M&A Deal Summary

Trintech Acquires Fiserv - Financial Reconciliation Business

On July 25, 2023, Trintech acquired business services company Fiserv - Financial Reconciliation Business from Fiserv

Acquisition Highlights
  • This is Trintech’s 1st transaction in the Business Services sector.
  • This is Trintech’s 3rd transaction in the United States.
  • This is Trintech’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2023-07-25
Target Fiserv - Financial Reconciliation Business
Sector Business Services
Buyer(s) Trintech
Sellers(s) Fiserv
Deal Type Divestiture

Target

Fiserv - Financial Reconciliation Business

Brookfield, Wisconsin, United States
Fiserv's Financial Reconciliation Business will act as a springboard for innovation, expanding Trintech’s accounting automation platform. Fiserv's Financial Reconciliation Business is based in Brookfield, Wisconsin.

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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 4 of 4
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 3 of 3
Year (2023) 1 of 1
PREVIOUS 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 -

Seller(S) 1

SELLER

Fiserv

Brookfield, Wisconsin, United States
Category Company
Founded 1984
Sector Information Technology
Employees42,000
Revenue 19.1B USD (2023)
DESCRIPTION
Fiserv's corporate headquarters in Brookfield, Wisconsin.
Fiserv's corporate headquarters in Brookfield, Wisconsin.

Fiserv is a provider of information management and electronic commerce systems for the financial services industry, providing integrated technology and services that create value and results for clients. Clients include banks, credit unions and thrifts, billers, mortgage lenders and leasing companies, brokerage, and investment firms. Fiserv was founded in 1984 and is based in Brookfield, Wisconsin.

DEAL STATS #
Overall 9 of 9
Sector (Business Services) 2 of 2
Type (Divestiture) 8 of 8
State (Wisconsin) 3 of 3
Country (United States) 8 of 8
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-07 Finxact

Jacksonville, Florida, United States

Finxact is a SaaS platform engineered to support the scale and regulatory requirements of the largest U.S.-based financial institutions. The cloud-native banking system provides 100% accessibility to all data and functions via a robust set of modern APIs, empowering banks and their partners to rapidly deliver new experiences by creating products on demand and integrating new services as needed. Finxact was founded in 2016 and is based in Jacksonville, Florida.

Buy $650M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-11 Skytef

São Paulo, Brazil

Skytef provides expertise and experience to design solutions that meet the needs of each segment, delivering hardware, software, and services. The company provides long-term partnerships, to turn challenges and demands into viable and customized solutions for each business, together with partners and customers. Skytef is based in São Paulo, Brazil.

Buy -
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