M&A Deal Summary

Bloomberg Acquires Broadway Technology

On March 13, 2023, Bloomberg acquired information technology company Broadway Technology from ION Group

Acquisition Highlights
  • This is Bloomberg’s 4th transaction in the Information Technology sector.
  • This is Bloomberg’s 6th transaction in the United States.
  • This is Bloomberg’s 4th transaction in New York.

M&A Deal Summary
Date 2023-03-13
Target Broadway Technology
Sector Information Technology
Buyer(s) Bloomberg
Sellers(s) ION Group
Deal Type Divestiture
Advisor(s) Broadhaven Capital Partners LLC (Financial)

Target

Broadway Technology

New York, New York, United States
Broadway Technology is a provider of high-performance fintech solutions and infrastructure to top global, regional and national banks; brokers; and the buy-side. Founded in 2003 by experts in enterprise software and quantitative trading, Broadway has employees worldwide with offices in New York, Austin, London, and Waterloo. Broadway's solutions handle over $100 trillion of trading volumes annually within the fixed income and foreign exchange markets. Broadway Technology was founded in 2003 and is based in New York.

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Buyer(S) 1

Buyer

Bloomberg

New York, New York, United States
Category Company
Founded 1982
Sector Information Services
DESCRIPTION

Bloomberg is a financial technology firm that supplies data, reports and analytics services to clients worldwide. Bloomberg's media services cover the world with more than 2,200 news and multimedia professionals at 146 bureaus in 72 countries.

DEAL STATS #
Overall 10 of 10
Sector (Information Technology) 4 of 4
Type (Divestiture) 3 of 3
State (New York) 4 of 4
Country (United States) 6 of 6
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 Geller

New York, New York, United States

Geller & Co. and its subsidiary, Geller Advisors LLC provide individuals, families, business owners, institutions, and non-profits with strategic financial advisory and wealth management services. These services, delivered by 325 professionals post transaction, include CFO, financial, tax and estate planning, investment management, philanthropic giving, and technology. Geller Advisors is a multi-family office that has more than $9 billion of assets under management and advisement. Geller & Co. is based in New York, New York.

Buy -

Seller(S) 1

SELLER

ION Group

Dublin, Ireland
Category Company
Founded 1998
Sector Software
DESCRIPTION

ION provides mission-critical trading and workflow automation software solutions to financial institutions, central banks, governments and corporations. The Company's proprietary software offers a flexible, open, customizable and cost-effective trading solutions that provides real-time integration of market data with internal systems. ION Group was founded in 1998 and is based in Dublin, Ireland.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-10 Clarus Financial Technology

London, United Kingdom

Clarus Financial Technology is a provider of SaaS analytics, data, and research for global derivatives markets. Clarus’ data provides transparency into the trading of derivatives, covering Exchanges, Clearing Houses, Execution Venues, and Trade Repositories. Clarus Financial Technology is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-11 Prelios

Milan, Italy

Prelios is a European provider of alternative asset management and specialized real estate services. Its unique services cover every part of the real estate life cycle: asset management, investment management, due diligence, real estate advisory, valuation of individual properties and real estate asset portfolios, building, project and property management, real estate brokerage, investment funds and distressed asset management. Prelios was formed in 1990 and is based in Milan, Italy.

Buy €1.4B
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