M&A Deal Summary

IRESS Acquires Peresys

On January 20, 2011, IRESS acquired information technology company Peresys from Horizon Equity Partners for 375M ZAR

Acquisition Highlights
  • This is IRESS’s 1st transaction in the Information Technology sector.
  • This is IRESS’s 7th largest (disclosed) transaction.
  • This is IRESS’s 2nd transaction in South Africa.

M&A Deal Summary
Date 2011-01-20
Target Peresys
Sector Information Technology
Buyer(s) IRESS
Sellers(s) Horizon Equity Partners
Deal Type Add-on Acquisition
Deal Value 375M ZAR

Target

Peresys

Johannesburg, South Africa
Peresys (Pty) Ltd. provides technology solutions for the financial markets. It specializes in the delivery of FIX enabled applications and services for the buy and sell sides.

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Buyer(S) 1

Buyer

IRESS

Melbourne, Australia

website

Category Company
Founded 1993
Sector Software
Employees2,272
Revenue 618M AUD (2022)
DESCRIPTION

IRESS is an Australian software company specialising in the development of software systems and services for financial markets and wealth management. IRESS was founded in 1993 and is based in Melbourne, Australia.

DEAL STATS #
Overall 8 of 17
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 8 of 15
Country (South Africa) 2 of 3
Year (2011) 1 of 1
Size (of disclosed) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-18 SENTRYi Pte

Singapore

SENTRYi is an independent software provider, based in Singapore, which develops, distributes and supports its investment planning tools designed for the Asian marketplace.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-05 Avelo FS

Warwick, United Kingdom

Avelo provides a market integrated suite of technology solutions, software and consultancy to the financial services industry throughout the UK.

Buy £210M

Seller(S) 1

SELLER

Horizon Equity Partners

Johannesburg, South Africa

Investor Investor

website

Category Private Equity Firm
Founded 1996
PE ASSETS 457M ZAR
Size Small
Type Sector Agnostic
DESCRIPTION

Horizon Equity Partners is a private equity firm focused on buyout, growth capital, and recapitalization investments. The Firm does not have any sector preferences and will consider opportunities throughout South Africa. Horizon Equity Partners was formed in 1996 and is based in Sandton.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (South Africa) 2 of 2
Year (2011) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-23 MediKredit Integrated Healthcare Solutions

Johannesburg, South Africa

MediKredit Integrated Healthcare Solutions (Pty) Ltd. is a provider of software & services for healthcare claims switching, adjudication and management.

Sell R74M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Dynamic Fibre Moulding

Mandeni, South Africa

DFM (Dynamic Fibre Moulding) is situated in Mandeni, an industrialised area in the heart of Zululand on KwaZulu-Natal’s North Coast. The company was established in November / December 1993 and started trading in August 1994 and is the result of an entrepreneur’s vision and an increased demand for moulded fibre products.

Buy -
Mergr

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