Like Aspect Enterprise Solutions

announced 10/30/2017 via BNC Analysis

Ion Group, will acquire Aspect Enterprise Solutions

See 522 Comparable Transactions
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.
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closed 3/14/2022 via BNC Analysis

Gen II Fund Services, LLC, acquired Update Capital

See 308 Comparable Transactions
synopsis: Fund administrator Gen II Fund Services has acquired Update Capital, which provides investment management technology solutions for the real estate asset class. Founded by Ran Kohavi and Itamar David, Update Capital’s cloud-based solution enables real estate sponsors to manage their assets and engage their investors.
buyer: Gen II Fund Services, LLC
Gen II is a leading fund administration provider focused entirely on serving the alternative asset management space, including private equity, real estate, and credit funds. Since its inception in 2009, the company has been one of the largest independent private equity fund administrators. "
 target: Update Capital
Update Capital, based in Vancouver, provides investment management technology solutions for the real estate asset class. Founded by Ran Kohavi and Itamar David, Update Capital’s cloud-based solution enables real estate sponsors to manage their assets and engage their investors.
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closed 10/20/2021 via BNC Analysis

Brady plc, acquired Igloo

See 319 Comparable Transactions
synopsis: Brady Technologies, a leading British provider of energy and commodities trading, risk and logistics management software, has acquired UK-based Igloo Trading Solutions, a next generation, cloud-native, SaaS trading and risk management platform for European energy markets.
buyer: Brady plc (AIM:BRY:$39.97)
Based in UK, Brady Technologies is a leading provider of energy and commodities trading, risk, and logistics management software that empowers global market participants to trade confidently, profitably and sustainably, now and in the future. "
 target: Igloo
UK-based Igloo is a cloud-native SaaS energy trading and risk management platform engineered to meet the needs of traders operating in modern energy markets. Igloo Trading Solutions, the developer of Igloo, is a leading provider of cutting-edge products and solutions for traders in these markets.
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announced 3/23/2021 via PR Newswire

Thoma Bravo, LLC, will acquire Calypso Technology Inc

See 608 Comparable Transactions
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.
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closed 3/6/2019 via Company Press Release

Abrigo, acquired FARIN Financial Risk Management

See 249 Comparable Transactions
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.
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closed 3/4/2019 via BNC Analysis

WorldFirst, acquired Currency Technologies Pty Ltd

See 517 Comparable Transactions
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.
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closed 3/8/2017 via BusinessWire

Numerix, acquired TFG Financial Systems

See 249 Comparable Transactions
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 7/27/2016 via BNC Analysis

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

See 353 Comparable Transactions
synopsis: DTXS Silk Road, an investment company, is acquiring m-FINANCE, the leading and most experienced Forex / Bullion Trading Solutions Provider in Asia. m-FINANCE has been striving for excellence in providing trading platform solutions, mobile trading Apps, financial value-added services and comprehensive financial information.
buyer: DTXS Silk Road Investment Holdings Company Limited (SEHK:620:$20.87)
DTXS Silk Road Investment Holdings Company Ltd is an investment company. The Company invests in a variety of industries including construction, tourism, and trade. "
 target: m-FINANCE Limited
m-FINANCE , established in 2002, is the leading and most experienced Forex / Bullion Trading Solutions Provider in Asia. They are headquartered in Hong Kong.
price ($mm)
$3.71*
rev ($mm)
$4
EBITDA ($mm)
EV / rev
1.6x
EV / EBITDA
announced 4/19/2016 via Market Wire

Bridgepoint, Summit Partners, will acquire Calypso Technology Inc

See 605 Comparable Transactions
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 (:$353.32)
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.
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announced 9/23/2011 via Company Press Release

Vista Equity Partners, will purchase Trade and Risk Management Business from Thomson Reuters

See 605 Comparable Transactions
synopsis: Vista Equity Partners and Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, have signed an agreement under which Vista has made a binding offer to buy the Thomson Reuters Trade and Risk Management business which currently operates as a distinct unit within the Enterprise Solutions business.
buyer: Vista Equity Partners
Vista Equity Partners, based in San Francisco with offices in Chicago and Austin, invests over $2 billion in capital committed to dynamic, successful technology-based organizations led by world-class management teams with long-term perspective. "
 seller: Thomson Reuters (TRI:$6,348.00)
Thomson Reuters Trade and Risk Management business operates as a distinct unit within the Enterprise Solutions business. Its flagship product is Kondor.
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closed 11/29/2010 via PR Newswire

Brady plc, acquired Viz Risk Management

See 303 Comparable Transactions
synopsis: Brady plc, the leading supplier of trading and risk management solutions for metals and commodities, announced their acquisition of Viz Risk Management, the leading provider of risk management and trading solutions to the European energy markets, principally electricity, gas, emission certificates and coal.
buyer: Brady plc (AIM:BRY:$39.97)
Brady plc is a leading global provider of trading and risk management software to the global commodity markets. Brady combines fully integrated and complete solutions supporting the entire commodity trading operation. "
 target: Viz Risk Management
Viz has a client-base of major European energy participants in electricity, gas, coal and emissions, using their market-leading Elviz ETRM trading and risk management solutions. Elviz ETRM will be Brady's offering in the energy sector and will be part of their "single source - single view" strategy.
price ($mm)[EV]
$15 [$12]
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closed 11/1/2010 via PR Newswire

IntercontinentalExchange, acquired TradeCapture OTC Corp.

See 304 Comparable Transactions
synopsis: IntercontinentalExchange, a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, announced the acquisition of TradeCapture OTC, a leading provider of web-enabled solutions for commodity trading with real-time prices.
buyer: IntercontinentalExchange (ICE:$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: TradeCapture OTC Corp.
TradeCapture OTC, Corp. is a leading global provider of web-enabled solutions designed and developed for companies in the field of commodity trading and risk management. TradeCapture provides the trading community with the most robust, user-friendly, enterprise-wide software package available.
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closed 1/16/2019 via PR Newswire

DrillingInfo Inc., acquired MineralSoft

See 290 Comparable Transactions
synopsis: Drillinginfo, the leading energy SaaS and data analytics company, announced it has acquired MineralSoft. MineralSoft is a software platform designed to make managing mineral, royalty, and non-operated working interests easier and more profitable.
buyer parent: Genstar Capital LLC
buyer: DrillingInfo Inc.
Drillinginfo delivers business-critical insights to the energy, power, and commodities markets. Its state-of-the-art SaaS platform offers sophisticated technology, powerful analytics, and industry-leading data. "
 target: MineralSoft
MineralSoft is the leading software platform for managing minerals, royalties, and non-operated working interests. Focused exclusively on helping owners of these non-operated assets maximize value, MineralSoft delivers powerful revenue and land management solutions through its SaaS platform.
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announced 8/26/2021 via BusinessWire

HgCapital, will acquire Riskalyze

See 231 Comparable Transactions
synopsis: Riskalyze, Inc., an industry-leading risk-centric wealth management platform serving financial advisors, enterprises, and asset managers; and Hg, a leading global investor in software and services, announced a definitive agreement for Hg to acquire a majority interest in Riskalyze.
buyer: HgCapital
Hg is a European investor in software and services businesses, with increasing global presence. Hg is a specialist investor, committed to building businesses that change the way people do business, through deep sector specialisation and dedicated operational support. "
 target: Riskalyze
Riskalyze is the company that invented the Risk Number™, the first-ever quantitative system for identifying client risk tolerance, aligning portfolios to client expectations, and quantifying the suitability of investments.
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closed 3/20/2017 via GlobeNewswire

FactSet Research Systems Inc., acquired BISAM

See 223 Comparable Transactions
synopsis: FactSet, a global provider of integrated financial information, analytical applications, and industry-leading service, announced that it has acquired BISAM Technologies S.A. from Aquiline Capital Partners. BISAM is a leading provider of portfolio performance and attribution, multi-asset risk, GIPS composites management and reporting.
buyer: FactSet Research Systems Inc. (FDS:$1,627.96)
FactSet delivers the world's best insight and information to investment professionals through superior analytics, service, content, and technology. More than 66,000 users make smarter investment decisions with FactSet's desktop analytics, mobile applications, and comprehensive data feeds. "
 target parent: Aquiline Capital Partners
target: BISAM
BISAM is the leading provider of sophisticated solutions for performance and attribution, GIPS composites management, multi-asset risk analysis, portfolio construction and reporting. Many of the world's largest buy-side firms use BISAM to evaluate and enhance their investment strategies.
price ($mm)
$205
rev ($mm)
$28
EBITDA ($mm)
EV / rev
7.3x
EV / EBITDA
closed 7/10/2012 via BusinessWire

Aquiline Capital Partners, acquired BI-SAM Technologies

See 223 Comparable Transactions
synopsis: Aquiline Capital Partners LLC, a New York-based private equity firm investing in financial services, announced that it has become the majority shareholder of BI-SAM Technologies, the leading provider of data management, performance, attribution, risk, GIPS® and reporting solutions for the asset management industry.
buyer: Aquiline Capital Partners
Aquiline is a private equity firm based in New York investing in financial services enterprises in industries such as property and casualty insurance, banking, securities, asset management, life insurance and financial technology. "
 target: BI-SAM Technologies
Created in 2000 and headquartered in Paris, France, BI-SAM Technologies is the market-leading integrated solution for data management, performance measurement and attribution, risk management, GIPS, and client reporting.
price ($mm)
rev ($mm)
$13
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 12/16/2020 via BNC Analysis

Etops AG, acquired Evolute

See 511 Comparable Transactions
synopsis: Etops has completed a full takeover of Evolute. The two FinTech firms, which are both based in the Greater Zurich Area, now intend to accelerate the construction of an open ecosystem in the area of wealth management. Evolute is a seamlessly integrated software that covers the entire value chain of wealth management.
buyer: Etops AG
Etops was founded in 2010 and offers a broad range of solutions and services for the financial industry from data collection, refinement and aggregation to high-end operations and consulting, from complex integration projects to state-of-the-art reporting, to mobile apps and dashboards. "
 target: Evolute
Evolute understands wealth management goals and processes. Evolute is a seamlessly integrated software, from client risk profiling to portfolio solutions, covering the entire value chain of wealth management. Evolute closely links advisors and clients along the way, enabled by technology.
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announced 3/4/2020 via Company Press Release

Morningstar, Inc., will acquire PlanPlus Global

See 426 Comparable Transactions
synopsis: Morningstar, a leading provider of independent investment research, announced it has reached an agreement to acquire PlanPlus Global, a financial-planning and risk-profiling software firm based in Canada.
buyer: Morningstar, Inc. (MORN:$1,699.30)
Morningstar, Inc. is a leading provider of independent investment research. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the private capital markets. "
 target: PlanPlus Global
PlanPlus Global is a world-renowned investment and financial planning software provider. It offers the most academically validated risk profiling process, a globally scalable financial planning system, and a robust investment tracking tool that ensures investors remain suitably invested over time.
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closed 11/2/2017 via PE Hub

Dynamo Software, acquired HoldingsInsight

See 440 Comparable Transactions
synopsis: Dynamo Software, the premier provider of configurable, cloud-based investment management software for the alternative asset investment industry, announced that it has acquired HoldingsInsight, a portfolio investments data capture and reporting service.
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: HoldingsInsight
HoldingsInsight is a portfolio investments data capture and reporting service founded in 2016, focusing on providing limited partners with better transparency into their portfolio, resulting in better risk management and superior investment decisions.
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closed 4/26/2017 via BusinessWire

Virtus Partners, LLC, acquired Alphakinetic

See 386 Comparable Transactions
synopsis: Virtus Partners Holdings, LLC (“Virtus”) and Alphakinetic, a financial technology firm, announced the completed acquisition of Alphakinetic’s business by Virtus. Alphakinetic is the developer of the Glide platform- fund management software with trade order management, credit analysis and risk management capabilities used by front office personnel.
buyer: Virtus Partners, LLC
Virtus Partners, LLC provides alternative asset administrative and middle office services and data to funds and various investment vehicles, including hedge and private equity funds, separate accounts, total return swaps and collateralized loan obligations. "
 target: Alphakinetic
Alphakinetic is a London- based financial technology firm and the developer of the Glide platform- fund management software with trade order management, credit analysis and risk management capabilities used by front office personnel at investment management companies.
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Pages:  
announced 10/30/2017 via BNC Analysis

Ion Group, will acquire Aspect Enterprise Solutions

See 522 Comparable Transactions
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.
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closed 3/6/2021 via Reuters

Ion Group, acquired Cedacri Group

See 138 Comparable Transactions
synopsis: ION has acquired Cedacri, an Italian company that specializes in outsourcing services for the banking sector. They supervise many activities related to outsourcing services including full outsourcing, facility management, system integration and business process outsourcing.
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: Cedacri Group
Headquartered in Italy, Cedacri specializes in outsourcing services for the banking sector. They supervise many activities related to outsourcing services including full outsourcing, facility management, system integration, business process outsourcing.
price ($mm)
$1,819
rev ($mm)
$485
EBITDA ($mm)
EV / rev
3.8x
EV / EBITDA
announced 2/10/2021 via PR Newswire

Ion Group, will acquire Dash Financial Technologies

See 383 Comparable Transactions
synopsis: DASH Financial Technologies, the leading options technology and execution provider in the U.S., announced that ION Investment Group has entered into a definitive agreement to acquire the company from Flexpoint Ford, LLC.
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 parent: Flexpoint Ford, LLC
target: Dash Financial Technologies
Dash Financial Technologies is the industry’s leading capital markets technology and execution services provider. With their award-winning Dash360 platform, clients receive full routing and cost transparency and a comprehensive suite of tools to visualize all aspects of their orders in real time.
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closed 9/25/2019 via Company Press Release

Dealogic Limited, acquired Selerity, Inc.

See 68 Comparable Transactions
synopsis: Dealogic, a UK company that offers integrated content, analytics, and technology via targeted products and services to financial firms, has acquired Selerity, a financial technology company using proprietary A.I. to deliver content and data solutions designed to automate inefficient workflows in finance.
buyer parent: Ion Group
buyer: Dealogic Limited
Based in the UK, Dealogic offers integrated content, analytics, and technology via targeted products and services to financial firms worldwide. Firms rely on Dealogic’s platform to connect and more effectively identify opportunities, execute deals, and manage risk. "
 target: Selerity, Inc.
Selerity is a financial technology company using proprietary A.I. to deliver content and data solutions designed to automate inefficient workflows in finance. Their clients range from sophisticated asset management firms to innovative media and technology companies serving retail investors.
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closed 5/13/2019 via BusinessWire

Ion Group, acquired Acuris

See 64 Comparable Transactions
synopsis: Funds advised by BC Partners announced the sale of a majority stake in Acuris, a global provider of proprietary financial intelligence, data and analytics, to ION Investment Group, a company that provides mission-critical trading and workflow automation software solutions to financial institutions, central banks, governments and corporations.
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 parent: BC Partners
target: Acuris
Acuris provides proprietary, actionable intelligence, data and analytics to the world's principal advisory firms, investment banks, law firms, hedge funds, private equity firms and corporates.
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closed 4/17/2019 via BusinessWire

Ion Group, acquired Allegro Development Corp.

See 288 Comparable Transactions
synopsis: Vector Capital and Cerium Technology have announced the sale of Allegro Development Corporation, a leading global provider of enterprise commodity management solutions, to ION, a provider of mission-critical trading and workflow automation software solutions to financial institutions, central banks, governments, and corporates.
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 parent: Vector Capital
target: Allegro Development Corp.
Allegro is a global leader in commodity management software for companies who buy, sell, produce or consume commodities. Allegro delivers position visibility, risk management, comprehensive controls and regulatory compliance through a forward compatible, next-generation architecture.
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closed 3/7/2019 via Company Press Release

CubeLogic Limited, acquired FERDEC GmbH

See 504 Comparable Transactions
synopsis: CubeLogic, the leader in business intelligence enabled risk management solutions, has acquired FERDEC, a German technology and consulting firm dedicated to energy and commodity traders. FERDEC’s flagship transaction surveillance software is a data analytics engine that processes information from multiple sources to identify suspicious activities.
buyer parent: Ion Group
buyer: CubeLogic Limited
Founded in 2009, CubeLogic provides business intelligence enabled risk management products and services for the energy, commodity and financial markets. CubeLogic addresses the increasing demand for robust, cost effective risk management solutions. "
 target: FERDEC GmbH
FERDEC is a German technology and consulting firm dedicated to the creation of innovative solutions for energy and commodity traders. FERDEC’s flagship transaction surveillance software is a data analytics engine that processes information from multiple sources to identify suspicious activities.
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announced 4/20/2018 via BNC Analysis

Ion Group, will acquire Fidessa group plc

See 392 Comparable Transactions
synopsis: Ion Investment Group has agreed to buy UK rival Fidessa, with the British Fidessa trading technology group accepting a higher offer and switching its recommendation from a bid by Switzerland’s Temenos. Fidessa provides software and services for investment management systems, analytics and market data, serving both the buy-side and sell-side.
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: Fidessa group plc (LSE:FDSA:$493.58)
Fidessa, which listed on the London Stock Exchange in 1997, provides software and services for investment management systems, analytics and market data, serving both the buy-side and sell-side. Its products include an order management system for equity markets.
price ($mm)[EV]
$2,152 [$2,020]
rev ($mm)
$505
EBITDA ($mm)
$94
EV / rev
4.0x
EV / EBITDA
21.4x
announced 2/2/2018 via PR Newswire

Ion Group, will acquire OpenLink Financial, Inc

See 926 Comparable Transactions
synopsis: Openlink Financial LLC, a global leader in trading and risk management solutions for the energy, commodities and financial services industries, announced that ION Investment Group has entered into a definitive agreement to acquire the company from Hellman & Friedman.
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 parent: Hellman & Friedman LLC
target: OpenLink Financial, Inc
Openlink is the global leader in trading, treasury and risk management solutions for the energy, commodities, corporate and financial services industries.
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announced 11/22/2017 via BusinessWire

Ion Group, will acquire Dealogic Limited

See 2111 Comparable Transactions
synopsis: Ion Investment Group has agreed to acquire Dealogic from The Carlyle Group. Based in the UK, Dealogic offers integrated content, analytics, and technology via targeted products and services to financial firms worldwide. Firms rely on Dealogic’s platform to connect and more effectively identify opportunities, execute deals, and manage risk.
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 parent: Carlyle Group
target: Dealogic Limited
Based in the UK, Dealogic offers integrated content, analytics, and technology via targeted products and services to financial firms worldwide. Firms rely on Dealogic’s platform to connect and more effectively identify opportunities, execute deals, and manage risk.
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announced 10/30/2017 via BNC Analysis

Ion Group, will acquire Aspect Enterprise Solutions

See 522 Comparable Transactions
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.
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closed 11/1/2016 via BusinessWire

ION Trading, acquired Reval

See 456 Comparable Transactions
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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EV / EBITDA
closed 7/13/2013 via BNC Analysis

ION Trading, acquired Triple Point Technology, Inc.

See 519 Comparable Transactions
synopsis: Triple Point Technology Inc. was acquired by Dublin-based Ion Investment Group. Triple Point is the leading global provider of in-cloud and on-premise Commodity Management software that enables its customers to manage the price volatility of raw materials and commodities such as oil, gas, chemicals, wheat, sugar, coffee beans, and aluminum.
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 parent: Welsh, Carson, Anderson & Stowe
target: Triple Point Technology, Inc.
Triple Point Technology is the leading global provider of in-cloud and on-premise Commodity Management software that enables its customers to manage the price volatility of raw materials and commodities such as oil, gas, chemicals, wheat, sugar, coffee beans, and aluminum.
price ($mm)
$900
rev ($mm)
$200
EBITDA ($mm)
EV / rev
4.5x
EV / EBITDA
closed 1/18/2013 via Company Press Release

ION Trading, acquired Financial Software Systems

See 883 Comparable Transactions
synopsis: Financial Software Systems, a global provider of Treasury Management, Capital Market and Wealth Management solutions announced the acquisition of the company by the ION Group, a global provider of trading, capital markets and treasury solutions and services.
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: Financial Software Systems
Financial Software Systems is a financial risk-management software and consulting firm. Financial Software Systems provides foreign exchange and interest rate risk-management software and consulting for banks, corporations and fund managers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/27/2011 via BNC Analysis

ION Trading, will acquire Wall Street Systems

See 542 Comparable Transactions
synopsis: Ion Trading, a provider of electronic trading, pricing and risk management systems across asset classes, will acquire treasury and capital market transaction processing vendor Wall Street Systems.
buyer parent: TA Associates
buyer: ION Trading
Founded in 1999, ION Trading is a global leader in providing technology that allows clients to integrate and successfully manage trading activities in electronic fixed-income markets. ION is headquartered in Dublin with offices in London, New York, Tokyo, Madrid and Pisa. "
 target parent: Warburg Pincus
target: Wall Street Systems
Wall Street Systems provides functionally rich, integrated and scalable solutions for improved workflow, control and overall productivity for corporate treasury, central banking, FX trading and global back office operations.
price ($mm)
rev ($mm)
$150
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 8/4/2006 via

ION Trading, acquired Anvil Software

See 620 Comparable Transactions
synopsis: Dublin-based Ion Trading, a provider of dealing systems for electronic fixed income markets, is acquiring Anvil Software, a UK-based supplier of software for repo trading and securities lending. Financial terms of the deal were not disclosed.
buyer: ION Trading
Founded in 1999, ION Trading is a global leader in providing technology that allows clients to integrate and successfully manage trading activities in electronic fixed-income markets. ION is headquartered in Dublin with offices in London, New York, Tokyo, Madrid and Pisa (Italy). "
 target: Anvil Software
Anvil develops market-leading products for global investment banks, fund managers and financial institutions. Our systems are multi-product, multi-currency, multi-site and modular. They are highly scalable and can support all sizes of operations from single traders to global entities.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/1/2005 via BusinessWire

ION Trading, acquired Aurora Software, Inc.

See 620 Comparable Transactions
synopsis: ION Trading, a leading provider of high-performance software solutions for trading on electronic fixed-income markets, announced today that it has acquired New York-based Aurora Software, Inc., an established provider of systems for U.S. Treasuries, Mortgages and Options trading desks.
buyer: ION Trading
Founded in 1999, ION Trading is a global leader in providing technology that allows clients to integrate and successfully manage trading activities in electronic fixed-income markets. ION is headquartered in Dublin with offices in London, New York, Tokyo, Madrid and Pisa (Italy). "
 target: Aurora Software, Inc.
Aurora Software offers a highly sophisticated suite of trading solutions for multiple fixed-income trading desks. These solutions address the needs of everyone on the desk, from traders and salespeople to operations, risk and desk managers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/30/2017 via BNC Analysis

Ion Group, will acquire Aspect Enterprise Solutions

See 522 Comparable Transactions
synopsis: Aspect, a UK-based global provider of cloud-based solutions for commodity trade and risk management, commodities data and decision support, has entered into a definitive agreement to be acquired by Ion Investment Group. Aspect's range of solutions are empowering enterprises of all sizes trade oil, gas, petrochemicals, metals, biofuels and more.
buyer: Ion Group
Based in Ireland, Ion provides mission-critical trading and workflow automation software solutions to financial institutions, central banks, governments, and corporations. They design solutions that improve decision-making, simplify complex processes, and empower people. "
 target: Aspect Enterprise Solutions
Based in the UK, Aspect is a global SaaS provider for integrated Commodity Trading, Risk and Data Management, helping users to perform pre-trade analysis, trading, risk and operations management in one system. Their solutions help companies trade oil, gas, petrochemicals, metals, biofuels and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/17/2022 via PR Newswire

VITEC Software Group, will acquire Scanrate Financial Systems A/S

See 334 Comparable Transactions
synopsis: Vitec Software Group AB is to acquire all shares in the Danish software company Scanrate Financial Systems A/S, which develops and delivers software for analysis, valuation, and risk management with a focus on the Danish bond market.
buyer: VITEC Software Group (OM:VIT B:$1,644.58)
Vitec is the market leader for Vertical Market Software in the Nordic region. They develop and deliver standard niche software. Vitec grows through acquisitions of well-managed and well-established software companies. Their employees are based in Denmark, Finland, Norway and Sweden. "
 target: Scanrate Financial Systems A/S
The software company Scanrate Financial Systems A/S develops and delivers software for analysis, valuation, and risk management with a focus on the Danish bond market.
price ($mm)
rev ($mm)
$6
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
announced 10/3/2013 via PE Hub

CameronTec, will acquire Greenline Financial Technologies

See 544 Comparable Transactions
synopsis: CameronTec is to acquire US-based Greenline Financial Technologies, a provider of FIX and electronic trading technology solutions and services and wholly-owned subsidiary of MarketAxess Holdings Inc.
buyer parent: Nordic Capital
buyer: CameronTec
CameronTec is on the forefront of electronic trading. As the embedded, standard, global FIX-based technology, it shapes the way markets publish, execute, clear, settle and manage risk. Its flagship product Catalys provides an integrated platform for operations, infrastructure and trading. "
 target parent: Technology Crossover Ventures
target: Greenline Financial Technologies
Greenline Financial Technologies, Inc. develops software solutions for enabling electronic trading. The company provides system integration, testing, and management solutions for financial information exchange related products and services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/3/2008 via finextra.com

Technology Crossover Ventures, purchased a minority stake in MarketAxess Holdings, Inc.

See 334 Comparable Transactions
synopsis: Private equity firm Technology Crossover Ventures (TCV) is acquiring a minority stake in US electronic bond trading network MarketAxess for an aggregate purchase price of $35 million.
buyer: Technology Crossover Ventures
Technology Crossover Ventures (TCV), founded in 1995, is a leading provider of growth capital to technology companies, providing funds to expansion, late-stage private, and public companies. "
 target: MarketAxess Holdings, Inc. (MKTX:$615.14)
MarketAxess operates one of the leading platforms for the electronic trading of corporate bonds and certain other types of fixed-income securities, serving as an electronic platform through which our institutional investor clients can access the liquidity provided by our broker-dealer clients.
price ($mm)
$35*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/6/2008 via PR Newswire

MarketAxess Holdings, Inc., acquired Greenline Financial Technologies

See 544 Comparable Transactions
synopsis: MarketAxess Holdings Inc., the operator of a leading electronic trading platform for U.S. and European high-grade corporate bonds, emerging markets bonds and other types of fixed-income securities, has acquired Chicago- based Greenline Financial Technologies, Inc.
buyer: MarketAxess Holdings, Inc. (MKTX:$615.14)
MarketAxess operates one of the leading platforms for the electronic trading of corporate bonds and certain other types of fixed-income securities, serving as an electronic platform through which our institutional investor clients can access the liquidity provided by our broker-dealer clients. "
 target: Greenline Financial Technologies
Greenline Financial Technologies, Inc. develops software solutions for enabling electronic trading. The company provides system integration, testing, and management solutions for financial information exchange related products and services.
price ($mm)[EV]
$33 [$32]
rev ($mm)
$6
EBITDA ($mm)
$2
EV / rev
8.0x
EV / EBITDA
25.0x
closed 11/16/2007 via BusinessWire

GL Trade SA, acquired Decision Software, Inc.

See 544 Comparable Transactions
synopsis: GL Trade, the leading international provider of front to back office software solutions for financial institutions, announces the acquisition of American company Decision Software, currently owned at majority by its 2 founders Gerald Belpaire and Samuel Aizenberg.
buyer: GL Trade SA
GL TRADE S.A. provides software solution primarily to financial intermediaries and brokerage houses to automate the order flow from client through broker, and then onto back office. "
 target: Decision Software, Inc.
Decision Software, Inc. engages in designing, engineering, and implementing fixed income sales/trading systems for the institutional financial community. It offers decision software trading system (DSTS) to facilitate proprietary trading, sales, and finance activity of fixed income securities.
price ($mm)
rev ($mm)
$4
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 5/31/2016 via PR Newswire

Morningstar, Inc., acquired InvestSoft Technology, Inc.

See 477 Comparable Transactions
synopsis: Morningstar, Inc., a leading provider of independent investment research, has acquired InvestSoft Technology, a provider of fixed-income analytics. InvestSoft helps investment firms analyze fixed-income securities and portfolios, primarily through its BondPro Fixed-Income Calculation Engine.
buyer: Morningstar, Inc. (MORN:$1,699.30)
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. "
 target: InvestSoft Technology, Inc.
InvestSoft Technology provides software solutions for investment firms designed to streamline workflow, reduce risk and harness the value of the data throughout an organization. They are a leader in the development and implementation of Trading, Portfolio Management, and Accounting Solutions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/19/2021 via BusinessWire

280 CapMarkets will be merged with Incapital,

See 385 Comparable Transactions
synopsis: Incapital, a leading underwriter and distributor of fixed income and market-linked securities, and 280 CapMarkets, a technology company providing best execution trading support and price transparency, announced they are merging to create InspereX.
buyer: Incapital
Incapital was founded in 1999 and is a leading underwriter and distributor of securities to more than 500 broker dealers, institutions, asset managers, RIAs and banks. "
 target: 280 CapMarkets
280 CapMarkets is a financial technology company focused on delivering best execution support and price transparency to advisors, institutional investors, and issuers in the fixed income markets.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/10/2017 via PR Newswire

Algomi, will purchase ALFA Fixed Income Liquidity and Analytics Tool from AllianceBernstein L.P.

See 477 Comparable Transactions
synopsis: Algomi, the network company providing information-matching solutions for the optimization of fixed income liquidity, announced that the company will acquire and distribute the award-winning ALFA product created & developed by AllianceBernstein (AB). ALFA (Automated Liquidity Filtering & Analytics) was developed as an in-house liquidity tool by AB.
buyer: Algomi
Algomi empowers fixed income professionals to make better trading relationships in the ever-changing landscape of capital, leverage and liquidity requirements. Their Honeycomb software suite increases the opportunities and velocity in large and illiquid trades between banks and buy side investors. "
 seller parent: AXA Group
seller: AllianceBernstein L.P. (AB:$228.88)
ALFA (Automated Liquidity Filtering & Analytics) provides cross-market information on liquidity and trade intent in order to give the buy-side a real-time view of the entire bond market including government bonds, investment grade, high yield, emerging market, municipal debt, and structured credit.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/1/2013 via PR Newswire

TradeWeb Group LLC, acquired BondDesk Group LLC

See 389 Comparable Transactions
synopsis: Tradeweb Markets, a leading builder and operator of global fixed income and derivatives marketplaces, announced that it has completed the acquisition of BondDesk Group LLC, and has rebranded its combined retail fixed income division as Tradeweb Direct. Customers will soon benefit from a new bridge between each of the current trading platforms.
buyer parent: Thomson Reuters
buyer: TradeWeb Group LLC
Tradeweb Markets is a world leader in building and operating electronic over-the-counter marketplaces. Tradeweb’s position as the hub of electronic trading in fixed income and derivatives business has been made possible through a longstanding partnership with the industry. "
 target parent: Advent International
target: BondDesk Group LLC
BondDesk Group is a privately held company providing comprehensive, value added fixed income solutions to the securities industry in the U.S. and Canada. The BondDesk ECN is one of the leading fixed income trading platforms in the U.S.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/31/2009 via BusinessWire

SS&C Technologies, Inc., acquired Tradeware Global LLC

See 364 Comparable Transactions
synopsis: SS&C Technologies, Inc., a global provider of financial services software and software-enabled services, announced it has acquired Tradeware Global Corp., a leading broker-neutral solution provider for electronic access to global equity markets.
buyer parent: The Carlyle Group
buyer: SS&C Technologies, Inc. (SSNC:$5,112.60)
SS&C delivers investment and financial management software and related services focused exclusively on the financial services industry. By leveraging expertise in common investment business functions, SS&C cost effectively serves clients in different industry segments. "
 target: Tradeware Global LLC
Tradeware specializes in flexible FIX-based equity order management systems, FIX connectivity solutions, and full front-to-back office integration and compliance reporting services. The Company's service bureau business model offers customers the much sought-after benefits of trading neutrality.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/17/2006 via PR Newswire

TradeWeb Group LLC, acquired LeverTrade LLC

See 215 Comparable Transactions
synopsis: Thomson TradeWeb, the leading online marketplace for Fixed Income and Derivatives, and part of The Thomson Corporation, today announced the strategic acquisition of LeverTrade LLC, formerly Global Trade Technologies (GTT), a provider of web-based fixed-income management systems for the retail marketplace.
buyer parent: The Thomson Corporation
buyer: TradeWeb Group LLC
TradeWeb is the world's leading online trading network for fixed-income securities. TradeWeb offers a complete spectrum of services. You can view the largest fixed-income markets in real time via TradeWeb's premier Market Data. "
 target: LeverTrade LLC
LeverTrade LLC, formerly Global Trade Technologies, Inc. (GTT), is a leading provider of trade, order and inventory management software to the financial services industry.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/7/2006 via PR Newswire

Advent International Corporation, will acquire BondDesk Group LLC

See 389 Comparable Transactions
synopsis: Advent International, a leading global private equity firm, today announced it has agreed to acquire a majority interest in BondDesk Group, the leading Alternative Trading System focused on odd-lot fixed-income execution and provider of software solutions to the securities industry, in partnership with the company's senior management team.
buyer: Advent International Corporation
Advent International has one of the world's largest and most experienced private equity teams, with over 100 investment professionals in 15 countries. As an active, hands-on investor, we apply our resources, expertise and experience to help management teams achieve their growth objectives. "
 target: BondDesk Group LLC
BondDesk Group is a privately held company providing comprehensive, value added fixed income solutions to the securities industry in the U.S. and Canada.
price ($mm)
$350
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/29/2008 via BusinessWire

IntercontinentalExchange, acquired Creditex Group Inc.

See 294 Comparable Transactions
synopsis: Internet Capital Group, Inc. announced that the sale of its partner company, Creditex Group Inc., to IntercontinentalExchange, Inc., a leading operator of global derivatives exchanges and over-the-counter markets, was consummated on August 29, 2008.
buyer: IntercontinentalExchange (ICE:$9,168.00)
IntercontinentalExchange operates the leading global, electronic marketplace for trading both futures and OTC energy contracts. ICE offers a range of contracts based on crude oil and refined products, natural gas, power and emissions. "
 target: Creditex Group Inc.
Creditex Group, Inc., an interdealer broker, operates an e-trading platform for executing and processing credit derivatives to traders at financial institutions.
price ($mm)[EV]
$474 [$433]
rev ($mm)
$183
EBITDA ($mm)
$29
EV / rev
2.4x
EV / EBITDA
15.4x
closed 3/2/2016 via PR Newswire

TradeWeb Group LLC, acquired CodeStreet LLC

See 214 Comparable Transactions
synopsis: Tradeweb Markets, a leading builder and operator of global fixed income and derivatives marketplaces, announced that it has acquired CodeStreet LLC, a leader in data-driven trade identification and workflow management software development.
buyer parent: Thomson Reuters
buyer: TradeWeb Group LLC
Tradeweb Markets builds and operates many of the world's most efficient financial marketplaces, providing market participants greater efficiency in fixed income, derivatives and ETFs. Tradeweb pioneered straight-through-processing in fixed income and supports marketplaces. "
 target: CodeStreet LLC
CodeStreet has delivered leading fixed income front-office solutions to enhance riskless and risk-reducing business for the world's largest global banks and regional dealer community. CodeStreet technology helps bank and broker dealers by identifying previously overlooked trading opportunities.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/28/2008 via BusinessWire

Moody's Corporation, acquired BQuotes

See 185 Comparable Transactions
synopsis: Moody’s Corporation has acquired BQuotes, a global provider of price discovery tools and end-of-day pricing services for a wide range of fixed income securities. BQuotes’ innovative product line will be integrated into Moody’s Analytics’ new suite of pricing and valuation products.
buyer: Moody's Corporation (MCO:$6,218.00)
Moody's Corporation is the parent company of Moody's Investors Service, a leading provider of credit ratings, research and analysis covering debt instruments and securities in the global capital markets, Moody's Economy.com, a provider of economic research and data services and Moody's KMV. "
 target: BQuotes
BQuotes provides closing, market-to-market data for the over the counter (OTC) markets. The company focuses on offering price discovery software; and market-to-market data for the over the counter (OTC) markets in a range of OTC asset classes.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/31/2006 via Company Press Release

Fitch Ratings Ltd., purchased credit derivatives analytics business from Reoch Credit Ltd

See 450 Comparable Transactions
synopsis: Fitch Ratings Ltd, a Fitch Group, Inc. company, has acquired the credit derivatives analytics business of Reoch Credit Ltd and will assume full ownership of Reoch Credit's suite of pricing and risk analytics models.
buyer parent: Fimalac SA
buyer: Fitch Ratings Ltd. (:$693.00)
Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with timely and prospective credit opinions. "
 seller: Reoch Credit Ltd
The Derivatives Consulting Group (DCG) is a global independent advisory firm for all capital market participants who use derivatives and cash products. DCG provides services to a large number of leading investment and commercial banks, hedge funds, asset managers and industry utilities.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/31/2021 via PR Newswire

7Ridge Limited, will acquire Trading Technologies International, Inc.

See 432 Comparable Transactions
synopsis: Trading Technologies International, Inc., (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, has agreed to be acquired by UK-based 7RIDGE, a specialized growth equity firm invested in transformative technologies.
buyer: 7Ridge Limited
7RIDGE is a specialized growth equity firm based in the UK that invests in financial services and transformative technologies. "
 target: Trading Technologies International, Inc.
Trading Technologies creates professional trading software, infrastructure and data solutions for a wide variety of users, including proprietary traders, brokers, money managers, Commodity Trading Advisors (CTAs), hedge funds, commercial hedgers and risk managers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/4/2021 via Company Press Release

EquiLend LLC, acquired Stonewain

See 571 Comparable Transactions
synopsis: EquiLend, the global financial technology company for the securities lending, collateral and swaps industries, announced it has acquired a majority stake in Stonewain Systems, Inc., an independent provider of world-class software and solutions for the securities finance industry.
buyer: EquiLend LLC
EquiLend is a global financial technology firm offering trading, post-trade, market data, regulatory and clearing services for the securities lending, collateral and swaps industries. EquiLend has offices in New York, Toronto, London, Dublin, Hong Kong and Tokyo. "
 target: Stonewain
Stonewain provides world-class software and solutions for the securities finance industry. Its products deliver comprehensive, fully integrated solutions that combine a high level of industry-specific functionality with leading-edge technology and automation.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/30/2021 via PR Newswire

Broadridge Financial Solutions, will acquire Itiviti AB

See 918 Comparable Transactions
synopsis: Broadridge Financial Solutions, a global Fintech leader, will acquire Sweden-based Itiviti Holding AB, a leading provider of trading and connectivity technology to the capital markets industry. The acquisition significantly expands Broadridge's Capital Markets franchise by extending into the front office and strengthening multi-asset capabilities.
buyer: Broadridge Financial Solutions (BR:$4,824.00)
Broadridge, a global Fintech leader, provides the critical infrastructure that powers investing, corporate governance, and communications to enable better financial lives. Broadridge delivers technology-driven solutions to banks, broker-dealers, asset and wealth managers, and public companies. "
 target parent: Nordic Capital
target: Itiviti AB
Based in Sweden, Itiviti is a leading global capital markets technology service provider offering highly scalable solutions that deliver significant cost savings for financial institutions by enabling them to consolidate their trading infrastructure.
price ($mm)
$2,528
rev ($mm)
$248
EBITDA ($mm)
EV / rev
10.2x
EV / EBITDA
Pages:  

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Pages:  
Geography
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Ticker: AIM:BRY
 
 
 
 
 
 
 
 
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Brady plc is the leading provider of software solutions for global commodity trading. They offer a choice of trading and risk management applications designed to enable producers, financial organisations and trading companies to manage their commodity transactions in an integrated solution.
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BlackRock, Inc.
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MarketAxess Holdings, Inc.
MarketAxess operates a leading, institutional electronic trading platform delivering expanded liquidity opportunities, improved execution quality and significant cost savings across global fixed-income markets.
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Infront AS
Infront provides electronic trading solutions and real-time market data, news, and analytics covering financial key markets in all asset classes. Infront’s terminal, mobile apps and versatile electronic trading solutions connect professional users to their local and international markets.
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Ticker: INIX.PK
 
 
 
 
 
 
 
 
iFinix Corporation
iFinix Corporation
Ifinix is a leading global provider of financial and business information to professionals and active individual investors. Building on a 20-year legacy of delivering time-sensitive financial information, Ifinix provides streaming, real-time market data, news and analytics.
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Ticker: GB:FFA.GB
 
 
 
 
 
 
 
 
FFastFill plc
FFastFill plc
FFastFill is the leading provider of Software as a Service to the global derivatives community, using the latest developments in technology to automate trade flow processes across a firm's front, middle and back offices.
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EBITDA ($mm)
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Forex International Trading Corp.
Forex International Trading Corp.
Forex International Trading develops the next generation of Forex trading platforms. 4XINT Trader is an advanced online trading platform for the Forex market.
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EBITDA ($mm)
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Ticker: OTCPK:APTY
 
 
 
 
 
 
 
 
APT Systems, Inc.
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EBITDA ($mm)
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Ticker: MORN
 
 
 
 
 
 
 
 
Morningstar, Inc.
Morningstar, Inc.
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EBITDA ($mm)
$411.60
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Ticker: TSXV:ALY
 
 
 
 
 
 
 
 
AnalytixInsight
AnalytixInsight
AnalytixInsight Inc's Big Data Analytics platform helps transform data into narratives. Their flagship product Capital Cube provides high-quality financial research and content for investors, information providers, finance portals and media.
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Ticker: ASX:REV
 
 
 
 
 
 
 
 
Real Estate Investar
Real Estate Investar
Real Estate Investar is an Australian provider of products and services for property investors. Real Estate Investar helps people to find, analyse and track investment properties. Their platform provides users with all the tools, data and information they need to invest in property successfully.
year
2019
rev ($mm)
$0.59
EBITDA ($mm)
($0.38)
EBIT ($mm)
($0.63)
Net Income ($mm)
Employees
0
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Ticker: ASX:PPS
 
 
 
 
 
 
 
 
Praemium
Praemium
Preaemium is a specialist in the provision of portfolio administration services. Using leading edge technology to deliver cost-effective investment administration services, Præmium provides services to some of Australia’s leading financial institutions.
year
2014
rev ($mm)
$15.31
EBITDA ($mm)
$0.88
EBIT ($mm)
$0.60
Net Income ($mm)
Employees
85
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Ticker: OTCPK:INVU
 
 
 
 
 
 
 
 
Investview, Inc
Investview, Inc
Investview, Inc. is a New Jersey-based diversified financial technology organization. The Company operates primarily through its wholly- and majority-owned subsidiaries, to provide financial products and services to accredited investors, self-directed investors and select financial institutions.
year
2020
rev ($mm)
$25.68
EBITDA ($mm)
($6.49)
EBIT ($mm)
($8.46)
Net Income ($mm)
Employees
22
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Ticker: SSNC
 
 
 
 
 
 
 
 
SS&C Technologies, Inc.
SS&C Technologies, Inc.
SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry.
year
2022
rev ($mm)
$5,112.60
EBITDA ($mm)
$1,903.20
EBIT ($mm)
$1,239.70
Net Income ($mm)
Employees
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Ticker: BUSE:OPUS
 
 
 
 
 
 
 
 
Opus Global, Inc.
Opus Global is a global risk and compliance SaaS and data solution company, founded on a simple premise: that faster, better decisions in compliance and risk management give businesses an extraordinary advantage in the marketplace.
year
2017
rev ($mm)
$160.13
EBITDA ($mm)
$24.64
EBIT ($mm)
$18.91
Net Income ($mm)
$21.05
Employees
47
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Ticker: MKTX
 
 
 
 
 
 
 
 
MarketAxess Holdings, Inc.
MarketAxess Holdings, Inc.
MarketAxess operates a leading, institutional electronic trading platform delivering expanded liquidity opportunities, improved execution quality and significant cost savings across global fixed-income markets.
year
2020
rev ($mm)
$615.14
EBITDA ($mm)
$350.02
EBIT ($mm)
$321.32
Net Income ($mm)
$262.94
Employees
527
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Ticker: BLK
 
 
 
 
 
 
 
 
BlackRock, Inc.
BlackRock, Inc.
BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. They help clients around the world meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares®, and more.
year
2022
rev ($mm)
$19,374.00
EBITDA ($mm)
$8,525.00
EBIT ($mm)
$8,378.00
Net Income ($mm)
Employees
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Ticker: AIM:FDP
 
 
 
 
 
 
 
 
First Derivatives plc
First Derivatives plc
First Derivatives (FD) is a global technology provider with nearly 20 years of experience of working with some of the world’s largest finance, technology and energy institutions.
year
2017
rev ($mm)
$222.71
EBITDA ($mm)
$27.38
EBIT ($mm)
$21.19
Net Income ($mm)
$11.43
Employees
2000
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Ticker:
 
 
 
 
 
 
 
 
Infront AS
Infront provides electronic trading solutions and real-time market data, news, and analytics covering financial key markets in all asset classes. Infront’s terminal, mobile apps and versatile electronic trading solutions connect professional users to their local and international markets.
year
2021
rev ($mm)
$142.28
EBITDA ($mm)
$20.65
EBIT ($mm)
$10.45
Net Income ($mm)
Employees
483
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Ticker: BIT:CAD
 
 
 
 
 
 
 
 
CAD IT S.p.A.
CAD IT S.p.A.
CAD IT is a dynamic Italian technology company with a leading position in financial services software. Area Finanza, their flagship product, is a securities trading and post-trading process management system. CAD IT customers includes Banks, Insurances, Funds, Brokers, Enterprises, and more.
year
2018
rev ($mm)
$74.33
EBITDA ($mm)
$14.44
EBIT ($mm)
$7.75
Net Income ($mm)
$4.94
Employees
590
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Ticker: BIT:TAS
 
 
 
 
 
 
 
 
TAS Group S.p.A
TAS Group S.p.A
TAS S.p.A. a leading company in Italy in the supply of software and services for banking and financial applications, with a presence in Europe, the US and Latin America. TAS is specialised in software solutions for electronic money, payment systems, capital markets and Extended Enterprise.
year
2020
rev ($mm)
$63.47
EBITDA ($mm)
$6.90
EBIT ($mm)
$7.21
Net Income ($mm)
$6.01
Employees
415
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Ticker: SEHK:8018
 
 
 
 
 
 
 
 
Finsoft Financial Investment Holdings Limited
Finsoft Financial Investment Holdings is principally engaged in the provision of financial trading software solutions, provision of other internet financial platforms, provision of referral services, money lending business, securities investments and provision of corporate finance advisory services.
year
2015
rev ($mm)
$7.26
EBITDA ($mm)
$1.91
EBIT ($mm)
$1.77
Net Income ($mm)
$1.16
Employees
64
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Ticker: INIX.PK
 
 
 
 
 
 
 
 
iFinix Corporation
iFinix Corporation
Ifinix is a leading global provider of financial and business information to professionals and active individual investors. Building on a 20-year legacy of delivering time-sensitive financial information, Ifinix provides streaming, real-time market data, news and analytics.
year
2011
rev ($mm)
$0.54
EBITDA ($mm)
($0.26)
EBIT ($mm)
($0.27)
Net Income ($mm)
Employees
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Ticker: GB:FFA.GB
 
 
 
 
 
 
 
 
FFastFill plc
FFastFill plc
FFastFill is the leading provider of Software as a Service to the global derivatives community, using the latest developments in technology to automate trade flow processes across a firm's front, middle and back offices.
year
2011
rev ($mm)
$24.91
EBITDA ($mm)
$6.69
EBIT ($mm)
$3.39
Net Income ($mm)
$2.90
Employees
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Ticker: TSE:3747
 
 
 
 
 
 
 
 
INTERTRADE Co., Ltd.
INTERTRADE Co., Ltd. is a Japan-based company principally engaged in the provision of packaged systems for security business. The Company is involved in the design, development, sale, maintenance and operation of front and packaged systems for security business and corporations, and more.
year
2018
rev ($mm)
$17.15
EBITDA ($mm)
($3.32)
EBIT ($mm)
($3.58)
Net Income ($mm)
Employees
115
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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
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Ticker: FXIT
 
 
 
 
 
 
 
 
Forex International Trading Corp.
Forex International Trading Corp.
Forex International Trading develops the next generation of Forex trading platforms. 4XINT Trader is an advanced online trading platform for the Forex market.
year
2011
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
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Ticker: OTCPK:APTY
 
 
 
 
 
 
 
 
APT Systems, Inc.
APT is an acronym for Applied Proprietary Trading. The Management of APT Systems, Inc. works to deliver stock trading tools with a focus on handheld devices.
year
2018
rev ($mm)
$0.01
EBITDA ($mm)
($1.69)
EBIT ($mm)
($1.72)
Net Income ($mm)
Employees
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Ticker: AIM:BRY
 
 
 
 
 
 
 
 
Brady plc
Brady plc
Brady plc is the leading provider of software solutions for global commodity trading. They offer a choice of trading and risk management applications designed to enable producers, financial organisations and trading companies to manage their commodity transactions in an integrated solution.
year
2017
rev ($mm)
$39.97
EBITDA ($mm)
($2.65)
EBIT ($mm)
($3.47)
Net Income ($mm)
Employees
253
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Ticker: MORN
 
 
 
 
 
 
 
 
Morningstar, Inc.
Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, and institutions.
year
2022
rev ($mm)
$1,699.30
EBITDA ($mm)
$411.60
EBIT ($mm)
$260.90
Net Income ($mm)
Employees
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