New market leaders in the financial services industry are exploiting technology to capitalize on an explosion of information in the financial markets. As a result, entrepreneurial companies are delivering products and services in new and innovative ways. Summit Partners works with companies that capitalize on breakthroughs in technology to compete with the banks, broker-dealers and insurance companies that have traditionally dominated the market.
Since 1984, Summit Partners has provided growth equity to more than 30 financial services companies throughout North America and Europe. We have helped build many category-leading companies within a variety of subsectors, including asset management, financial software, insurance, payment processing and brokerage. With nearly 20 public offerings and strategic mergers in the financial services industry, Summit has a proven track record of helping companies to create value for management and shareholders.
Here are some examples:
- Summit assisted Global Cash Access Holdings, Inc., in opening its Asian headquarters in Macau in February 2007, establishing local legal representation to navigate the regulatory environment and negotiating a bank sponsorship agreement with Banco Weng Hang, S.A.
- Working with optionsXpress Holdings, Inc., Summit Partners helped formalize its management team and process, recruit a chief financial officer and independent board directors, and build an infrastructure required for very rapid growth.
- Summit assisted FleetCor Technologies, Inc., in funding its expansion internationally into the United Kingdom and the Czech Republic, and continues to identify and conduct due diligence on numerous acquisition candidates.
- Summit Partners provided the capital and resources to help Triton Systems, Inc. expand its automated teller machine product line into growth markets worldwide.
To learn more about our investments in the financial services industry, please view our portfolio.
