M&A Deal Summary

NMI Acquires Agreement Express

On December 6, 2022, NMI acquired software company Agreement Express from Frontier Growth

Acquisition Highlights
  • This is NMI’s 3rd transaction in the Software sector.
  • This is NMI’s 1st transaction in Canada.
  • This is NMI’s 1st transaction in British Columbia.

M&A Deal Summary

Date 2022-12-06
Target Agreement Express
Sector Software
Buyer(s) NMI
Sellers(s) Frontier Growth
Deal Type Add-on Acquisition
Advisor(s) DecisionPoint Advisors (Financial)

Target

Agreement Express

Vancouver, British Columbia, Canada
Agreement Express is a client onboarding automation provider for financial services. The platform allows wealth management and payment companies to deliver a consistent customer application, approval, and onboarding experience across their product offerings & channels. Agreement Express was founded in 2001 and is based in Vancouver, British Columbia.

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Buyer(S) 1

Buyer

NMI

Schaumburg, Illinois, United States

Category Company
Founded 2001
Sector Information Technology
DESCRIPTION

NMI provides payments enablement technology that empowers ISOs, ISVs, VARs and payment facilitators to offer branded payment gateway services without building or maintaining their own technology. NMI enables critical payment functionality to affiliates and merchants with its white-labeled, security-focused, feature-rich, omni-channel platform. NMI was formed in 2001 and is based in Schaumburg, Illinois.


DEAL STATS #
Overall 4 of 5
Sector (Software) 3 of 3
Type (Add-on Acquisition) 4 of 4
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-18 IRIS CRM

Brooklyn, New York, United States

IRIS CRM is a merchant services CRM designed specifically for the unique needs and challenges of independent sales organizations (ISOs), payment facilitators, and their merchants. IRIS CRM provides reporting on more than 355,000 active merchants each month and offers payment processing organizations the ability to handle all of their merchant acquisition, onboarding, support, and residual income calculations through a single platform. IRIS CRM was founded in 2010 and is based in Brooklyn, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-12 Sphere Commercial Division

Nashville, Tennessee, United States

Sphere's Commercial Division provides underwriting and risk management services.

Buy -

Seller(S) 1

SELLER

Frontier Growth

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1999
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Frontier Capital LLC is a private investment firm that provides expansion capital to high-growth 'technology-enabled' business service companies generating revenues $8-$30 million. Frontier targets companies that utilize technology, an innovative business process, or a unique expertise to deliver a differentiated service to customers. Frontier typically invests throughout the Southeast and Mid-Atlantic regions of the US and looks to commit $10 to $50 million of equity capital per transaction. Investment proceeds are generally used for growth initiatives, acquisitions, or to provide shareholder liquidity. Frontier Capital was formed in 1999 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 37 of 38
Sector (Software) 6 of 6
Type (Add-on Acquisition) 22 of 23
State (British Columbia) 1 of 2
Country (Canada) 1 of 2
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-26 MediaRadar

New York, New York, United States

MediaRadar is an advertising intelligence company that offers a suite of tools that provides sales intelligence directly to media ad sales personnel and new business development executives at agencies. The company tailors its products to support broadcasters, dotcoms, ad tech companies, magazines, newspapers, and mobile media companies. MediaRadar was founded in 2007 and is based in New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-18 Accredible

Mountain View, California, United States

Accredible is a digital credentialing platform that securely issues, manages, tracks, and verifies over 75 million career-advancing credentials globally. Accredible is based in Mountain View, California.

Buy -