M&A Deal Summary |
|
|---|---|
| Date | 2023-01-25 |
| Target | ING - SparQ |
| Sector | Software |
| Buyer(s) | Corlytics |
| Sellers(s) | ING Groep |
| Deal Type | Divestiture |
| Deal Value | 5M EUR |
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Corlytics combine technology with deep legal and industry expertise. Corlytics' data science technology combines supervised statistical learning methods with novel linguistic feature engineering techniques using natural language processing. Corlytics analyse the flow of information from regulators, government bodies and other sources worldwide and identify emerging themes. Corlytics was founded in 2013 and is based in Dublin, Ireland.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 3 |
| Sector: Software M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 2 |
| Country: Netherlands M&A | 1 of 1 |
| Year: 2023 M&A | 1 of 2 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-07-04 |
ClauseMatch
London, United Kingdom ClauseMatch is a collaboration platform that applies machine learning to help compliance, legal, finance, operations and risk departments automate impact assessment and collaborate effectively throughout the entire implementation process. It ensures compliance, reduces costs, demonstrates compliance to regulators and speeds up implementation. ClauseMatch was founded in 2012 and is based in London, United Kingdom. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1762 |
| Sector | Financial Services |
| Employees | 60,000 |
| Revenue | 22.5B USD (2024) |
ING Groep is a diversified financial services company offering banking, investment, life insurance, and retirement services products and services. ING has operations throughout Europe, North America, and Asia. ING Groep was founded in 1762 and is based in Amsterdam, Netherlands.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 13 |
| Sector: Software M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 10 of 12 |
| Country: Netherlands M&A | 1 of 2 |
| Year: 2023 M&A | 1 of 1 |
| Size (of disclosed) | 7 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-05-20 |
ING Employee Benefits Global Network
Brussels, Belgium ING Employee Benefits Global Network is a network of insurance companies working together to provide multinational employers and their employees with the best possible employee benefit solutions worldwide. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-01-16 |
CoorpID
Amsterdam, Netherlands CoorpID allows global banks to automate outreach and gather private KYC data directly from corporate banking customers, providing a repository that allows the corporate to manage all their banking relationships. For large multinationals, the platform makes it easy to store and structure KYC company documents and enables sharing with banks and business partners. CoorpID was founded in 2018 and is based in Amsterdam, Netherlands. |
Sell | - |
