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Announced

Completed

Gresham Technologies completed the acquisition of Electra Information Systems for $39m.

Financials

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Transaction Value£27m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Cross Border

Private

FinTech

Completed

Acquisition

workflow solutions

Majority

United States

financial software

Single Bidder

Synopsis

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Gresham Technologies, a software services company providing real-time transaction control and enterprise data integrity solutions, completed the acquisition of Electra Information Systems, a provider of post-trade operations workflow solutions and services, for $39m. “Our shared vision, and the combination of the two firm’s people, technology and international network will accelerate our long-term growth and the achievement of our value creation strategy. Aligned with our mission to create a global financial technology business delivering digital integrity, agility, and confidence to financial markets, we want our customers to have access to innovative and domain rich, cloud-based automation solutions," Ian Manocha, Gresham CEO.

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