M&A Deals

Avaloq and Raiffeisen Switzerland Enhance Their Partnership

Avaloq and Raiffeisen Switzerland are enhancing the way they cooperate and are changing their collaboration into a long-term client-supplier relationship. In line with this, Warburg Pincus is to acquire Raiffeisen’s 10% stake in Avaloq. In addition, Avaloq has reached an agreement in principle to acquire the remaining 51% of the joint venture ARIZON from Raiffeisen Switzerland as per 1 January 2019 and assuming full ownership in Arizon.... more Read more »

PayPal Sells US Consumer Loans to Synchrony Financial

PayPal Holdings, Inc. and Synchrony Financial  announced an agreement to significantly expand their strategic consumer credit relationship. Under the terms of the transaction, Synchrony Financial will acquire $6.8 billion in receivables, including PayPal’s U.S. consumer credit receivables portfolio, which totaled approximately $5.8 billion in receivables as of October 31, 2017, and approximately $1 billion in participation interests in... more Read more »

Ingenico finalizes Bambora acquisition

Ingenico Group, the global leader in seamless payment, today announced the closing of Bambora’s acquisition, after obtaining approval from the relevant regulatory and antitrust authorities. The acquisition of this fast-growing player in payment services represents a key milestone in Ingenico Group’s strategy as it: Read more »

AbacusNext Expands Technology-as-a-Service Platform with Acquisition of HotDocs

AbacusNext®, the largest Technology-as-a- Service (TaaS) provider for the professional services industry, is pleased to announce the acquisition of HotDocs, the global leader in document automation. Read more »

Elastic Acquires SaaS Site Search Leader Swiftype

Elastic, the company behind Elasticsearch, and the Elastic Stack, the most widely-used collection of open source products for solving mission-critical use cases like search, logging, and analytics, today announced that it has acquired Swiftype, a San Francisco-based startup founded in 2012 and backed by Y Combinator and New Enterprise Associates (NEA). Read more »

Verint Expands Automation Capabilities with Completed Acquisition of eg Solutions

Verint® Systems Inc. has completed its acquisition of eg Solutions plc, further expanding automation within its customer engagement portfolio. Read more »

Verint Expands Automation Capabilities with Completed Acquisition of eg Solutions

 Verint® Systems Inc. (Nasdaq: VRNT) has completed its acquisition of eg Solutions plc (AIM: EGS), further expanding automation within its customer engagement portfolio. Read more »

Synopsys to Enhance Software Integrity Platform with Acquisition of Black Duck Software

Synopsys, Inc. (Nasdaq: SNPS) and Black Duck Software have signed a definitive agreement for Synopsys to acquire privately held Black Duck, a leader in automated solutions for securing and managing open source software. The addition of Black Duck’s highly respected Software Composition Analysis solution will enhance Synopsys’ efforts in the software security market by broadening its product offering and expanding its customer reach. Read more »

TCF Bank Signs Definitive Agreement to Acquire Rubicon Mortgage Advisors

TCF National Bank (TCF Bank), a subsidiary of TCF Financial Corporation (TCF) (NYSE: TCF), today announced that it has signed a definitive agreement to acquire Rubicon Mortgage Advisors, LLC (Rubicon), a residential mortgage lender with offices in Minnesota and North Dakota and licenses to operate in South Dakota, Wisconsin, Colorado and California. Financial terms of the agreement were not disclosed and the transaction is expected to close... more Read more »

OTC Market Leaders OnGuard and Credit Tools Merge to Become Onguard

At the end of last year OnGuard and Credit Tools, two leading credit management software suppliers, announced that they were merging. The company that has resulted from this merger is called Onguard, a pioneering FinTech company which acts as a strategic partner for clients throughout the entire order to cash process. With a fresh focus on innovation, Onguard is ready to make big steps in achieving worldwide ambitions. Read more »

Barings Supports New Mountain Capital Investment in DRB Systems

Barings, one of the world's leading asset management firms, announced today that it served as a Joint Lead Arranger on a Senior Secured Credit Facility to support New Mountain Capital's acquisition of DRB Systems LLC. Founded in 1984 and based in Akron, Ohio, DRB Systems is the leading provider of turnkey technology solutions used to enhance the operational efficiency of car wash sites across the U.S. Read more »

Calligo Acquires Canadian-based Cloud Services Business

Calligo, a leading global cloud solution provider, is excited to announce that it has purchased Canadian cloud services provider 3 Peaks Inc.     The acquisition of the Burlington Ontario and Vancouver BC based business, which has clients right across Canada and the USA, is an important step in Calligo’s ongoing growth strategy which includes expansion into North America.     Read more »

Mitek Acquires ICAR, Strengthing Its Position As A Global Leader In Digital Identity Verification

Mitek (NASDAQ: MITK, www.miteksystems.com), a global leader in mobile capture and digital identity verification software solutions, today announced that it has acquired ICAR, a leading provider of consumer identity verification solutions in Spain and Latin America, for an aggregate purchase price of up to €12.75 million (~US$15.0 million) paid in a combination of cash and shares of Mitek common stock. Read more »

CACI Adds Extensive Mobile Capabilities To Its Portfolio With Spargonet Acquisition

CACI Limited, a major provider of a diverse range of information systems and marketing solutions to organisations in both the private and public sectors, has acquired UK IT services specialist Spargonet Consulting Limited, a company with 20 years of industry experience. The acquisition marks another step for CACI in establishing its full scope of marketing solutions and IT services by adding Spargonet’s extensive capabilities in application... more Read more »

IRIS Software Group Acquires ParentMail to Extend Education Software Portfolio

Today, UK business critical software provider, IRIS Software Group, has announced the acquisition of school communication and payment collection software provider, ParentMail. The acquisition extends IRIS’s education software portfolio, building on its strategy to provide an end-to-end solution for managing finance, income, assets and communications. Read more »

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