M&A Deal Summary |
|
|---|---|
| Date | 2021-04-01 |
| Target | Saylent Technologies |
| Sector | Information Technology |
| Buyer(s) | MeridianLink |
| Sellers(s) | Massachusetts Capital Resources Company |
| Deal Type | Add-on Acquisition |
| Deal Value | 37M USD |
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| Category | Company |
|---|---|
| Founded | 1998 |
| Sector | Software |
| Employees | 676 |
| Revenue | 304M USD (2023) |
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 STATS | # |
|---|---|
| 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 |
| 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 | - |
| 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 | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1977 |
| PE ASSETS | 700M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
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 STATS | # |
|---|---|
| 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 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-31 |
Full Spectrum
Southborough, 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 formed in 1982 and is based in Southborough, Massachusetts. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-03-30 |
PureHD
Sudbury, 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 Sudbury, Massachusetts. |
Buy | - |
