Trintech’s owners explore $2 billion sale of financial software maker, sources say By Reuters

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(Reuters) – Private equity firms Summit Partners and Vista Equity Partners are exploring a potential sale of financial software company Trintech, which could value the company at about $2 billion including debt, people familiar with the matter said.

Trintech’s owners are working with investment bankers at Deutsche Bank on a sale that could attract interest from other private equity firms, said the two sources, who asked not to be identified because the discussions are confidential.

Trintech, based in Plano, Texas, has annual revenue of about $200 million and earnings before interest, taxes, depreciation and amortization of about $90 million, the sources said. Trintech’s owners expect a valuation of more than 20 times the company’s underlying earnings, the sources added.

Summit Partners and Trintech did not respond to requests for comment, and Deutsche Bank and Vista declined to comment.

Trintech is a cloud-based software provider that caters to the needs of corporate finance and accounting departments, helping them collect, process and analyze financial information to improve their business performance.

Trinity, which is Toyota Motor Corp. and the Dallas Cowboys football team serve about 4,200 customers across a range of industries including retail, technology and manufacturing, according to its website. In 2023, Trintech acquired financial software company Fiserv Inc., gaining 400 new customers as part of the deal.

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.