M&A Deal Summary

MarketAxess Acquires Pragma

On August 7, 2023, MarketAxess acquired information technology company Pragma

Acquisition Highlights
  • This is MarketAxess’ 2nd transaction in the Information Technology sector.
  • This is MarketAxess’ 3rd transaction in the United States.
  • This is MarketAxess’ 1st transaction in New York.

M&A Deal Summary

Date 2023-08-07
Target Pragma
Sector Information Technology
Buyer(s) MarketAxess
Deal Type Add-on Acquisition
Advisor(s) Broadhaven Capital Partners (Financial)
Wilmer Cutler Pickering Hale and Dorr (Legal)

Target

Pragma

New York, New York, United States
Pragma is an independent, quantitative trading technology provider specializing in algorithmic and analytical services. Its broker-neutral, multi-asset trading solutions power traditional asset managers, hedge funds, broker-dealers, global banks, and exchanges. Pragma is based in New York, New York.

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Buyer(S) 1

Buyer

MarketAxess

New York, New York, United States

Category Company
Founded 2000
Sector Financial Services
Employees891
Revenue 817M USD (2024)
DESCRIPTION

MarketAxess is an electronic trading platform that enables fixed-income market participants to efficiently trade corporate bonds and other types of fixed-income instruments using MarketAxess' patented trading technology. MarketAxess was founded in 2000 and is based in New York, New York.


DEAL STATS #
Overall 5 of 5
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
State: New York M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-23 Deutsche Boerse AG - Regulatory Reporting Hub

Eschborn, Germany

Deutsche Boerse's Regulatory Reporting Hub is a pan-European reporting and compliance platform that enables buy- and sell-side clients to meet their regulatory obligations and transparency requirements across multiple regulations, such as MiFID II and EMIR. Services include transaction and trade reporting, best execution reporting, and SI services, as well as APA and ARM services.

Buy -