And in June, alternative asset-related financial database platform provider Preqin was pocketed by investment management services provider BlackRock for $3.2B at 13.5 times revenue multiple. The acquisition will bolster BlackRock's data capabilities as it expands into private-market investments.
In April, Nuvei, transaction processing services & SaaS developer, was snapped up by Advent International for $4.7B at 5.3 times revenue multiple. The acquisition gives the opportunity to support Nuvei as it continues to scale from its base in Canada as a global player in the space.
And finally, in May, financial instrument distribution services Simplicity, purchased online sales digital life insurance policies provider Plum Life to create a life insurance sales platform that allows agents to manage the entire sales process.
In April, a customer-centric insurance technology platform provider HUGHUB was acquired by developer of configurable insurance software for insurance brokers Open International, strengthening its digital product portfolio.
AI-powered enterprise decision analytics provider, Copperleaf Technologies, was picked up by ERP SaaS provider IFS for $731.4M at 10.3 times revenue multiple in June.
At the beginning of the quarter, institutional trading and investment risk management portal Institutional Cash Distributors was acquired by Tradeweb Markets for $785M. With the acquisition, Tradeweb will add a new and fast-growing client channel serving corporate treasury professionals, complementing Tradeweb's existing focus on institutional, wholesale, and retail clients.
If you are aiming to learn about the key deals and valuations for data seurity companies, then you've come to the right place. With our report, you'll get valuable information that will inform the future of your company, and educate yourself on the current trends in the market.