M&A Deal Summary |
|
|---|---|
| Date | 2017-09-25 |
| Target | FolioDynamix |
| Sector | Internet Software and Services |
| Buyer(s) | Envestnet |
| Sellers(s) | Actua |
| Deal Type | Divestiture |
| Deal Value | 195M USD |
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Envestnet is a provider of technology-enabled products and services for financial advisors. The company's technology enhances advisor productivity and strengthens the wealth management process. It empowers enterprises and advisors to more fully understand their clients and deliver better outcomes. Envestnet was founded in 1999 and is based in Berwyn, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 15 |
| Sector (Internet Software and Services) | 2 of 2 |
| Type (Divestiture) | 2 of 3 |
| State (New York) | 1 of 1 |
| Country (United States) | 9 of 15 |
| Year (2017) | 1 of 1 |
| Size (of disclosed) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-10-10 |
Wheelhouse Analytics
West Chester, Pennsylvania, United States Wheelhouse Analytics LLC is a technology company that provides data analytics, mobile sales solutions, and online education tools to financial advisors, asset managers and enterprises. Wheelhouse Analytics has created a set of solutions that empower financial services firms with tools to extract key business insights to run their business better and provide timely and focused support to advisors. Wheelhouse Analytics' innovative dashboards deliver segmentation analytics, multi-dimensional benchmarking, and practice pattern analyses that provide mission-critical insights to asset managers, enterprises and advisors. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-01-24 |
Abe AI
Orlando, Florida, United States Abe AI creates relevant, convenient, and proactive conversational banking experiences in all voice & messaging channels. We empower financial institutions to utilize the latest advancements in artificial intelligence (AI) to support, engage and acquire customers on conversational interfaces like Amazon Alexa, Google Home, Facebook Messenger, SMS and more. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1996 |
| Sector | Internet Software and Services |
Actua is a multi-vertical cloud company that brings the power of the cloud to vertical markets and processes. Actua is pioneering the second wave of the SaaS revolution – the vertical wave – by growing cloud businesses that are transforming their markets. With approximately 700 employees delivering unrivaled domain knowledge, agility, and responsiveness to customers, Actua’s rapidly growing vertical cloud businesses are positioned to lead this wave. Actua was originally established in 1996 and is based in Radnor, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector (Internet Software and Services) | 2 of 2 |
| Type (Divestiture) | 4 of 4 |
| State (New York) | 2 of 2 |
| Country (United States) | 4 of 4 |
| Year (2017) | 3 of 3 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-09-25 |
VelocityEHS
Chicago, Illinois, United States VelocityEHS is a provider of environmental, health and safety (EHS) management software and related content that helps organisations comply with a wide range of laws. Velocity’s business is comprised of two distinct offerings: its chemicals management programme enables safety managers to comply with regulations pertaining to the management of hazardous chemicals in the workplace. VelocityEHS was founded in 1996 and is based in Chicago, Illinois. |
Sell | - |
