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New Deal


Announced

Completed

Corlytics completed the acquisition of SparQ from ING.

Financials

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

Tags

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Netherlands

financial services

FinTech

Acquisition

Cross Border

Friendly

fintech

Completed

Private

Single Bidder

Majority

Synopsis

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Corlytics, a technology solutions provider, completed the acquisition of SparQ, a fintech company, from ING, a banking company. Financial terms were not disclosed. “This acquisition is important – both for the financial services industry and Corlytics. SparQ technologies mean that we can close the regulatory compliance and obligations management loop – in a unified platform to automate, deliver and prove compliance. This deal sets the runway for further strategic acquisitions and is a clear signal of our ambitious program of managed growth,” John Byrne, Corlytics CEO.

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