M&A Deal Summary

Trintech Acquires Chesapeake System Solutions

On May 2, 2016, Trintech acquired software company Chesapeake System Solutions

Acquisition Highlights
  • This is Trintech’s 1st transaction in the Software sector.
  • This is Trintech’s 2nd transaction in the United States.
  • This is Trintech’s 1st transaction in Alabama.

M&A Deal Summary
Date 2016-05-02
Target Chesapeake System Solutions
Sector Software
Buyer(s) Trintech
Deal Type Add-on Acquisition

Target

Chesapeake System Solutions

Birmingham, Alabama, United States
Chesapeake System Solutions, Inc. is a provider of workflow software, UPCS unclaimed property compliance software, SmartTreasury financial risk management software, and SmartAnalysis bank statement analysis functionality for the retail, banking, financial services, and insurance industries. Core products are T-Recs account reconciliation.

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Buyer(S) 1

Buyer

Trintech

Plano, Texas, United States
Category Company
Founded 1993
Sector Software
DESCRIPTION

Trintech is a provider of integrated software solutions for the Last Mile of Finance. From the time a transaction occurs to the time financial statements are issued, Trintech's innovative Unity Suite automates data collection, account reconciliation, financial close management, financial reporting, XBRL, and financial control testing. Trintech was founded in 1993 and is based in Plano, Texas.

DEAL STATS #
Overall 2 of 4
Sector (Software) 1 of 2
Type (Add-on Acquisition) 2 of 3
State (Alabama) 1 of 1
Country (United States) 2 of 3
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-02 Concuity

Vernon Hills, Illinois, United States

Concuity, Inc. is a provider of software services for hospitals and physician groups.

Sell $35M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 Adra

Oslo, Norway

Adra is a provider of financial close and reconciliation software for the European marketplace. Adra was established in 1989 and has offices in London, Copenhagen, Oslo, and Stockholm.

Buy -
Mergr

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