M&A Deal Summary

nCino Acquires SimpleNexus

On November 16, 2021, nCino acquired software company SimpleNexus from TVC Capital for 1.2B USD

Acquisition Highlights
  • This is nCino’s 1st transaction in the Software sector.
  • This is nCino’s largest (disclosed) transaction.
  • This is nCino’s 2nd transaction in the United States.
  • This is nCino’s 2nd transaction in Utah.

M&A Deal Summary

Date 2021-11-16
Target SimpleNexus
Sector Software
Buyer(s) nCino
Sellers(s) TVC Capital
Deal Type Add-on Acquisition
Deal Value 1.2B USD
Advisor(s) Willkie Farr & Gallagher (Legal)

Target

SimpleNexus

Lehi, Utah, United States
website
SimpleNexus is a provider of productivity software for mortgage loan originators. SimpleNexus was founded in 2011 and is based in Lehi, Utah.

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Buyer(S) 1

Buyer

nCino

Wilmington, North Carolina, United States

website


Category Company
Founded 2011
Sector Internet Software and Services
Employees1,791
Revenue 408M USD (2023)
DESCRIPTION

nCino is a provider of cloud-banking services for the banking industry to enhance the customer experience for onboarding, loans, and deposits across all lines of business. Transforming how financial institutions operate through innovation, reputation, and speed nCino works with more than 1,100 financial institutions globally whose assets range in size from $30 million to $2 trillion. nCino was formed in 2011 and is based in Wilmington, North Carolina.


DEAL STATS #
Overall 2 of 2
Sector (Software) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Utah) 2 of 2
Country (United States) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-16 Visible Equity

Salt Lake City, Utah, United States

Visible Equity is a provider of analytics, data warehousing, and reporting that helps financial institutions identify, measure, and monitor risks and opportunities. Visible Equity is Based in Salt Lake City, Utah.

Buy -

Seller(S) 1

SELLER

TVC Capital

San Diego, California, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 2006
PE ASSETS 235M USD
Size Small
Type Sector Agnostic
DESCRIPTION

TVC Capital is a software-focused growth equity firm. TVC looks to invest in lower middle market software and software-enabled service firms in a variety of sub-sectors. Specific areas of interest include financial services, content/data management, predictive analysis, wireless, storage, internet, SaaS, digital media, and security. TVC will consider both later-stage investment situations as well as buyout, recapitalization, and restructuring transactions. TVC Capital was formed in 2006 and is based in San Diego, California.


DEAL STATS #
Overall 10 of 13
Sector (Software) 6 of 8
Type (Add-on Acquisition) 8 of 10
State (Utah) 1 of 1
Country (United States) 10 of 13
Year (2021) 2 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-05 Reach Engine

Denver, Colorado, United States

Reach Engine orchestrates the media production cycle for more than 70 enterprise media clients across media & entertainment, sports & live events, and the corporate media spaces. Reach Engine was formed in 2007 and is based in Denver, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-30 Spothopper

Milwaukee, Wisconsin, United States

Spothopper is an end-to-end digital presence and marketing suite for restaurants. The Company's platform offers the most immersive and engaging content management system for restaurants’ websites, which is surrounded by solutions for catering and private party management, online ordering, email, and social media marketing automation, loyalty programs, business analytics, and more. Spothopper was founded in 2015 and is based in Milwaukee, Wisconsin.

Buy -