Industry Reports

Q4 2018
Year-to-date 2018 continues to show strong merger and acquisition and financing markets across the Financial Technology (FinTech) sectors. A total of 88 M&A transactions completed in Q3 2018 puts the FinTech industry on pace for its strongest M&A year on record.  
Q3 2018
2018 continues to show a strong merger and acquisition (M&A) and financing market across the Financial Technology (FinTech) spectrum.  A total of 93 M&A transactions completed in Q2 2018 is the second highest recorded in the past 10 quarters.  Year-to-date (YTD), there has been a total of $17.0 billion invested in FinTech companies globally across 700 deals.  
Q2 2018
M&A activity in the application development and deployment space continues to be strong with 18 transactions completed thus far in 2018.  Enterprises are increasingly focused on accelerating their application development lifecycles, adopting DevOps methodologies, proactively addressing application security and leveraging cloud deployment models.  Capstone Headwaters recently announced their fourth closed transaction in the space over the past 24 months with the sale of Programming Research Ltd. (PRQA) to Perforce Software.
Q2 2018
Traditionally, fixed phone line services, Internet connectivity, mobile telecommunications, and TV services (terrestrial, cable, and satellite) have been delivered as discrete services by different companies.  Over the last 10 to 15 years, service providers and network operators have chased revenue growth, while at the same time struggling with the never-ending battle against subscriber churn.    
Q2 2018
Through Q1 2018, merger and acquisition (M&A) volume and investment activity, both early stage and later stage, has been off to an impressive start across the FinTech spectrum.  Notable Q1 transactions included Silverlake Partners’ $500.0 million investment in Credit Karma, valuing the company at $4.1 billion; CME’s $5.4 billion bid for UK’s NEX trading & risk management platform; and RBS’ announced acquisition of FreeAgent (an accounting software provider for freelancers) for $75.0 million.  Additionally, the largest of all IPO’s year-to-date
Q1 2018
M&A activity in the human capital management SaaS segment remained strong in 2017 with 65 transactions, down from the 5 year-high of 75 transactions last year.  The median revenue multiple paid for private targets decreased slightly to 5.0x in 2017, remaining near the five-year-high of 5.5x set in 2016.  The M&A window remains open with valuations favorable to the seller although there is some risk that a market correction impacts valuation multiples longer term.
Q1 2018
Demand for Healthcare Information Technology (HCIT) has been robust, as technology continues to mature and to create new possibilities in the industry. Last year, 184 HCIT mergers and acquisitions (M&A) were announced or closed—modestly outpacing deal volume in 2015 to set a record high. Additionally, Rock Health reported $5.8 billion in venture funding, shattering the previous high of $4.6 billion in 2015.1 Strategic buyers continued to drive the majority of M&A deals, accounting for 56.0% of volume in 2017.
Q1 2018
The latest issue of our Financial Technology Index & Trends Report, highlighting trends in M&A, financing and capital markets for private and public companies in the FinTech market, is now available.  Highlights from this report include: 
Q4 2017
Merger and acquisition (M&A) activity remains strong as the Healthcare Information Technology (HCIT) industry continues to consolidate.  Recent innovations in medical technology and favorable federal and state incentives have greatly contributed to the sophistication and growth of the Telehealth Services Industry.  According to IbisWorld, industry revenue increased at a rapid compound annual growth rate (CAGR) of 39.8% over the past nine years, from $82.3 million in 2008 to $1.7 billion in 2017.    
Q4 2017
The latest issue of our Financial Technology Index & Trends Report, highlighting trends in M&A, financing and capital markets for private and public companies in the FinTech market, is now available.  Highlights from this report include: 

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