Spectrum Equity Announces Sale of Ethoca to Mastercard
BOSTON & SAN FRANCISCO / ACCESSWIRE / May 21, 2019 /Spectrum Equity, a leading growth equity firm, is pleased to announce that the previously announced acquisition of Ethoca by Mastercard has closed. Ethoca's suite of services delivers significant revenue growth and cost-saving opportunities to more than 5,400 merchants in 40-plus countries and more than 4,000 card issuers in 20-plus countries. During Spectrum Equity's four-year partnership with the Ethoca management team, the company executed on several strategic initiatives, including growing the number of merchants and issuers participating in the global collaboration network and launching Eliminator, a real-time data network enabling ecommerce merchants and card issuers to collaborate and reduce disputes and friendly fraud. With the sale to Mastercard, Ethoca joins several other category-defining Spectrum Equity portfolio companies that have been acquired by leading strategic buyers of risk and compliance software and data businesses, including BMI Research (acquired by Fitch Ratings), RiskMetrics (acquired by MSCI), Seisint (acquired by Lexis Nexis) and World-Check (acquired by Thomson Reuters). For more information on the transaction, refer to the press release issued by Mastercard.