Mitek - M&A Summary and Business Overview

SoftwareCompany

Mitek M&A Summary

Mitek has acquired 6 companies, including 2 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

Mitek’s largest acquisition to date was in 2022, when it acquired HooYu for $151M. Mitek has acquired in 2 different US states, and 5 countries. The Company’s most targeted sectors include software (67%) and internet software and services (34%).

Mitek Business Overview

Where is Mitek headquartered?

Mitek is headquartered in San Diego, California.

What is Mitek’s revenue?

Mitek disclosed revenue of 173M USD for 2023 and 145M USD for 2022.

How many employees does Mitek have?

Mitek has 573 employees.

What sector is Mitek in?

Mitek is a software company.

When was Mitek founded?

Mitek was founded in 1986.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity6
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 2
  • M&A Advisors 1

Mitek

Mitek Systems, Inc.

600 B Street Suite 100,
San Diego, California 92101
United States,
(619) 269-6800
www.miteksystems.com

Mitek is a provider of mobile capture and identity software solutions for customer acquisition. Mitek's patented mobile photo technology automatically captures images of financial and personal documents and then extracts relevant data. Mitek was founded in 1986 and is based in San Diego, California.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 4 - 1 1 - - 6
vol $63M $151M $214M
Sell (0.0/yr) # 1 - - - - - 1
  7

Most Recent M&A

Company Date Value Type
HooYu Ltd. 2022-03-23 151M GBP Add-on Acquisition
London, United Kingdom · www.hooyu.com
ID R&D, Inc. 2021-06-01 - Add-on Acquisition
New York, New York · www.idrnd.ai
A2iA SA 2018-05-23 48M EUR Add-on Acquisition
Paris, France · www.a2ia.com
ICAR 2017-10-16 15M USD Add-on Acquisition
Barcelona, Spain · www.icarvision.com
ID Checker.NL B.V. 2015-06-17 - Add-on Acquisition
Haarlem, Netherlands · www.idchecker.com
Kova Solutions LLC 2013-10-10 - Add-on Acquisition
Woburn, Massachusetts · www.kovasolutions.com
Mitek Systems - Fax Products Division 1998-02-03 - Divestiture
, United States
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 4 (67%) 63M (29%) - -
Internet Software and Services 2 (33%) 151M (71%) - -
Information Technology - - 1 (100%) -
Total 6 $214M 1 -

By Geo

State/Country Buy Value Sell Value
United States 2 - 1 -
  New York 1 - - -
  Massachusetts 1 - - -
France 1 48M - -
Netherlands 1 - - -
Spain 1 15M - -
United Kingdom 1 151M - -
Domestic 2 (33%) - 1 (100%) -
Cross-border 4 (67%) 214M (100%) - -
Total 6 $214M 1 -

Top M&A Advisors

Financial Deals
Jefferies
 1

Deal Values

buy # Total
$100M to $1B 1 $151M
< $100M 2 $63M
TOTAL $214M
Largest HooYu Ltd.
$151M (2022-03-23)

M&A Connections

Deals
Acquired from
Investor(s)
17%
1 (17%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Software

Revenue

173   20% 2023
145   21% 2022
120   19% 2021
101   19% 2020
85   33% 2019
64   43% 2018
45   29% 2017
35   40% 2016
25   32% 2015
19   29% 2014
15   65% 2013
9   2012
(millions of USD) Show More Show Less

Employees

573

Established

1986

Public

NASDAQ: MITK

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