M&A Deal Summary

cleversoft Acquires BusinessForensics BV

On September 30, 2020, cleversoft acquired information technology company BusinessForensics BV

Acquisition Highlights
  • This is cleversoft’s 1st transaction in the Information Technology sector.
  • This is cleversoft’s 2nd transaction in the Netherlands.

M&A Deal Summary

Date 2020-09-30
Target BusinessForensics BV
Sector Information Technology
Buyer(s) cleversoft
Deal Type Add-on Acquisition

Target

BusinessForensics BV

The Hague, Netherlands
BusinessForensics BV provides proprietary financial and economic crime prevention solutions to banks, financial institutions, and insurance companies. BusinessForensics BV was established in 2010 and is based in The Hague, Netherlands.

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Buyer(S) 1

Buyer

cleversoft

Munich, Germany

Category Company
Founded 2004
Sector Internet Software and Services
DESCRIPTION

cleversoft is a provider of cloud-based RegTech services for financial service providers. The company delivers digital solutions and services to more than 1,000 financial institutions worldwide to optimize compliance-related business processes, from data management to the calculation of regulatory data and the production of required documents and reports including marketing materials such as SFDR, MIFID II, 6AMLD, Solvency II, IFRS 17, PRIIPs and IORP and more. It also focuses on the Financial Crime Prevention sector, which was expanded through the acquisition of the specialized provider CDDS in July 2021. cleversoft was founded in 2004 and is based in Munich, Germany.


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Netherlands M&A 2 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-06 SecondFloor

Schiphol-Rijk, Netherlands

SecondFloor is a provider of innovative compliance and risk management software with a focus on the insurance sector. SecondFloor was founded in 2005 and is based in Schiphol-Rijk, Netherlands.

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