Acquisition marks 16th transaction advised this year by leading global M&A technology advisor, Mooreland Partners
LONDON – 3 NOVEMBER 2014 – Mooreland Partners, the leading independent investment bank providing M&A and private capital advisory services to the global technology industry, today announced that it has acted as the sole financial advisor to Futuremark Oy on its sale to UL. Terms were not disclosed. The acquisition of Futuremark marks the 16th transaction advised by Mooreland Partners since the beginning of 2014, and further strengthens Mooreland Partners’ position as a leading global M&A advisor on cross-border transactions in the enterprise software sector.
“Futuremark has pioneered software-based performance testing and built a great business model around that capability,” said Victor Garcia, Managing Director, Mooreland Partners. “Bringing UL and Futuremark together has created the clear leader in this exciting category of test and certification.”
Based in Espoo, Finland, Futuremark provides performance testing software that helps its customers to measure and benchmark the performance of hardware components, consumer devices, and operating systems. FutureMark’s benchmarking software enables technology brands, enterprise customers, media organizations, and consumers to run performance tests to critically assess hardware performance, evaluate device setup and key features, review and select components, and run regular software system checks.
UL is a global independent safety science company that certifies, validates, tests, inspects, audits, and advises. UL provides the knowledge and expertise to help customers navigate growing complexities across the supply chain. The acquisition of Futuremark strengthens UL’s software-based testing activities.