M&A Deal Summary

ION Group Acquires Allegro Development

On April 17, 2019, ION Group acquired software company Allegro Development from Vector Capital

Acquisition Highlights
  • This is ION Group’s 6th transaction in the Software sector.
  • This is ION Group’s 5th transaction in the United States.
  • This is ION Group’s 1st transaction in Texas.

M&A Deal Summary
Date 2019-04-17
Target Allegro Development
Sector Software
Buyer(s) ION Group
Sellers(s) Vector Capital
Deal Type Add-on Acquisition

Target

Allegro Development

Dallas, Texas, United States
Allegro Development is a provider of comprehensive energy trading and risk management software to customers in the exploration and production, refining and marketing, utilities and trading markets.

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Buyer(S) 1

Buyer

ION Group

Dublin, Ireland
Category Company
Founded 1998
Sector Software
DESCRIPTION

ION provides mission-critical trading and workflow automation software solutions to financial institutions, central banks, governments and corporations. The Company's proprietary software offers a flexible, open, customizable and cost-effective trading solutions that provides real-time integration of market data with internal systems. ION Group was founded in 1998 and is based in Dublin, Ireland.

DEAL STATS #
Overall 10 of 17
Sector (Software) 6 of 6
Type (Add-on Acquisition) 10 of 17
State (Texas) 1 of 1
Country (United States) 5 of 8
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-20 Fidessa

London, United Kingdom

Fidessa is a provider of multi-asset trading and investment infrastructure, market data and analysis, and decision making and workflow technology. Fidessa was formed in 1981 and is based in London.

Buy £1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-10 Acuris

London, United Kingdom

Acuris is a provider of global corporate financial news, intelligence, and analysis to advisory firms, investments banks, law firms, hedge funds, private equity firms and corporations operating in 65 countries. Acuris was formed in 2000 and is based in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

Vector Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 4.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Vector Capital is a private equity firm specializing in spinouts, buyouts and recapitalizations of established technology businesses. Vector targets both public and private company investments. Prospective businesses typically have strong customer bases, high gross margins, and at least $30 million in sales. Vector Capital was formed in 1997, after spinning out from Ziff Brothers Investments. The Firm is based in San Francisco, California.

DEAL STATS #
Overall 23 of 33
Sector (Software) 9 of 13
Type (Add-on Acquisition) 15 of 18
State (Texas) 2 of 3
Country (United States) 20 of 28
Year (2019) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-02 Alvaria

Atlanta, Georgia, United States

Alvaria is a provider of fully integrated customer engagement, workforce optimization, and self-service omnichannel software solutions. Alvaria was founded in 1973 and is based in Atlanta, Georgia.

Buy $100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-30 Sizmek

Austin, Texas, United States

Sizmek fuels digital advertising campaigns for advertisers and agencies around the world with cutting-edge technology to engage audiences across any screen. Sizmek provides rich media, video and online targeted advertising across channels. Sizmek's open ad management stack, Sizmek MDX, delivers the most creative and impactful multiscreen digital campaigns, across mobile, display, rich media, video and social, all powered by an unrivaled data platform.

Sell -
Mergr

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