M&A Deal Summary

D+H Acquires Mortgagebot

On April 12, 2011, D+H acquired software company Mortgagebot from Spectrum Equity for 232M USD

Acquisition Highlights
  • This is D+H’s 1st transaction in the Software sector.
  • This is D+H’s 2nd largest (disclosed) transaction.
  • This is D+H’s 1st transaction in the United States.
  • This is D+H’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2011-04-12
Target Mortgagebot
Sector Software
Buyer(s) D+H
Sellers(s) Spectrum Equity
Deal Type Add-on Acquisition
Deal Value 232M USD

Target

Mortgagebot

Mequon, Wisconsin, United States
Mortgagebot LLC provides software that enables banks and credit unions to market and process mortgage applications online. The company's software is delivered as a hosted service priced on a recurring monthly basis.

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Buyer(S) 1

Buyer

D+H

Toronto, Ontario, Canada

Category Company
Founded 1875
Sector Information Technology
Employees5,500
Revenue 1.7B CAD (2016)
DESCRIPTION

DH Corp. is a financial technology provider that the world's financial institutions rely on every day to help them grow and succeed. Company global payments, lending and financial solutions are trusted by nearly 8,000 banks, specialty lenders, community banks, credit unions, governments and corporations. Headquartered in Toronto, Canada.


DEAL STATS #
Overall 3 of 4
Sector (Software) 1 of 2
Type (Add-on Acquisition) 3 of 4
State (Wisconsin) 1 of 1
Country (United States) 1 of 2
Year (2011) 2 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-18 ASSET

Toronto, Ontario, Canada

ASSET Inc. is a provider of technology based asset recovery and insolvency management solutions to the Canadian financial services industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-10 Millennium Process Group

Toronto, Ontario, Canada

Millennium Process Group, Inc. is a provider of contact center, credit card, and back office and administration services to Canadian organizations primarily in the financial services, insurance, and retail sectors. Merchants, which is part of Dimension Data’s CX and Digital Workplace practice is one of South Africa’s leading customer management outsourcing solution providers that designs, builds, and operates contact centers across the globe.

Sell -

Seller(S) 1

SELLER

Spectrum Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 8.2B USD
Size Mega
Type Sector Focused
DESCRIPTION

Spectrum Equity Management L.P. is a private equity investor focused on service businesses. Spectrum specifically targets established businesses in the media, communications, IT, information, and business services industries. The Firm looks to commit $25 to $150 million of equity capital per transaction and focuses on opportunities throughout North America and Western Europe. Prospective transaction situations include leveraged buyouts, recapitalizations, acquisition financings, and secondary purchases. Spectrum Equity Investors was formed in 1994 and has offices in Boston, Massachusetts and Menlo Park, California.


DEAL STATS #
Overall 26 of 76
Sector (Software) 3 of 12
Type (Add-on Acquisition) 17 of 45
State (Wisconsin) 1 of 1
Country (United States) 25 of 67
Year (2011) 3 of 7
Size (of disclosed) 23 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-06 Pictometry International

Rochester, New York, United States

Pictometry is a provider of geo-referenced aerial, oblique image libraries and related software. The company uses a proprietary image capture and processing technology to produce Pictometry Intelligent Images®, a database of aerial imagery of unsurpassed resolution and quality.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-16 World-Check

London, United Kingdom

World-Check Limited is a provider of risk-related intelligence to the private sector. The company maintains a global database of potential high risk individuals including money launderers, terrorists, fraudsters, and politically exposed persons as well as information on known associates, legal entities and corporations

Sell -