Mitek - M&A Summary and Business Overview

SoftwareCompany

Mitek M&A Summary

Mitek has acquired 6 companies, including 2 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

Mitek’s largest acquisition to date was in 2022, when it acquired HooYu for $151M. Mitek has acquired in 2 different US states, and 5 countries. The Company’s most targeted sectors include software (67%) and internet software and services (34%).

Mitek Business Overview

Where is Mitek headquartered?

Mitek is headquartered in San Diego, California.

What is Mitek’s revenue?

Mitek disclosed revenue of 120M USD for 2021 and 101M USD for 2020.

How many employees does Mitek have?

Mitek has 435 employees.

What sector is Mitek in?

Mitek is a software company.

When was Mitek founded?

Mitek was founded in 1986.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity6
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 2
  • M&A Advisors 1

Mitek

Mitek Systems, Inc.

600 B Street Suite 100,
San Diego, California 92101
United States,
(619) 269-6800
www.miteksystems.com

Mitek is a provider of mobile capture and identity software solutions for customer acquisition. Mitek's patented mobile photo technology automatically captures images of financial and personal documents and then extracts relevant data. Mitek was founded in 1986 and is based in San Diego, California.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 4 - 1 1 - - 6
vol $63M $151M $214M
Sell (0.0/yr) # 1 - - - - - 1
  7

Most Recent M&A

Company Date Value Type
HooYu Ltd. 2022-03-23 151M GBP Add-on Acquisition
London, United Kingdom · www.hooyu.com
ID R&D, Inc. 2021-06-01 - Add-on Acquisition
New York, New York · www.idrnd.ai
A2iA SA 2018-05-23 48M EUR Add-on Acquisition
Paris, France · www.a2ia.com
ICAR 2017-10-16 15M USD Add-on Acquisition
Barcelona, Spain · www.icarvision.com
ID Checker.NL B.V. 2015-06-17 - Add-on Acquisition
Haarlem, Netherlands · www.idchecker.com
Kova Solutions LLC 2013-10-10 - Add-on Acquisition
Woburn, Massachusetts · www.kovasolutions.com
Mitek Systems - Fax Products Division 1998-02-03 - Divestiture
, United States
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 4 (67%) 63M (29%) - -
Internet Software and Services 2 (33%) 151M (71%) - -
Information Technology - - 1 (100%) -
Total 6 $214M 1 -

By Geo

State/Country Buy Value Sell Value
United States 2 - 1 -
  New York 1 - - -
  Massachusetts 1 - - -
France 1 48M - -
Netherlands 1 - - -
Spain 1 15M - -
United Kingdom 1 151M - -
Domestic 2 (33%) - 1 (100%) -
Cross-border 4 (67%) 214M (100%) - -
Total 6 $214M 1 -

Top M&A Advisors

Financial Deals
Jefferies
 1

Deal Values

buy # Total
$100M to $1B 1 $151M
< $100M 2 $63M
TOTAL $214M
Largest HooYu Ltd.
$151M (2022-03-23)

M&A Connections

Deals
Acquired from
Investor(s)
17%
1 (17%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Software

Revenue

120   19% 2021
101   19% 2020
85   33% 2019
64   43% 2018
45   29% 2017
35   40% 2016
25   32% 2015
19   29% 2014
15   65% 2013
9   2012
(millions of USD) Show More Show Less

Employees

435

Established

1986

Public

NASDAQ: MITK

 Subscribe to unlock this and 202,314
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 194K M&A Transactions
  • 198K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 75K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Related Lists for Mitek

California Companies , Software Companies , United States Companies , California Software Companies , California Software with Acquisitions , California Software with Divestitures

Related Lists for California Companies

Largest California Companies , Acquisitive California Companies , Recently Acquired California Companies , Recently Sold California Companies , Private California Companies , Public California Companies , Acquired California Companies , PE Backed California Companies

Related Lists for Software Companies

Largest Software Companies , Acquisitive Software Companies , Recently Acquired Software Companies , Recently Sold Software Companies , Private Software Companies , Public Software Companies , Acquired Software Companies , PE Backed Software Companies

Related Lists for United States Companies

Largest United States Companies , Acquisitive United States Companies , Recently Acquired United States Companies , Recently Sold United States Companies , Private United States Companies , Public United States Companies , Acquired United States Companies , PE Backed United States Companies
Mergr

Product

Company

Legal