M&A Deal Summary

Thomson Reuters Acquires Pondera Solutions

On March 19, 2020, Thomson Reuters acquired information technology company Pondera Solutions from Serent Capital

Acquisition Highlights
  • This is Thomson Reuters’ 12th transaction in the Information Technology sector.
  • This is Thomson Reuters’ 30th transaction in the United States.
  • This is Thomson Reuters’ 3rd transaction in California.

M&A Deal Summary

Date 2020-03-19
Target Pondera Solutions
Sector Information Technology
Buyer(s) Thomson Reuters
Sellers(s) Serent Capital
Deal Type Add-on Acquisition

Target

Pondera Solutions

Folsom, California, United States
Pondera Solutions is a software solution for combatting fraud, waste, and abuse in large government programs. Pondera Solutions leverages advanced predictive algorithms and the power of cloud computing. Their core solution, Fraud Detection as a Service (FDaaS®), helps clients to detect and analyze claims, payments, and program participants, quickly sifting through massive data sets to identify and alert agencies to problems that require follow-up investigation. Pondera Solutions was founded in 2011 and is based in Folsom, California.

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Buyer(S) 1

Buyer

Thomson Reuters

Toronto, Ontario, Canada

Category Company
Founded 1851
Sector Information Services
Employees25,600
Revenue 6.8B USD (2023)
DESCRIPTION
Thomson Reuters' office in Eagan, Minnesota.
Thomson Reuters' office in Eagan, Minnesota.

Thomson Reuters is an information source for businesses and professionals. Thomson Reuters delivers information to decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs people and operates in over 100 countries. Thomson Reuters was originally incorporated in 1851 and is headquartered in Toronto, Ontario.


DEAL STATS #
Overall 51 of 56
Sector (Information Technology) 12 of 12
Type (Add-on Acquisition) 45 of 49
State (California) 3 of 5
Country (United States) 30 of 32
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-18 Thomson Reuters - Tax & Accounting Professionals Government business

Toronto, Ontario, Canada

Thomson Reuters Corp's Tax & Accounting Professionals Government business is a provider of software and services for governments. The software manages the entire property life cycle, which includes land registry, cadastral mapping, deed recording, land records, GIS (Geographic Information System) integration, valuation, assessment administration, personal property, business licenses, cashiering, tax billing and collection, delinquents and tax sales, and e-government.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-26 myPay Solutions

Ann Arbor, Michigan, United States

myPay Solutions is an online payroll processing service designed to empower CPAs. The company provides comprehensive outsourced payroll and associated banking and tax services via CPA firms to small and medium-sized businesses across all 50 states in the United States. myPay Solutions is based in Ann Arbor, Michigan.

Sell -

Seller(S) 1

SELLER

Serent Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2008
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Serent Capital is a private equity firm focused on investing in profitable, growing businesses featuring scalable business models and operating in sectors undergoing significant change. Serent looks for companies with $5 to $100 million in growing annual sales where it can commit $20 to $200 million of capital. Target transaction situations include buyouts, recapitalizations, and growth financings. Serent Capital was formed in 2008 and is based in San Francisco, California.


DEAL STATS #
Overall 12 of 24
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 10 of 20
State (California) 1 of 2
Country (United States) 12 of 23
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-16 SHR

Houston, Texas, United States

SHR provides meaningful technology that helps hotels execute their best revenue-generation strategies. The company serves thousands of properties around the globe with an evolving suite of AI-driven solutions, ranging from high-level distribution to intricate guest management. In addition, it offers Revenue Management for Hire to brands, chains, and management companies. SHR was founded in 2012 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-19 Landscape Management Software

Markham, Ontario, Canada

Landscape Management Software is a B2B landscape business management software company. Landscape Management Software was founded in 2009 and is based in Markham, Ontario.

Buy -