Cloud & SaaS Acquisitions in 2018

International private equity firm Cinven (Sixth Cinven Fund) has agreed to acquire One.com, a Denmark-founded web hosting and domain provider serving over 1 million customers. Cinven intends to support One.com's growth strategy—both organically and via acquisitions—leveraging its TMT experience to consolidate the fragmented European hosting market.

OpenText has acquired Liaison Technologies to integrate Liaison's ALLOY cloud-based integration and data management platform into the OpenText Cloud Platform, extending the OpenText Business Network. The deal expands OpenText's application-to-application (A2A) integration and analytics capabilities and strengthens its presence in healthcare, life sciences and automotive verticals.

Formstack, a Indianapolis-based data capture and workflow automation SaaS provider, acquired Toronto-based QuickTapSurvey to expand its mobile and offline survey capabilities and grow its international footprint. QuickTapSurvey will remain a standalone mobile surveys product while integrating with Formstack's platform features including workflow automation, HIPAA compliance, and numerous native integrations.

Chicago-based private equity firm Periscope Equity has acquired Allen Technologies, Inc., an Austin, Texas-based provider of in-room patient engagement SaaS, from Greyrock Capital Group. Periscope said it will invest in Allen’s technology and pursue expansion into new healthcare provider markets.

Hg has agreed to invest in Combell Group, the Belgian mass hosting and domain services provider, with Waterland Private Equity exiting its shareholding; terms were not disclosed and the deal is subject to regulatory approval. Hg said it will support Combell's continued organic growth and selective M&A as the company expands further across Europe.

ProcessUnity, a cloud-based provider of third-party and integrated risk management software, received a majority growth capital investment from Long Ridge Equity Partners. The capital will accelerate ProcessUnity's product and market growth in third‑party/vendor risk management and provide partial liquidity to existing shareholders; Comerica provided senior financing and advisors included Morris, Manning & Martin and DCS Advisory.

Vista Equity Partners signed a definitive agreement to acquire Alegeus, a market-leading consumer-directed healthcare (CDH) SaaS platform, from investment funds affiliated with Lightyear Capital. The acquisition will support Alegeus’ next phase of growth—leveraging Vista’s software and operational expertise to scale the platform that serves 300+ clients and about 30 million consumers.

Level Equity has made a growth investment in TeamSupport, a B2B customer support software provider, to accelerate the company’s product development, customer success, sales, and marketing initiatives. Software Equity Group served as exclusive advisor to TeamSupport on the transaction.

Reward Gateway, a global employee engagement platform, has acquired Brand Integrity, a 15-year-old U.S.-based employee engagement technology and consulting firm headquartered in Rochester, New York. The deal more than doubles Reward Gateway's U.S. team, adds new clients (including Rite-Aid, Constellation Brands, and Excellus BlueCross BlueShield), and strengthens Reward Gateway's presence in the U.S. market.

AdvancedMD, a Marlin Equity Partners–owned cloud EHR and practice management provider, has acquired Marietta, Georgia–based NueMD (Nuesoft Technologies). The deal increases AdvancedMD's North American footprint by 27%, expanding its client base to roughly 11,000 medical practices and 33,000 practitioners, and brings NueMD's clearinghouse and medical-billing capabilities into the AdvancedMD platform.

Think3, a private equity fund focused on SaaS acquisitions, has acquired Bizness Apps, a San Diego–based mobile app builder for small businesses. Bizness Apps will join Think3's portfolio and be integrated into the Think3 Prime program to expand the fund's small-business mobile solutions offering while founder Andrew Gazdecki remains with the company to support the transition.

ParkerGale Capital has made a majority investment in Rippe & Kingston, a Cincinnati-based provider of financial and practice management software for law firms. ParkerGale will invest in product development, support and sales and marketing to scale Rippe & Kingston while founder George Kingston will remain involved as a board member.

SNH Capital Partners has acquired ProMax, a Davenport, Iowa–based SaaS provider of marketing services and credit data for automotive retail dealers. The acquisition, terms undisclosed, expands SNH's presence in retail automotive solutions alongside its portfolio companies such as National Credit Center and gains ProMax's product and management capabilities.

Gladson, a portfolio company of The Wicks Group, has acquired FSEnet+ and Webcollage to combine product data management, GDSN capabilities and rich media syndication into an end-to-end product content management and distribution platform. The deal (terms undisclosed) positions Gladson to offer a unified cloud-based solution for brands and retailers to manage and syndicate verified product information and rich media across retail sites and supply chains.

Granicus has acquired Accela’s Legislative Management business (formerly IQM2), taking ownership of the unit’s operations, assets and customer contracts. The deal expands Granicus’s end-to-end legislative management and citizen engagement capabilities for local government clients and brings the IQM2 team and roughly 450 customers into Granicus’s public-sector software platform.

Unum, the Chattanooga-based benefits solutions provider, has acquired LeaveLogic, a Seattle startup that operates a parental leave management platform. LeaveLogic will continue to operate independently with its five-person team as Unum combines its absence-management capabilities with LeaveLogic's intake and employee self-service technology; terms were not disclosed.

Marlin Equity Partners has completed the acquisition of Inkling Systems, an enterprise SaaS platform for field workforce operations and knowledge delivery. Marlin said it will support Inkling's management team to accelerate growth and expand the company's presence within key verticals such as retail and franchised businesses.

CloudBees has acquired Codeship, a SaaS continuous integration and continuous delivery (CI/CD) platform. The Codeship team will join CloudBees and the product will continue to be offered as a SaaS solution while expanding CloudBees’ CI/CD portfolio and capabilities.

Daxko, a GI Partners–backed provider of software for member-based health and wellness centers, has acquired Club Automation, a Bannockburn/Chicago-area provider of web-based club management software used by 400+ facilities. Club Automation's leadership and team will remain in place as part of Daxko, strengthening Daxko's club management platform and broadening its product offering for health, medical wellness and recreation customers.

E2open acquired channel data management providers Birch Worldwide and Entomo to strengthen its channel data management and channel performance capabilities. The acquisitions expand E2open’s Smart Incentives and channel revenue management functionality and extend its market presence across EMEA, APAC and North America.

Deloitte acquired the assets of ATADATA, an Atlanta-based provider of the ATAsphere cloud management and automation platform, to expand its cloud migration and management capabilities. ATADATA founders and senior executives joined Deloitte to continue developing the platform and integrate its capabilities into Deloitte’s cloud services.