Tracked deals
125
125 tracked deals across 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
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| 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 |
Last 10 years
Supporting Data
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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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