In July, global funds and settlement network Calastone was acquired by SS&C, a global provider of services and software for the financial services and healthcare industries, for $1B. The acquisition of Calastone's technology is set to boost SS&C’s fund administration, transfer agency services, and AI automation initiatives.

In August, insurance business processes management SaaS provider Sapiens was purchased by Advent International, one of the top acquirers, for $1.4B at 4.2 times revenue. This agreement provides an opportunity to accelerate investments in technological innovation, artificial intelligence, and customer focus.

In August, global investment firm Centerbridge Partners picked up US financial services software provider MeridianLink for $1.6B at 6.2 times revenue to harness the power of AI and data, improve customer experience and accelerate product innovation.

In July, Alpha Group International was acquired by US corporate payments company Corpay for $2.4B at 7.1 times revenue. This acquisition will expand Corpay's product suite with currency management and mass payment tools, global accounts, and interest rate hedging capabilities.

Omni-chain messaging protocol software developer Stargate Foundation was acquired by Canadian-based crypto exchange platform provider LayerZero Labs for $80M in August to provide it access to additional development resources to support future growth.

Recently in September, Independent Reserve, a secure cryptocurrency exchange developer, was picked up by online financial derivatives trading services company IG Group for $82.4M at 4.9 times revenue, expanding its product and market reach and ensuring safe, regulated cryptocurrency trading.

In August, a digital insurance platform developer Prima was acquired by AXA for almost $572M. AXA’s acquisition will nearly double its motor insurance business in Italy and significantly strengthen its position in the European direct distribution channel.