Update: Fintech M&A, circa 2013
From Berkery Noyes, an independent iBank with some great industry data, comes an update on mergers and acquisition activity in the fintech space. Q3 2013 KEY TRENDS
- Total transaction volume in Q3 2013 increased by 21 percent over Q2 2013, from 77 to 93.
- Total transaction value in Q3 2013 rose by 55 percent over Q2 2013, from $5.5 billion to $8.5 billion.
Q3 2013 KEY HIGHLIGHTS
- Davis + Henderson’s acquisition of Harland Financial Solutions, a provider of software and services to fi nancial institutions, was the largest transaction in Q3 2013, with an acquisition price of $1.6 billion.
- The industry’s most active acquirer year-to-date was Thomson Reuters with nine transactions. Five of these occurred in Q3 2013: BondDesk Group LLC, Bisk CPE and CPA Test Prep Division from Bisk Education, Inc., Omnesys Technologies, SigmaGen