Below is a link to our October 2011 Market Update. As you will see, it provides our sense of M&A values, activity and trends for the dozen plus technology, information and healthcare sectors that we follow.
Click here for our Market Update
There were several notable transactions in September, including:
- IBM agreed to acquire risk analytics software provider Algorithmics for $387M;
- Reed Elsevier agreed to acquire Accuity, which provides global payment routing data for £343M;
- GTCR agreed to acquire transaction processing software provider Fundtech for $353M, with the latter abandoning its plans to merge with S1 (originally announced in June);
- Vista Equity Partners agreed to acquire Sage Software Healthcare, a provider of electronic health records services for $320M;
- The Carlyle Group agreed to acquire two companies:
– N.I.C. Corp (Tokyo-based), a medical administration and staffing services provider for $149M, and;
– ITRS Group (London-based), a company that provides trade monitoring technology and services;
- Hellman & Friedman agreed to acquire trade management software provider, OpenLink Financial from Carlyle Group;
- Guidewire Software, which provides enterprise software to the property and casualty industry, filed for an IPO, up to $100M;
- NICE Systems agreed to acquire Fizzback, a SaaS-based voice-of-the-customer provider for $80M;
- Broadridge Financial Solutions acquired financial technology solutions provider Paladyne Systems, for $76.5M;
- ZocDoc, an online service to book doctor appointments, raised $75M from Goldman Sachs and DST Global, and;
- Salesforce.com acquired Assistly, which provides multi-channel customer support software for $50M.
As you will note, a number of these deals involve large information technology firms reaching across borders to acquire capabilities, as well as private equity firms increasingly become more acquisitive, especially within the financial technology sector.
We hope you will find this month’s newsletter useful. As you will see, in spite of the recent market correction, for most of the sectors that we track, valuations remain well above their lows of 2008/2009 and above last year.