2006

In late 2006, Safeguard Scientifics’ partner company Mantas was acquired by i-flex Solutions, a subsidiary of Oracle Corporation, for $112.8 million, making it one of the 20 largest technology merger and acquisition transactions in the U.S. that year.

Safeguard Scientifics first partnered with Mantas in 2001, providing additional growth capital that helped the company become a leading provider of advanced fraud detection and anti-money laundering technology. At the time of its acquisition, Mantas was processing more than 100 billion fields of data from global financial transactions.