Company
Every investor coverage indicates participated in a round GBST raised.
The transaction that ended GBST's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| FNZ | Acquisition | 1 Aug 2019 | $269m | Australian FinTech (Thu 1 Aug 2019), Australian FinTech (Mon 29 Jul 2019) |
Companies GBST acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Allan Brackin | Chairman | Australian FinTech (Thu 1 Aug 2019), Australian FinTech (Wed 3 Jul 2019) |
| Kirsty Worgan | Chief Commercial Officer | Australian FinTech |
| Robert DeDominicis | CEO | Australian FinTech |
Stories naming GBST. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Fintech firm GBST has hired Kirsty Worgan as its global Chief Commercial Officer, returning her to the company where she previously led business development, with responsibility for commercial growth and mergers and acquisitions.
Openmarkets Group grew its pre-IPO funding to 17.8 million dollars and agreed to buy the remaining share of trading tech developer Cannon Trading, while adding several senior staff.
GBST's board has signed a takeover agreement with FNZ at $3.85 a share, valuing the fintech near $270 million, amid competing interest from SS&C Technologies and an earlier approach by Bravura Solutions.
Also Australian FinTech
GBST's board favours SS&C's revised takeover proposal over rival offers from Bravura and FNZ, with a non-binding $3.60 per share scheme pending exclusive due diligence.
FNZ has made a non-binding indicative offer of $3.50 a share for GBST Holdings, hours after SS&C Technologies' lower bid, with the board considering both proposals.
Bravura Solutions has lifted its takeover offer for GBST to $3 per share, roughly $200 million, after earlier bids, while GBST says other unnamed parties have also approached it.
Speculation that an unidentified offshore strategic bidder, reportedly private equity backed, is preparing an indicative proposal for Australian financial software firm GBST, following Bravura Solutions' revised offer.