November 5, 2012 M&A IN THE FINANCIAL TECHNOLOGY INDUSTRY HOLDS STEADY, WITH A GREATER NUMBER OF SMALL AND MID-SIZED DEALS

Berkery Noyes has released its third quarter 2012 report for the Financial Technology and Information Industry. Total volume remained constant over the last three months. However, total transaction value fell 55 percent during the last three months, from $7.7 billion to $3.5 billion. The Banking segment had the largest quarterly increase in transaction volume within the report, undergoing a 50 percent rise from second to third quarter 2012.

M&A in the Capital Markets segment, after increasing 76 percent from first to second quarter 2012, leveled-off 13 percent in the third quarter. The largest Capital Markets transaction in third quarter 2012, and the second largest year-to-date, was Thomson Reuters’ announced acquisition of FXall for $557 million.

“Institutions are integrating their financial data to meet reporting requirements,” said Peter Ognibene, Managing Director at Berkery Noyes. “Post Dodd-Frank and Basel III, acquirers are very interested in tools that will help consolidate data and satisfy the new regulatory framework. Such solutions are an important means of improving operations and bolstering competitiveness.”