Like Market Systems, Inc.

closed 4/24/2006 via Company Press Release

Thomson Financial, acquired Market Systems, Inc.

See 307 Comparable Transactions
synopsis: Thomson Financial, an operating unit of The Thomson Corporation and leading provider of information and technology solutions to the worldwide financial community, today announced that it has acquired privately-held Market Systems, Inc. (MSI), a software systems company for Transaction Cost Analysis (TCA) and trade execution compliance.
buyer parent: The Thomson Corporation
buyer: Thomson Financial
Thomson Financial, an operating unit of The Thomson Corporation, is a leading provider of information and technology solutions to the worldwide financial community. Today, Thomson Financial comprises four business units, each designed to serve our principal target markets. "
 target: Market Systems, Inc.
Market Systems Inc. (MSI) leads the industry in providing best execution analysis to U.S. brokerage firms, market makers and exchanges. MSI web products are the choice of leading broker/dealers and exchanges for the preparation and analysis of SEC Rule 605 and 606 reports.
price ($mm)
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closed 4/3/2014 via PE Hub

Polaris Venture Partners, acquired The Roberts Group

See 368 Comparable Transactions
synopsis: Polaris Partners has invested in The Roberts Group. The Roberts Group, of New York, provides market data cost and inventory management solutions to the financial services industry. They are the developer of the Financial Information Tracking System, FITS, a market data inventory management solution available to the Financial Services Industry.
buyer: Polaris Venture Partners
Polaris Venture Partners is a group of investors and technology executives with a successful track record of investing in and partnering with early-stage entrepreneurs in both information and medical technology. "
 target: The Roberts Group
The Roberts Group (TRG) is the developer of the Financial Information Tracking System, FITS, the most comprehensive market data inventory management solution available to the Financial Services Industry. TRG provides market data consulting services ranging from FITS Consulting to Systems Deployment.
price ($mm)
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closed 10/10/2017 via BusinessWire

Trading Technologies International, Inc., acquired Neurensic, Inc.

See 202 Comparable Transactions
synopsis: Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, announced it has acquired Neurensic, LLC, an artificial intelligence (AI) regtech solution for trading, compliance, surveillance and banking.
buyer: Trading Technologies International, Inc.
Trading Technologies International Inc. creates professional trading software and solutions for a wide variety of users including proprietary traders, brokers, money managers, CTAs, hedge funds, commercial hedgers and risk managers. "
 target: Neurensic, Inc.
Neurensic, LLC has produced the industry’s leading AI platform for identifying complex patterns of trading behavior at a vast scale, across multiple markets in near real time.
price ($mm)
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closed 5/24/2017 via Company Press Release

ThinkMarkets, acquired Trade Interceptor

See 166 Comparable Transactions
synopsis: ThinkMarkets, a global online brokerage specialising in foreign exchange, metals and global CFD trading, has acquired Trade Interceptor, the world’s most searched-for trading analysis app. The app offers triple the number of chart-types and indicators available on other retail brokers’ apps. Users can trade in live, demo and back-tested scenarios.
buyer: ThinkMarkets
ThinkMarkets is a global online brokerage specialising in foreign exchange (‘FX’), metals and global CFD trading, as well as spread betting. ThinkMarkets is dedicated to delivering high quality execution and service to an ever growing range of traders. "
 target: Trade Interceptor
Trade Interceptor is a Forex trading platform for retail and professional traders. The app offers triple the number of chart-types and indicators available on other retail brokers’ apps. Users can trade in live, demo and back-tested scenarios – so it's valuable to both advanced and beginner traders.
price ($mm)
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closed 5/4/2020 via BusinessWire

IHS Markit Ltd., acquired Catena Technologies

See 587 Comparable Transactions
synopsis: IHS Markit, a world leader in critical information, analytics and solutions, announced the acquisition of Catena Technologies, a global regulatory trade reporting firm based in Singapore. Catena was founded in 2002 as a fintech consultancy and transformed to become a SaaS provider of trade reporting solutions in 2014.
buyer: IHS Markit Ltd. (INFO:$4,287.80)
UK-based IHS Markit is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government. "
 target: Catena Technologies
Catena was founded in 2002 as a fintech consultancy and transformed to become a SaaS provider of trade reporting solutions in 2014. Its award-winning TRACE Reporting platform automates and manages trade reporting, providing cross-asset coverage, valuation and collateral reporting and reconciliation.
price ($mm)
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announced 11/7/2018 via GlobeNewswire

Virtu Financial LLC, will acquire Investment Technology Group, Inc.

See 336 Comparable Transactions
synopsis: Virtu Financial, Inc., a leading financial firm, announced that it has entered into a definitive agreement to acquire Investment Technology Group, a global financial technology company that helps brokers and asset managers improve returns for investors around the world.
buyer: Virtu Financial LLC (VIRT:$1,851.58)
Virtu is a leading financial firm that leverages cutting edge technology to deliver liquidity to the global markets and innovative, transparent trading solutions to their clients. As a market maker, Virtu provides deep liquidity that helps to create more efficient markets around the world. "
 target: Investment Technology Group, Inc. (ITG:$505.52)
Investment Technology Group is a global financial technology company that helps brokers and asset managers improve returns for investors around the world. They empower traders to reduce the end-to-end cost of implementing investments via liquidity, analytics and workflow technology solutions.
price ($mm)
$1,110
rev ($mm)
$506
EBITDA ($mm)
EV / rev
2.2x
EV / EBITDA
closed 1/26/2015 via Company Press Release

CREALOGIX, acquired MBA Systems

See 343 Comparable Transactions
synopsis: CREALOGIX has acquired MBA Systems, a well-established UK fintech brand and leading supplier of innovative web-based solutions and services to the securities and wealth management industries. With this move, CREALOGIX strengthens its presence in the UK market and gains an established customer base of over 30 banks, brokers and wealth managers.
buyer: CREALOGIX (SWX:CLXN:$76.18)
The CREALOGIX Group is a independent Swiss software house and the market leader for Digital Banking in Switzerland. Its focus is on changing customer needs for mobility, security, personalised advice and a comprehensive user experience. "
 target: MBA Systems
MBA Systems is a leading UK based supplier of online trading information and transaction systems to many leading brokers, wealth managers and international banks. It supports and hosts systems from its own secure data centre for almost all of its clients.
price ($mm)
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closed 8/6/2014 via BNC Analysis

Solium Capital Inc., acquired Executive Trading Solutions LLC

See 336 Comparable Transactions
synopsis: Solium Capital Inc., the leading global provider of software-as-a-service for equity administration, financial reporting and compliance, announced that it has completed the acquisition of Executive Trading Solutions LLC, a premier provider of online technology for the administration, execution and reporting of 10b5-1 trading plans in the US.
buyer: Solium Capital Inc. (TSX:SUM:$104.55)
Solium Capital Inc. provides cloud-enabled services for global equity administration, financial reporting and compliance. Headquartered in Canada, they also have offices in the United States, the United Kingdom, Spain, France and Australia. "
 target: Executive Trading Solutions LLC
Executive Trading Solutions LLC is a premier provider of online technology for the administration, execution and reporting of 10b5-1 trading plans in the US through my10b51.com. This service is valuable to brokerage firms, corporate issuers and executives.
price ($mm)
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closed 9/16/2013 via BNC Analysis

Thomson Reuters, acquired Omnesys Technologies Private Limited

See 336 Comparable Transactions
synopsis: Thomson Reuters acquired Bangalore-based Omnesys Technologies for an undisclosed amount. Omnesys is an integrated provider of sell-side order management systems (OMS) and high frequency trading solutions for Indian exchange traded instruments.
buyer: Thomson Reuters (TRI:$5,921.00)
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. It combines industry expertise with innovative technology to deliver critical information to leading decision makers. "
 target: Omnesys Technologies Private Limited
Omnesys is a leading provider of software for Securities markets worldwide. Omnesys products range from multi-asset, multi venue trading systems, market data and connectivity solutions to buy-side and sell-side firms, consumer oriented trading terminals and websites.
price ($mm)
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announced 3/5/2013 via BNC Analysis

Desjardins Group, will acquire Nexa Technologies, Inc.

See 336 Comparable Transactions
synopsis: Desjardins Financial Group will acquire California-based Nexa Technologies, which operates the online brokerage platform Disnat.
buyer: Desjardins Group
Desjardins Financial Group is the largest financial cooperative group in Canada. It offers complete banking services to nearly 6 million members and clients. "
 target parent: Technology Crossover Ventures
target: Nexa Technologies, Inc.
Nexa Technologies has been at the forefront of the online brokerage industry since 1999. Specializing in direct access brokerage technology, Nexa provides a complete online brokerage solution including multi-lingual level II, browser based trading and back-office tools.
price ($mm)
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closed 1/3/2011 via PR Newswire

ConvergEx, acquired RickTick

See 336 Comparable Transactions
synopsis: ConvergEx Group, a leading technology company, announced that it has completed its acquisition of RealTick® from Barclays Bank PLC. RealTick is a leading global, multi-broker, cross-asset electronic execution platform.
buyer parent: The Bank of New York Mellon
buyer: ConvergEx
ConvergEx is a leading technology company providing products and services to asset managers and financial intermediaries globally. Its products and services span the investment life cycle and center on the development, marketing and servicing of technology-based solutions. "
 target parent: Barclays PLC
target: RickTick
RealTick has revolutionized the electronic trading industry with unique, innovative and easy to use trading technology, along with ground breaking market access and liquidity solutions used by brokers, institutions and traders globally for over 25 years.
price ($mm)
$78
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/4/2007 via finextra.com

Markit Group Ltd., will acquire SwapsWire

See 336 Comparable Transactions
synopsis: UK market data vendor Markit has agreed in principle to acquire SwapsWire, the dealer-backed electronic trade confirmation network for OTC derivatives processing. Financial terms of the deal were not disclosed.
buyer: Markit Group Ltd. (MRKT:$1,129.70)
Markit Group Limited is the leading provider of independent pricing, reference data, portfolio valuations and OTC derivatives trade processing to the global financial and commodities markets. "
 target: SwapsWire
SwapsWire automates the legal confirmation, trade capture, and broker confirmation process for OTC derivatives products. The company offers electronic network to support trade workflow of various types, overnight index swaps, caps, floors, swaptions, credit default swaps, and equity derivatives.
price ($mm)
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announced 2/19/2021 via BusinessWire

280 CapMarkets will be merged with Incapital,

See 360 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)
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announced 6/20/2017 via BusinessWire

Vela Trading Technologies, will acquire OptionsCity Software, Inc.

See 275 Comparable Transactions
synopsis: Vela Trading Technologies LLC (Vela), a global leader in high performance trading and market data technology, has entered into a definitive agreement to acquire OptionsCity Software, a global provider of futures and options trading and analytics solutions.
buyer parent: Insight Venture Partners
buyer: Vela Trading Technologies
Vela Trading Technologies is an independent global leader in high performance trading and market data technology. They provide the breadth of coverage and depth of expertise demanded by today’s multi-asset, multi-region electronic trading environment. "
 target: OptionsCity Software, Inc.
OptionsCity powers the trading, risk management and analytics needs of futures and options traders, market makers, financial institutions and other market participants worldwide. OptionsCity is a certified Independent Software Vendor and a leading source of electronic options trading volume.
price ($mm)
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closed 8/7/2015 via PR Newswire

CBOE Holdings, Inc., purchased Data And Analytics Platforms from Livevol, Inc.

See 248 Comparable Transactions
synopsis: CBOE Holdings, Inc. has acquired the Livevol Core, Livevol Pro and Livevol X trading analytics platforms, as well as Livevol Enterprise and other market data solutions products from Livevol, Inc., a leading provider of equity and index options technology and market data services to professional and retail traders.
buyer: CBOE Holdings, Inc. (CBOE:$3,181.50)
CBOE Holdings, Inc. is the holding company for Chicago Board Options Exchange (CBOE), the CBOE Futures Exchange (CFE) and other subsidiaries. CBOE is the largest U.S. options exchange and creator of listed options. "
 seller: Livevol, Inc.
Livevol Pro is a web-based equity and option analysis software. Livevol X is a high-performance trade execution platform. Livevol Enterprise is a data distribution platform that allows users to receive and display data and analytics in any format within their own system.
price ($mm)
$7.00
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/30/2007 via BusinessWire

eSpeed, Inc. will be merged with BGC Partners L.P.,

See 52 Comparable Transactions
synopsis: eSpeed, Inc., a leader in electronic marketplaces and related trading technology for the global capital markets, and BGC Partners, one of the largest and fastest growing inter-dealer brokers of financial instruments for wholesale market participants worldwide, announced eSpeed and BGC will merge, and the combined company named “BGC Partners, Inc.”
buyer: BGC Partners L.P. (BGCP:$2,554.99)
BGC Partners L.P. is a leading inter-dealer broker providing integrated voice and electronic services to wholesale market participants worldwide. BGC is active in the global credit, fixed income, foreign exchange, derivatives and money markets, offering a full range of brokerage services. "
 target: eSpeed, Inc. (ESPD:$1,117.64)
eSpeed, Inc. is a leader in developing and deploying electronic marketplaces and related trading technology that offers traders access to the most liquid, efficient and neutral financial markets in the world. eSpeed operates multiple buyer, multiple seller real-time electronic marketplaces.
price ($mm)
rev ($mm)
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EV / EBITDA
closed 1/16/2019 via PR Newswire

DrillingInfo Inc., acquired MineralSoft

See 271 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.
price ($mm)
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closed 1/31/2008 via bobsguide.com

Reuters Group PLC, acquired StarMine

See 379 Comparable Transactions
synopsis: In January, StarMine Corp. was acquired by Reuters plc the global information company.
buyer: Reuters Group PLC
Reuters the global information company, provides indispensable information tailored for professionals in the financial services, media and corporate markets. Through reuters.com and other digital properties, Reuters now also supplies its trusted content direct to individuals. "
 target: StarMine
StarMine is dedicated to making investment research smarter. Our analytics and equity research management tools help investment firms around the globe generate alpha and process equity information more efficiently.
price ($mm)
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closed 7/17/2006 via PR Newswire

TradeWeb Group LLC, acquired LeverTrade LLC

See 204 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)
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closed 3/2/2016 via PR Newswire

TradeWeb Group LLC, acquired CodeStreet LLC

See 197 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)
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Pages:  
closed 4/24/2006 via Company Press Release

Thomson Financial, acquired Market Systems, Inc.

See 307 Comparable Transactions
synopsis: Thomson Financial, an operating unit of The Thomson Corporation and leading provider of information and technology solutions to the worldwide financial community, today announced that it has acquired privately-held Market Systems, Inc. (MSI), a software systems company for Transaction Cost Analysis (TCA) and trade execution compliance.
buyer parent: The Thomson Corporation
buyer: Thomson Financial
Thomson Financial, an operating unit of The Thomson Corporation, is a leading provider of information and technology solutions to the worldwide financial community. Today, Thomson Financial comprises four business units, each designed to serve our principal target markets. "
 target: Market Systems, Inc.
Market Systems Inc. (MSI) leads the industry in providing best execution analysis to U.S. brokerage firms, market makers and exchanges. MSI web products are the choice of leading broker/dealers and exchanges for the preparation and analysis of SEC Rule 605 and 606 reports.
price ($mm)
rev ($mm)
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EV / EBITDA
announced 11/4/2020 via BNC Analysis

Refinitiv, will acquire Giact Systems

See 285 Comparable Transactions
synopsis: Refinitiv will acquire Giact Systems, LLC boosting Refinitiv’s existing risk and compliance capabilities with the addition of an industry leader in digital identity and fraud prevention. GIACT’s platform approach and unique analytics enable risk insights to be generated from the aggregation of proprietary and extensive third-party data sources.
buyer parent: London Stock Exchange Group
buyer: Refinitiv
Refinitiv is one of the world’s largest providers of financial markets data and infrastructure. They provide leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community. "
 target parent: Tritium Partners
target: Giact Systems
GIACT is on the forefront of helping companies eliminate payments risk and identity fraud, verify customers, and stay in compliance with KYC (know your customer) requirements. Their solutions are deployed at over 1,000 companies, ranging in size from Fortune 500 companies to sole proprietors.
price ($mm)
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announced 7/29/2020 via Company Press Release

Refinitiv, will acquire Advisor Software Inc.

See 256 Comparable Transactions
synopsis: Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, announced the acquisition of strategic assets from Advisor Software Inc., a leading provider of wealth management cloud platforms for financial advisors and institutions.
buyer parent: London Stock Exchange Group
buyer: Refinitiv
Refinitiv is one of the world’s largest providers of financial markets data and infrastructure. They provide leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community. "
 target: Advisor Software Inc.
Advisor Software, Inc. is a leading provider of wealth management cloud platforms for financial advisors and institutions. The company has pioneered the first Wealth Management Cloud platform that offers streamlined access to a comprehensive range of financial services and resources.
price ($mm)
rev ($mm)
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EV / EBITDA
closed 3/2/2020 via Company Press Release

Refinitiv, acquired SciVantage, Inc.

See 204 Comparable Transactions
synopsis: Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, has acquired Scivantage, a SaaS provider of Digital Wealth Management and full End-to-End Tax solutions that delivers intelligent and actionable information that goes beyond the boundaries of traditional financial software.
buyer parent: London Stock Exchange Group
buyer: Refinitiv
Refinitiv is one of the world’s largest providers of financial markets data and infrastructure. They provide leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community. "
 target: SciVantage, Inc.
Scivantage is a SaaS provider of Digital Wealth Management and full End-to-End Tax solutions. Scivantage delivers intelligent and actionable information that goes beyond the boundaries of traditional financial software, helping improve investment decisions.
price ($mm)
rev ($mm)
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announced 7/27/2019 via Financial Times

London Stock Exchange Group, will acquire Refinitiv

See 62 Comparable Transactions
synopsis: London Stock Exchange Group, a diversified international market infrastructure and capital markets business sitting at the heart of the world's financial community, will acquire Refinitiv, a company that provides information, insights and technology that drive innovation and performance in global financial markets.
buyer: London Stock Exchange Group (LSE:LSE:$3,186.38)
London Stock Exchange Group is a diversified international market infrastructure and capital markets business sitting at the heart of the world's financial community. The Group operates a broad range of international equity, bond and derivatives markets. "
 target parent: Blackstone Group LP
target: Refinitiv
Refinitiv provides information, insights and technology that drive innovation and performance in global financial markets. Their heritage of integrity enables customers to make critical decisions with confidence while their best-in-class data and cutting-edge technologies enable greater opportunity.
price ($mm)
$27,000
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/23/2019 via BusinessWire

Refinitiv, will acquire AlphaDesk

See 171 Comparable Transactions
synopsis: Refinitiv will acquire AlphaDesk, a cloud-based Order Management System (OMS) that offers order and portfolio management, risk, and compliance solutions for buy-side clients. AlphaDesk adds a multi-asset class and multi-currency OMS platform with flexible workflows, adaptable to the differing needs of individual buy-side traders and asset managers.
buyer parent: Blackstone Group LP
buyer: Refinitiv
Refinitiv is a provider of financial market data and infrastructure. It provides leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community. "
 target parent: SGGG Fund Services Inc.
target: AlphaDesk
Toronto, Canada based AlphaDesk delivers real-time order, portfolio, and operations management tools to fund managers. The managed cloud service supports multiple portfolios, strategies, asset types, currencies and custodians in a single, integrated solution.
price ($mm)
rev ($mm)
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closed 10/1/2018 via Company Press Release

Blackstone Group LP, acquired Thomson Reuters Financial & Risk

See 62 Comparable Transactions
synopsis: Thomson Reuters announced that it has closed the sale of a 55% interest in the company's Financial & Risk business to private equity funds managed by Blackstone. The Financial & Risk business is now known as Refinitiv. The unit provides research and analysis tools to financial markets professionals.
buyer: Blackstone Group LP (BX:$17,325.04)
Blackstone is one of the world’s leading investment firms. They seek to create positive economic impact and long-term value for their investors, the companies they invest in, and the communities in which they work. Tactical Opportunities is Blackstone's opportunistic investment platform. "
 target parent: Thomson Reuters
target: Thomson Reuters Financial & Risk
The acquisition includes the financial and risk division of Thomson Reuters. The unit provides research and analysis tools to financial markets professionals. Thomson Reuters is the world's leading source of news and information for professional markets.
price ($mm)
$11,000*
rev ($mm)
$6,112
EBITDA ($mm)
$1,916
EV / rev
3.3x
EV / EBITDA
10.4x
closed 10/2/2013 via BusinessWire

Depository Trust & Clearing Corporation, acquired Omgeo LLC

See 539 Comparable Transactions
synopsis: The Depository Trust & Clearing Corporation, a US post-trade financial services company, announced that it has completed its 100% acquisition of Omgeo, the global standard for efficiency in institutional post-trade processing.
buyer: Depository Trust & Clearing Corporation
The Depository Trust & Clearing Corporation (DTCC), through its subsidiaries, provides clearing, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives. "
 target parent: Thomson Reuters
target: Omgeo LLC
Omgeo LLC is the leading provider of complete global trade management services, processing over one million trades per day and serving 6,000 broker-dealers, custodians and investment managers in more than 40 countries.
price ($mm)
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announced 7/3/2013 via Reuters

Thomson Reuters, will purchase FOREX Options Business from TradeWeb Group LLC

See 12 Comparable Transactions
synopsis: Thomson Reuters Corp has agreed to buy the foreign exchange options business of TradeWeb Markets. TradeWeb's foreign exchange options clients will eventually migrate to the FXall and will have access to more liquidity and products. Thomson Reuters is the majority owner of TradeWeb with ten other stakeholders.
buyer: Thomson Reuters (TRI:$5,921.00)
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. It combines industry expertise with innovative technology to deliver critical information to leading decision makers. "
 seller parent: Thomson Reuters
seller: TradeWeb Group LLC
TradeWeb Market's foreign exchange options business serves financial professionals such as pension fund managers and institutional investors who use the platform to trade options on major currencies.
price ($mm)
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closed 7/19/2007 via PR Newswire

Acquire Media Corporation, acquired NewsEdge Corporation

See 13 Comparable Transactions
synopsis: Acquire Media, in partnership with a consortium of Icelandic investors including Baugur Group, has completed its acquisition of US-based news and current awareness monitoring service NewsEdge from The Thomson Corporation. Terms of the transaction were not disclosed.
buyer: Acquire Media Corporation
Acquire Media provides digital media distribution software and services, primarily serving the publishing and financial services industries. Specialties include news and other time-sensitive content- acquiring it from publishers and distributing it to corporate servers, websites, and end users. "
 target parent: Thomson Reuters
target: NewsEdge Corporation
NewsEdge is a provider of global news and current-awareness solutions for business.The company’s mission is to make news valuable for business by helping people find the most relevant stories from an overwhelming volume of daily news and enabling them to act on the most current information possible.
price ($mm)
rev ($mm)
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closed 2/15/2007 via Company Press Release

Thomson Financial, purchased eXimius from Business Architects International N.V.

See 545 Comparable Transactions
synopsis: Thomson Financial, an operating unit of The Thomson Corporation, announced the acquisition of eXimius NV from Business Architects. The eXimius management team and its 36 employees will join Thomson Financial and will continue to sell and develop this industry-leading workflow solution for the private client investment management community.
buyer parent: The Thomson Corporation
buyer: Thomson Financial
Thomson Financial, an operating unit of The Thomson Corporation, is a leading provider of information and technology solutions to the worldwide financial community. Today, Thomson Financial comprises four business units, each designed to serve our principal target markets. "
 seller: Business Architects International N.V.
Business Architects International N.V. provides software solutions for mortgage and consumer lending operations to financial institutions in Western Europe. It offers a diverse suite of software products for loan applications processing, decision-making process and management of loan applications.
price ($mm)
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closed 7/19/2006 via

Thomson Financial, acquired AFX News Ltd.

See 9 Comparable Transactions
synopsis: Thomson Financial has signed a definitive agreement to acquire London-based business news agency AFX from Paris-based Agence France-Presse. Terms of the transaction were not disclosed, but according to reports the deal is thought to be worth just under $20 million.
buyer parent: The Thomson Corporation
buyer: Thomson Financial
Thomson Financial, an operating unit of The Thomson Corporation, is a leading provider of information and technology solutions to the worldwide financial community. Today, Thomson Financial comprises four business units, each designed to serve our principal target markets. "
 target parent: Agence France-Presse
target: AFX News Ltd.
AAFX News Ltd is one of the world's leading financial news agencies. Our real-time, comprehensive and trusted business and financial news services are designed to meet the requirements of the international banking and investor community.
price ($mm)
$20
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/24/2006 via Company Press Release

Thomson Financial, acquired Market Systems, Inc.

See 307 Comparable Transactions
synopsis: Thomson Financial, an operating unit of The Thomson Corporation and leading provider of information and technology solutions to the worldwide financial community, today announced that it has acquired privately-held Market Systems, Inc. (MSI), a software systems company for Transaction Cost Analysis (TCA) and trade execution compliance.
buyer parent: The Thomson Corporation
buyer: Thomson Financial
Thomson Financial, an operating unit of The Thomson Corporation, is a leading provider of information and technology solutions to the worldwide financial community. Today, Thomson Financial comprises four business units, each designed to serve our principal target markets. "
 target: Market Systems, Inc.
Market Systems Inc. (MSI) leads the industry in providing best execution analysis to U.S. brokerage firms, market makers and exchanges. MSI web products are the choice of leading broker/dealers and exchanges for the preparation and analysis of SEC Rule 605 and 606 reports.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/28/2003 via PR Newswire

LineData Services, purchased portfolio solutions assets targeted at the European market from Thomson Financial

See 64 Comparable Transactions
synopsis: Linedata Services, a global leader in Financial IT services, announced that it has purchased the portfolio solutions assets targeted at the European market of Thomson Financial, an operating unit of The Thomson Corporation and leading provider of information and technology solutions to the worldwide financial community.
buyer: LineData Services (ENXTPA:LIN:$197.04)
Linedata Services is a major international provider of financial IT solutions that specializes in Asset Management, Savings and Insurance and Leasing and Credit Finance. As a sand services provider, and solution integrator, Linedata Services offers global solutions that are tailored to the world of "
 seller parent: Thomson Reuters
seller: Thomson Financial
Thomson Financial, an operating unit of The Thomson Corporation, is a leading provider of information and technology solutions to the worldwide financial community. Today, Thomson Financial comprises four business units, each designed to serve our principal target markets.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/14/2002 via PR Newswire

Huntsworth PLC, purchased Global Consulting Group from Thomson Financial

See 12 Comparable Transactions
synopsis: Thomson Financial, an operating unit of The Thomson Corporation and leading provider of information and technology solutions to the worldwide financial community,announced it has entered into an agreement to sell its Global Consulting Group to Huntsworth PLC
buyer: Huntsworth PLC (LSE:HNT:$342.69)
Huntsworth Plc is an international public relations company. The Company's portfolio comprises public relations expertise in the consumer, financial, healthcare, public affairs and technology sectors, together with an offering in healthcare communications. "
 seller parent: Thomson Reuters
seller: Thomson Financial
Thomson Financial, an operating unit of The Thomson Corporation, is a leading provider of information and technology solutions to the worldwide financial community. Today, Thomson Financial comprises four business units, each designed to serve our principal target markets.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/4/2020 via PR Newswire

Cboe Global Markets, Inc., acquired Hanweck Associates, LLC

See 33 Comparable Transactions
synopsis: Cboe Global Markets, Inc. has acquired Hanweck Associates, LLC, a real-time risk analytics company. Hanweck is expected to help Cboe clients better understand how their balance sheet is optimized through real-time margin calculations of non-linear instruments and analytics that optimize portfolio allocations and hedges.
buyer: Cboe Global Markets, Inc. (CBOE:$3,181.50)
Cboe is one of the world's largest exchange holding companies, offering cutting-edge trading and investment solutions to investors. The company is committed to defining markets and driving global marketplaces forward through product innovation, leading-edge technology and seamless trading solutions."
 target: Hanweck Associates, LLC
Hanweck is the leading provider of real-time risk analytics on global derivatives market. The firm's data brings visibility and clarity to capital and balance sheet constraints of banks, broker/dealers, hedge funds, central counterparties, and exchanges.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/27/2019 via Financial Times

London Stock Exchange Group, will acquire Refinitiv

See 62 Comparable Transactions
synopsis: London Stock Exchange Group, a diversified international market infrastructure and capital markets business sitting at the heart of the world's financial community, will acquire Refinitiv, a company that provides information, insights and technology that drive innovation and performance in global financial markets.
buyer: London Stock Exchange Group (LSE:LSE:$3,186.38)
London Stock Exchange Group is a diversified international market infrastructure and capital markets business sitting at the heart of the world's financial community. The Group operates a broad range of international equity, bond and derivatives markets. "
 target parent: Blackstone Group LP
target: Refinitiv
Refinitiv provides information, insights and technology that drive innovation and performance in global financial markets. Their heritage of integrity enables customers to make critical decisions with confidence while their best-in-class data and cutting-edge technologies enable greater opportunity.
price ($mm)
$27,000
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/1/2018 via Company Press Release

Blackstone Group LP, acquired Thomson Reuters Financial & Risk

See 62 Comparable Transactions
synopsis: Thomson Reuters announced that it has closed the sale of a 55% interest in the company's Financial & Risk business to private equity funds managed by Blackstone. The Financial & Risk business is now known as Refinitiv. The unit provides research and analysis tools to financial markets professionals.
buyer: Blackstone Group LP (BX:$17,325.04)
Blackstone is one of the world’s leading investment firms. They seek to create positive economic impact and long-term value for their investors, the companies they invest in, and the communities in which they work. Tactical Opportunities is Blackstone's opportunistic investment platform. "
 target parent: Thomson Reuters
target: Thomson Reuters Financial & Risk
The acquisition includes the financial and risk division of Thomson Reuters. The unit provides research and analysis tools to financial markets professionals. Thomson Reuters is the world's leading source of news and information for professional markets.
price ($mm)
$11,000*
rev ($mm)
$6,112
EBITDA ($mm)
$1,916
EV / rev
3.3x
EV / EBITDA
10.4x
closed 11/18/2019 via BusinessWire

Investortools, acquired Merritt Research Services, LLC

See 32 Comparable Transactions
synopsis: Investortools, a provider of software-based solutions for fixed-income portfolio management, trading, compliance, credit analysis, and benchmark risk analysis, has acquired Merritt Research Services, the premier source for municipal financial data. Merritt is a research and data provider focused on credit information related to municipal bonds.
buyer: Investortools
Investortools specializes in software solutions for credit analysis and portfolio management in the institutional marketplace. Serving over 200 premier companies and financial institutions, Investortools and its affiliates have offices in the U.S., Europe and Asia. "
 target: Merritt Research Services, LLC
Merritt Research Services, LLC is an independent research and data provider focused primarily on credit information related to municipal bonds. Merritt's database provides and maintains the highest-quality set of comprehensive financial and supplemental data in the municipal finance industry.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/29/2019 via PR Newswire

Morningstar, Inc., will acquire DBRS Limited

See 33 Comparable Transactions
synopsis: Morningstar, Inc., a leading provider of independent investment research, will be acquiring DBRS, the world's fourth-largest credit ratings agency. DBRS is an independent, privately held, globally recognized credit ratings agency.
buyer: Morningstar, Inc. (MORN:$1,244.10)
Morningstar, Inc. is a leading provider of independent investment research. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the private capital markets. "
 target: DBRS Limited
DBRS is an independent, privately held, globally recognized credit ratings agency. DBRS’s approach and size provide the agility to respond to customers’ needs in their local markets, while being large enough to provide the necessary expertise and resources.
price ($mm)
$669
rev ($mm)
$167
EBITDA ($mm)
EV / rev
4.0x
EV / EBITDA
closed 8/12/2014 via BusinessWire

MSCI Inc., acquired GMI Ratings

See 25 Comparable Transactions
synopsis: MSCI Inc., a leading provider of investment decision support tools worldwide, announced that it has completed the acquisition of GMI Ratings, a provider of corporate governance research and ratings on over 6,000 companies worldwide.
buyer: MSCI Inc. (MSCI:$1,476.56)
MSCI is a leading provider of investment decision support tools to around 6,200 clients worldwide, ranging from large pension plans to boutique hedge funds. They offer a range of products and services - including indices, portfolio risk and performance analytics, and governance tools. "
 target: GMI Ratings
GMI Ratings is an independent provider of research and ratings on environmental, social, governance and accounting-related risks affecting the performance of public companies. They help investors assess the sustainable investment value of corporations.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/22/2010 via Market Wire

The Corporate Library merged with GovernanceMetrics International,

See 25 Comparable Transactions
synopsis: The Corporate Library and GovernanceMetrics International (GMI) announced they have merged, uniting two leading global corporate governance research and risk rating firms. This merger creates the world's leading independent firm dedicated to the development and sale of corporate governance risk ratings.
buyer parent: GovernanceMetrics International
buyer: GovernanceMetrics International
GovernanceMetrics International (GMI) is the largest independent provider of global corporate governance research, ratings and risk analysis. GMI provides in-depth coverage of 4,200 companies, including the complete MSCI World Index and extensive Emerging Market coverage. "
 target parent: The Corporate Library
target: The Corporate Library
The Corporate Library has been the leading independent firm providing corporate governance research, advisory and risk analysis solutions. They rate companies on a proprietary set of governance risk factors, allowing businesses to evaluate governance as an element of investment and other risk.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/22/2006 via BusinessWire

ID Insight, Inc., acquired Loss Control Technologies, Inc.

See 83 Comparable Transactions
synopsis: Today ID Insight Inc, provider of analytics-based fraud detection solutions, has announced its acquisition of Loss Control Technologies Inc. (LCT), a Florida-based data provider.
buyer: ID Insight, Inc.
ID Insight Incorporated was founded in 2002 by recognized leaders in the risk and fraud industry. ID Insight is a specialized provider of innovative identity theft detection tools for the financial services industry. "
 target: Loss Control Technologies, Inc.
Loss Control Technologies has been helping businesses in multiple industries protect themselves from fraud. Particularly in the banking and insurance markets, LCT provides its clients with data containing high-risk addresses and access points known to be predictive of fraudulent activity.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/18/2015 via BNC Analysis

MergerMarket Group, acquired C6 Intelligence Information Systems Limited

See 32 Comparable Transactions
synopsis: Mergermarket Group, a BC Partners portfolio company, announced that it has acquired C6 Intelligence. Headquartered in the UK, C6 is a provider of global risk intelligence and data. C6 is a trusted provider of intelligence in the field of customer due diligence covering know-your-client (KYC) checks and also has a unique fraud intelligence database.
buyer parent: BC Partners
buyer: MergerMarket Group
Mergermarket Group is a global media company providing investment banks, advisory professionals, fund managers, private equity firms, industry and corporate professionals with forward-looking intelligence, analysis and data. "
 target: C6 Intelligence Information Systems Limited
C6 Intelligence provides actionable data that helps businesses all over the world manage risk. The company is a trusted provider of data and intelligence in the field of customer due diligence covering know-your-client (KYC) checks, ongoing monitoring, and enhanced due diligence (EDD).
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/27/2017 via GlobeNewswire

Argus Information & Advisory Services, LLC, will acquire G2 Web Services, LLC.

See 46 Comparable Transactions
synopsis: Verisk Analytics, Inc., a leading data analytics provider, has signed a definitive agreement to acquire G2 Web Services, an industry-leading provider of merchant risk intelligence solutions for acquirers, commercial banks, and other payment system providers. G2 Web Services will become part of Argus, a Verisk Analytics business.
buyer parent: Verisk Analytics, Inc.
buyer: Argus Information & Advisory Services, LLC
Argus is a one-of-a-kind leading provider of information, scoring solutions, and advisory services to financial institutions across the globe. Their client base ranges from financial institutions and their regulators to various companies across the media industry and beyond. "
 target: G2 Web Services, LLC.
G2 Web Services is a leading global provider of merchant risk management solutions, including due diligence, compliance and fraud protection.
price ($mm)
$112
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/7/2011 via Company Press Release

Primus Capital Funds, acquired G2 Web Services, LLC.

See 46 Comparable Transactions
synopsis: Primus Capital, a private equity firm that invests in high-growth companies within the business services, healthcare and education industries, announced the acquisition of G2 Web Services, LLC, the leading provider of merchant compliance monitoring and e-commerce risk management services to the payments industry.
buyer: Primus Capital Funds
Primus Capital is a private equity firm that invests in profitable growth companies in the lower middle market. Primus provides expansion capital and leads buyout and minority recapitalization transactions in the healthcare, business services, and for-profit education industries. "
 target: G2 Web Services, LLC.
G2 Web Services is the leader in merchant compliance monitoring and e-commerce risk management. G2 works with acquiring banks, independent sales organizations, and other acquiring value chain members to identify, mitigate and monitor risk posed by their merchants’ online presences.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/19/2008 via PR Newswire

LexisNexis, acquired ChoicePoint, Inc.

See 56 Comparable Transactions
synopsis: Reed Elsevier announced that its acquisition of ChoicePoint Inc has been completed. On 21 February 2008, Reed Elsevier announced that it had reached agreement to acquire ChoicePoint for a total cost of $4.1 billion. On 16 September 2008 Reed Elsevier announced that the acquisition had received clearance from the US Federal Trade Commission.
buyer: LexisNexis
LexisNexis is a leading provider of information and services solutions, including its flagship Web-based Lexis(R) and Nexis(R) research services, to a wide range of professionals in the legal, risk management, corporate, government, law enforcement, accounting and academic markets. "
 target: ChoicePoint, Inc.
ChoicePoint helps businesses, government agencies and nonprofit organizations make better decisions through information and technology solutions.
price ($mm)[EV]
$3,442 [$4,032]
rev ($mm)
$982
EBITDA ($mm)
$274
EV / rev
4.3x
EV / EBITDA
15.4x
closed 6/10/2015 via BNC Analysis

Infonet Srl merged with Ribes S.p.A.,

See 99 Comparable Transactions
synopsis: Ribes S.p.A., a company that provides business information to Italian banks, has merged with Infonet Srl, a company that provides information on the reliability of its economic counterparts in order to optimize protection from the credit risk of banks, companies and professionals.
buyer parent: Tecnoinvestimenti S.p.A
buyer: Ribes S.p.A.
Ribes S.p.A. provides business information to Italian banks. The company was founded in 1995 and is based in Milan, Italy. They assess the value of real estate collateral during the granting of a loan. "
 target: Infonet Srl
Infonet is an innovative partner for over 15 years in the service sector of Business & Credit Information and provides information on the reliability of its economic counterparts in order to optimize protection from the credit risk of banks, companies and professionals.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/19/2016 via PR Newswire

Atradius N.V., acquired Graydon Holding N.V.

See 20 Comparable Transactions
synopsis: Atradius N.V., a leading international credit insurance, surety and collections company announced its acquisition of 55% of the shares in Graydon Holding N.V., one of the world's leading business information providers. With this acquisition Atradius, which already owned a 45% stake in Graydon will become the sole shareholder.
buyer parent: Catalana Occidente
buyer: Atradius N.V.
Atradius provides trade credit insurance, surety and collections services worldwide through a strategic presence in 50 countries. Atradius has access to credit information on 200 million companies worldwide. "
 target: Graydon Holding N.V.
Graydon provides business information solutions for Credit Management & Collections, Marketing Intelligence and Risk & Compliance. By converting data into innovative business insights, Graydon helps companies to identify commercial opportunities and reduce risks.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/11/2021 via BusinessWire

Moody's Corporation, will acquire Cortera, Inc.

See 287 Comparable Transactions
synopsis: Moody’s Corporation, a global risk assessment firm, has entered into a definitive agreement to acquire Cortera, a leading provider of North American credit data and workflow solutions. The acquisition enhances Moody’s integrated risk assessment capabilities and significantly extends coverage in the small and medium enterprise (SME) segment.
buyer: Moody's Corporation (MCO:$5,371.00)
Moody’s is a global risk assessment firm that empowers organizations to make better decisions. Its data, analytical solutions and insights help decision-makers identify opportunities and manage the risks of doing business with others. "
 target parent: Volition Capital LLC
target: Cortera, Inc.
Cortera is a leading provider of North American credit data and workflow solutions. Cortera maintains one of the most comprehensive databases of credit information, featuring data and analytics on over 36 million companies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/30/2009 via Market Wire

Thomson Reuters, acquired ASSET4 AG

See 29 Comparable Transactions
synopsis: Thomson Reuters announced that it has acquired ASSET4 AG, a Swiss-based, leading provider of Environmental, Social Responsibility and Governance information and tools for professional investors and corporate executives. This deal represents a step forward in the integration of ESG data into mainstream financial analysis.
buyer: Thomson Reuters (TRI:$5,921.00)
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. Powered by the world's most trusted news organization, Thomson Reuters combine industry expertise with innovative technology to deliver critical information to leading decision makers. "
 target: ASSET4 AG
ASSET4 has developed the world’s largest database of transparent, objective and auditable environmental, social and governance (ESG) information covering over 2,500 publicly listed companies worldwide.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/17/2017 via GlobeNewswire

Coupa Software, acquired Riskopy, Inc.

See 42 Comparable Transactions
synopsis: Coupa Software, a leader in cloud-based spend management, announced that it has acquired substantially all of the assets of Riskopy, Inc. Riskopy is changing how financial services are delivered by providing data-driven insights on 100 million businesses.
buyer: Coupa Software (COUP:$458.37)
Coupa Software is the cloud platform for business spend. They deliver “Value as a Service” by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. "
 target: Riskopy, Inc.
Riskopy is changing how financial services are delivered by providing data-driven insights on 100 million businesses. Leveraging contextualized data, finance providers can accurately calculate the cost of capital, and monitor their portfolio for risks and opportunities.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/18/2013 via PR Newswire

CoreLogic, Inc., acquired RiskMeter Online

See 38 Comparable Transactions
synopsis: CoreLogic® announced the acquisition of CDS Business Mapping, LLC. CDS Business Mapping's primary offering is RiskMeter Online. It delivers critical underwriting information to over 700 insurance carriers, agents and brokers nationwide through real-time reports that identify property-specific geographic hazards.
buyer: CoreLogic, Inc. (CLGX:$1,642.38)
CoreLogic is a provider of consumer, financial and property information, analytics and services to business and government. CoreLogic develops predictive decision analytics and provides business services that bring dynamic insight and transparency to the markets it serves. "
 target: RiskMeter Online
CDS Business Mapping, LLC. was founded in 1994 as a digital mapping sales and consulting company. The company's primary offering is the RiskMeter Online, a real-time underwriting application based upon mapping technology which is used by underwriters and agents to automate property lookups.
price ($mm)
$78
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/27/2020 via BNC Analysis

Paynet, acquired Ansonia

See 42 Comparable Transactions
synopsis: Equifax, an American multinational consumer credit reporting agency has announced that the company has increased its leadership in commercial credit data solutions by acquiring Ansonia, a leading provider of business credit, collections, and account receivable (AR) data. Ansonia will be integrated into PayNet, an Equifax company.
buyer parent: Equifax, Inc.
buyer: Paynet
PayNet, an Equifax company, is the leading provider of credit ratings on small businesses enabling lenders to manage credit risk, grow earning assets and operate credit processes at a lower cost. "
 target: Ansonia
Ansonia Credit Data (Ansonia) is a leading provider of business credit, collections, and account receivable (AR) data used by financial institutions and other creditors and businesses in the transportation and logistics industries.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/14/2018 via BusinessWire

Falfurrias Capital, acquired Tax Guard

See 26 Comparable Transactions
synopsis: Falfurrias Capital Partners, a Charlotte-based private equity investment firm, has acquired Tax Guard, the leading provider of proprietary data and services that help lenders accurately assess tax-related credit risk associated with potential borrowers.
buyer: Falfurrias Capital
Falfurrias Capital Partners is a Charlotte-based private equity investment firm. The firm is focused on acquiring or investing in a diverse portfolio of growth-oriented middle-market companies. "
 target: Tax Guard
Headquartered in Boulder, Colorado, Tax Guard is the leading provider of proprietary data and services that help lenders accurately assess tax-related credit risk associated with potential borrowers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
Pages:  

Like Market Systems, Inc.


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G2 Web Services, LLC.

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ChoicePoint, Inc.

Infonet Srl

Graydon Holding N.V.

Cortera, Inc.

ASSET4 AG

Riskopy, Inc.

RiskMeter Online

Ansonia

Tax Guard

Pages:  
Geography
Matching Companies
Ticker: GB:FFA.GB
 
 
 
 
 
 
 
 
FFastFill plc
FFastFill plc
FFastFill is the leading provider of Software as a Service to the global derivatives community, using the latest developments in technology to automate trade flow processes across a firm's front, middle and back offices.
year
2011
rev ($mm)
$24.91
EBITDA ($mm)
$6.69
EBIT ($mm)
$3.39
Net Income ($mm)
$2.90
Employees
  • drill down
  • watch
Ticker: BLK
 
 
 
 
 
 
 
 
BlackRock, Inc.
BlackRock, Inc.
BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. They help clients around the world meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares®, and more.
year
2019
rev ($mm)
$13,880.00
EBITDA ($mm)
$5,602.00
EBIT ($mm)
$5,300.00
Net Income ($mm)
$4,199.00
Employees
0
  • drill down
  • watch
Ticker: MKTX
 
 
 
 
 
 
 
 
MarketAxess Holdings, Inc.
MarketAxess Holdings, Inc.
MarketAxess operates a leading, institutional electronic trading platform delivering expanded liquidity opportunities, improved execution quality and significant cost savings across global fixed-income markets.
year
2020
rev ($mm)
$615.14
EBITDA ($mm)
$350.02
EBIT ($mm)
$321.32
Net Income ($mm)
$262.94
Employees
527
  • drill down
  • watch
Ticker:
 
 
 
 
 
 
 
 
Infront AS
Infront provides electronic trading solutions and real-time market data, news, and analytics covering financial key markets in all asset classes. Infront’s terminal, mobile apps and versatile electronic trading solutions connect professional users to their local and international markets.
year
2021
rev ($mm)
$142.28
EBITDA ($mm)
$20.65
EBIT ($mm)
$10.45
Net Income ($mm)
Employees
483
  • drill down
  • watch
Ticker: INIX.PK
 
 
 
 
 
 
 
 
iFinix Corporation
iFinix Corporation
Ifinix is a leading global provider of financial and business information to professionals and active individual investors. Building on a 20-year legacy of delivering time-sensitive financial information, Ifinix provides streaming, real-time market data, news and analytics.
year
2011
rev ($mm)
$0.54
EBITDA ($mm)
($0.26)
EBIT ($mm)
($0.27)
Net Income ($mm)
Employees
  • drill down
  • watch
Ticker: FXIT
 
 
 
 
 
 
 
 
Forex International Trading Corp.
Forex International Trading Corp.
Forex International Trading develops the next generation of Forex trading platforms. 4XINT Trader is an advanced online trading platform for the Forex market.
year
2011
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
  • drill down
  • watch
Ticker: AIM:BRY
 
 
 
 
 
 
 
 
Brady plc
Brady plc
Brady plc is the leading provider of software solutions for global commodity trading. They offer a choice of trading and risk management applications designed to enable producers, financial organisations and trading companies to manage their commodity transactions in an integrated solution.
year
2017
rev ($mm)
$39.97
EBITDA ($mm)
($2.65)
EBIT ($mm)
($3.47)
Net Income ($mm)
Employees
253
  • drill down
  • watch
Ticker: TSXV:ALY
 
 
 
 
 
 
 
 
AnalytixInsight
AnalytixInsight
AnalytixInsight Inc's Big Data Analytics platform helps transform data into narratives. Their flagship product Capital Cube provides high-quality financial research and content for investors, information providers, finance portals and media.
year
2016
rev ($mm)
$1.66
EBITDA ($mm)
($1.51)
EBIT ($mm)
($1.64)
Net Income ($mm)
Employees
  • drill down
  • watch
Ticker: OTCPK:APTY
 
 
 
 
 
 
 
 
APT Systems, Inc.
APT is an acronym for Applied Proprietary Trading. The Management of APT Systems, Inc. works to deliver stock trading tools with a focus on handheld devices.
year
2018
rev ($mm)
$0.01
EBITDA ($mm)
($1.69)
EBIT ($mm)
($1.72)
Net Income ($mm)
Employees
  • drill down
  • watch
Ticker: MORN
 
 
 
 
 
 
 
 
Morningstar, Inc.
Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, and institutions.
year
2020
rev ($mm)
$1,244.10
EBITDA ($mm)
$251.90
EBIT ($mm)
$184.60
Net Income ($mm)
$142.70
Employees
6896
  • drill down
  • watch
Ticker: ASX:REV
 
 
 
 
 
 
 
 
Real Estate Investar
Real Estate Investar
Real Estate Investar is an Australian provider of products and services for property investors. Real Estate Investar helps people to find, analyse and track investment properties. Their platform provides users with all the tools, data and information they need to invest in property successfully.
year
2019
rev ($mm)
$0.59
EBITDA ($mm)
($0.38)
EBIT ($mm)
($0.63)
Net Income ($mm)
Employees
0
  • drill down
  • watch
Ticker: SSNC
 
 
 
 
 
 
 
 
SS&C Technologies, Inc.
SS&C Technologies, Inc.
SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry.
year
2020
rev ($mm)
$4,669.30
EBITDA ($mm)
$1,685.20
EBIT ($mm)
$947.10
Net Income ($mm)
$456.90
Employees
22800
  • drill down
  • watch
Ticker: 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
  • 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
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Ticker: XTRA:NIIN
 
 
 
 
 
 
 
 
niiio finance group AG
niiio finance group AG
Germany-based Niiio finance group AG is a provider of cloud banking software with a focus on wealth management. As a "full-service provider", the company digitizes its customers' processes so that they can work efficiently, flexibly and legally.
year
2019
rev ($mm)
$0.29
EBITDA ($mm)
($1.21)
EBIT ($mm)
($1.22)
Net Income ($mm)
Employees
4
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Ticker: MCO
 
 
 
 
 
 
 
 
Moody's Corporation
Moody's Corporation
Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets.
year
2020
rev ($mm)
$5,371.00
EBITDA ($mm)
$2,658.33
EBIT ($mm)
$2,441.00
Net Income ($mm)
$1,778.00
Employees
11400
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Ticker: NasdaqGM:COGT
 
 
 
 
 
 
 
 
Cogint, Inc.
Cogint, Inc.
Cogint is a data and analytics company providing cloud-based, mission-critical information and performance marketing solutions to enterprises in a variety of industries. They transform data into intelligence utilizing their proprietary technology platforms to solve complex problems for clients.
year
2017
rev ($mm)
$210.16
EBITDA ($mm)
($14.55)
EBIT ($mm)
($28.45)
Net Income ($mm)
Employees
200
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Ticker: FDS
 
 
 
 
 
 
 
 
FactSet Research Systems Inc.
FactSet Research Systems Inc.
FactSet is a leading provider of financial information and analytics. More than 62,000 users stay ahead of global market trends, access extensive company and industry intelligence, and monitor performance with FactSet's desktop analytics, mobile applications, and comprehensive data feeds.
year
2021
rev ($mm)
$1,563.14
EBITDA ($mm)
$517.91
EBIT ($mm)
$453.44
Net Income ($mm)
$387.61
Employees
10713
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