Ironbridge to Privatise IT Financial Services Firm Bravura, at 48% > 3 month VWAP

28th June 2013. ASX-listed IT financial services firm Bravura (ASX:BVA) has announced the receipt of an indicative, non-binding, conditional proposal from its majority shareholder, private equity firm Ironbridge Capital to acquire all outstanding shares and options in the Company. Under the Scheme Proposal, Ironbridge has offered $0.28 cash per Bravura share less the amount of […]

Euronet acquires Sydney multi-currency payments firm Pure Commerce

8th Jan 2013. Euronet Worldwide, Inc. (Nasdaq:EEFT), a leading global electronic payments provider and distributor, today announced the acquisition of Pure Commerce, a fast-growing provider of cloud-based financial and payment solutions to banks, acquirers and global retailers around the world. Terms have not been disclosed. Pure Commerce is head quartered in Sydney, Australia, and provides […]

Infosys BPO Acquires Australian Sourcing Consultants Portland Group for $A37m, 5.7 times EBITDA

20th Dec 2011. Infosys BPO Limited, the business process outsourcing subsidiary of Infosys Limited (NASDAQ: INFY), today announced the signing of a definitive agreement to acquire all of the outstanding share capital in Australia-based Portland Group Pty Ltd, a leading provider of strategic sourcing and category management services. The purchase consideration for the deal is […]

FlexiGroup Acquires Paymates Assets in Australia, NZ and Asia for est A$5m

6 Dec 2011. Leasing and payments group FlexiGroup (ASX:FXL) has announced an agreement with ACT Merchant Services to acquire the business of Paymate Pty Limited (“Paymate”). Under the agreement, FlexiGroup will acquire the assets of the Australian, New Zealand and Asian business for an undisclosed sum that will be funded from existing cash reserves and […]

Canada’s TMX Group to Acquire Razor Risk for A$10m, 1x Revenue

30th Nov 2011. Toronto stock exchange listed TMX Group Inc (TSX:X), the owner of the Toronto Stock Exchange, has announced a takeover bid for ASX-listed financial services risk software firm Razor Risk Technologies Ltd (ASX:RZR). The takeover has the support of Razor’s board and the two companies have entered into a Takeover Bid Implementation Agreement […]

e-Pay Asia To Go To Euronet after Tobikiri Capital Fails to Match A$12m Bid

6th Sept 2011. e-Pay Asia (ASX:EPY) has received a fourth (and likely final) buyout offer, from Euronet Worldwide for A$12 million, topping the most recent bid received from rival Tobikiri Capital. Tobikiri Pacital is a company controlled by Mr Simon Loh, Executive Chairman and Chief Executive Officer of e-Pay. In May 2010, e-Pay Asia called […]

DWS Acquires Melbourne Cloud Financial Services Firm Taten for A$300k

28th June, 2011. DWS Advanced Business Solutions Ltd (ASX:DWS) has announced that it has entered into a contract to acquire the business assets of Taten Pty Ltd for a total consideration of $300,000. The deal is expected to be completed by the end of June, and positions DWS to enhance its cloud offerings. The attraction […]

iSelect To Acquire Selection Business Infochoice For A$33.5m

16th May 2011. Infochoice (ASX:ICH) has announced that Australian comparison website company iSelect has moved to acquire Infochoice, BidMyLoan and OnceLife for A$33.5m through the acquisition of its 98.4% shareholder, Once Pty Ltd, a company associated with Singapore-based property developer YanLord. The deal is at a 70 per cent premium to the Infochoice market price, […]

Paymate Acquires US Payments Firm ACT Merchant Services

16 May 2011. Silicon valley based “Australian” payments innovator Paymate has acquired Massachusetts-based ACT Merchant Services, adding mobile payment services to allow merchants to accept payment via smart phones and other mobile devices. Terms have not been disclosed. In addition, Paymate will add

Spectrum Equity Investors Acquires 10.2% of iSelect for A$30.16 million

10th March 2011. In a deal that values iSelect at A$300m, US private equity firm Spectrum Equity Investors has acquired 10.2% of existing iSelect shares for A$30.16m. In 2010 iSelect had revenue of A$43 million and EBITDA of $9.3 million, pricing the investment at an effective 6.97 times sales and 32 times 2010 EBITDA. Whilst […]

Fiserv Acquires Kiwi Firm M-Com for Est. US$40m to Enhance Mobile Payments Offering

28th Feb, 2011. Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, today announced that it has acquired Mobile Commerce Ltd. (M-Com), an international mobile banking and payments provider, to enhance Fiserv’s existing mobile channel capabilities. The two companies have been partners since 2008, developing and delivering Mobile Money from Fiserv […]

Iress Acquires South African Trading Software Firm Peresys for A$56.1m

18th Jan 2011. Financial services market data and trading firm IRESS (ASX:IRE) announced today the significant expansion of activities in South Africa through the acquisition of Peresys (Pty) Limited and Peresys’ technology for an expected ZAR375 million (approx AUD 56.1 million), before transaction costs. Peresys is a respected technology services provider in the South African […]

Australia Post Acquires Payment Gateway Company SecurePay

10th Dec 2010. Australia Post today announced it has purchased payment gateway company, SecurePay as part of its strategy to expand its online services. SecurePay offers commercial organisations, utilities, local government and e-merchants secure Business to Business and Business to Consumer payment services via the internet, phone, or custom software applications. Financial terms were not […]

Customers Ltd Acquires Keycard, Yourcash and Crown ATM, Reaches 5600 ATMs

24th Nov 2010. Further to the Company’s announcement of 18 November 2010 relating to the acquisition of two small ATM operators, Customers Limited has announced it has reached agreement to acquire the business of a third independent operator, Keycard ATM. The acquisition of the Keycard business will add 113 ATMs to Customers’ nationwide fleet of […]

OzForex Receives est US$80m Growth Capital From Accel Partners and The Carlyle Group

22nd Nov 2010. The OzForex Group, an online foreign exchange payments platform operating as a Macquarie Bank majority-owned subsidiary, today announced a minority growth investment from Accel Partners and The Carlyle Group. The funds will help accelerate OzForex’s expansion into North America, Europe and Asia, as well as the development of complementary product and service […]

GRG to acquire eFunds Group for up to A$15m

15th Nov 2010 GRG International (ASX:GRG) has proposed to acquire fellow ATM operator eFunds Group for up to $15 million. Under the proposed deal GRG, through subsidiary GRG International Holdings, will acquire each of the companies within the eFunds group – eFunds Pty Ltd, ATM Serve and Electronic Retail Solutions. The purchase price will be […]

QED Occtech Acquires 100% of Indian ATM TSI and Changes Name

14 Sept 2010. The Directors of QED Occtech Limited (ASX:QED) are pleased to announce that the Company’s re‐instatement to official quotation will occur tomorrow. The re‐quotation follows the acquisition of all remaining shares of Transaction Solutions International PLC (“TSI”). The acquisition was completed on 27 August 2010, following shareholder approval on 19 August 2010. Formerly […]

NASDAQ OMX Acquires Aussie Research SpinOut – Market Surveillance Firm SMARTS

27th July 2010. NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) has signed an agreement to acquire Australian research spinout SMARTS Group, a world-leading technology provider of market surveillance solutions to exchanges, regulators and brokers. This acquisition is part of NASDAQ OMX’s strategy to diversify its commercial technology business and enter the broker surveillance and compliance market. SMARTS […]

Customers Ltd Acquires Australian Assets of Canadian ATM Platform Calypso

22 Jul 2010. Automated Teller Machine (ATM)  fleet manager Customers Limited (ASX:CUS) (Customers) today announced that it had completed the acquisition of the Australian assets of Canadian-based ATM driver, Calypso – a transition that will yield significant operational cost savings for the company and open up new revenue streams. Until now, Customers has outsourced the […]

eServGlobal to sell Telco business to Oracle for US$93.75m and Focus on Mobile Payments

26th May 2010 Telecommunications-based transaction management specialist, eServGlobal (ASX: ESV; AIM: ESG) has entered into a conditional agreement to sell its USP Business and USP Products to Oracle (NASDAQ:ORCL) for up to US$93.75m (£65m, A$113.4m). Upon completion, the company intends to focus on its non-USP Business – which contributed 58% eServGlobal’s total revenue in the […]

Bravura to Acquire Mutual Fund Technologies for £19m / 3.4 x EBITDA

10th May 2010.  Bravura Solutions Limited (ASX: BVA), a global supplier of transfer agency and wealth management software applications and professional services announced today a fully underwritten $23 million rights issue to assist in the funding of the acquisition of Mutual Fund Technologies Limited (MFT) from Fidelity International. MFT was established in 1999 and supports […]

Nexbis Acquires 50.08% of TrustDefender for A$16m

15 March 2010. Nexbis Limited (ASX:NBS), a leading global security solutions provider, today announced the completion of its acquisition of 50.08% of TrustDefender. “This transaction will deliver significant value to our shareholders and is a strong endorsement of our business model, our teams and the leadership position we have built,” said Nexbis CEO Johann Young. […]

Computershare Acquires HBOS EESolutions From Lloyds for £40m

25th Oct 2009.  Computershare Limited (ASX:CPU) has today agreed terms for the £40m acquisition of HBOS Employee Equity Solutions (HBOS EES) from Lloyds Banking Group with an expected completion date in December 2009, subject to regulatory approval. HBOS EES is a leading UK based employee share plans provider. HBOS EES employs 420 people across three […]

Bravura Recapitalised; Ironbridge Acquires up to 46%

9th September 2009. Ironbridge and Bravura (ASX: BVA) have finalised a recapitalisation deal, resulting in interests associated with Ironbridge, one of Australia’s leading private equity firms, acquiring up to 46% of Bravura in equity and options. The recapitalisation follows a proposal by Ironbridge in April 2008 to acquire Bravura for A$272m, or $1.73 a share  (an […]