M&A Deal Summary

Refinitiv Acquires Scivantage

On March 2, 2020, Refinitiv acquired software company Scivantage from Edison Partners

Acquisition Highlights
  • This is Refinitiv’s 1st transaction in the Software sector.
  • This is Refinitiv’s 2nd transaction in the United States.
  • This is Refinitiv’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2020-03-02
Target Scivantage
Sector Software
Buyer(s) Refinitiv
Sellers(s) Edison Partners
Deal Type Add-on Acquisition

Target

Scivantage

Jersey City, New Jersey, United States
Scivantage, Inc. is a financial technology company with a relentless dedication to developing solutions that help financial institutions reach their goals, manage their businesses more efficiently, and generate new revenue.

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Buyer(S) 1

Buyer

Refinitiv

New York, New York, United States
Category Company
Founded 2017
Sector Information Services
Employees11,000
Revenue 6.0B USD (2017)
DESCRIPTION

Refinitiv is a large provider of financial markets data and infrastructure, serving over 40,000 institutions in over 150 countries. It provides data and insights, trading platforms, market data infrastructure and open technology platforms that support and connect the global financial markets community. Refinitiv was formerly known as Thomson Reuters Financial & Risk and is based in New York.

DEAL STATS #
Overall 3 of 7
Sector (Software) 1 of 3
Type (Add-on Acquisition) 3 of 7
State (New Jersey) 1 of 1
Country (United States) 2 of 6
Year (2020) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-18 BattleFin Technology

Rowayton, Connecticut, United States

BattleFin Technology LLC is a technology and events company focused on bringing alternative data to the world. Its Ensemble(c) platform allows corporations, hedge funds and investment firms to Source, Evaluate, Test and Purchase alternative data. BattleFin Technology is based in Rowayton, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-25 ModuleQ

Cupertino, California, United States

ModuleQ, Inc. provides AI solutions for businesses to automate the delivery of targeted, high-value information to front-line professionals. ModuleQ currently offers the Q app on Microsoft Teams as well as behind-the-firewall solutions for large enterprises. ModuleQ is based in Cupertino, California.

Buy -

Seller(S) 1

SELLER

Edison Partners

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1986
PE ASSETS 1.6B USD
Size Large
Type Sector Focused
DESCRIPTION

DEAL STATS #
Overall 3 of 22
Sector (Software) 1 of 5
Type (Add-on Acquisition) 2 of 17
State (New Jersey) 1 of 2
Country (United States) 2 of 17
Year (2020) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-05 Houwzer

Philadelphia, Pennsylvania, United States

Houwzer is a next-generation real estate brokerage and home services company built around the customer. Houwzer's salaried agents and loan officers help homeowners save when they sell and trust when they buy. Houwzer’s proprietary technology is an end-to-end platform that streamlines the entire transaction from the first meeting to post-closing with an integrated one-stop shopping experience. Houwzer was founded in 2004 and is based in Philadelphia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-09 Solovis

Dallas, Texas, United States

Solovis, Inc. is a flexible, robust technology platform that enables detailed analysis and dynamic data modeling across multiple portfolios and pools of capital for actionable, transparent insights that empower investors from the front to back office. Solovis was founded in 2013 and is based in Dallas, Texas.

Sell -
Mergr

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