M&A Deal Summary

Glory Acquires Flooid

On December 26, 2023, Glory acquired software company Flooid from Inflexion

Acquisition Highlights
  • This is Glory’s 2nd transaction in the Software sector.
  • This is Glory’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2023-12-26
Target Flooid
Sector Software
Buyer(s) Glory
Sellers(s) Inflexion
Deal Type Add-on Acquisition

Target

Flooid

Coventry, United Kingdom
Flooid is a provider of point-of-sale (POS) software for major retailers such as Walgreens, John Lewis and Arcadia Group. Flooid offers an integrated unified commerce platform for retail selling points for in-store (POS, self-checkout, self-scan) or cloud-hosted environments (eCommerce, mobile). This software is paramount in the digital retail environment creating a seamless shopping experience for customers regardless of their location and facilitating ‘on-the-go’ retail transactions. Flooid was founded in 1982 and is based in Coventry, United Kingdom.

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Buyer(S) 1

Buyer

Glory

Basingstoke, United Kingdom

Category Company
Sector Information Technology
DESCRIPTION

Glory is a provider of IT secure cash management solutions that provide the financial, retail, QSR, cash center, and gaming industries with confidence that their cash is protected and always working to help build a stronger business. Glory cash automation technologies and process engineering services help businesses in more than 100 countries optimize the handling, movement, and management of cash. Glory is based in Basingstoke, United Kingdom.


DEAL STATS #
Overall 9 of 9
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 6 of 6
Country: United Kingdom M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-29 Revolution Retail Systems

Carrollton, Texas, United States

Revolution Retail Systems engages in the design of cash management solutions for the broad retail marketplace. This unique focus has led to the deployment of equipment into hotels, universities, big-box retail, grocery, casinos, airports, and truck stops nationally and internationally. Revolution Retail Systems is based in Carrollton, Texas.

Buy -

Seller(S) 1

SELLER

Inflexion

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 10.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

Inflexion is a private equity firm that specializes in investments in UK-based founder and family-owned businesses. Broad areas of interest include consumer products/services, business services, healthcare, industrials, technology, and financial services. The Firm's target investment size is £10 to £500 million. Inflexion was formed in 1999 and is based in London.


DEAL STATS #
Overall 58 of 63
Sector: Software M&A 4 of 5
Type: Add-on Acquisition M&A Deals 26 of 31
Country: United Kingdom M&A 57 of 62
Year: 2023 M&A 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-21 GlobalData - Healthcare business

London, United Kingdom

GlobalData's Healthcare business is a subscription service healthcare data platform.

Buy £434M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-01 Village Vets

Dunboyne, Ireland

Village Vets is an independent group of veterinary practices in the Republic of Ireland. Village Vets was founded in 1980 and is based in Dunboyne, Ireland.

Buy -