M&A Deal Summary

Social Finance Acquires Technisys

On February 22, 2022, Social Finance acquired software company Technisys from Riverwood Capital for 1.1B USD

Acquisition Highlights
  • This is Social Finance’s 1st transaction in the Software sector.
  • This is Social Finance’s 2nd largest (disclosed) transaction.
  • This is Social Finance’s 3rd transaction in the United States.
  • This is Social Finance’s 1st transaction in Florida.

M&A Deal Summary
Date 2022-02-22
Target Technisys
Sector Software
Buyer(s) Social Finance
Sellers(s) Riverwood Capital
Deal Type Add-on Acquisition
Deal Value 1.1B USD

Target

Technisys

Miami, Florida, United States
website
Technisys is a provider of digital core and omnichannel banking software and related services to over 40 financial institutions across North and South America. Technisys was established in 1995 and is based in Miami, Florida.

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Buyer(S) 1

Buyer

Social Finance

San Francisco, California, United States

website

Category Company
Founded 2011
Sector Financial Services
DESCRIPTION

Social Finance, Inc. (dba SoFi) is a finance company taking a radical approach to lending and wealth management. From unprecedented products and tools to faster service and open conversations, we’re all about helping our members get ahead and find success.

DEAL STATS #
Overall 3 of 3
Sector (Software) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Florida) 1 of 1
Country (United States) 3 of 3
Year (2022) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-07 Galileo Financial Technologies

Salt Lake City, Utah, United States

Galileo Financial Technologies, Inc. is a financial services API and payments platform provider for fintech, financial services, and investment firms. Galileo Financial Technologies is based in Salt Lake City, Utah.

Buy $1.2B

Seller(S) 1

SELLER

Riverwood Capital

Menlo Park, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2008
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Riverwood Capital is a tech-focused on private equity firm. Riverwood will consider investment opportunities across North and South America and looks for situations where the firm can commit $25 to $125 per transaction. Prospective transaction situations include growth capital financings, carve-outs, consolidations, and buyouts. Specific areas of interest include IT, communications, technology hardware, electronics, software, and digital media. Riverwood Capital was formed in 2008 and is based in Menlo Park, California.

DEAL STATS #
Overall 23 of 24
Sector (Software) 6 of 6
Type (Add-on Acquisition) 10 of 11
State (Florida) 2 of 2
Country (United States) 17 of 17
Year (2022) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-27 Grupo Navent

Buenos Aires, Argentina

Grupo Navent is an online real estate and jobs classifieds company in Latin America. Its holdings include Imovelweb, an online real estate board in Brazil, Bumeran, a pan-regional job listing board in Latin America, and a number of other related online properties. Grupo Navent was founded in 1999 and is based in Buenos Aires, Argentina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-20 GoIntegro

Ciudad de Buenos Aires, Argentina

GoIntegro is a human resource SaaS provider to businesses in Latin America. GoIntegro creates loyalty programs to help businesses develop relationships with employees, channel partners, and customers, improving their engagement, motivation and performance. GoIntegro’s platform combines software delivered as a service and transactional systems, to create valuable relationships between a company and its employees, customers, trade channels and sale forces. GoIntegro was founded in 2002 and is based in Ciudad de Buenos Aires, Argentina.

Sell -
Mergr

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