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ARGO Data Resource Corporation Transaction Details > Merger/Acquisition


Deal Overview Consideration Details Deal Timeline Transaction Quick Comps
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Currency: British Pound  Go Exchange Rate = 0.659

Deal Summary
Primary Transaction
Status Closed Acquisition of Equity Stake
Feature
Announced Date Aug-01-2013 Bid Made Date -
Letter of Intent Date - Effective Date -
Definitive Agreement Date Aug-01-2013 Closed Date Aug-01-2013
CIQ Transaction ID IQTR244942329 Cancelled Date -

Sell-side Participants
Advanced Software Design
Company Name: Primary Industry: Application Software
Corporation
Headquarters: Canada
Buy-side Participants
Buyer Company: ARGO Data Resource Corporation
Deal Values
Total Consideration to Total Transaction Size (£
- -
Shareholders (£ mm) mm)
Implied Equity Value (£ Implied Enterprise Value
- -
mm) (£ mm)
Implied Enterprise Implied Enterprise
- -
Value/LTM Revenue Value/NTM Revenue
Implied Enterprise Implied Enterprise
- -
Value/LTM EBITDA Value/NTM EBITDA
Implied Enterprise Implied Enterprise
- -
Value/LTM EBIT Value/NTM EBIT
Implied Equity Value/LTM
- Offer Price/NTM Earnings -
Net Income
Implied Equity Value/Book Offer Price/Forward Book
- -
Value Value

Synopsis
Comments
ARGO Data Resource Corporation acquired Advanced Software Design Corporation on August 1, 2013. Ted Koffman, John
Boscariol, TJ Kang, Robin Mahood, Brian O'Neill and Donovan Plomp of McCarthy Tétrault LLP acted as legal advisors to
ARGO Data Resource Corporation. Don J. Mcdermett of Baker Botts LLP acted as legal advisor to ARGO Data Resource.
Deal Resolution
ARGO Data Resource Corporation completed the acquisition of Advanced Software Design Corporation on August 1, 2013.

Advisors
Advisor Name Client Name Role Fee(£) Fee Percentage (%)
Baker Botts L.L.P. ARGO Data Resource Corporation Legal Advisor - -
McCarthy Tétrault LLP ARGO Data Resource Corporation Legal Advisor - -

Transaction Details
Features
Cross-Border, Terms Not Disclosed
Change of Control Yes Deal Approach Unsolicited
Minority/Majority Stake Majority Deal Attitude Friendly
Accounting Method Purchase Acquisition Special Committee -
Sell-side Termination Fee Sell-side Termination Fee
- -
(£ mm) (%)
Buy-side Termination Fee Buy-side Termination Fee
- -
(£ mm) (%)

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ARGO Data Resource Corporation > Transaction Details > Merger/Acquisition Page 2 of 3

Consideration Summary
Consideration Type
Unknown
Offered Current/Final
Date Aug-01-2013 Date Aug-01-2013

Exchange Rate 0.659 Exchange Rate 0.659


Consideration to Consideration to
- -
Shareholders (£ mm) Shareholders (£ mm)
Offer Per Share (£ ) - Offer Per Share (£ ) -
Total Cash (£ mm) - Total Cash (£ mm) -
Total Stock (£ mm) - Total Stock (£ mm) -
Total Preferred (£ mm) - Total Preferred (£ mm) -
Total Debt (£ mm) - Total Debt (£ mm) -
Total Hybrid (£ mm) - Total Hybrid (£ mm) -
Total Total
Rights/Warrants/Options - Rights/Warrants/Options -
(£ mm) (£ mm)

Transaction Values
Offered Current/Final
Exchange Rate 0.659 Exchange Rate 0.659
Consideration to Consideration to
- -
Shareholders (£ mm) Shareholders (£ mm)
Other Consideration (£ Other Consideration (£
- -
mm) mm)
Total Earnouts (£ mm) - Total Earnouts (£ mm) -
Total Total
Rights/Warrants/Options - Rights/Warrants/Options -
(£ mm) (£ mm)
Net Assumed Liabilities (£ Net Assumed Liabilities (£
- -
mm) mm)
Adjustment Size (£ mm) - Adjustment Size (£ mm) -
Total Net Transaction Total Net Transaction
- -
Value (£ mm) Value (£ mm)
Total Cash & Short Term Total Cash & Short Term
- -
Investments (£ mm) Investments (£ mm)
Total Gross Transaction Total Gross Transaction
- -
Value (£ mm) Value (£ mm)

% Sought 100.0% % Sought/Acquired 100.0%


Implied Enterprise Value Implied Enterprise Value
- -
(£ mm) (£ mm)
Implied Equity Value (£ Implied Equity Value (£
- -
mm) mm)

Target Company Details


Advanced Software Design Corporation
Advanced Software Design
Company Name: Primary Industry: Application Software
Corporation
Website: www.asdc.com Headquarters: Ontario, Canada
Business Description
Advanced Software Design Corporation designs, develops, and markets fraud prevention solutions for image based and
electronic transactions. It offers SAND, a software solution to prevent check counterfeits, forgeries, and payee alterations;
OASIS, a multi-channel transaction analysis, image analytics, and anti-money laundering platform to detect fraud on
personal and business accounts; and ValidateCheck, an intra-bank and inter-bank payment validation platform for on-us and
non-onus transactions. The company serves banks, credit unions, and financial service companies. It has strategic
partnerships with Fidelity Information Services, open solutions, PARASCRIPT, VSOFT, and WAUSAU. Advanced Software
Design Corporation was founded in 1994 and is based in Richmond Hill, Canada. As of August 1, 2013, Advanced Software
Design Corporation operates as a subsidiary of ARGO Data Resource Corporation.

Buyer Company Details


ARGO Data Resource Corporation

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ARGO Data Resource Corporation > Transaction Details > Merger/Acquisition Page 3 of 3

ARGO Data Resource


Buyer Name: Primary Industry: Application Software
Corporation
Website: argodata.com Headquarters: Texas, United States
Business Description
ARGO Data Resource Corporation provides software solutions for financial services and healthcare industries in the United
States. The company offers solutions for sales and service process innovation, customer management, employee
engagement/performance management, risk management, cost management, revenue expansion, entity resolution, and
payments; and analytics solutions for forecasting, fraud detection, and search needs. It also provides services, such as cost
benefit analysis, LOB version release planning/consulting, implementation and systems integration, quality testing,
education and training, help desk support, application outsourcing, compliance, credit risk advisory, analytics and data
interpretation, early detection monitoring services, and environmental and configuration management. The company was
founded in 1980 and is based in Richardson, Texas. It has an additional office in Memphis, Tennessee.
Company Relationship Information
Current Subsidiary/Operating
Relationship Type: Lead Investor: No
Unit
Current Investment (£
- Total Investment (£ mm): -
mm):
Percent Currently Held
Percent Acquired (%): 100.00000 100.00000
(%):
Proprietary Relationship Details
Percent of Funds Invested Return On Investment
(%): - (%): -
(Proprietary Data Only) (Proprietary Data Only)
Investor Notes:
(Proprietary Data Only)

* Denotes that the information is proprietary. Proprietary data is in USD only.

Historical Equity Pricing Data supplied by

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