M&A Deal Summary

Moody s Acquires Cortera

On February 10, 2021, Moody s acquired information services company Cortera from Battery Ventures

Acquisition Highlights
  • This is Moody s’ 8th transaction in the Information Services sector.
  • This is Moody s’ 16th transaction in the United States.
  • This is Moody s’ 1st transaction in Florida.

M&A Deal Summary
Date 2021-02-10
Target Cortera
Sector Information Services
Buyer(s) Moody s
Sellers(s) Battery Ventures
Deal Type Add-on Acquisition
Advisor(s) Raymond James - Investment Banking (Financial)
Morris, Manning & Martin (Legal)

Target

Cortera

Boca Raton, Florida, United States
Cortera, Inc. provides a fresh perspective on business information and offers innovative tools to improve corporate intelligence. With its robust database containing virtually every private and public U.S. company, innovative analytics about each of those companies and advanced workflow software, Cortera helps business analysts, sales and marketing experts and credit & collections professionals know more than ever before about their prospects, customers and partners. Cortera was founded in 1993 and is based in Boca Raton, Florida.

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Buyer(S) 1

Buyer

Moody s

New York, New York, United States
Category Company
Founded 1900
Sector Information Services
Employees15,439
Revenue 5.9B USD (2023)
DESCRIPTION

Moody's provides credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody's was founded in 1900 and is based in New York, New York.

DEAL STATS #
Overall 30 of 37
Sector (Information Services) 8 of 10
Type (Add-on Acquisition) 23 of 29
State (Florida) 1 of 1
Country (United States) 16 of 17
Year (2021) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 Catylist Real Estate Software

Ann Arbor, Michigan, United States

Catylist Real Estate Software, Inc. is a provider of commercial real estate (CRE) solutions for brokers. Catylist Real Estate Software offers deep insights into CRE markets through its impressive scope and coverage, intuitive user interface, and innovative research services for brokers. Catylist Real Estate Software was founded in 2001 and is based in Ann Arbor, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-05 Risk Management Solutions

Newark, California, United States

Risk Management Solutions is a provider of software products and services for insurers, financial markets, corporations, and public agencies evaluate and manage catastrophe risks throughout the world. Risk Management Solutions was founded in 1988 and is based in Newark, California.

Buy $2.0B

Seller(S) 1

SELLER

Battery Ventures

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1983
PE ASSETS 13.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Battery Ventures is a private investment firm focused on opportunities in the technology and related-sectors. Battery will invest at all company stages, from seed and early-stage capital situations to leveraged buyouts, PIPEs, spin outs, rollups and take-privates of established companies. Battery's private equity group focuses on investments in companies with revenue of $5 to $200 million and EBITDA up to $25 million. Battery can commit up to $100 million in equity per transaction. Specific areas of interest include software; IT services and outsourcing; communications components, systems, and services; and financial services and tech-enabled businesses. Battery will consider investments throughout North America, Europe, and Asia. Battery Ventures was formed in 1983 and is headquartered in Menlo Park, California.

DEAL STATS #
Overall 48 of 63
Sector (Information Services) 2 of 2
Type (Add-on Acquisition) 25 of 33
State (Florida) 2 of 3
Country (United States) 42 of 51
Year (2021) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-14 Shippeo

Paris, France

Shippeo helps major shippers and logistics service providers leverage transportation to deliver exceptional customer service and achieve operational excellence. Shippeo was founded in 2014 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Concurrent Real-Time

Pompano Beach, Florida, United States

Concurrent Real-Time produces software and systems for applications or simulations serving industries such as aerospace, defense, automotive, energy and financial. Concurrent Real-Time is based in Pompano Beach, Florida.

Sell $167M
Mergr

Product

Company

Legal