Advised Meritsoft, a leading provider of intelligent software solutions to global capital markets participants, on its sale to Cognizant
Mar 2019
acquired by
  • Sector: Fintech, WealthTech & InsurTech; Data & Information
  • Deal Type: Strategic Deals; Founder-led Businesses
  • Engagement type: Sellside
  • Size: $200-500m
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Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Meritsoft on its sale to Cognizant (Nasdaq: CTSH), one of the world’s leading professional services companies, transforming clients’ business, operating and technology models for the digital era.

Headquartered in Ireland, Meritsoft is a leading provider of intelligent software solutions to global capital markets participants, enabling clients to automate post-trade processes, increase efficiency and comply with increasingly stringent regulatory requirements.

Meritsoft‚ founders, Kerril Burke & Paul Burke, were backed by Synova Capital, Randall Winn of 22C Capital and Non-Executive Chairman Peter Little.

The sale of Meritsoft reinforces Arma Partners’ ability to deliver successful, high-value outcomes on sales of European headquartered businesses to US strategic buyers and highlights our expertise in capital markets software.

– Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Meritsoft on its sale to Cognizant (Nasdaq: CTSH), one of the world’s leading professional services companies, transforming clients’ business, operating and technology models for the digital era.

– Headquartered in Ireland, Meritsoft is a leading provider of intelligent software solutions to global capital markets participants, enabling clients to automate post-trade processes, increase efficiency and comply with increasingly stringent regulatory requirements.

– Meritsoft‚ founders, Kerril Burke & Paul Burke, were backed by Synova Capital, Randall Winn of 22C Capital and Non-Executive Chairman Peter Little.

– The sale of Meritsoft reinforces Arma Partners’ ability to deliver successful, high-value outcomes on sales of European headquartered businesses to US strategic buyers and highlights our expertise in capital markets software.

-Cognizant (Nasdaq: CTSH) provides consulting, technology, and outsourcing services worldwide, transforming clients’ business, operating and technology models for the digital era

-The company has 280,000+ employees, was founded in 1994 and is based in Teaneck, New Jersey

-Meritsoft will complement Cognizant’s service offering by bringing proven automation expertise in case management, regulatory compliance, payment and settlement of claims, and tax and brokerage cash flows

-By becoming part of Cognizant, Meritsoft will have access to the knowledge, resources and scale of a larger organisation to accelerate growth as they continue to innovate on the Finbos platform for post-trade solutions

-Arma developed a credible equity story alongside management, with messaging specifically tailored for the focused group of strategic parties included in the process

-Arma worked closely with management to ensure a robust financial model was in place, including highlighting strength of operational KPIs

-Arma helped Meritsoft navigate discussions with strategics and worked closely with management in negotiating directly with Cognizant