Merger • Information Technology

Fundtech Acquires BankServ

On November 30, 2011, Fundtech acquired information technology company BankServ from GTCR

Acquisition Context
  • This is Fundtech’s 2nd transaction in the Information Technology sector.
  • This is Fundtech’s 1st transaction in the United States.
  • This is Fundtech’s 1st transaction in Nevada.

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M&A Deal Summary

Date November 30, 2011
Target BankServ
Sector Information Technology
Buyer(s) Fundtech
Sellers(s) GTCR
Deal Type Merger

Target Company

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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Buyer Overview 1

Buyer

Fundtech

Jersey City, New Hampshire, United States

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 Context for Buyer #
Overall 2 of 2
Sector: Information Technology 2 of 2
Type: Merger 1 of 1
State: Nevada 1 of 1
Country: United States 1 of 1
Year: 2011 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-07 Accountis Europe

United Kingdom

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

Buy £4M

Seller Profile 1

SELLER

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.


Deal Context for Seller #
Overall 33 of 89
Sector: Information Technology 5 of 10
Type: Merger 1 of 4
State: Nevada 1 of 1
Country: United States 33 of 84
Year: 2011 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-29 Graceway Pharmaceuticals

Bristol, Tennessee, United States

Graceway Pharmaceuticals, Inc. (Graceway), headquartered in Bristol, Tennessee, is a pharmaceutical company focused on acquiring, in-licensing, and developing branded prescription pharmaceutical products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-11 Kepro

Nashville, Tennessee, United States

Kepro is a quality improvement and care management organization that offers innovative and outcomes-focused solutions to reduce the utilization of healthcare resources and optimize the quality of care for government and private sector clients. Kepro's comprehensive, member-centric care management solutions go far beyond traditional utilization and case management by coordinating the care provided to members with acute, chronic and complex conditions across the continuum, and identifying members who are at the highest risk for future services but have not yet had an acute event. Kepro was founded in 1985 and is based in Nashville, Tennessee.

Sell USD228M