M&A Deal Summary

IRESS Acquires Quant House

On June 8, 2019, IRESS acquired financial services company Quant House for 39M EUR

Acquisition Highlights
  • This is IRESS’s 1st transaction in the Financial Services sector.
  • This is IRESS’s 5th largest (disclosed) transaction.
  • This is IRESS’s 1st transaction in France.

M&A Deal Summary

Date 2019-06-08
Target Quant House
Sector Financial Services
Buyer(s) IRESS
Deal Type Add-on Acquisition
Deal Value 39M EUR

Target

Quant House

Paris, France
Quant House is a provider of an end-to-end systematic trading solutions including ultra-low latency market data, algo trading development frameworks, proximity hosting and order routing to hedge funds, market makers, proprietary desks, brokers and sell-side firms. Quant House was formed in 2003 and is based in Paris, France.

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Buyer(S) 1

Buyer

IRESS

Melbourne, Australia

Category Company
Founded 1993
Sector Software
Employees1,635
Revenue 600M AUD (2024)
DESCRIPTION

IRESS is an Australian software company specialising in the development of software systems and services for financial markets and wealth management. IRESS was founded in 1993 and is based in Melbourne, Australia.


DEAL STATS #
Overall 16 of 17
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 14 of 15
Country: France M&A 1 of 1
Year: 2019 M&A 1 of 1
Size (of disclosed) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-26 Financial Synergy Pty

Melbourne, Australia

Financial Synergy is a privately-owned Australian company providing fund administration software to the superannuation and wealth management industries. Financial Synergy’s software and online solutions are core to the operations of its clients, helping them service members efficiently, address ongoing legislative change and to deliver superior services to their members. Headquartered in Melbourne, Financial Synergy has 126 employees.

Buy AU$90M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-06 OneVue

Sydney, Australia

OneVue is a fintech company that partners to disrupt the superannuation value chain. The business operates through three core divisions: Fund Services, Platform Services, and Trustee Services. OneVue Holdings was founded in 2004 and is based in Sydney, Australia.

Buy AU$115M