M&A Deal Summary

Fundtech Acquires Accountis Europe

On February 7, 2008, Fundtech acquired information technology company Accountis Europe for 4M GBP

Acquisition Highlights
  • This is Fundtech’s 1st transaction in the Information Technology sector.
  • This is Fundtech’s 0th largest (disclosed) transaction.
  • This is Fundtech’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2008-02-07
Target Accountis Europe
Sector Information Technology
Buyer(s) Fundtech
Deal Type Add-on Acquisition
Deal Value 4M GBP

Target

Accountis Europe

United Kingdom
website
Accountis Europe Ltd. is a provider of secure financial document exchange and payment systems to companies globally.

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Buyer(S) 1

Buyer

Fundtech

Jersey City, New Hampshire, United States

website

Category Company
Founded 1993
Sector Software
Employees1,300
Revenue 200M USD (2010)
DESCRIPTION

Fundtech Ltd. is a provider of transaction banking software and services to financial institutions and corporations worldwide. The Company offers SaaS and license-based solutions which facilitate electronic corporate payments and bank-to-bank payment transactions.

DEAL STATS #
Overall 1 of 2
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2008) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-30 BankServ

Las Vegas, Nevada, United States

BankServ develops SaaS-based payment systems used by banks and corporations to transfer money quickly and efficiently around the world. The company’s product lineup includes systems for wire transfers, SWIFT messaging and connectivity, remote deposit capture, online payments, mobile banking and more. Headquartered in Las Vegas, BankServ has offices in San Francisco, Salt Lake City and London.

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