Investment Summary

Great Hill Partners Exits BillMatrix

On August 15, 2005, Fiserv invested in internet software and services company BillMatrix from Great Hill Partners for 355M USD

Investment Highlights
  • This is Fiserv’s 1st transaction in the Internet Software and Services sector.
  • This is Fiserv’s 7th largest (disclosed) transaction.
  • This is Fiserv’s 8th transaction in the United States.
  • This is Fiserv’s 2nd transaction in Texas.

Investment Summary

Date 2005-08-15
Target BillMatrix
Sector Internet Software and Services
Investor(s) Fiserv
Sellers(s) Great Hill Partners
Deal Type Add-on Acquisition
Deal Value 355M USD
Advisor(s) Lane, Berry & Co. International LLC (Financial)
Jackson Walker (Legal)

Target

BillMatrix

Dallas, Texas, United States
BillMatrix Corp. is a provider of outsourced electronic bill payment services. BillMatrix provides comprehensive electronic bill payment solutions and services over the telephone and internet. It provides a business-to-business service, which allows businesses to offer consumers of their products and services the ability to securely and efficiently pay recurring bills, such as monthly cellular, utility, and insurance bills.

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Investor(S) 1

Investor

Fiserv

Milwaukee, Wisconsin, United States

Category Company
Founded 1984
Sector Information Technology
Employees42,000
Revenue 20.5B USD (2024)
DESCRIPTION
Fiserv's corporate headquarters in Brookfield, Wisconsin.
Fiserv's corporate headquarters in Brookfield, Wisconsin.

Fiserv provides information management and electronic commerce systems for the financial services industry, offering integrated technology and services that create value and results for clients. Clients include banks, credit unions, and thrifts, billers, mortgage lenders and leasing companies, brokerage, and investment firms. Fiserv was founded in 1984 and is based in Milwaukee, Wisconsin.


DEAL STATS #
Overall 8 of 46
Sector: Internet Software and Services M&A 1 of 8
Type: Add-on Acquisition M&A Deals 8 of 40
State: Texas M&A 2 of 4
Country: United States M&A 8 of 40
Year: 2005 M&A 5 of 7
Size (of disclosed) 7 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-06 Administrative Services Group

Lexington, Kentucky, United States

Administrative Services Group, Inc. is an employee benefits plan administrator.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-31 VerticalPoint

Colorado Springs, Colorado, United States

VerticalPoint, Inc., a provider of underwriting software to the life and health insurance market. VerticalPoint, based in Colorado Springs, Colo., provides new business and underwriting software and consulting services to a diverse insurance industry clientele across both the United States and Canada. VerticalPoint's LifeSuite™, the company's automated underwriting system, is marketed both as a traditional licensed product, and as an ASP offering.

Buy -

Seller(S) 1

SELLER

Great Hill Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 12.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Great Hill Partners is a private equity firm focused on growth equity and recapitalization investments in well established public and private companies valued put to $1 billion. Great Hill targets companies within consumer services, business services, financial technology, healthcare, internet, logistics, media, communications, technology services, software and transaction processing. The Firm invests in the range of $25 to $500 million per transaction. Great Hill prefers companies located in the US, but will also consider opportunities in Europe and Latin America. Great Hill Partners was formed in 1998 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 5 of 64
Sector: Internet Software and Services M&A 1 of 25
Type: Add-on Acquisition M&A Deals 4 of 40
State: Texas M&A 1 of 4
Country: United States M&A 5 of 54
Year: 2005 M&A 2 of 4
Size (of disclosed) 17 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-15 Global Tower Partners

Boca Raton, Florida, United States

Global Tower operates wireless communication towers.Global Tower Management, LLC (d/b/a Global Tower Partners, "GTP") is a leading operator of communications towers and related wireless infrastructure. Including the acquisition of Dobson Communication's tower assets, the company owns approximately 1,125 towers and manages over 3,000 rooftop sites.

Sell $225M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-08 IGN Entertainment

San Francisco, California, United States

IGN Entertainment is an Internet media and services company focused on the video game and entertainment enthusiast markets, attracting more than 28 million unique monthly users. The company's network of videogame-related properties (IGN.com, GameSpy, FilePlanet, TeamXbox, Direct2Drive and others), is the web's number one video game information destination and attracts one of the largest concentrated audiences of young males on the Internet.

Sell $650M