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  5. Pico Quantitative Trading Acquires Corvil

M&A Deal Summary

Pico Quantitative Trading Acquires Corvil

On July 9, 2019, Pico Quantitative Trading acquired software company Corvil from Azini Capital Partners

Acquisition Highlights
  • This is Pico Quantitative Trading’s 1st transaction in the Software sector.
  • This is Pico Quantitative Trading’s 1st transaction in Ireland.

M&A Deal Summary
Date 2019-07-09
Target Corvil
Sector Software
Buyer(s) Pico Quantitative Trading
Sellers(s) Azini Capital Partners
Deal Type Add-on Acquisition

Target

Corvil

Dublin, Ireland
Corvil Ltd. is a Analytics Platform company which transforms IT data into real-time operational intelligence to provide order of magnitude improvement in the speed to see, understand and act on business as it’s happening. Corvil provides the full picture of customers, business and IT infrastructure all interacting together in real-time.

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Buyer(S) 1

Buyer

Pico Quantitative Trading

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

Pico Quantitative Trading LLC is a provider of technology hosting and managed services, specializing in trading technology.

DEAL STATS #
Overall 2 of 2
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Ireland M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-01 AlgoSpan

Southampton, United Kingdom

AlgoSpan Ltd. is a provider of end-to-end trading infrastructure and real-time market data services to financial firms operating low latency trading strategies to bring improvements to bottom-line trading performance.

Buy -

Seller(S) 1

SELLER

Azini Capital Partners

Investor

Category Secondary Investor
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Azini Capital Partners LLP is a private investment group focused acquiring secondary interests in growth-oriented companies. The Firm looks to acquire minority positions (> 15%) in companies with at least $10 million in revenue. The Firm prefers acquiring interests in tech-oriented or tech-enabled companies. Azini Capital was established in 2004 and is based in London.

DEAL STATS #
Overall 15 of 21
Sector: Software M&A 4 of 5
Type: Add-on Acquisition M&A Deals 12 of 18
Country: Ireland M&A 1 of 1
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-10 Sonim Technologies

San Mateo, California, United States

Sonim Technologies is a provider of the rugged, water-submersible mobile phones designed specifically for workers in demanding and hazardous environments. They specialize in workforce-critical communication tools for vertical industries including construction, security guarding, oil, gas and chemical operations, utilities, transportation and logistics, forestry, agriculture and defense. Sonim Technologies was founded in 2007 and is based in San Mateo, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-29 ClusterSeven

London, United Kingdom

Cluster Seven Services Ltd. is a provider of strategic software for the management of user-built applications - primarily spreadsheets and MS Access databases. ClusterSeven solutions help firms to balance their governance, risk and regulatory compliance (GRC) obligations with the need for revenue generation, staff efficiency and productivity. ClusterSeven provides non-invasive, passive monitoring and tracking of spreadsheets. Cluster Seven Services was established in 2003 and is based in London, United Kingdom.

Sell -
Mergr

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