M&A Deal Summary

Numerix Acquires FINCAD

On April 12, 2023, Numerix acquired information technology company FINCAD from Zafin Labs Technologies

Acquisition Highlights
  • This is Numerix’s 1st transaction in the Information Technology sector.
  • This is Numerix’s 1st transaction in Canada.
  • This is Numerix’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2023-04-12
Target FINCAD
Sector Information Technology
Buyer(s) Numerix
Sellers(s) Zafin Labs Technologies
Deal Type Divestiture

Target

FINCAD

Surrey, British Columbia, Canada
FINCAD is a provider of enterprise portfolio and risk analytics for multi-asset derivatives and fixed income. FINCAD's advanced analytics, flexible architecture, and patented technology enable financial institutions to make better investment and risk decisions. FINCAD's goal is to provide clients with solutions that help them achieve their goals, with no compromises. Clients include leading global asset managers, hedge funds, insurance companies, pension funds, banks, and auditors. FINCAD was founded in 1990 and is based in Surrey, British Columbia.

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Buyer(S) 1

Buyer

Numerix

New York, New York, United States
Category Company
Sector Information Technology
DESCRIPTION

Numerix is a provider of innovative capital markets technology solutions and real-time intelligence applications for trading and risk management. Numerix is based in New York.

DEAL STATS #
Overall 1 of 3
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2023) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-02 PolyPaths

New York, New York, United States

PolyPaths is a provider of advanced solutions for fixed-income analytics. Its platform leverages its founders' vast experience in high volume, sell-side systems and combines the modeling rigor and user control of a single sector trader with the universality of a general portfolio manager. PolyPaths was founded in 1996 and is based in New York City.

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Seller(S) 1

SELLER

Zafin Labs Technologies

Vancouver, British Columbia, Canada
Category Company
Founded 2002
Sector Software
Employees700
DESCRIPTION

Zafin Labs Technologies is a provider of relationship banking software solutions to financial services providers worldwide. Company technology platform, miRevenue, was built from the ground up for banking, enabling customer-centric product innovations that drive revenue, transparency and operational efficiency across the customer lifecycle. Zafin Labs Technologies was founded in 2002 and is based in Vancouver, British Columbia.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Divestiture) 2 of 2
State (British Columbia) 1 of 1
Country (Canada) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-24 FINCAD

Surrey, British Columbia, Canada

FINCAD is a provider of enterprise portfolio and risk analytics for multi-asset derivatives and fixed income. FINCAD's advanced analytics, flexible architecture, and patented technology enable financial institutions to make better investment and risk decisions. FINCAD's goal is to provide clients with solutions that help them achieve their goals, with no compromises. Clients include leading global asset managers, hedge funds, insurance companies, pension funds, banks, and auditors. FINCAD was founded in 1990 and is based in Surrey, British Columbia.

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