Fintellix Has Been Acquired by Verisk Analytics, Inc.
Signal Hill India is pleased to announce that its client Fintellix, a Bangalore-based data software company specializing in regulatory reporting solutions and data management platforms for financial institutions, has been acquired by Verisk Analytics, Inc. (NASDAQ:VRSK), a leading data analytics provider. Fintellix will be part of Argus, a Verisk Analytics business.
"The solutions offered by Fintellix enable financial institutions to leverage their current investments in core operating systems and infrastructure in a robust, agile, and scaled manner," said Vivek Subramanyam, CEO of Fintellix. "The entire Fintellix team is excited about becoming part of the Verisk family."
This is the second transaction that Signal Hill India team has conducted on behalf of Fintellix (previously known as iCreate Software).
“We are glad to have acted as the financial advisor on this sale transaction for Fintellix, after having worked with them on their Series B capital raise and are excited to have created a successful outcome with a global data analytics leader like Verisk,” said Klaas Oskam, Managing Director at Signal Hill. "Congratulations to Vivek, Anup and team as well as IDG and Sequoia on achieving this major milestone, and wishing the Fintellix team all the best in the next chapter of their professional journeys as part of Verisk.”
About Signal Hill India
Signal Hill Capital Advisory India Pvt. Ltd. (“Signal Hill India”) is a leading advisory boutique serving the M&A and private capital raising needs of growth companies in the technology sector. Signal Hill India's experienced bankers provide deep domain expertise and an unyielding commitment to clients in our sectors: Software (Enterprise Software, SaaS/Cloud, FinTech/Payments & IT Security), Internet & Digital Media, and Services (IT Services, BPO, Healthcare IT, Analytics & Education). Signal Hill India has offices in Bangalore and Mumbai. For more information visit www.signalhill.com.