M&A Deal Summary

Interactive Brokers Acquires Covestor

On April 23, 2015, Interactive Brokers acquired internet software and services company Covestor

Acquisition Highlights
  • This is Interactive Brokers’ 1st transaction in the Internet Software and Services sector.
  • This is Interactive Brokers’ 1st transaction in the United States.
  • This is Interactive Brokers’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2015-04-23
Target Covestor
Sector Internet Software and Services
Buyer(s) Interactive Brokers
Deal Type Add-on Acquisition

Target

Covestor

Boston, Massachusetts, United States
Covestor, Inc. is a provider of online investment marketplace.

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Buyer(S) 1

Buyer

Interactive Brokers

Greenwich, Connecticut, United States

Category Company
Founded 1977
Sector Financial Services
Employees2,998
Revenue 9.3B USD (2024)
DESCRIPTION

Interactive Brokers is an automated global electronic broker specializes in catering to financial professionals by offering state-of-the-art trading technology, superior execution capabilities, worldwide electronic access, and sophisticated risk management tools at exceptionally low costs. Interactive Brokers was founded in 1977 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1