Divestiture • Information Technology

Covisum Acquires PrairieSmarts - Risk Tools

On February 21, 2017, Covisum acquired information technology company PrairieSmarts - Risk Tools from PrairieSmarts

Acquisition Context
  • This is Covisum’s 1st transaction in the Information Technology sector.
  • This is Covisum’s 1st transaction in the United States.
  • This is Covisum’s 1st transaction in Nebraska.

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M&A Deal Summary

Date February 21, 2017
Target PrairieSmarts - Risk Tools
Sector Information Technology
Buyer(s) Covisum
Sellers(s) PrairieSmarts
Deal Type Divestiture

Target Company

PrairieSmarts - Risk Tools

Omaha, Nebraska, United States
PrairieSmarts LLC - Risk Tools is a provider of an advanced risk management platform for financial services professional.
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Buyer Overview 1

Buyer

Covisum

Omaha, Nebraska, United States

Category Company
Sector Business Services
DESCRIPTION

Covisum is a provider of software, training and support to deliver retirement income plans that improve the lives of clients by facilitating better retirement decisions.


Deal Context for Buyer #
Overall 1 of 1
Sector: Information Technology 1 of 1
Type: Divestiture 1 of 1
State: Nebraska 1 of 1
Country: United States 1 of 1
Year: 2017 1 of 1

Seller Profile 1

SELLER

PrairieSmarts

Omaha, Nebraska, United States

Category Company
Sector Information Technology
DESCRIPTION

PrairieSmarts LLC is a provider of an advanced and digestible insights into financial risk using some of the world’s best risk algorithms.


Deal Context for Seller #
Overall 1 of 1
Sector: Information Technology 1 of 1
Type: Divestiture 1 of 1
State: Nebraska 1 of 1
Country: United States 1 of 1
Year: 2017 1 of 1