Divestiture • Software

Accenture Acquires Zafin Labs Technologies - Select Professional Services Assets

On December 12, 2018, Accenture acquired software company Zafin Labs Technologies - Select Professional Services Assets from Zafin Labs Technologies

Acquisition Context
  • This is Accenture’s 26th transaction in the Software sector.
  • This is Accenture’s 3rd transaction in Canada.
  • This is Accenture’s 2nd transaction in Ontario.

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M&A Deal Summary

Date December 12, 2018
Target Zafin Labs Technologies - Select Professional Services Assets
Sector Software
Buyer(s) Accenture
Sellers(s) Zafin Labs Technologies
Deal Type Divestiture

Target Company

Zafin Labs Technologies - Select Professional Services Assets

Ottawa, Ontario, Canada
Zafin Labs Technologies Ltd. - Select Professional Services Assets help power pricing, product and customer strategies for many of the world’s largest financial institutions, providing essential new capabilities along with their digital transformation and modernization journeys.
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Buyer Overview 1

Buyer

Accenture

Dublin, Ireland

Category Company
Founded 1951
Sector Business Services
Employees791,000
Revenue 64.9B USD (2024)
DESCRIPTION

Accenture is a global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining experience and specialized skills across more than 40 industries and all business functions, Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. Accenture was founded in 1951 and is based in Dublin, Ireland.


Deal Context for Buyer #
Overall 138 of 358
Sector: Software 26 of 39
Type: Divestiture 17 of 29
State: Ontario 2 of 9
Country: Canada 3 of 14
Year: 2018 18 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-12 Adaptly

New York, New York, United States

Adaptly, Inc. is a social media ad buying company that is revolutionizing social web advertising by offering agencies a unified buying platform across all social networks. We also help you harness the unique value of each social network in order to increase social engagement. Founded in 2010, Adaptly is headquartered in New York City with nearly 150 employees and has additional offices in Chicago, London, and Los Angeles.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-20 Knowledgent Group

New York, New York, United States

Knowledgent Group, Inc. is a data intelligence company, expanding its data management capabilities that help companies gain deep insights into their businesses and customers, creating a strong competitive advantage. Knowledgent Group, Inc. was founded in 2009 and is based in New York City.

Buy -

Seller Profile 1

SELLER

Zafin Labs Technologies

Vancouver, British Columbia, Canada

Category Company
Founded 2002
Sector Software
Employees700
DESCRIPTION

Zafin Labs Technologies is a provider of relationship banking software solutions to financial services providers worldwide. Company technology platform, miRevenue, was built from the ground up for banking, enabling customer-centric product innovations that drive revenue, transparency and operational efficiency across the customer lifecycle. Zafin Labs Technologies was founded in 2002 and is based in Vancouver, British Columbia.


Deal Context for Seller #
Overall 1 of 2
Sector: Software 1 of 1
Type: Divestiture 1 of 2
State: Ontario 1 of 1
Country: Canada 1 of 2
Year: 2018 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-24 FINCAD

Surrey, British Columbia, Canada

FINCAD is a provider of enterprise portfolio and risk analytics for multi-asset derivatives and fixed income. FINCAD's advanced analytics, flexible architecture, and patented technology enable financial institutions to make better investment and risk decisions. FINCAD's goal is to provide clients with solutions that help them achieve their goals, with no compromises. Clients include leading global asset managers, hedge funds, insurance companies, pension funds, banks, and auditors. FINCAD was founded in 1990 and is based in Surrey, British Columbia.

Buy -

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