M&A Deal Summary

Envestnet Acquires Tamarac

On February 16, 2012, Envestnet acquired software company Tamarac for 54M USD

Acquisition Highlights
  • This is Envestnet’s 1st transaction in the Software sector.
  • This is Envestnet’s 4th largest (disclosed) transaction.
  • This is Envestnet’s 2nd transaction in the United States.
  • This is Envestnet’s 1st transaction in Washington.

M&A Deal Summary
Date 2012-02-16
Target Tamarac
Sector Software
Buyer(s) Envestnet
Deal Type Add-on Acquisition
Deal Value 54M USD

Target

Tamarac

Seattle, Washington, United States
Tamarac, Inc. is a provider of an integrated, web-based suite of portfolio and client management software for independent advisors and wealth managers.

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Buyer(S) 1

Buyer

Envestnet

Berwyn, Pennsylvania, United States
Category Company
Founded 1999
Sector Software
Revenue 1.2B USD (2023)
DESCRIPTION

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 2 of 15
Sector (Software) 1 of 5
Type (Add-on Acquisition) 1 of 12
State (Washington) 1 of 1
Country (United States) 2 of 15
Year (2012) 1 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-05 FundQuest

United States

FundQuest, Inc. is a provider of provider of managed account programs, overlay portfolio management, mutual funds, institutional asset management, and investment consulting to RIAs, independent advisors, broker-dealers, banks, and trust organizations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-05 Prima Capital Holding

Denver, Colorado, United States

Prima Capital Holding, Inc. is a provider of investment manager due diligence, research applications, asset allocation modeling and multi-manager portfolios to the wealth management and retirement industries.

Buy -
Mergr

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