M&A Deal Summary

Financeware Acquires QUODD Financial Information Services

On March 5, 2019, Financeware acquired information services company QUODD Financial Information Services

Acquisition Highlights
  • This is Financeware’s 1st transaction in the Information Services sector.
  • This is Financeware’s 3rd transaction in the United States.
  • This is Financeware’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2019-03-05
Target QUODD Financial Information Services
Sector Information Services
Buyer(s) Financeware
Deal Type Add-on Acquisition

Target

QUODD Financial Information Services

Jersey City, New Jersey, United States
QUODD Financial Information Services, Inc. is a provider of financial market data and information analysis tools for the wealth management industry. QUODD Financial Information Services is based in Jersey City, New Jersey.

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Buyer(S) 1

Buyer

Financeware

West Chester, Pennsylvania, United States
Category Company
Sector Financial Services
DESCRIPTION

Financeware is a platform focused exclusively on tech infrastructure of the wealth management industry. Financeware was born of a need to connect winning solutions to the fast-moving targets, partners and market opportunities playing out across the entire wealth scape. Financeware is based in West Chester, Pennsylvania.

DEAL STATS #
Overall 3 of 3
Sector (Information Services) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (New Jersey) 1 of 1
Country (United States) 3 of 3
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Vertical Management Systems

Pasadena, California, United States

Vertical Management Systems, is a provider of data, financial networking, and account aggregation technology. For nearly 25 years, VMS has designed, developed and hosted accounting and securities process-and-control solutions for the largest financial institutions in the United States. VMS’s three core products include its retirement platform, Retirement Revolution, a leading supplier of next-generation retirement solutions; Mutual Fund Desk (MFD), a mutual fund process-and-control platform; and Specialized Information Services (SIS), a comprehensive source of customized and audited financial data. Vertical Management Systems was founded in 1992 and is based in Pasadena, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-04 VMS Hub

Jersey, New Jersey, United States

VMS Hub is a robust workflow automation solution used by industry-leading recordkeepers to modernize trade processing with the NSCC, sub-custodian(s), or directly with the fund managers, while reducing the need for manual adjustments, minimizing errors, and providing greater transparency around fees. VMS Hub is based in Jersey, New Jersey.

Sell -
Mergr

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Company

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