Software Buyout Acquisitions in 2026

Tracked deals

125

125 tracked deals across 2026.

Buyer mix

Strategic-led

100 strategic · 26 pe

Top trend

Volume peaked in 2021

321 tracked deals announced in 2021.

Buyer Snapshot

Top Buyers

Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.

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Buyer # Deals Focus Type
Allshares 2 Global provider of equity ownership management software a... Strategic (PE-backed)
Aptean 2 Enterprise software provider focused on vertical solution... Strategic
Banyan Software 2 Acquirer and operator of mission‑critical enterprise soft... PE
Francisco Partners 2 Technology-focused global investment firm partnering with... PE
KatRisk 2 Global provider of catastrophe risk models and climate an... Strategic (PE-backed)
ReSpark 2 Newly formed unified technology platform company for the ... Strategic
Thoma Bravo 2 Software-focused investment firm that manages private equ... PE
Valsoft Corporation 2 Acquires and long-term develops vertical market software ... Strategic
Volaris Group 2 Vertical market software acquirer within Constellation So... Strategic
AFS 1 Commercial lending technology provider focused on loan se... Strategic

Acquisition Volume in Software Buyout in 2026 by Year

Last 10 years

Acquisition volume by year Annual acquisition counts for the last 10 years for Software Buyout Acquisitions in 2026. 21 2017 14 2018 157 2019 208 2020 321 2021 312 2022 207 2023 276 2024 306 2025 ~175 est. 125 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    AFS
    Target
    Debticate
    Industry
    Software
    Location
    United States
    Type
    Buyout

    AFS acquired Debticate, adding loan syndication and sales workflow technology to its commercial loan servicing and lifecycle management platform. The combined offering is intended to provide financial institutions a more integrated platform across the syndicated loan lifecycle, enabling automation and better coordination from origination through distribution and servicing.

  • Buyer
    Nimonik
    Target
    LegiNation, Inc.
    Industry
    Software
    Location
    Quebec, Canada
    Type
    Buyout

    Nimonik acquired LegiNation, the owner of the U.S. legislative and regulatory tracking platform BillTrack50. The deal officially closed on July 31, 2026, and will combine Nimonik’s global regulatory/standards compliance platform with BillTrack50’s real-time tracking of state and federal legislation across all 50 states. LegiNation will continue operating independently under the BillTrack50 brand, with founder Karen Suhaka remaining President.

  • Buyer
    Zest Bidco
    Target
    PSI Software
    Industry
    Software
    Location
    Berlin, Germany
    Type
    Buyout

    PSI Software entered into a delisting agreement with majority shareholder Zest Bidco, an entity indirectly controlled by funds managed by Warburg Pincus, to set up PSI’s removal from Frankfurt Stock Exchange regulated trading. Zest Bidco plans a public delisting acquisition offer for all outstanding PSI shares at the statutory minimum cash price, based on the weighted average domestic exchange price over the prior six months.

  • Buyer
    Baseten
    Target
    Blaxel
    Industry
    Software
    Type
    Buyout

    Baseten acquired Blaxel to expand its AI infrastructure platform with Blaxel’s execution, storage, and networking technology for autonomous agents. The companies aim to deliver a more integrated runtime where agents can run code in secure, persistent sandboxes alongside model inference and training in the same system.

  • Buyer
    Candle Lake
    Target
    Evolution
    Industry
    Software
    Location
    Sweden
    Type
    Buyout

    Candle Lake, a Kenneth Dart-owned investment vehicle, launched a SEK 131.7 billion mandatory public cash offer for online gaming technology company Evolution after increasing its ownership beyond Sweden’s 30% takeover threshold. Evolution shareholders are offered SEK 695 per share in cash, valuing the company at approximately SEK 131.7 billion and with acceptance expected from August 17 to September 15, 2026.

  • Buyer
    Recur Software
    Target
    FLAGS Software
    Industry
    Software
    Location
    West Midlands, United Kingdom
    Type
    Buyout

    Recur Software has completed its acquisition of FLAGS Software, a provider of quality management and production control software for complex manufacturing environments. The deal strengthens Recur’s presence in the UK and adds shop-floor quality software to its manufacturing portfolio, with plans to invest in AI capabilities to help manufacturers anticipate quality issues.

  • Buyer
    Total Synergy, Monograph
    Target
    Total Synergy, Monograph, Factor A/E
    Industry
    Software
    Location
    United States
    Type
    Buyout

    Total Synergy and Monograph announced they are joining forces to build a global technology company dedicated exclusively to the architecture and engineering (A&E) industry, leveraging Total Synergy’s international footprint and Monograph’s U.S. platform. The companies plan to use additional investor capital to develop AI-enabled solutions that modernize A&E firms’ practice management workflows. The announcement follows Total Synergy’s 2025 acquisition of Factor A/E, which together with Total Synergy and Monograph is intended to expand coverage across firm sizes, geographies, and operating models.

  • Buyer
    Freedom Holding Corp
    Target
    ChessBase GmbH
    Industry
    Software
    Location
    Germany
    Type
    Buyout

    Freedom Holding Corp. acquired 100% of ChessBase GmbH on June 1, 2026. The acquisition is intended to strengthen Freedom’s digital ecosystem and expand its technology offerings via chess software, databases, analytics, and online services.

  • Buyer
    ECI Software Solutions, Inc.
    Target
    Prima Business Control Software
    Industry
    Software
    Type
    Buyout

    ECI Software Solutions has acquired Prima Business Control Software to expand its ERP and e-commerce capabilities for office supply dealers. The deal integrates Prima’s cloud-native technology stack and AI into ECI’s end-to-end business management platform to help distributors improve ordering, inventory management, and customer fulfillment.

  • Buyer
    Francisco Partners
    Target
    Command Alkon
    Seller
    Thoma Bravo
    Industry
    Software
    Type
    Buyout

    Francisco Partners agreed to acquire a majority stake in Command Alkon from Thoma Bravo. Heidelberg Materials will retain a significant minority stake as Command Alkon expands its agentic AI and autonomous plant operation capabilities, global scaling, and payments offerings.

  • Buyer
    Mortgage Automator
    Target
    Lendr
    Industry
    Software
    Type
    Buyout

    Mortgage Automator announced its acquisition of Lendr, a US-based loan origination and servicing platform serving private and hard-money lenders. The companies say the combination will create a unified AI-enabled software platform for private lenders across the United States and Canada, while keeping both products operational during the transition.

  • Buyer
    Tyler Technologies
    Target
    CODY Systems
    Industry
    Software
    Type
    Buyout

    Tyler Technologies acquired CODY Systems to expand its public safety software portfolio with cloud-based records management and information-sharing products. The deal is expected to help small and midsized public safety agencies implement software faster and improve interoperability for real-time data access.

  • Buyer
    Leonardo DRS
    Target
    Raft LLC
    Industry
    Software
    Type
    Buyout

    Leonardo DRS has entered into a definitive agreement to acquire Raft LLC for an all-cash transaction valued at $450 million. Raft, headquartered in McLean, Virginia, provides open-architecture mission software focused on multi-domain data fusion and AI for national security customers, and the deal is expected to close in the fourth quarter of 2026.

  • Buyer
    Vena Solutions
    Target
    Morpheo AI
    Industry
    Software
    Location
    Ontario, Canada
    Type
    Buyout

    Vena Solutions entered into a definitive agreement to acquire Morpheo AI, a Toronto-based enterprise agentic data platform, subject to customary closing conditions. The deal will combine Morpheo’s Omega orchestration platform with Vena’s FP&A software to create “Vena Omega,” a cumulative context engine intended to reduce decision latency and deepen AI capabilities for finance and business performance.

  • Buyer
    Boston Globe Media
    Target
    InstaTrac
    Industry
    Software
    Type
    Buyout

    Boston Globe Media acquired InstaTrac, a Massachusetts-based government information company providing legislative and municipal tracking services. The deal expands the Globe’s ability to access and analyze government data to strengthen journalism and adds a B2B subscription information business to its portfolio.

  • Buyer
    ARMS Technologies
    Target
    Teleosoft
    Industry
    Software
    Type
    Buyout

    ARMS, a cloud-based public safety software provider and portfolio company of Vertica Capital Partners, announced it has acquired Teleosoft. Teleosoft supplies cloud-based civil process and court case management software used by more than 80 counties (over 100 offices) across the United States.

  • Buyer
    ReSpark
    Target
    UptimePM
    Industry
    Software
    Location
    United States
    Type
    Buyout

    ReSpark completed its acquisition of UptimePM, a maintenance and facility management software platform for heavy industrial operations. UptimePM is now a wholly owned part of ReSpark and will be rebranded as ReSpark Maintenance, expanding ReSpark’s metal recycling software platform with equipment maintenance and yard/facility workflows.

  • Buyer
    Harris Computer, Constellation Software Inc.
    Target
    TouchBistro Inc.
    Seller
    Francisco Partners, OMERS (Ontario Municipal Employees' Retirement Systems), Relay Ventures, Kensington Capital Partners, Business Development Bank of Canada, RBC Ventures, BMO Capital Partners, JP Morgan Chase & Co., Barclays Bank, Ten Coves Capital, Recruit Holdings Co. Ltd.
    Industry
    Software
    Location
    Ontario, Canada
    Type
    Buyout

    Constellation Software’s subsidiary Harris Computer acquired Toronto-based restaurant point-of-sale and management software provider TouchBistro for about $100 million, according to multiple reports. The deal follows a December 2023 recapitalization that left Francisco Partners controlling TouchBistro, and the sale provided limited or no value to former common shareholders, while Harris plans to continue investing in the business.

  • Buyer
    Assent Inc.
    Target
    IPOINT
    Industry
    Software
    Location
    Germany
    Type
    Buyout

    Assent, a supply chain sustainability management and product compliance provider headquartered in Ottawa, acquired IPOINT, a Germany-based product compliance and sustainability software provider. The deal is Assent’s first acquisition and expands its platform from supply chain compliance into end-to-end product lifecycle intelligence, supporting requirements such as Digital Product Passports and EU sustainability regulations.

  • Buyer
    Volaris Group
    Target
    IVES, IVES Inc, Elioz, Solupi
    Seller
    Impact Partners
    Industry
    Software
    Location
    France
    Type
    Buyout

    Volaris Group announced the acquisition of IVES and its subsidiaries IVES Inc and Elioz (including the Solupi brand). IVES provides software solutions focused on accessibility and inclusion for deaf and hard-of-hearing individuals and others facing communication barriers.

  • Buyer
    TELEO Capital Management, LLC
    Target
    Modersys (fka SmartFactory Rx)
    Seller
    Applied Materials, Inc.
    Industry
    Software
    Type
    Buyout

    TELEO Capital Management acquired SmartFactory Rx, which has been rebranded as Modersys, from Applied Materials. Modersys is a pharmaceutical manufacturing intelligence platform that uses real-time analytics, AI/ML process intelligence, and advanced process control to help regulated life sciences manufacturers improve yield, reduce variability, and accelerate time to market.

  • Buyer
    Superhuman
    Target
    GPTZero
    Industry
    Software
    Type
    Buyout

    Superhuman agreed to acquire GPTZero, an AI content detection and authenticity platform. The deal is intended to expand Superhuman’s authenticity layer and make GPTZero’s tools available within Superhuman Go across 1 million apps and websites.

  • Buyer
    Altaris, LLC (affiliates)
    Target
    Simulations Plus, Inc.
    Industry
    Software
    Type
    Buyout

    Simulations Plus entered into a definitive agreement to be acquired by affiliates of Altaris in an all-cash transaction valued at approximately $375 million. Under the terms, Simulations Plus stockholders will receive $18.50 per share, and Altaris expects the deal to close in the fourth quarter of 2026 (subject to customary conditions and approvals).

  • Buyer
    Renesas Electronics Corporation
    Target
    Pictorus
    Industry
    Software
    Type
    Buyout

    Renesas Electronics Corporation announced that a Renesas subsidiary has completed the acquisition of Pictorus, a software developer based in Oakland, California. The deal adds Pictorus’ cloud-based behavioral modeling platform to enhance Renesas 365, Renesas’ electronics system design and lifecycle management platform.

  • Buyer
    Aptean
    Target
    ROTOR Software GmbH
    Industry
    Software
    Location
    Germany
    Type
    Buyout

    Aptean acquired ROTOR Software GmbH, a provider of dealer management solutions for motorists, agricultural, and construction machinery sectors in the DACH market. The deal expands Aptean’s presence in DACH and strengthens its portfolio of purpose-built dealer management systems for machinery dealers, repair shops, and related businesses.

  • June 14, 2026
    Buyer
    Novara
    Target
    Ensogo
    Industry
    Software
    Location
    Ontario, Canada
    Type
    Buyout

    Novara announced its acquisition of Ensogo, an AI-native sustainability and ESG software platform. The deal is intended to expand Novara’s AI-powered operational risk management platform by integrating Ensogo’s sustainability technology into Novara’s Flex platform.

  • Buyer
    UniSea, Adelis Equity
    Target
    Kaiko Systems
    Industry
    Software
    Location
    Germany
    Type
    Buyout

    UniSea announced the acquisition of Berlin-based Kaiko Systems, an AI-powered frontline intelligence and vessel inspection software company for the maritime industry. The deal combines UniSea’s HSEQ, maintenance, procurement, and dry-docking platform with Kaiko’s AI-driven inspection and compliance capabilities, while Kaiko will continue operating as a distinct product with its own team and roadmap.

  • Buyer
    Thoma Bravo, L.P.
    Target
    kneat.com, inc.
    Industry
    Software
    Location
    Ontario, Canada
    Type
    Buyout

    Thoma Bravo’s affiliate completed its all-cash acquisition of kneat.com, inc. for approximately C$650 million. Kneat shareholders received C$6.50 per share and the company was delisted from the Toronto Stock Exchange.

  • Buyer
    Valsoft Corporation, Manos Software Group
    Target
    Clubspeed
    Industry
    Software
    Type
    Buyout

    Valsoft Corporation, through its wholly owned subsidiary Manos Software Group, acquired Clubspeed, a global provider of venue management software for karting tracks and other family entertainment attractions. Clubspeed will continue to operate independently with its team in place as Manos invests in AI-enabled product capabilities and supports organic growth.

  • Buyer
    CHR Group, PSG Equity, Verto
    Target
    Rmoni, Andy
    Industry
    Software
    Location
    Spain
    Type
    Buyout

    CHR Group, a European provider of digital food safety, compliance, and foodservice management software, announced the acquisitions of Rmoni and Andy. The deal is intended to expand CHR’s international footprint and broaden its capabilities beyond HACCP compliance by adding on-site operational management and connected equipment monitoring.

  • Buyer
    NeuroThera Labs
    Target
    CliniQuantum Ltd.
    Seller
    Certain CliniQuantum shareholders
    Industry
    Software
    Location
    Israel
    Type
    Buyout

    SciSparc’s majority-owned subsidiary, NeuroThera Labs, received conditional approval from the TSX Venture Exchange to acquire approximately 54% of CliniQuantum, an Israeli quantum-computing technology company focused on clinical trial data analysis. Under the share purchase agreement amended in April 2026, NeuroThera will acquire 56,375 ordinary shares (about 54% of outstanding shares) in exchange for 56.6 million NeuroThera common shares valued at approximately $9.46 million.

  • Buyer
    Greenhouse
    Target
    Ezra AI Labs
    Industry
    Software
    Type
    Buyout

    Greenhouse, a hiring platform used by more than 7,500 companies, entered into a definitive agreement to acquire Ezra AI Labs, a voice AI interviewing startup that delivers structured, on-demand candidate conversations. The acquisition was expected to close later in the quarter, and it extends Greenhouse’s structured hiring approach to the front of the recruiting funnel where application volume is highest.

  • Buyer
    Oakley Capital
    Target
    XTEL
    Seller
    Bain Capital, SilverTree Equity
    Industry
    Software
    Location
    United Kingdom
    Type
    Buyout

    Oakley Capital is acquiring a majority stake in XTEL, a revenue management and trade promotion software platform for consumer packaged goods (CPG) companies. The deal is being purchased from existing shareholders Bain Capital and SilverTree Equity, with XTEL continuing to be led by CEO Rob Mullen.

  • Buyer
    Sonar
    Target
    Gitar
    Industry
    Software
    Type
    Buyout

    Sonar announced it has acquired Gitar, an AI-native code review platform, to expand SonarQube’s code verification capabilities with AI-powered code review. The combined platform will integrate Gitar with SonarQube so AI agents can be reviewed and validated from the moment they start writing code through deployment.

  • Buyer
    Gentrack
    Target
    Factor
    Industry
    Software
    Location
    New Zealand
    Type
    Buyout

    Gentrack completed the acquisition of Factor for an enterprise value of NZ$24 million, with an additional potential NZ$10 million earn-out tied to recurring revenue growth. The purchase embeds Factor’s AI-powered pricing intelligence into Gentrack’s g2 utilities platform to enhance pricing capabilities for global energy retailers.

  • Buyer
    Celonis
    Target
    Ikigai Labs
    Seller
    Massachusetts Institute of Technology (MIT) (MIT-linked patent licensing; MIT becomes a Celonis shareholder)
    Industry
    Software
    Location
    United States
    Type
    Buyout

    Celonis launched its Celonis Context Model (CCM) to eliminate “operational blind spots” in enterprise AI agents by providing a real-time digital twin of business operations. The company signed a definitive agreement to acquire AI decision-intelligence startup Ikigai Labs, whose simulation and forecasting capabilities will be integrated into the CCM.

  • Buyer
    Mastercam Italia
    Target
    Cadline
    Industry
    Software
    Location
    Vicenza, Italy
    Type
    Buyout

    Mastercam Italia, an affiliate of Mastercam and part of the Sandvik Group, completed its strategic acquisition of Cadline, a longtime Mastercam channel partner. The acquisition transitions Cadline into Mastercam Italia to strengthen Mastercam’s direct market presence and expand national customer support for Italian manufacturers.

  • Buyer
    Long Path Partners, LP, Frankel UK Bidco Limited
    Target
    Idox plc
    Industry
    Software
    Location
    United Kingdom
    Type
    Buyout

    Long Path Partners, through Frankel UK Bidco Limited, has completed its take-private acquisition of Idox plc. Idox shareholders received 71.5 pence in cash per share, valuing the company at approximately £339.5 million on a fully diluted equity basis.

  • Buyer
    Quantum Machines
    Target
    QHarbor
    Industry
    Software
    Location
    Netherlands
    Type
    Buyout

    Quantum Machines (QM) announced the acquisition of TU Delft spin-off QHarbor to strengthen its hybrid quantum-classical software platform. The deal is intended to expand QM’s European presence by establishing a new Delft office backed by QHarbor’s team and expertise in software-defined experimentation, data management, and system integration.

  • Buyer
    DoubleU Games Co., Ltd.
    Target
    DoubleDown Interactive Co., Ltd.
    Industry
    Software
    Location
    United States
    Type
    Buyout

    DoubleU Games has submitted a proposal to acquire all outstanding American Depositary Shares of DoubleDown Interactive (DDI) not already held by DoubleU Games for $11.25 per ADS in an all-cash transaction valued at approximately $184 million. Upon completion, DDI would become a wholly owned subsidiary of DoubleU Games through a comprehensive Korean-law share exchange.

  • Buyer
    Zax.AI, Zax.AI
    Target
    Quark Software
    Industry
    Software
    Type
    Buyout

    Zax.AI acquired Quark Software, a company that provides component content design, automation, and intelligence software for end-to-end content lifecycle management. The announcement states the deal supports Zax’s focus on investing in proven software products with loyal customer bases and accelerating growth through innovation.

  • Buyer
    Perseus Operating Group of Constellation Software Inc.
    Target
    Starkwood Media Group
    Industry
    Software
    Location
    United Kingdom
    Type
    Buyout

    Perseus Operating Group (“Perseus”) of Constellation Software completed the purchase of Starkwood Media Group (“Starkwood”), a UK provider of website design and digital solutions for vehicle dealers. The acquisition adds complementary digital capabilities—such as bespoke websites and stock management—to strengthen and expand Constellation’s dealer technology portfolio.

  • Buyer
    NEOGOV
    Target
    Miller Mendel Inc. (MMI)
    Seller
    Tyler Miller (founder and CEO of Miller Mendel Inc.)
    Industry
    Software
    Location
    United States
    Type
    Buyout

    NEOGOV announced it will acquire Miller Mendel Inc. (MMI), bringing eSOPH—an electronic statement of personal history platform—into its public safety software portfolio. The acquisition is intended to expand NEOGOV’s reach in public safety and add functionality to its AI-powered background investigation software, Vetted.

  • Buyer
    QuestionPro
    Target
    Fathom
    Industry
    Software
    Location
    Canada
    Type
    Buyout

    QuestionPro, a global survey and research technology provider, announced the acquisition of Fathom, a text analytics platform for open-ended survey data and customer feedback. The deal will integrate Fathom’s AI-powered text analytics into QuestionPro’s Enterprise-grade platform, including “Fathomer,” an agentic research system for faster open-ended analysis.

  • Buyer
    Bluesky Digital Assets Corp.
    Target
    ChessGold Inc.
    Seller
    ChessGold Inc. shareholders, Gramos Mjeku (principal Vendor)
    Industry
    Software
    Location
    Ontario, Canada
    Type
    Buyout

    Bluesky Digital Assets Corp. entered into a share exchange agreement to acquire all issued and outstanding common shares of ChessGold Inc. The transaction will be implemented in exchange for 10,000,000 Bluesky consideration shares and 20,000,000 milestone warrants tied to user, revenue, and EBITDA milestones.

  • Buyer
    Teradyne, Inc.
    Target
    TestInsight
    Industry
    Software
    Location
    Namibia
    Type
    Buyout

    Teradyne announced that it has acquired TestInsight, a provider of semiconductor test development, validation, and conversion software. The acquisition is intended to strengthen Teradyne’s design-to-test software capabilities by integrating TestInsight’s pattern conversion, validation, and virtual test tools with Teradyne’s automated test equipment platforms to accelerate time to market for AI and data center devices.

  • Buyer
    ReSpark
    Target
    GreenSpark Software, ReMatter
    Industry
    Software
    Location
    United States
    Type
    Buyout

    GreenSpark Software and ReMatter announced a definitive agreement to combine, creating ReSpark, a unified software platform for the metal recycling and scrap yard industry. The combined platform serves 800+ scrap companies across 1,000+ facilities and integrates GreenSpark’s facility management and AI workflows with ReMatter’s mobile-first dispatch and compliance tooling.

  • Buyer
    Nemetschek SE, Thoma Bravo
    Target
    Heavy Construction Systems Specialists, LLC (HCSS)
    Seller
    Thoma Bravo
    Industry
    Software
    Type
    Buyout

    Nemetschek SE signed a definitive agreement to acquire Heavy Construction Systems Specialists (HCSS) from Thoma Bravo to create a global construction technology platform combining HCSS with Nemetschek’s Build & Construct segment brands (Bluebeam, GoCanvas, and Nevaris). The deal is expected to close in the second half of 2026, subject to approvals and customary closing conditions.

  • Buyer
    KatRisk
    Target
    RED
    Industry
    Software
    Type
    Buyout

    KatRisk, a provider of catastrophic risk modeling software for insurers and financial services, announced it has acquired RED, a specialist provider of catastrophe models. The deal expands KatRisk’s multi-peril modeling portfolio, accelerates development of a high-fidelity U.S. earthquake model, and integrates RED’s European earthquake platform into KatRisk’s SpatialKat in the near term.

  • Buyer
    Allshares
    Target
    Amalia
    Industry
    Software
    Location
    France
    Type
    Buyout

    Allshares announced it has acquired Amalia, a France-based company specializing in sales commission and performance management software. The acquisition adds Amalia’s rules-based technology to Allshares’ end-to-end platform for designing, executing, and governing incentive programs, including equity and long-term incentives.

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