Add-on Acquisition • Internet Software and Services

ION Group Acquires Patsystems

On February 20, 2012, ION Group acquired internet software and services company Patsystems

Acquisition Context
  • This is ION Group’s 1st transaction in the Internet Software and Services sector.
  • This is ION Group’s 2nd transaction in the United Kingdom.

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M&A Deal Summary

Date February 20, 2012
Target Patsystems
Sector Internet Software and Services
Buyer(s) ION Group
Deal Type Add-on Acquisition

Target Company

Patsystems

London, United Kingdom
Patsystems plc is a provider of high-performance electronic trading and exchange systems, comprehensive risk management tools and connectivity to global markets from a single screen.
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Buyer Overview 1

Buyer

ION Group

Dublin, Ireland

Category Company
Founded 1998
Sector Software
DESCRIPTION

ION provides mission-critical trading and workflow automation software solutions to financial institutions, central banks, governments and corporations. The Company's proprietary software offers a flexible, open, customizable and cost-effective trading solutions that provides real-time integration of market data with internal systems. ION Group was founded in 1998 and is based in Dublin, Ireland.


Deal Context for Buyer #
Overall 2 of 17
Sector: Internet Software and Services 1 of 4
Type: Add-on Acquisition 2 of 17
Country: United Kingdom 2 of 7
Year: 2012 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-24 Rolfe & Nolan

London, United Kingdom

Rolfe & Nolan is a supplier of software to the futures and options industry. It supports over 250 bank, brokerage and exchange clients in 20 countries. Its software has become mission critical to its customers, enabling them to trade through the global derivative exchanges.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-10 Financial Software Systems

Horsham, Pennsylvania, United States

Financial Software Systems is a financial risk-management software and consulting firm headquartered in Horsham, Pennsylvania USA, with sales and support offices in London, Miami, San Francisco, Guayaquil, Singapore, Hong Kong and Hyderabad.

Buy -