IRESS - M&A Summary and Business Overview

SoftwareCompany

IRESS M&A Summary

IRESS has acquired 17 companies, including 2 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 2 assets.

IRESS’s largest acquisition to date was in 2013, when it acquired Avelo FS for $323M. IRESS has acquired in 5 countries. The Company’s most targeted sectors include software (71%) and information technology (12%).

IRESS Business Overview

Where is IRESS headquartered?

IRESS is headquartered in Melbourne, Australia.

What is IRESS’s revenue?

IRESS disclosed revenue of 626M AUD for 2023 and 618M AUD for 2022.

How many employees does IRESS have?

IRESS has 1,900 employees.

What sector is IRESS in?

IRESS is a software company.

When was IRESS founded?

IRESS was founded in 1993 .

M&A Summary

  • M&A Total Activity19
    • M&A Buy Activity17
    • M&A Sell Activity2
  • Total Sectors Invested 5
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 4
  • M&A Advisors 2

IRESS

IRESS Ltd.

385 Bourke Street Level 16,
Melbourne, VIC 3000
Australia,
61 3 9018 5800
www.iress.com

IRESS is an Australian software company specialising in the development of software systems and services for financial markets and wealth management. IRESS was founded in 1993 and is based in Melbourne, Australia.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 16 1 - - - - 17
vol $841M $82M $923M
Sell (0.2/yr) # 1 - - - 1 - 2
  19

Most Recent M&A

Company Date Value Type
Iress - Managed Funds Administration Business 2023-08-20 - Divestiture
Melbourne, Australia
OneVue Holdings Ltd. 2020-11-06 82M AUD Add-on Acquisition
Sydney, Australia · www.onevue.com.au
Quant House SAS 2019-06-08 44M EUR Add-on Acquisition
Paris, France · www.quanthouse.com
Financial Synergy Pty Ltd. 2016-09-26 64M AUD Add-on Acquisition
Melbourne, Australia · www.financialsynergy.com.au
INET BFA Pty Ltd. 2016-09-13 11M ZAR Divestiture
Johannesburg, South Africa · www.inetbfa.com
Proquote Ltd. 2015-10-30 - Divestiture
London, United Kingdom · www.proquote.com
Pulse Software Systems Ltd. 2015-10-30 - Add-on Acquisition
Bookham, United Kingdom · www.pulsesoftware.co.uk
INNERGI Pty Ltd. 2015-07-01 - Add-on Acquisition
Newcastle, Australia · www.innergi.com.au
VisiPlan Pty Ltd 2013-12-31 - Bankruptcy
Melbourne, Australia
Avelo FS Holdings Ltd. 2013-08-07 323M GBP Add-on Acquisition
Warwick, United Kingdom
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 12 (71%) 769M (83%) 1 (50%) -
Information Technology 2 (12%) 110M (12%) - -
Financial Services 1 (6%) 44M (5%) - -
Information Services 1 (6%) - - -
Internet Software and Services 1 (6%) - - -
Business Services - - 1 (50%) -
Total 17 $923M 2 -

By Geo

State/Country Buy Value Sell Value
Australia 8 187M 2 -
United Kingdom 4 647M - -
South Africa 3 45M - -
France 1 44M - -
Singapore 1 - - -
Domestic 8 (47%) 187M (20%) 2 (100%) -
Cross-border 9 (53%) 736M (80%) - -
Total 17 $923M 2 -

Top M&A Advisors

Financial Deals
Goldman Sachs
 1
Legal Deals
King & Wood Mallesons
 2

Deal Values

buy # Total
$100M to $1B 2 $647M
< $100M 8 $276M
TOTAL $923M
Largest Avelo FS Ltd.
$323M (2013-08-05)

M&A Connections

Deals
Acquired from
Investor(s)
18%
3 (18%)
Strategic(s)
12%
2 (12%)
Divested to
Strategic(s)
50%
1 (50%)

Company Summary

SECTOR

Software

Revenue

626   2% 2023
618   4% 2022
596   10% 2021
543   7% 2020
509   10% 2019
465   9% 2018
430   11% 2017
390   9% 2016
361   10% 2015
329   2014
(millions of AUD) Show More Show Less

Employees

1,900

Established

1993

Public

Australia (ASX): IRE

Former Name

IRESS Market Technology Ltd.

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