Mergers and Acquistions News
Categories: IT Services & Consulting, Software
July 18th 2011, 17:48PM
The value of mergers and acquisitions in the financial technology and information sector has nearly tripled over the past six months, according to new research.
A report by independent investment bank Berkery Noyes has revealed that the value of transaction in the industry jumped from $7 billion (£4.3 billion) in the second half of 2010 to $19.5 billion during the first half of this year.
This 187 per cent rise in value came despite total transaction volume over the first half of the year remaining largely unchanged compared to the last six months of 2010.
The figures were largely driven by Deutsche Borse Group's announced merger with NYSE Euronext for $12.4 billion.
Fiserv, a leading provider of financial technology solutions, was the most active firm in terms of acquisitions during the period, purchasing CashEdge, Credit Union On-Line, Mobile Commerce and Maverick Network Solutions.
According to the study, Morningstar was the sector's most active acquirer over the two-and-a-half year period covered by the report, with the investment research and financial news provider securing nine deals. 
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