.
MergerLinks Header Logo

New Deal


Announced

Completed

Trintech completed the acquisition of the financial reconciliation business of Fiserv.

Financials

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

Tags

Edit

United States

fintech

FinTech

Acquisition

Majority

Single Bidder

reconciliation solutions

financial solutions

Domestic

Private

Friendly

Completed

Synopsis

Edit

Trintech, a global provider of cloud-based financial close solutions for the Office of the CFO, completed the acquisition of the financial reconciliation business of Fiserv, a global provider of fintech and payments solutions. Financial terms were not disclosed. "In this era of intense digital transformation, accounting automation, reconciliations and financial close represent a significant market opportunity. This acquisition positions Trintech to provide even more compelling financial close capabilities, broaden the reach of our partner ecosystem and drive impressive ROI for our customers. It's also the latest illustration of our holistic growth strategy – one which places a dual mandate on rapid expansion into key verticals and the prioritization of continuous innovation and talent recruitment. We are thrilled to add this powerful complement to Trintech's market-leading portfolio," Darren Heffernan, Trintech CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US