Aug 07, 2019 merit software services private limited is a private incorporated on 12 may 2004. The demand for meritsoft s products has accelerated, driven by both regulatory demand and an internal drive for efficiencies within investment banks and other capital market participants. Synova is partnering with kerril and paul burke who will continue as ceo and cto respectively. Altassets has been serving the global private equity industry for over a decade and has become established as a trusted source of independent news and views on the industry by thousands of. Synchro erp offer flexibility and greater financial control. Synovus bank, member fdic, is an equal housing lender and lends in the states of alabama, georgia, florida, tennessee, north carolina, and south carolina.
At synova we invest, advise and work together with owners and managers in order to unlock a companys full potential. Synova capital llp synova is pleased to announce it has led a growth capital investment into merit software holdings limited merit, the company or the business, a leading provider of payable and receivable reconciliation and workflow solutions to global investment banks, brokers and clearing houses. Meritsoft is the regtech, tax, posttrade and data analytics platform of choice for the worlds premier capital market institutions. Allclear insurance to be sold to synova capital report. Merit software is a specialist provider of case management solutions to capital markets houses and its clients include a number of the worlds leading financial institutions. The osborne clarke team that advised on the deal was led by partner al livingstone, who was assisted by senior associate chris yeo and associate james taylor. We dont sit on the sidelines, we get involved and make things happen. This communication is directed to properties in those states. Private equitystrategic investments venture intelligence. The uk private equity community is also becoming increasingly active in the irish market, with funds like synova capital investing in merit software last year, eci partners and bc partners both backing cartrawler, octopus ventures investment in currencyfair, and exponents investment in fintrax to name but a few. Meritsoft provides an intelligent automated platform for tax, regulatory and claims solutions for investment banks.
Their single focus is on partnering with talented managers in businesses valued between. Before joining synova, richard was an economist at global economic consulting firm compass lexecon, where he provided data analytics for a variety of merger analysis, antitrust litigation, and financial valuation cases. Treasury software is a leading developer of ach, bank reconciliation, positive pay, bai and ctx software. Synova capital is recognized as one of europes leading growth investors, generating classleading returns from investing in companies typically valued at between. Philip is the cofounder and managing partner of synova capital, a uk private equity firm with. Meritsoft had raised private equity funding from synova and 22c capital in 2015.
Randall joins the company as a director alongside peter little previously ceo and chairman of cadis software limited and cofounder of braid systems who. The development of an innovative case management and payment processing product has enabled dublin company merit software to develop sales to seven of the worlds largest investment banks. Philip shapiro managing partner and cofounder synova. Synova is a private equity investor into fast growing uk businesses. This is synova capital s 1st transaction in ireland. Fivew capital and synova capital are the most recent investors. Meritsoft is a leading provider of intelligent software solutions to global capital markets participants enabling clients to automate posttrade. Synova capital is a private equity firm specialising in investments in uk and irish growth. Synova and fivew capital invest into meritsofts growth meritsoft. Our experienced team focus on helping our portfolio companies achieve their goals. Jan 15, 2018 allclear insurance services, which posted a record breaking year in 2017 in terms of turnover and number of policies sold, is being acquired by private equity firm synova capital. Synova offers fast and accurate laser machining solutions for the tool manufacturing industry.
Osborne clarke advises synova capital on investment in. Their current partial address is dublin 2, and the company status is normal. Synova capital llp overview free company information from. Synova exits meritsoft to cognizant synova capital. S based broker dealer and a subsidiary of kcg holdings, inc. It is classified as nongovt company and is registered at registrar of companies, chennai. Synova life sciences is a privatelyowned biotechnology company that develops medical devices and methodologies to harvest the bodys power to treat the symptoms associated with degenerative. People are at the heart of every companys successno matter how large a business becomes. Most importantly, we invest institutional capital with a human touch. Merit software holdings limited was set up on friday the 30th of october 2009. Synova is partnering with meritsoft to support our continued growth and is investing alongside fivew capital, who are led by strategic us based investor randall winn, cofounder and former ceo of capital iq.
Page 1 of 2 for immediate release 11 september 2015 synova and fivew capital invest into merit software synova capital llp synova is pleased to announce it has led a growth capital investment into merit software holdings limited merit, the company or the business, a leading provider of payable and receivable reconciliation and workflow solutions to global investment. Cognizant acquires meritsoft, an awardwinning fintech. Our focus is partnering with businesses to help them achieve their full potential. Philip is chairman of the investment committee and heads the technology sector team. Merit software was sold to a publiclytraded strategic buyer in 2019. At synova the team you deal with are the key decision makers. Synova capital general partner 4 limited free company information from companies house including registered office address, filing history, accounts, annual return, officers, charges, business activity. The firm last filed a form d notice of exempt offering of securities on 20110506.
Sep 19, 2012 san francisco, ca prweb september 19, 2012 timba software, a mobile development and cloud solutions company based out of san francisco, today announced that it has merged with synova inc, a leader in sap services from detroit, michigan, to introduce a new brand, altimetrik. Ctsh, one of the worlds leading professional services companies. Nat leads synovas thai waste supply and public hearing initiatives. This is synova capital s 3rd transaction in the software sector. Technology, healthcare and education, business services and financial services. Laser microjet lmj systems are able to cut a wide range of materials such metals, ceramics, ultrahard materials and carbide substrates as well as nonconductive materials such as scd. Synova has cracked the code on wastetovalue, with clean solutions to costeffectively transform plastics contaminated and mixedmaterial, mixed waste and biomass into valuable resources such as power, chemicals and fuels. Eps is a comprehensive suite of debt mediation and rehabilitation management software addressing the challenges pertaining to debt mediation, but specifically focusing on the automation of the complex business functions of payment distribution and the settlement of creditors. Synovex one grass trenbolone and estradiol extended release implant is a growth promoting implant containing 150 mg of trenbolone acetate and 21 mg of estradiol benzoate with a porous polymer film coating that extends the payout period of the final formulation up to 200 days. It is classified as nongovt company and is registered at registrar of companies, bangalore. Multicurrency cash accounting this key module gives you multicurrency control and enables you to effortlessly track bank accounts, cash, and cash ownership. Synova capital is a private equity firm specialising in investments in uk and irish growth companies. Synova capital is actively using 15 technologies for. Synova and fivew capital invest into meritsofts growth.
This automates the entire cash accounting process, from client accounts and account composition to account reconciliation and accounts broker commissions, tax and so on. Claims management for the mobile workforce is a product offering designed to allow mobile workers in the property claims management business to capture field data and manage accounts from hand held mobile computers using microsoft windows mobile platforms. Synova innovative technologies private limited company. Cyetek simple erp is a complete erp solution software that enables the user to manage all business operations. Jobshop cutting services at synova hq or our micro. On september 10, 2015, private equity firm synova capital llp invested in software company merit software meritsoft investment highlights.
This followed the sale of kinapse to hg capital on 1 february 2016, generating a 16x return and a 126% irr. Developing a working relationship with you, backed by our financial strength and depth of services, is the foundation of the custom solutions we can provide. Synova capital has led a growth capital investment into merit software holdings limited, a leading provider of payable and receivable reconciliation and workflow solutions to global investment banks, brokers and clearing houses. Astra capital management, a private equity firm focused on the communications and technology space, has made a majority investment into dartpoints. Synova capital llp free company information from companies house including registered office address, filing history, accounts, annual return, officers, charges, business activity. Synova group is a group of related companies involved in providing business solutions to the health care, environment, defense, and insurance sectors.
Merit software ltd is a specialist provider of case management solutions. Aug 10, 2019 synova innovative technologies private limited is a private incorporated on 27 july 2001. Home news osborne clarke advises synova capital on investment in merit software. Investment banks spot the merit in brothers software.
Cognizant acquires irelandbased financial software firm meritsoft. As an independent firm with a highly focused team, we are decisive and can act quickly. Jobshop cutting services at synova hq or our micromachining. Synova capital llp overview free company information. We are pleased to announce that synova capital has led a growth capital investment in meritsoft. Synova capital llp synova is pleased to announce it has led a growth capital investment into merit software holdings limited merit, the. Synova was founded in 1998 and we has about 2500 technology professionals spread across 35 u. Leading growth investor synova capital synova is delighted to announce the sale of portfolio company meritsoft to cognizant nasdaq. We dont share your credit card details with thirdparty sellers, and we dont sell your information to others. The companys current directors have been the director of 8 other irish companies between them. Synova is an awardwinning investor into fast growing businesses across the uk and ireland. Synova invests institutional capital with a human touch. Banking products are provided by synovus bank, member fdic. Synova capital general partner 4 limited overview free.
Synova is focused on working with management teams to accelerate growth and drive. We provide commercial and custom software to corporate, governmental and nongovernmental agencies around the world. The platform allows users to work with over two dozen modules that provide support in the areas of ecommerce, sales, purchasing, pos, inventory, marketing, accounting, crm, reporting and business intelligence. Our payment security system encrypts your information during transmission. Their award winning software contains a universal interface and spreadsheet wizard that works with all major bank and accounting packages. Synova and fivew capital invest into merit software. Unlike any previous approach, synovas solution produces a clean, hydrocarbonrich gas to make possible the use of gas. Merit software is an intelligent automated platform for tax, regulatory and claims solutions for investment banks. Synova s growth capital investment will support the company in developing new products and growing its presence in the north american market. Merit software services private limited company, directors. We provide commercial and retail banking in addition to a full suite of specialized products and services including private banking, treasury management, wealth management. Marg erp best erp software solution for your business management.
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