• Homepage
  • About Arma
  • Sector Expertise
  • Capabilities
  • Global Reach
  • Deals
  • Team
  • Arma Angle
  • News
  • Careers
  • Social Impact
  • Contact

Home / Deals / Advised Mosaic Software, a provider of electronic funds transfer and financial services transaction processing software, on its sale to S1 Corporation

Advised Mosaic Software, a provider of electronic funds transfer and financial services transaction processing software, on its sale to S1 Corporation
Nov 2004
acquired by
  • Sector: Digital Banking & Payments; Fintech, WealthTech & InsurTech
  • Deal Type: Strategic Deals; Venture Capital Exits
  • Engagement type: Sellside
  • Size: <$200m
  • Sector Deals
  • Sector Team
  • Region Deals
Scroll
  • Target Profile
  • Acquirer Profile
  • Deal Rationale
  • Arma Partners' role

– Mosaic is a fast growing provider of electronic funds transfer and financial services transaction processing software

– The company has a staff of 190, including more than 100 software developers, in offices in the US, UK and Australia

– S1 Corporation (NASDAQ: SONE) provides Web-based front-office management and operations software to financial services customers such as Bank of America, Scotiabank and KBC

– S1 operates 29 offices in 15 countries, with approximately 1,300 employees worldwide

– The transaction builds on S1’s existing product portfolio with the addition of a leading financial transaction solution and an ATM channel for its existing customer base. Mosaic provides cross selling opportunities to a customer base of approximately 210 financial institutions and retailers in more than 40 countries, including Honda Federal Credit Union, Standard Bank South Africa, Mercantile Bank Limited, 7-Eleven and Marks and Spencer

– The transaction also gives S1 increased international presence, an enhanced customer base and enables the further development of its enterprise strategy

– With the acquisition of Mosaic, S1 is the only vendor in the financial services space that can enable institutions to extend multi-channel integration across all of their primary customer interaction channels

– Arma Partners helped to successfully maximize value for Mosaic’s shareholders with an exit value of up to 2.6x historic revenue (based on published industry analyst expectations for CY2003 revenue)

– This valuation represents the highest recent exit multiple in the sector and a premium to the relevant trading multiples of the most comparable publicly traded companies

– Arma Partners also helped to increase the certainty of proceeds for Mosaic’s shareholders through the negotiation of a short earn-out period (c. six months from the closing of the transaction)

Back to deals
Arma Partners logo
  • About Arma
  • Sector Expertise
  • Capabilities
  • Global Reach
  • Deals
  • Team
  • Arma Angle
  • News
  • Careers
  • Social Impact
  • Contact

Arma Partners LLP is authorised and regulated by the Financial Conduct Authority and registered as a limited liability partnership in England and Wales (registered number OC307424. VAT registered number 162087808).

  • Privacy Notice
  • Terms & Conditions of Use
  • Modern Slavery Act Statement
  • Sustainability
  • Sitemap

US Arma Partners LP is a FINRA member.

You can check the background of US Arma Partners LP and its registered representatives on FINRA’s BrokerCheck.

Copyright © 2022 Arma Partners Site produced by Skylark

We at Arma Partners are committed to respecting your privacy and protecting your personal data. This privacy notice will inform you as to how we look after your personal data when you visit our website (regardless of where you visit it from) and tell you about your privacy rights and how the law protects you.
Learn More Accept Cookies