M&A Deal Summary

Securian Financial Group Acquires Selient

On November 1, 2016, Securian Financial Group acquired software company Selient from The CRI Canada

Acquisition Highlights
  • This is Securian Financial Group’s 1st transaction in the Software sector.
  • This is Securian Financial Group’s 3rd transaction in Canada.
  • This is Securian Financial Group’s 1st transaction in Quebec.

M&A Deal Summary

Date 2016-11-01
Target Selient
Sector Software
Buyer(s) Securian Financial Group
Sellers(s) The CRI Canada
Deal Type Divestiture

Target

Selient

Montreal, Quebec, Canada
Selient, Inc. provides financial institutions with Internet-delivered lending software via the Software As A Service (SaaS) model. The Company's offerings include ProLender, a consumer loan origination system; ProLender Business Edition, a commercial and agricultural lending system and Decision Assistant(TM), a credit risk decisioning tool.

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Buyer(S) 1

Buyer

Securian Financial Group

St. Paul, Minnesota, United States

Category Company
Founded 1880
Sector Financial Services
Employees6,400
DESCRIPTION
Securian's corporate headquarters in St. Paul, Minnesota.
Securian's corporate headquarters in St. Paul, Minnesota.

Securian Financial Group is a diversified financial services company offering insurance, investments, and retirement plans and services to individuals and businesses. Securian was established in 1880 and is headquartered in St. Paul, Minnesota.


DEAL STATS #
Overall 4 of 6
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Quebec M&A 1 of 1
Country: Canada M&A 3 of 4
Year: 2016 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 The CRI Canada

Burnaby, British Columbia, Canada

The CRI Canada Ltd. is a provider of customized loan and insurance point-of-sale technologies to Canadian credit unions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-08 Grove Point

Rockville, Maryland, United States

Grove Point is an independent wealth management firm that serves approximately 400 independent financial professionals with $15 billion in client assets. Grove Point was formed in 1984 and is based in Rockville, Maryland.

Sell -

Seller(S) 1

SELLER

The CRI Canada

Burnaby, British Columbia, Canada

Category Company
Sector Insurance
DESCRIPTION

The CRI Canada Ltd. is a provider of customized loan and insurance point-of-sale technologies to Canadian credit unions.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Quebec M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-19 Selient

Montreal, Quebec, Canada

Selient, Inc. provides financial institutions with Internet-delivered lending software via the Software As A Service (SaaS) model. The Company's offerings include ProLender, a consumer loan origination system; ProLender Business Edition, a commercial and agricultural lending system and Decision Assistant(TM), a credit risk decisioning tool.

Buy -