M&A Deal Summary

Capital Institutional Services Acquires Financial Technology Securities

On January 2, 2019, Capital Institutional Services acquired information technology company Financial Technology Securities from Innovest Systems

Acquisition Highlights
  • This is Capital Institutional Services’ 1st transaction in the Information Technology sector.
  • This is Capital Institutional Services’ 1st transaction in the United States.
  • This is Capital Institutional Services’ 1st transaction in Georgia.

M&A Deal Summary

Date 2019-01-02
Target Financial Technology Securities
Sector Information Technology
Buyer(s) Capital Institutional Services
Sellers(s) Innovest Systems
Deal Type Divestiture

Target

Financial Technology Securities

Atlanta, Georgia, United States
FinTech Securities provides streamlined equity, options, and fixed income trading solutions to institutional money managers throughout the United States. We stand by our principles of offering competitive rates, customized trading capabilities, and personalized attention. We offer a wide range of options to the professional portfolio manager including state-of-the-art trading technology, straight-through processing, and personalized knowledge of each institutional account.

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Buyer(S) 1

Buyer

Capital Institutional Services

Dallas, Texas, United States

Category Company
Founded 1977
Sector Information Technology
DESCRIPTION

Capital Institutional Services, Inc. (CAPIS) is a women-owned, independent U.S. institutional broker specializing in 24-hour global trading, independent research and commission management programs for asset managers, plan sponsors, and broker-dealers. Supported by advanced trading technology, CAPIS traders deliver superior execution in domestic and international equities, fixed income, derivatives and program trading. With over four decades of experience in the independent research and commission management business, the firm’s industry-leading CCA and CSA programs provide added tools for reducing transaction costs and improving performance.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Georgia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

Innovest Systems

New York City, New York, United States

Category Company
Sector Financial Services
DESCRIPTION

Innovest Systems LLC is a provider of benefit disbursements, tax reporting, and document printing solutions to the employee benefits industry. The company's innovative solutions include automating monthly payments to printing and mailing secure documents; and helps great companies improve operating efficiencies, increase customer satisfaction, and grow their business.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Georgia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1