M&A Deal Summary

Empower Acquires OptionTrax

On September 23, 2024, Empower acquired software company OptionTrax

Acquisition Highlights
  • This is Empower’s 1st transaction in the Software sector.
  • This is Empower’s 1st transaction in the United States.
  • This is Empower’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2024-09-23
Target OptionTrax
Sector Software
Buyer(s) Empower
Deal Type Add-on Acquisition
Advisor(s) Troutman Pepper Hamilton Sanders (Legal)

Target

OptionTrax

West Conshohocken, Pennsylvania, United States
OptionTrax is an equity plan and securities tracking software platform. The OptionTrax platform caters to both private and public companies, offering features like real-time tracking of equity plans, automated workflows, and robust reporting capabilities. OptionTrax was formed in 1992 and is headquartered in West Conshohocken, Pennsylvania.

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Buyer(S) 1

Buyer

Empower

United States
Category Company
Founded 2014
Sector Business Services
DESCRIPTION

Empower is a provider of retirement plans, advice, wealth management, and investments. The Company serves all segments of the defined contribution plan market and provides services to plans of all sizes, including private-label recordkeeping clients.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Mergr

Product

Company

Legal