Good has accomplished the primary section of the sale of Good Actimize, receiving 5 non-binding provides at across the minimal worth it had set for the enterprise, roughly $2.5 billion.
Whereas bidders submitted indications of curiosity at that stage, last binding provides within the subsequent section are usually not assured to match these figures, though they can’t be decrease than the preliminary bids if the method proceeds as structured. Three non-public fairness funds and two strategic gamers have superior to the second spherical. The bidders embody Creation Worldwide, Veritas Capital, New Mountain Capital, Stone Level Capital, and SymphonyAI.
A number of potential bidders, notably those who selected to not take part within the first spherical, had been deterred by what they seen as a excessive valuation. One other issue was the absence of audited monetary statements for Actimize within the knowledge room. Such disclosures are sometimes required to safe financial institution financing, and with out them, patrons could also be compelled to depend on dearer non-public funding, a constraint that weighs particularly on strategic acquirers.
Among the many bidders, Creation stands out as one of many largest world non-public fairness corporations, with $102 billion underneath administration and investments in a whole bunch of firms. Monetary companies is a core focus, spanning banking, insurance coverage, fintech, funds, and technology-driven companies, sectors that overlap straight with Actimize’s operations.
The sale course of marks a major shift for Good, which acquired Actimize in 2007 for $280 million. The corporate, initially an Israeli developer of economic threat administration options, together with anti-money laundering, fraud detection, and regulatory compliance, was built-in into Good in 2009 and rebranded as Good Actimize.
Good is now searching for to unlock worth from the division at a time when its personal inventory has been underneath strain. Investor considerations have intensified across the potential affect of synthetic intelligence on conventional enterprise software program, notably as AI brokers and “vibe coding” instruments make it simpler for organizations, particularly startups, to construct cheaper, less complicated in-house options reasonably than buy high-cost platforms.
On the identical time, the corporate could also be trying to redeploy proceeds from a sale into acquisitions that will deepen its capabilities in AI.
Regardless of latest volatility, Good shares rose about 11% final week, lifted by robust outcomes from a peer that buoyed the broader software program sector. The corporate is at the moment valued at roughly $7.7 billion.
Financially, Good reported income of $2.9 billion in 2025, an 8% improve year-on-year, with internet revenue rising roughly 35% to $612 million. Actimize accounts for about 17% of income however contributes a disproportionate 29% of revenue, underscoring its significance inside the group.
Nonetheless, Good’s valuation stays roughly half its peak, reflecting investor skepticism over development and profitability. The corporate has additionally guided to an working margin of round 5% for the present 12 months, including to considerations about near-term efficiency.
Among the many different bidders, Veritas Capital has raised greater than $50 billion and maintains a robust presence in monetary know-how. New Mountain Capital, with over $60 billion raised, additionally holds investments throughout the sector, whereas Stone Level Capital, which has raised roughly $80 billion, focuses on monetary companies partnerships.
SymphonyAI, against this, represents the strategic angle. The corporate develops vertical AI functions tailor-made to industries equivalent to retail and finance, and is believed to be enthusiastic about Actimize as a foundational asset for increasing its AI-driven threat and compliance capabilities.