February 24, 2014 FINANCIAL TECHNOLOGY DEAL VOLUME CONTINUES TO TREND UPWARD

Berkery Noyes has issued its Financial Technology and Information report for full year 2013. Transaction volume experienced a ten percent increase over the past year, with a total of 341 deals in 2013. This was the peak for volume during the three years covered in the report when examined on an annual basis. Aggregate deal value decreased from $32.49 billion to $30.03 billion, an eight percent decline.

In terms of specific markets covered within the report, the Payments segment saw deal volume stay consistent on a year-to-year basis. This followed a 45 percent increase between 2011 and 2012. Regarding the mobile payments subset, the largest transaction in 2013 was FIS’ acquisition of mFoundry for $115 million.

The number of transactions in the Capital Markets segment increased 19 percent compared to 2012. TA Associates-backed Ion Trading’s acquisition of Triple Point Technology for $900 million was the largest Capital Markets deal during 2013. “Advances in automation are leading trading venues, institutional brokers, technology vendors and information providers to converge on this market and offer integrated, end-to-end solutions,” stated Peter Ognibene, Managing Director at Berkery Noyes. “Likewise, governmental and exchange level regulations are changing constantly and growing in complexity, increasing risk to financial services participants and sharpening their appetite for tools to manage risk.”

As for the Insurance segment, deal volume increased 16 percent from 2012 to 2013. The two highest value transactions in the segment were completed by private equity firms. This consisted of Hellman & Friedman’s acquisition of Applied Systems for $1.8 billion and Kohlberg Kravis Roberts & Co.’s (KKR’s) acquisition of Mitchell International for $1 billion.