Add-on Acquisition • Internet Software and Services

Standard & Poor s Financial Services Acquires ABSXchange

On September 4, 2007, Standard & Poor s Financial Services acquired internet software and services company ABSXchange

Acquisition Context
  • This is Standard & Poor s Financial Services’ 1st transaction in the Internet Software and Services sector.
  • This is Standard & Poor s Financial Services’ 3rd transaction in the United States.
  • This is Standard & Poor s Financial Services’ 2nd transaction in Maryland.

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M&A Deal Summary

Date September 4, 2007
Target ABSXchange
Sector Internet Software and Services
Buyer(s) Standard & Poor s Financial Services
Deal Type Add-on Acquisition

Target Company

ABSXchange

Bethesda, Maryland, United States
ABSXchange LLC, provides an end-to-end solution for structured finance data, analytics and modeling. ABSXchange's clients include issuers, trading desks, investors, research houses, rating agencies, risk managers, credit departments, structurers, servicers, and trustees.
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Buyer Overview 1

Buyer

Standard & Poor s Financial Services

New York, New York, United States

Category Company
Founded 1941
Sector Business Services
Employees10,000
Revenue 2.6B USD (2010)
DESCRIPTION

Standard & Poor's Financial Services LLC (S&P) is an American financial services company that publishes financial research and analysis on stocks and bonds. S&P is known for its stock market indices.


Deal Context for Buyer #
Overall 5 of 5
Sector: Internet Software and Services 1 of 1
Type: Add-on Acquisition 3 of 3
State: Maryland 2 of 2
Country: United States 3 of 3
Year: 2007 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-04 IMAKE Consulting

Bethesda, Maryland, United States

IMAKE Consulting, Inc., is a provider of software and services to the structured finance market. IMAKE Consulting has been providing data, analytics and modeling software and services to the structured finance community.

Buy -