BetaNXT
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BetaNXT - overview
Established
2022
Location
New York, NY, US
Primary Industry
Financial Services
About
Based in the UK, BetaNXT, (BETA+) is a provider of back-office processing solutions to the wealth management industry, it was initially belonged to Refinitiv by the name of BETA. After the acquisition of Refinitiv by the London Stock Exchange Group (LSEG) in January 2021, it became BETA+ with the combination of BETA, Maxit, and Digital Investor. Furthermore, in March 2022, Clearlake Capital and Motive Partners agreed to acquire BETA+ from the London Stock Exchange Group through a divestiture in a USD 1. 1 billion all-cash transaction.
The transaction was completed in July 2022. BETA+ serves global financial institutions and their clients, acting as a custodian and providing solutions for clearing, securities processing, and tax reporting. The firm is also focused on developing a front-end client solutions portal. BETA+ is comprised of BETA, Maxit, and Digital Investor.
In the year ended December 2021, the company generated approximately USD 300 million in revenue, primarily linked to US markets.
Current Investors
Clearlake Capital Group, Motive Partners
Primary Industry
Financial Services
Sub Industries
Business Support Services, e-Financial, Accounting/Finance Software, Customer Relationship Management
Website
www.betanxt.com
Verticals
FinTech
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
BetaNXT - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Delta Data Software, Inc. | - | ||||||||
| Add-on, Trade Sale | Completed | Mediant Communications Inc. | - | ||||||||
| Buyout | Completed | BetaNXT | - |
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