Private equity firms Summit Partners and Vista Equity Partners are exploring a potential sale of Trintech that could value the financial software provider at...
- Private equity firms Summit Partners and Vista Equity Partners are exploring a potential sale of Trintech that could value the financial software provider at about $2 billion, including debt, according to people familiar with the matter.
Plano, Texas-based Trintech generates roughly $200 million in annual revenue and about $90 million in earnings before interest, taxes, depreciation, and amortization, the sources said. Trintech's owners expect to command a valuation equivalent to more than 20 times the company's core profits, the sources added.
Trintech is a provider of cloud-based software that caters to finance and accounting departments at corporations, helping them collect, process, and analyze financial information to improve their business performance. Summit Partners acquired a majority stake in Trintech in January 2018 from Vista, which first invested in the company in 2015 and continues to hold a stake.New Jimmy Buffett bobbleheads are here. What do they look like? How to find oneNASA chose SpaceX to return astronauts from the ISS amid Boeing issues. Elon Musk's company prepares to launch major spacewalk mission.
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