Add-on Acquisition • Information Technology

MeridianLink Acquires Saylent Technologies

On April 1, 2021, MeridianLink acquired information technology company Saylent Technologies from Massachusetts Capital Resources Company for 37M USD

Acquisition Context
  • This is MeridianLink’s 2nd transaction in the Information Technology sector.
  • This is MeridianLink’s largest (disclosed) transaction.
  • This is MeridianLink’s 2nd transaction in the United States.
  • This is MeridianLink’s 1st transaction in Massachusetts.

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M&A Deal Summary

Date April 1, 2021
Target Saylent Technologies
Sector Information Technology
Buyer(s) MeridianLink
Sellers(s) Massachusetts Capital Resources Company
Deal Type Add-on Acquisition
Deal Value 37M USD

Target Company

Saylent Technologies

Boston, Massachusetts, United States
Saylent Technologies provides payment intelligence solutions that enable financial institutions to drive account and card usage and increase non-interest income. Saylent Technologies was established in 2006 and is based in Boston, Massachusetts.
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Buyer Overview 1

Buyer

MeridianLink

Costa Mesa, California, United States

Category Company
Founded 1998
Sector Software
Revenue 316M USD (2024)
DESCRIPTION

MeridianLink provides mission-critical software solutions to financial institutions. The company’s LoansPQ, LendingQB, and ACTion platforms allow banks and credit unions to process and accept consumer and mortgage loans as well as account opening applications, and integrate seamlessly with all major core and data services providers. It also offers Synergy, a highly customizable and configurable loan processing and decisioning workflow product, as well as MortgageCreditLink, the dominant provider of “tri-merge” integration functionality into credit bureaus and other third-party consumer and business databases. MeridianLink was formed in 1998 and is based in Costa Mesa, California.


Deal Context for Buyer #
Overall 2 of 4
Sector: Information Technology 2 of 3
Type: Add-on Acquisition 2 of 4
State: Massachusetts 1 of 1
Country: United States 2 of 4
Year: 2021 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-02 TazWorks

Draper, Utah, United States

TazWorks LLC is a premier technology platform for consumer reporting agencies. TazWorks is based in Draper, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-10 StreetShares

Reston, Virginia, United States

StreetShares is a small business banking software-as-a-service (SaaS) technology company that powers community banks, credit unions, and non-financial organizations. Its Atlas Platform offers a full suite of digital, white-labeled, small business banking products to their customers. StreetShares was founded in 2014 and is based in Resotn, Virginia.

Buy -

Seller Profile 1

SELLER

Massachusetts Capital Resources Company

Boston, Massachusetts, United States

Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1977
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Massachusetts Capital Resource Company (MCRC) is a limited partnership privately owned and funded by Massachusetts-based life insurance companies. MCRC provides mezzanine financing for businesses with $3 to $100 million in revenue seeking capital to fund growth, strengthen balance sheets, or complete acquisitions. MCRC will consider investments in technology and non-technology companies seeking capital of $1 to $5 million. MCRC was formed in 1977 and is based in Boston, Massachusetts.


Deal Context for Seller #
Overall 10 of 11
Sector: Information Technology 2 of 2
Type: Add-on Acquisition 8 of 9
State: Massachusetts 9 of 10
Country: United States 10 of 11
Year: 2021 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-31 Full Spectrum

Westborough, Massachusetts, United States

Full Spectrum is a provider of software development and testing services specializing exclusively in Medical Devices, Life Sciences, Digital Health, Robotics, IoT, and Artificial Intelligence. The company's expertise is in translating vision and concepts into commercially-viable products. Full Spectrum was founded in 1982 and is based in Westborough, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-30 PureHD

Maynard, Massachusetts, United States

PureHD is a provider of commercial satellite TV and Internet streaming services to hospitality, military lodging, education, MDU, and health care facilities. PureHD is based in Maynard, Massachusetts.

Buy -