M&A Deal Summary

FlexTrade Systems Acquires Derivix

On June 27, 2012, FlexTrade Systems acquired software company Derivix from Susquehanna Growth Equity

Acquisition Highlights
  • This is FlexTrade Systems’ 1st transaction in the Software sector.
  • This is FlexTrade Systems’ 1st transaction in the United States.
  • This is FlexTrade Systems’ 1st transaction in New York.

M&A Deal Summary

Date 2012-06-27
Target Derivix
Sector Software
Buyer(s) FlexTrade Systems
Sellers(s) Susquehanna Growth Equity
Deal Type Add-on Acquisition

Target

Derivix

New York, New York, United States
Derivix Corp. is a financial services software company providing options pricing, risk visualization, and analytics solutions to the industry options traders, sales traders, and hedge funds.

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Buyer(S) 1

Buyer

FlexTrade Systems

Great Neck, New York, United States

Category Company
Founded 1996
Sector Financial Services
DESCRIPTION

FlexTrade Systems, Inc. is a provider of high performance execution management and order management systems for equities, foreign exchange, options, futures and fixed income.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2012 M&A 1 of 1

Seller(S) 1

SELLER

Susquehanna Growth Equity

Bala Cynwyd, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2006
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Susquehanna Growth Equity (SGE) is the private equity arm of The Susquehanna International Group of Companies. SGE focuses on companies that help streamline payments and related transactions. This includes SaaS, payments and transaction processing, capital markets technology, and internet/information services. SGE looks to commit $10 to $200 million in companies with at least $5 million of revenue. The Firm will consider both control and minority positions and targets opportunities across North America, Europe, and Israel. SGE was established in 2006 and is headquartered in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 6 of 33
Sector: Software M&A 2 of 7
Type: Add-on Acquisition M&A Deals 5 of 21
State: New York M&A 4 of 8
Country: United States M&A 6 of 28
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 iCIMS

Holmdel, New Jersey, United States

iCIMS is a provider of cloud-based talent acquisition software to enable enterprises to attract, engage, hire and advance the best talent to build a diverse, winning workforce. iCIMS was formed in 1999 and is based in Holmdel, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Versafe

Tel Aviv, Israel

Versafe Ltd. is a provider of SaaS web anti-fraud, anti-phishing, and anti-malware solutions. Versafe’s platform enables organizations to proactively ensure the integrity of each online relationship, protecting users from the spectrum of malware and online threat types, across all devices, while being fully transparent to the end-user.

Buy -