Add-on Acquisition • Software

NEX Group Acquires Abide Financial

On October 13, 2016, NEX Group acquired software company Abide Financial

Acquisition Context
  • This is NEX Group’s 1st transaction in the Software sector.
  • This is NEX Group’s 1st transaction in the United Kingdom.

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M&A Deal Summary

Date October 13, 2016
Target Abide Financial
Sector Software
Buyer(s) NEX Group
Deal Type Add-on Acquisition

Target Company

Abide Financial

London, United Kingdom
Abide Financial Ltd. is a global regulatory reporting software specialist.
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Buyer Overview 1

Buyer

NEX Group

London, United Kingdom

Category Company
Sector Information Technology
Revenue 591M GBP (2018)
DESCRIPTION

NEX Group plc is a financial technology company that operates across the full transaction lifecycle. Company provide platforms, tools and expertise that enable you to execute efficiently and optimise resources throughout the transaction lifecycle. Encouraging technological advancement to improve the markets, we invest in companies that challenge convention and operate an exchange to help entrepreneurs raise capital on the public market.


Deal Context for Buyer #
Overall 2 of 2
Sector: Software 1 of 1
Type: Add-on Acquisition 2 of 2
Country: United Kingdom 1 of 1
Year: 2016 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-14 ENSO Financial Analytics

New York, New York, United States

ENSO Financial Analytics is a hedge fund service provider offering clients the ability to use critical business insights to become more competitive while strengthening their broker relationships. ENSO’s suite of intuitive, data-driven tools enhances risk and operational transparency and improves transactional efficiency, allowing multi-prime hedge funds and asset managers to optimize structural and variable costs.

Buy -