M&A Deal Summary

Mitratech Acquires Continuity

On December 16, 2021, Mitratech acquired internet software and services company Continuity from Accel-KKR

Acquisition Highlights
  • This is Mitratech’s 6th transaction in the Internet Software and Services sector.
  • This is Mitratech’s 12th transaction in the United States.
  • This is Mitratech’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2021-12-16
Target Continuity
Sector Internet Software and Services
Buyer(s) Mitratech
Sellers(s) Accel-KKR
Deal Type Add-on Acquisition

Target

Continuity

New Haven, Connecticut, United States
Continuity is a provider of regulatory technology (RegTech) solutions that automate compliance management for financial institutions of all sizes. By combining regulatory expertise and cloud technology, Continuity’s solutions are designed to automate all aspects of compliance management, from interpretation of regulatory issuances through intuitive task delegation, vendor management, and board reporting. Continuity was founded in 2008 and is based in New Haven, Connecticut.

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Buyer(S) 1

Buyer

Mitratech

Austin, Texas, United States
Category Company
Founded 1987
Sector Software
DESCRIPTION

Mitratech is a provider of corporate legal process automation and compliance management software to Fortune 1000 companies. Mitratech’s unified platform enables open, flexible enterprise and extra price collaboration in high-liability corporate operations. Mitratech was founded in 1987 and is based in Austin, Texas.

DEAL STATS #
Overall 15 of 23
Sector (Internet Software and Services) 6 of 8
Type (Add-on Acquisition) 15 of 21
State (Connecticut) 1 of 1
Country (United States) 12 of 19
Year (2021) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-22 Alyne

Munich, Germany

Alyne is a digital governance, risk management and compliance platform provider. Alyne is based in Munich, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-19 Quovant

Nashville, Tennessee, United States

Quovant is a provider of premier solutions for spend management, advanced analytics, and legal bill review. Quovant was founded in 1998 and is based in Nashville, Tennessee.

Buy -

Seller(S) 1

SELLER

Accel-KKR

Menlo Park, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Accel-KKR is a private equity firm that seeks control and growth-oriented investments in middle-market technology companies. The Firm targets investments in public and private companies with revenues ranging from $15 to $150 million. Accel-KKR pursues transactions across multiple segments of the technology industry, including software, hardware and internet technologies, and IT enabled services. Accel-KKR's first fund was created in 2000 by Accel Partners and Kohlberg Kravis Roberts & Co. to invest in technology assets and businesses that were outside of each firm's core focus. Accel-KKR is based in Menlo Park, California.

DEAL STATS #
Overall 44 of 54
Sector (Internet Software and Services) 10 of 12
Type (Add-on Acquisition) 25 of 29
State (Connecticut) 1 of 1
Country (United States) 36 of 44
Year (2021) 13 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-09 Entersekt

Cape Town, South Africa

Entersekt is a provider of strong device identity and customer authentication software. Financial institutions and other large enterprises in countries across the globe rely on its multi-patented technology to communicate with their clients securely, protect them from fraud, and serve them convenient new experiences irrespective of the channel or device in use. Entersekt was founded in 2008 and is based in Cape Town, South Africa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-23 Delta Data

Columbus, Georgia, United States

Delta Data is a provider of data governance and operational processing software for mutual fund securities and other pooled investment products that helps clients solve compliance mandates, mitigate risk and reduce costs. Delta Data was founded in 1985 and is based in Columbus, Georgia.

Sell -
Mergr

Product

Company

Legal