M&A Deal Summary

Refinitiv Acquires The Red Flag Group

On October 5, 2020, Refinitiv acquired information services company The Red Flag Group

Acquisition Highlights
  • This is Refinitiv’s 1st transaction in the Information Services sector.
  • This is Refinitiv’s 5th transaction in the United States.
  • This is Refinitiv’s 1st transaction in Arizona.

M&A Deal Summary
Date 2020-10-05
Target The Red Flag Group
Sector Information Services
Buyer(s) Refinitiv
Deal Type Add-on Acquisition

Target

The Red Flag Group

Tempe, Arizona, United States
The Red Flag Group is a provider of workflow, data, due diligence, and ratings solutions that help corporate compliance customers to evaluate money laundering, bribery and corruption, reputational and ESG risk. The Red Flag Group was established in 2006 and is based in Tempe, Arizona.

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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 6 of 7
Sector (Information Services) 1 of 1
Type (Add-on Acquisition) 6 of 7
State (Arizona) 1 of 1
Country (United States) 5 of 6
Year (2020) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-29 Advisor Software

Walnut Creek, California, United States

Advisor Software is a provider of wealth management cloud platforms for financial advisors and institutions. The company has pioneered the first Wealth Management Cloud platform that offers streamlined access to a comprehensive range of financial services and resources. Advisor Software’s products address advisors’ functional needs, including Automated Digital Advice, Planning, Proposal Generation, Portfolio Construction, Rebalancing, and Investment Analytics. The company’s solutions serve a wide range of financial institutions and professionals, enabling asset management firms, broker-dealers, banks, insurance companies, online brokerages, custodians, and providers of investment services and products to deliver more insightful, actionable investment advice and build stronger, more profitable client relationships. Advisor Software was formed in 1995 and is based in Walnut Creek, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 Giact Systems

Allen, Texas, United States

Giact Systems LLC provides verification, authentication, and funds confirmation information in order to help businesses across all industries assess and manage risk in electronic payments. The company's OFAC screening, ID verification, account verification and authentication, and mobile verification solutions enable clients to focus on providing unmatched customer experiences. Giact Systems was founded in 2004 and is based in Allen, Texas.

Buy -
Mergr

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