M&A Deal Summary

InvestCloud Acquires Babel Systems

On January 9, 2017, InvestCloud acquired internet software and services company Babel Systems for 20M USD

Acquisition Highlights
  • This is InvestCloud’s 1st transaction in the Internet Software and Services sector.
  • This is InvestCloud’s 2nd largest (disclosed) transaction.
  • This is InvestCloud’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2017-01-09
Target Babel Systems
Sector Internet Software and Services
Buyer(s) InvestCloud
Deal Type Add-on Acquisition
Deal Value 20M USD

Target

Babel Systems

Benfleet, United Kingdom
Babel Systems Ltd. is a trade processing and accounting platform for online trading providers including stockbrokers and wealth managers.

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Buyer(S) 1

Buyer

InvestCloud

West Hollywood, California, United States

Category Company
Founded 2010
Sector Internet Software and Services
DESCRIPTION

InvestCloud is a global company specializing in digital platforms that enable the development of financial solutions, pre-integrated into the Cloud. The company offers on-demand client experiences and intuitive operations solutions using an ever-expanding library of modular apps, resulting in powerful products. InvestCloud has over 20 global offices including New York, London, Geneva, Singapore, and Sydney, supporting trillions in assets across hundreds of diverse clients – from the largest banks in the world to wealth managers, asset managers, and asset services companies. InvestCloud was founded in 2010 and is based in West Hollywood, California.


DEAL STATS #
Overall 1 of 5
Sector (Internet Software and Services) 1 of 3
Type (Add-on Acquisition) 1 of 3
Country (United Kingdom) 1 of 2
Year (2017) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-11 Rplan

Altrincham, United Kingdom

Rplan Ltd. is a provider of client engagement technology to support bespoke investment propositions for web and mobile. Rplan is based in Altrincham, United Kingdom.

Buy $20M