Add-on Acquisition • Software

Finastra Acquires Sophis

On March 1, 2011, Finastra acquired software company Sophis from Advent International for 593M USD

Acquisition Context
  • This is Finastra’s 1st transaction in the Software sector.
  • This is Finastra’s 2nd largest (disclosed) transaction.
  • This is Finastra’s 1st transaction in the United States.
  • This is Finastra’s 1st transaction in New York.

Explore All 10284 Add-on Acquisition Software Deals - Search the Database Free


M&A Deal Summary

Date March 1, 2011
Target Sophis
Sector Software
Buyer(s) Finastra
Sellers(s) Advent International
Deal Type Add-on Acquisition
Deal Value 593M USD

Target Company

Sophis

New York, New York, United States
Sophis is a provider of portfolio and risk management software for financial institutions.
Explore More Deals

Browse All 215,130 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

Finastra

London, United Kingdom

Category Company
Sector Software
DESCRIPTION

Finastra is a financial services technology company providing a broad portfolio of banking, capital markets, investment management and risk solutions to the financial services industry. The Company’s corporate banking, retail banking, investment management, managed services, and treasury and capital markets solutions enable customers in financial services to deploy mission-critical technology that allow them to improve operations and mitigate risks. Finastra serves more than 9,000 customers in 130 countries, including 48 of the top 50 banks globally. Finastra was formed in 2017 and is based in London, England.


Deal Context for Buyer #
Overall 2 of 7
Sector: Software 1 of 2
Type: Add-on Acquisition 2 of 6
State: New York 1 of 1
Country: United States 1 of 3
Year: 2011 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-18 Misys Healthcare

United States

Misys Healthcare LLC is a provider of application software and services to the healthcare industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-10 IND Group

Stuttgart, Germany

IND Group is a leading innovator providing online banking, mobile banking and PFM solutions with usability by design.

Buy -

Seller Profile 1

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


Deal Context for Seller #
Overall 118 of 236
Sector: Software 5 of 10
Type: Add-on Acquisition 48 of 87
State: New York 7 of 7
Country: United States 45 of 86
Year: 2011 4 of 11
Size (of disclosed) 31 of 56
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-01 International Meal Company

Sao Paulo, Brazil

International Meal Company is a multi-brand, quick casual restaurant chain in Latin America. IMC currently has over 10,000 employees located in several segments, including shopping malls, commercial centers, highways, hospitals, airports, and catering. International Meal Company was founded in 1965 and is based in Sao Paulo, Brazil.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-10 ISIDA

Ukraine

ISIDA is a comprehensive obstetric and gynecological clinic that unites a hospital and three outpatient polyclinic centers. ISIDA clinics specialize in the treatment of infertility, obstetrics, gynecology, mammology, and pediatrics up to 18 years of age. ISIDA was founded in 1994 and is based in Ukraine.

Buy -