EverBank Financial Corp. today scored a valuation multiple of nearly 22x earnings in its sale to TIAA. No wonder the EverBank executive team said it was “excited” about the deal. That multiple (21.67x to be exact) will translate into a sale price of about $2.5 billion, when the deal finally closes, mostRead More
Post Tagged with: "acquisition"
One digital banking tech stack seems to not fit all at BBVA. That’s seems to be at least one of the strategies in play in BBVA’s decision today to acquire Finnish banking startup Holvi. Terms of the acquisition were not released. Holvi is among a group of startups working toRead More
Meet the new King of the Fintech Hill: FIS. Today, FIS effectively became the largest financial services technology company in the world by revenue, as it agreed to acquire SunGard for $9.1 billion. Just consider these stats for the new FIS: $9.2 billion of pro forma revenue (FY 2014); 90%Read More
Today, Envestnet Inc. agreed to purchase Yodlee, a public company with a languishing stock price, for an enterprise value of $590 million. In part, this transaction appears to be taking place because of the hazy value of data. An interesting blog post on WSJ.com post Friday asked whether the value ofRead More
PayPal, reportedly is looking to make some acquisitions before it spins off from eBay, and is eyeing Square.
Stripe, a payments company for developers, “is widely regarded as a potential initial public offering candidate or acquisition target down the road.”
LifeLock is in a hurry to get its name on Lemon Wallet — and Lemon’s name off its new property. An email went out today to Lemon Wallet users that the service is now called LifeLock Wallet and will be renamed as soon as they update their iOS or Android apps.Read More
The acquisition of Giftly by GiftCards.com is not going to happen after all. Yesterday, Kelly Barnett, chief executive of Giftly, told investors that GiftCards would not buy Giftly, but rather make a $1.5 million investment in the company over the next two years. The investment will come to Giftly in monthly installments.Read More
This is the third installment of my financial institution marketer resolution series which I started two years ago with ‘Ten Bank Marketer Resolutions for 2011‘ and followed up with ‘Ten Resolutions that Bank Marketers Can’t Ignore in 2012‘. Unsurprisingly, there are similarities from year to year as bank marketers continue toRead More
While loan business overall is down, the ability to quickly respond to a customer’s behavior when they are shopping for a loan can be the difference between expanding a current relationship or potentially losing a customer. By leveraging relatively eas…