M&A Deal Summary

Metavante Acquires VECTORsgi

On November 23, 2004, Metavante acquired financial services company VECTORsgi from Thoma Bravo

Acquisition Highlights
  • This is Metavante’s 1st transaction in the Financial Services sector.
  • This is Metavante’s 1st transaction in the United States.
  • This is Metavante’s 1st transaction in Texas.

M&A Deal Summary

Date 2004-11-23
Target VECTORsgi
Sector Financial Services
Buyer(s) Metavante
Sellers(s) Thoma Bravo
Deal Type Add-on Acquisition

Target

VECTORsgi

Addison, Texas, United States
Formerly the Banking Systems Division of Sterling Commerce, VECTORsgi is a leading provider of financial transaction processing, electronic payments, image exchange, item processing, dispute resolution, and e-commerce solutions for financial institutions. VECTORsgi was sold by a Thoma Bravo predecessor firm to Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI), in November 2004. The company now operates as the VECTORsgi division of Metavante Image Solutions.

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Buyer(S) 1

Buyer

Metavante

Milwaukee, Wisconsin, United States

Category Company
Founded 1964
Sector Information Technology
DESCRIPTION

Metavante Corp. is a financial services technology company providing integrated banking and payments products and services to banks, retailers, healthcare providers and government entities. Metavante provides core processing technology to run bank operations including account processing for deposit, loan and trust systems, e-banking, risk and compliance and commercial treasury.


DEAL STATS #
Overall 1 of 5
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 4
State: Texas M&A 1 of 2
Country: United States M&A 1 of 5
Year: 2004 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-29 Prime Associates

Clark, New Jersey, United States

Prime Associates, Inc. is a international provider of software, data and services that address the regulatory and compliance mandate of financial institutions. Prime Associates's Compliance Manager™ provides a complete suite of state-of-the-art solutions for Anti Money Laundering, FAC and Sanctioned Parties, Enhanced Due Diligence, Bank Secrecy Act and other regulations to the financial community.

Buy -

Seller(S) 1

SELLER

Thoma Bravo

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thoma Bravo is a private equity firm that primarily invests in or acquires US-based middle-market businesses. While Thoma Bravo will consider a variety of transaction situations, including take-privates, buyouts, carve-outs, recapitalizations, and growth equity financings, the Firm has a special interest in tech consolidation opportunities. Target companies generally have a history of profitability with EBITDA of at least $20 million. The Firm's equity commitment size range is $100 to $750 million. Sectors of interest include enterprise and infrastructure software, education, distribution, financial services and consumer goods/services. The Firm will not invest in new inventions or technologies, developmental products or services, start-ups, biotech, motion pictures, distressed businesses, oil/gas, or real estate. Thoma Bravo was formerly known as Thoma Cressey Bravo and before that Golder Thoma & Co. The Firm was originally formed in 1980 and is based in Chicago, Illinois.


DEAL STATS #
Overall 2 of 85
Sector: Financial Services M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 37
State: Texas M&A 1 of 13
Country: United States M&A 2 of 79
Year: 2004 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-14 LECG

Devon, Pennsylvania, United States

LECG Corp. is a Global expert services and consulting firm providing independent expert testimony, accounting, tax, technology, compensation and benefits, and financial advisory services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-05 Datatel

Fairfax, Virginia, United States

Datatel has focused exclusively on helping colleges and universities manage their business processes. Datatel today provides fully integrated enterprise information management software solutions to more than 600 colleges, universities and other higher education institutions serving almost 4 million students

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