest pan-European equity multilateral trading facility (MTF). BATS intends to combine the BATS Europe and Chi-X Europe MTFs, which will be known as BATS Chi-X Europe.
buyer: BATS Global Markets, Inc. (BATS:$1,861.90)
BATS Global Markets (BATS) is an innovative global financial markets technology company based in the Kansas City, MO. The BATS trading platforms are internally developed by a dedicated team of market and technology professionals with BATS Exchange (BZX), the third-largest US securities exchange. "
 target parent: Nomura Holdings, Inc.
target: Chi-X Europe Limited
Chi-X Europe operates a multilateral trading facility for the trading of more than 1,300 of the most liquid securities across 25 indices and 15 major European markets, as well as exchange traded funds, exchange traded commodities and international depositary receipts.
price ($mm)
$300
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
cancelled 2/2/2012 via BusinessWire

NYSE Euronext cancelled merger with Deutsche Börse Group,

See 85 Comparable Transactions
synopsis: NYSE Euronext announced that in light of the decision by the European Commission to block the proposed merger agreement, both companies have agreed to a mutual termination of the business combination agreement originally signed by the Companies on February 15, 2011.
buyer: Deutsche Börse Group (XTRA:DB1:$4,843.38)
As one of the world’s leading exchange organizations, Deutsche Börse Group provides investors, financial institutions and companies access to global capital markets. "
 target: NYSE Euronext (NYX:$3,749.00)
NYSE Euronext is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products.
price ($mm)[EV]
$10,252 [$12,385]
rev ($mm)
$4,172
EBITDA ($mm)
$1,071
EV / rev
3.0x
EV / EBITDA
11.6x
announced 12/21/2009 via Company Press Release

Turquoise will be merged with Baikal Global, Ltd.,

See 80 Comparable Transactions
synopsis: London Stock Exchange Group plc (LSEG) and Turquoise Trading Limited (Turquoise) announced their agreement to create a new pan-European trading venture through a merger of the businesses of Turquoise and Baikal Global Limited (Baikal).
buyer parent: London Stock Exchange Group plc
buyer: Baikal Global, Ltd.
Baikal, part of the London Stock Exchange Group, will be a pan-European Multilateral Trading Facility (MTF) complemented by a Liquidity Aggregation Service which seeks out liquidity in over 20 venues across 14 countries. "
 target: Turquoise
Turquoise provides electronic execution services to buyers and sellers of pan-European equities, delivering differentiated value throughout the trading process.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/8/2009 via Company Press Release

New Zealand Exchange Limited, will acquire The Marketplace Company, Ltd.

See 85 Comparable Transactions
synopsis: NZX has agreed to a conditional term sheet for the acquisition of assets of The Marketplace Company. M-co designs, develops and operates markets for electricity, electricity derivatives, gas and carbon. NZX's proposed acquisition includes the energy business, gas business and M-co's software and trading platforms including EnergyHedge and Regi.
buyer: New Zealand Exchange Limited (NZE:NZX:$44.56)
The NZX Capital Markets (New Zealand Exchange Limited) form a diverse offering for companies wishing to raise growth capital and investors looking for secure and liquid investment opportunities. "
 target: The Marketplace Company, Ltd.
M-co designs, develops and operates markets for electricity, electricity derivatives, gas and carbon. NZX's proposed acquisition includes the energy business, gas business and M-co's software and trading platforms including EnergyHedge (for electricity derivatives) and Regi (a carbon registry).
price ($mm)
$7.57
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/18/2009 via PR Newswire

GAIN Capital, acquired Fortune Capital Co., Ltd.

See 80 Comparable Transactions
synopsis: GAIN Capital Holdings Inc., a global provider of online foreign exchange trading services, announced that it has acquired a controlling stake in Fortune Capital Co. Ltd, a privately-owned provider of forex trading services in Japan.
buyer: GAIN Capital (GCAP:$213.30)
GAIN Capital is a market leader in the rapidly growing online foreign exchange industry. Founded in 1999 by Wall Street veterans, GAIN now services clients from more than 140 countries and supports average trade volume in excess of $200 billion per month with its customers and counterparties. "
 target: Fortune Capital Co., Ltd.
Founded in 2002, Fortune Capital provides online foreign exchange trading services in Japan. Fortune Capital offers FX traders the highest possible level of price transparency via real time streaming quotes, and a speed of execution that's unmatched in the marketplace.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/14/2008 via PR Newswire

NYSE Euronext, will purchase Metals Complex from CME Group

See 85 Comparable Transactions
synopsis: NYSE Euronext, the world's leading and most liquid exchange group, and CME Group, the world's largest and most diverse derivatives exchange, today announced that NYSE Euronext will purchase the CME Group's Metals Complex.
buyer: NYSE Euronext (NYX:$3,749.00)
NYSE Euronext operates the world's largest and most liquid exchange group and offers the most diverse array of financial products and services. NYSE Euronext is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data. "
 seller: CME Group (CME:$4,593.10)
CME Group is the leading equity index derivatives marketplace, offering futures and options on key benchmark indexes that cover the spectrum of small-, medium- and large-cap indexes in the U.S., Europe and Asia.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/27/2008 via Company Press Release

Singapore Stock Exchange, will acquire Singapore Commodity Exchange

See 85 Comparable Transactions
synopsis: Singapore Exchange Limited and Singapore Commodity Exchange Limited announced today that they have agreed in-principle to SGX acquiring at least 95% of SICOM, through the subscription of shares, for a total investment of S$7.5 million.
buyer: Singapore Stock Exchange (SGX:S68:$733.19)
Singapore Exchange Limited (SGX) is Asia-Pacific's first demutualised and integrated securities and derivatives exchange. SGX was inaugurated on 1 December 1999, following the merger of the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (SIMEX). "
 target: Singapore Commodity Exchange
Singapore Commodity Exchange provides a centralised and regulated marketplace for commodity futures to be traded in Singapore. This paves the way for Singapore to become a commodity futures trading centre complementing its international trading activities.
price ($mm)
$7.50*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
Pages:  

Like Urgentem


read more

Urgentem

CappiTech

RegTek.Solutions

Irisium

Armanta, Inc

Sybenetix

Trade Informatics LLC

Erado

EarlyIQ

Schwab Compliance Technologies, Inc.

Compliance Solutions Strategies

National Regulatory Services

OpenInvest

Deutsche Börse Group

Communica

softTarget

Percentile

RegEd, Inc.

FundAmerica Technologies

Firm58

Pages:  
read more

Urgentem

read more

Urgentem

Black Knight, Inc.

essDOCS

Ellie Mae, Inc.

Bridge2 Solutions

Simplifile, LC

Radiate, Inc.

TMC Bonds

Trayport Ltd.

Virtu Financial LLC

True Office Learning

TMX Atrium

National Stock Exchange

Interactive Data Corporation

Standard & Poor's Securities Evaluations

MERSCORP Holdings, Inc.

Trayport Ltd.

Interactive Data Corporation

True Office

SuperDerivatives, Inc.

Pages:  
read more

The Cleartrade Exchange Pte Ltd.

d-cyphaTrade Limited

Crypto Facilities

London Metal Exchange

Nord Pool AS

National Stock Exchange

BATS Global Markets, Inc.

London Stock Exchange Group plc

Singapore Mercantile Exchange

NYSE Euronext

RTS Exchange

Osaka Securities Exchange

National Stock Exchange

Chi-X Europe Limited

NYSE Euronext

Turquoise

The Marketplace Company, Ltd.

Fortune Capital Co., Ltd.

CME Group

Singapore Commodity Exchange

Pages:  
Geography
Matching Companies
Ticker: AIM:KRM
 
 
 
 
 
 
 
 
KRM22
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.
year
2018
rev ($mm)
$1.63
EBITDA ($mm)
($6.12)
EBIT ($mm)
($6.78)
Net Income ($mm)
Employees
0
  • drill down
  • watch
Ticker: CNSX:COYX
 
 
 
 
 
 
 
 
CoinAnalyst Corp.
CoinAnalyst Corp.
CoinAnalyst focuses on the business which includes an AI-based big data analytics platform that enables investors in the digital asset sector and other industries to access a dashboard. The dashboard monitors and analyzes real-time data from the digital asset market (Coins/Tokens/NFTs/).
year
2021
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
0
  • drill down
  • watch
Ticker: LSE:MCGN
 
 
 
 
 
 
 
 
Aptitude Software Group plc
Aptitude Software Group plc
Aptitude Software Group, formerly Microgen, is the owner of 2 leading software businesses, Aptitude Software and Microgen Financial Systems.. Aptitude Software helps enterprise CFOs to streamline finance operations. Microgen Financial Systems offers a range of financial services technology systems.
year
2018
rev ($mm)
$89.10
EBITDA ($mm)
$21.34
EBIT ($mm)
$17.37
Net Income ($mm)
$17.49
Employees
405
  • drill down
  • watch
Ticker:
 
 
 
 
 
 
 
 
Donnelley Financial Solutions
Donnelley Financial Solutions
Donnelley Financial Solutions (DFIN) is a leading global risk and compliance solutions company. They provide domain expertise, software and data analytics for every stage of their clients’ business and investment lifecycles.
year
2021
rev ($mm)
$970.80
EBITDA ($mm)
$215.40
EBIT ($mm)
$206.40
Net Income ($mm)
$84.50
Employees
2900
  • drill down
  • watch
Ticker: SEHK:8131
 
 
 
 
 
 
 
 
abc Multiactive
abc Multiactive
abc Multiactive is a software company in Hong Kong that provides solutions for brokerages. abc Multiactive offers an advanced solution for front and back-office trading. They also offer a FinReg solution that helps firms to detect abnormal trades, suspicious activities, and money laundering.
year
2020
rev ($mm)
$1.53
EBITDA ($mm)
($0.37)
EBIT ($mm)
($0.40)
Net Income ($mm)
Employees
24
  • drill down
  • watch
Ticker: ICE
 
 
 
 
 
 
 
 
IntercontinentalExchange
IntercontinentalExchange
Intercontinental Exchange (NYSE:ICE) operates the leading network of regulated exchanges and clearing houses. ICE’s futures exchanges and clearing houses serve global commodity and financial markets, providing risk management and capital efficiency.
year
2022
rev ($mm)
$9,168.00
EBITDA ($mm)
$7,130.00
EBIT ($mm)
$6,121.00
Net Income ($mm)
Employees
0
  • drill down
  • watch
Ticker: BASE:MTR
 
 
 
 
 
 
 
 
Matba Rofex
Matba Rofex
Formed in 2019 as Grupo Matba Rofex, from the merger of two markets with a centuries-old tradition in futures trading and options in Argentina: the Mercado a Término de Buenos Aires S.A. and ROFEX S.A. Currently, it is the second largest futures market in Latin America.
year
2021
rev ($mm)
$26.96
EBITDA ($mm)
$12.91
EBIT ($mm)
$11.62
Net Income ($mm)
$10.95
Employees
0
  • drill down
  • watch
Ticker: SEHK:388
 
 
 
 
 
 
 
 
Hong Kong Exchanges and Clearing Limited
Hong Kong Exchanges and Clearing Limited
Hong Kong Exchanges and Clearing is a leading financial market operator. From their home in the financial hub of Hong Kong and an additional base in London, they provide world-class facilities for trading and clearing securities and derivatives in Equities, Commodities, Fixed Income and Currency.
year
2019
rev ($mm)
$2,074.79
EBITDA ($mm)
$1,492.81
EBIT ($mm)
$1,432.18
Net Income ($mm)
$1,212.06
Employees
2109
  • drill down
  • watch
Ticker: LSE:LSE
 
 
 
 
 
 
 
 
London Stock Exchange Group plc
London Stock Exchange Group plc
London Stock Exchange Group is an international markets infrastructure business. Its diversified global business focuses on capital formation, intellectual property and risk and balance sheet management. The Group operates a broad range of international equity, ETF, bond and derivatives markets.
year
2022
rev ($mm)
$6,709.00
EBITDA ($mm)
$2,793.00
EBIT ($mm)
$1,185.00
Net Income ($mm)
Employees
0
  • drill down
  • watch
Ticker: NasdaqGS:NDAQ
 
 
 
 
 
 
 
 
Nasdaq, Inc.
Nasdaq, Inc.
Nasdaq is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence.
year
2022
rev ($mm)
$5,770.00
EBITDA ($mm)
$1,913.00
EBIT ($mm)
$1,631.00
Net Income ($mm)
Employees
  • drill down
  • watch
Ticker: XTRA:DB1
 
 
 
 
 
 
 
 
Deutsche Börse Group
Deutsche Börse Group
Deutsche Börse Group is one of the largest exchange organisations worldwide. It organises markets characterised by integrity, transparency and safety for investors who invest capital and for companies that raise capital.
year
2021
rev ($mm)
$4,843.38
EBITDA ($mm)
$1,970.92
EBIT ($mm)
$1,835.05
Net Income ($mm)
$1,342.77
Employees
9528
  • drill down
  • watch
Ticker: CME
 
 
 
 
 
 
 
 
CME Group
CME Group
As the world's leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. Their exchanges offer the widest range of global benchmark products across all major asset classes. The CME Globex® electronic trading platform brings buyers and sellers together.
year
2019
rev ($mm)
$4,593.10
EBITDA ($mm)
$2,975.90
EBIT ($mm)
$2,594.10
Net Income ($mm)
$1,808.00
Employees
4590
  • drill down
  • watch
Ticker: IBKR
 
 
 
 
 
 
 
 
Interactive Brokers Group
Interactive Brokers Group
Interactive Brokers Group, together with its subsidiaries, is an automated global electronic broker that specializes in catering to financial professionals by offering state-of-the-art trading technology, superior execution capabilities, worldwide electronic access, and more.
year
2015
rev ($mm)
$1,045.51
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$12.53
Employees
960
  • drill down
  • watch
Ticker: TSX:X
 
 
 
 
 
 
 
 
TMX Group Inc.
TMX Group Inc.
TMX Group is an integrated, multi-asset class exchange group. TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy.
year
2021
rev ($mm)
$805.93
EBITDA ($mm)
$497.83
EBIT ($mm)
$437.79
Net Income ($mm)
$253.43
Employees
1385
  • drill down
  • watch
Ticker: NZE:NZX
 
 
 
 
 
 
 
 
New Zealand Exchange Limited
New Zealand Exchange Limited
The NZX Capital Markets (New Zealand Exchange Limited) form a diverse offering for companies wishing to raise growth capital and investors looking for secure and liquid investment opportunities.
year
2014
rev ($mm)
$44.56
EBITDA ($mm)
$15.59
EBIT ($mm)
$14.71
Net Income ($mm)
$8.96
Employees
188
  • drill down
  • watch
Ticker: CBOE
 
 
 
 
 
 
 
 
CBOE Holdings, Inc.
CBOE Holdings, Inc.
CBOE Holdings, Inc. is the holding company for Chicago Board Options Exchange (CBOE), the CBOE Futures Exchange (CFE) and other subsidiaries. CBOE is the largest U.S. options exchange and creator of listed options.
year
2020
rev ($mm)
$3,181.50
EBITDA ($mm)
$865.10
EBIT ($mm)
$712.50
Net Income ($mm)
$467.20
Employees
823
  • drill down
  • watch
Ticker: SGX:S68
 
 
 
 
 
 
 
 
Singapore Stock Exchange
Singapore Stock Exchange
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.
year
2020
rev ($mm)
$733.19
EBITDA ($mm)
$419.18
EBIT ($mm)
$388.34
Net Income ($mm)
$326.06
Employees
877
  • drill down
  • watch
Ticker: INTL
 
 
 
 
 
 
 
 
INTL FCStone Inc.
INTL FCStone Inc.
INTL FCStone Inc. provides execution and advisory services in commodities, currencies and international securities. INTL's businesses, which include the commodities advisory and transaction execution firm FCStone Group, serve more than 20,000 customers.
year
2019
rev ($mm)
$37,434.30
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$83.20
Employees
2091
  • drill down
  • watch
Ticker: KCG
 
 
 
 
 
 
 
 
KCG Holdings, Inc.
KCG Holdings, Inc.
KCG is a leading independent securities firm offering investors a range of services designed to address trading needs across asset classes, product types and time zones. As one of the world’s largest market makers, KCG combines advanced technology with exceptional client service to improve pricing.
year
2014
rev ($mm)
$1,211.64
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$12.26
Employees
1153
  • drill down
  • watch
Ticker: AX
 
 
 
 
 
 
 
 
Axos Financial, Inc
Axos Financial, Inc
Axos Financial, Inc., is the holding company for Axos Bank, a nationwide bank that provides financing for single and multifamily residential properties, small-to-medium size businesses in target sectors, and selected specialty finance receivables.
year
2018
rev ($mm)
$430.32
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$164.05
Employees
873
  • drill down
  • watch