M&A Deal Summary

Corlytics Acquires ING - SparQ

On January 25, 2023, Corlytics acquired software company ING - SparQ from ING Groep for 5M EUR

Acquisition Highlights
  • This is Corlytics’ 1st transaction in the Software sector.
  • This is Corlytics’ largest (disclosed) transaction.
  • This is Corlytics’ 1st transaction in the Netherlands.

M&A Deal Summary
Date 2023-01-25
Target ING - SparQ
Sector Software
Buyer(s) Corlytics
Sellers(s) ING Groep
Deal Type Divestiture
Deal Value 5M EUR

Target

ING - SparQ

Amsterdam, Netherlands
ING's SparQ is a regulatory monitoring platform allows financial services organisations to identify new regulations or threats, construct robust controls around monitoring and oversight, and ensure appropriate policies are in place, end-to-end. NG's SparQ was founded in 2017 and is based in Amsterdam, Netherlands.

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Buyer(S) 1

Buyer

Corlytics

Dublin, Ireland

website

Category Company
Founded 2013
Sector Business Services
DESCRIPTION

Corlytics combine technology with deep legal and industry expertise. Corlytics' data science technology combines supervised statistical learning methods with novel linguistic feature engineering techniques using natural language processing. Corlytics analyse the flow of information from regulators, government bodies and other sources worldwide and identify emerging themes. Corlytics was founded in 2013 and is based in Dublin, Ireland.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
Country (Netherlands) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

ING Groep

Amsterdam, Netherlands

website

Category Company
Founded 1762
Sector Financial Services
Employees57,000
Revenue 18.3B USD (2021)
DESCRIPTION
ING branch in central Barcelona.
ING branch in central Barcelona.

ING Groep is a diversified financial services company offering banking, investment, life insurance, and retirement services products and services. ING has operations throughout Europe, North America, and Asia. ING Groep was founded in 1762 and is based in Amsterdam, the Netherlands.

DEAL STATS #
Overall 11 of 11
Sector (Software) 1 of 1
Type (Divestiture) 10 of 10
Country (Netherlands) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-20 ING Employee Benefits Global Network

Brussels, Belgium

ING Employee Benefits Global Network is a network of insurance companies working together to provide multinational employers and their employees with the best possible employee benefit solutions worldwide.

Sell -
Mergr

Product

Company

Legal