Financial Technology Industry Report – June 2012

June 8th, 2012
Venture Capital

Hyde Park Capital has released their new Financial Technology Industry Update report.

Report Highlights:

• As of June 5, 2012, the Financial Technology industry’s sectors were quite polarized: Software & Services (up 12%) outperformed the S&P 500 over the past 12-month period, while the public stock market performance of Processing & Outsourced Services (down 2%) declined slightly and underperformed the S&P 500.

• The Financial Technology industry remains active as a number of venture and growth equity investments from institutional investors have been announced and/or completed since the beginning of 2012.

• A few notable transactions include recently completed growth equity investments of $80 million into Veracity Payment Solutions from Great Hill Partners and $71 million into Internet Pipeline from a consortium of investors led by NewSpring Capital and Volition Capital.

Click here to access the report.