Cloud & SaaS Acquisitions in 2020

PointClickCare Technologies has completed the acquisition of Collective Medical, combining PointClickCare's cloud-based post-acute dataset with Collective Medical's real-time, cross-continuum care coordination network. The deal brings together complementary SaaS platforms to provide deeper, point-of-care patient insights across acute, ambulatory, post-acute and payer settings; terms were not disclosed.

HealthEdge Software, a Blackstone-backed payor technology provider, has completed the acquisition of Altruista Health, a Reston-based care management and population health SaaS platform. The deal, sold by Martis Capital, integrates Altruista's GuidingCare platform with HealthEdge's HealthRules Payor to expand capabilities across claims adjudication, payment integrity and care management; terms were not disclosed.

Cloud Equity Group, a New York–based private equity firm focused on web hosting and cloud infrastructure, acquired Canadian hosting providers Cirrus Hosting and HostMDS, both headquartered in Toronto. The purchases expand Cloud Equity Group’s platform in the web hosting/cloud space and position the combined business to accelerate growth organically and via further acquisitions.

Bain Capital Tech Opportunities and HGGC made a minority/growth investment in Buildertrend, the Omaha-based provider of cloud construction management software, marking the company's first institutional financing. The capital will be used to accelerate growth through strategic acquisitions and to expand Buildertrend's product capabilities into payments, data analytics and contractor services; financial terms were not disclosed.

Providence Equity Partners has made a majority investment in 365 Retail Markets, a Troy, Michigan-based provider of self-service commerce technology for the foodservice industry. Providence will partner with existing investor McCarthy Capital and the company's management team to support product development, customer services, and accelerated growth while CEO Joe Hessling remains a significant shareholder.

Woolpert has acquired Data Cloud Solutions, LLC, a Springfield, Ohio-based provider of CAMA-focused SaaS, GIS and mobile data-collection solutions. The deal brings DCS's CAMACloud and MobileAssessor products and machine-learning roadmap into Woolpert's geospatial, AEG and consulting platform to expand capability and reach into new public- and private-sector markets.

Adelis Equity Partners is acquiring shares from passive investors in Valamis Group Oy and providing growth capital to support the company's international expansion while management retains significant ownership. As part of the deal, Anders Böös will join Valamis' board as chairman; the transaction is subject to merger clearance and other closing conditions.

DaySmart Software has acquired Scottsdale, Arizona-based AppointmentPlus, an online appointment scheduling and dock scheduling provider. AppointmentPlus CEO Bob La Loggia and the company's 100+ employees will join DaySmart as the deal expands DaySmart's cloud scheduling capabilities and extends its reach into new verticals including supply chain, healthcare and automotive.

Converge Technology Solutions Corp. completed the acquisition of Vivvo Application Studios Ltd., a Canadian developer of an identity-management-as-a-service (IDMAAS) platform, to accelerate and integrate Vivvo’s capabilities into Converge’s TrustBuilder digital identity solution. The deal expands Converge’s product capabilities in digital identity and privacy and strengthens its presence in the Gatineau innovation ecosystem and public-sector digital services.

Intrado Corporation has acquired Asparia, Inc., a provider of EHR‑integrated patient engagement and communications software. The acquisition brings Asparia’s cloud‑native, bi-directional patient engagement platform into Intrado’s portfolio to expand its healthcare communications and patient engagement capabilities for health systems and medical practices.

Thoma Bravo has made a strategic growth investment in Zipari, valuing the company at more than $500 million, and Zipari is combining with Healthx to create an end-to-end consumer experience (CX) platform for health insurance payers and TPAs. Zipari will remain led by Founder & CEO Mark Nathan and headquartered in Brooklyn, New York; the combined business will expand product capabilities and the customer base across payer and TPA markets.

Columbus A/S agreed to divest its software subsidiary To-Increase to Gilde Buy Out Partners alongside To-Increase management for an enterprise value of EUR 113 million. The divestment is part of Columbus' strategic refocus to become a global consultancy and is expected to close in January 2021 subject to Works Council consultation; Gilde plans to support organic growth acceleration and bolt-on M&A for To-Increase.

Granicus announced a joint investment in which Harvest Partners has joined existing investors Vista Equity Partners and K1 Investment Management to support the company’s continued growth. The investment will back Granicus’ cloud-based Civic Engagement Platform as it expands digital transformation offerings for federal, state and local government customers.

Crestline Investors made a minority equity investment in Broadvoice to provide growth capital to accelerate the company's expansion in the UCaaS and CCaaS markets. Broadvoice's existing leadership will retain a majority stake and continue to run operations while using Crestline's resources to scale product development and nationwide customer deployment.

SPS Commerce, Inc. acquired D Masons Software, LLC (Data Masons), a cloud-hosted EDI software and services provider focused on the Microsoft ERP market; the deal closed December 17, 2020. As part of SPS Commerce, Data Masons' customers will gain access to SPS's global retail network and expanded supply-chain connectivity and EDI capabilities. Founders Advisors served as the sell-side advisor to Data Masons.

Funds managed by Blackstone, led by Blackstone Growth (BXG), have made a significant minority investment in ISN (ISNetworld) at a valuation of over $2 billion. The capital will be used to support product innovation and expansion into new markets and geographies, with Blackstone becoming ISN's only outside stockholder while ISN remains employee-owned.

Honeywell International Inc. has acquired Sine Group, an Adelaide, Australia–based provider of visitor management and workplace SaaS solutions. Honeywell will integrate Sine's mobile-first visitor and safety capabilities into Honeywell Forge and its Connected Buildings portfolio to expand safety, security, compliance and mobile functionality for customers globally; deal terms were not disclosed.

Syndigo, a Chicago-based provider of a SaaS product information management and syndication platform, announced a growth equity partnership with Summit Partners, with existing investor The Jordan Company participating. The investment will fund Syndigo's global expansion and continued development of its Content Experience Hub to better serve manufacturers, retailers and distributors worldwide.

Tailwind Capital has acquired ArrowStream from Diversis Capital; terms were not disclosed. Tailwind plans to invest in ArrowStream's supply-chain software platform to accelerate product development and expand market share across the foodservice and restaurant supply chain.

PTC (NASDAQ: PTC) has signed a definitive agreement to acquire Arena Solutions, a SaaS product lifecycle management (PLM) platform provider, for $715 million in cash. The acquisition expands PTC’s SaaS product development portfolio—combining Arena’s PLM and quality management capabilities with PTC’s CAD and PLM offerings—to deliver a complete CAD + PLM SaaS solution and accelerate PTC’s leadership in industrial SaaS.

iCIMS acquired mobile video platform Altru Labs to add employee-generated video storytelling capabilities to its Talent Cloud, enabling customers to capture, edit, brand, approve and distribute authentic employee videos across career sites and social channels. The acquisition integrates Altru's mobile-first platform with iCIMS' talent acquisition suite to improve candidate engagement and recruitment marketing for enterprise customers.

WestBridge has backed Eque2’s senior management team in a £46.5m management buyout that provides an exit for LDC and other institutional shareholders. Funds managed by WestBridge invested approximately £29m for a c.75% stake; management (led by CEO Justin Moule and COO Peter Davidson) will continue to run and grow the UK-based construction software business serving over 2,700 customers.

Liberty Hall Capital Partners acquired Comply365, a Beloit, Wisconsin-based provider of SaaS operational content and compliance management solutions, from investment funds managed by Luminate Capital Partners. Comply365's management team will remain in place and Liberty Hall said the acquisition advances its digitalization strategy to build an integrated, scaled provider for the aerospace and rail markets.

Virtuous, a responsive fundraising platform for nonprofits, has acquired RaiseDonors, a Dallas-based online fundraising platform. The deal expands Virtuous's online giving capabilities — including embeddable forms, customized landing pages and text-to-give — to deliver more personalized, multi-channel fundraising experiences for nonprofit customers.

Sogelink, a French provider of software and SaaS for the construction and infrastructure sector (backed by Keensight Capital), has acquired GOTMI.IO, an AI-driven collaborative cartographic platform for public works coordination. The deal adds machine‑learning mapping capabilities and open‑data standardization to Sogelink’s offering, strengthening support for public authorities and construction coordination workflows.

Wolters Kluwer's Governance, Risk & Compliance (GRC) unit has agreed to acquire eOriginal, a Baltimore-based provider of cloud-based digital lending software, for approximately €231 million in cash. The deal expands Wolters Kluwer's digital lending and loan-closing capabilities by integrating eOriginal's electronic vaulting and closing solutions with GRC's compliance offerings.

TechTarget, Inc. agreed to acquire BrightTALK, a virtual events and webinar platform, for $150 million in cash. The acquisition expands TechTarget's proprietary first‑party purchase intent data and opt‑in audience by integrating BrightTALK's webinar platform, audience of 8 million registered professionals, and subscription revenues.

Stage, a Denver-based growth venture fund, has acquired ThirdChannel, a Boston-based SaaS provider of retail execution and in-store customer experience management. The acquisition brings ThirdChannel's field agent network, field management system, and analytics platform into Stage's portfolio to accelerate growth and expand Stage's capabilities in retail-focused SaaS and tech-enabled services.

MidEuropa has agreed to acquire Sage Sp. z o.o. (Sage Poland / Symfonia) from The Sage Group plc, subject to antitrust approval, with completion expected in early 2021. MidEuropa plans to support Symfonia's growth — including new product development, expansion of its cloud offering and potential add-on acquisitions — to deepen its presence in the Polish ERP and payroll market for SMEs.

ControlUp has acquired Avacee, a cloud-first systems intelligence platform, to extend its Digital Experience Monitoring and Optimization solution to physical endpoints and device management. The Avacee founders and team will join ControlUp (establishing a new U.S. R&D presence) and the deal follows ControlUp's $27M Series C financing.

Dude Solutions, a Clearlake Capital-backed SaaS provider of operations and asset management software, has completed the acquisition of Confirm from Precisely. The purchase expands Dude Solutions' product portfolio with Confirm's smart-city and IoT-enabled asset-management capabilities and extends its presence across EMEA and APAC.

Lone Wolf Technologies completed the acquisition of W+R Studios on December 8, 2020, adding W+R's Cloud CMA and related products to Lone Wolf’s Agent, Broker, and Association Cloud suites. The deal brings W+R’s suite (Cloud CMA, Cloud Streams, Cloud MLX, Cloud Attract) and its large user base into Lone Wolf’s marketplace to deepen its cloud/SaaS offering for real estate agents, brokers, MLSs, and associations across North America.

Thumbtack has acquired Setter, a Toronto-based home management platform, to add personalized maintenance programs, virtual home consultations, and data-driven home care plans to its marketplace. The acquisition is intended to deepen homeowner engagement, accelerate growth, and give Thumbtack a presence in Canada's growing tech talent pool.

Insight Partners will take a majority stake in Exclaimer through an investment of over £100 million, with participation from Farview Equity Partners and existing investor Livingbridge. The capital will be used to accelerate product innovation, go-to-market expansion and international growth while Exclaimer's senior management remains in place.

HungerRush, a CapStreet portfolio company, has acquired OrdrAI, a conversational AI provider that enables text- and voice-based ordering for restaurants. The acquisition integrates OrdrAI's AI-driven SMS and voice ordering capabilities into the HungerRush Restaurant Management System as an add-on to expand digital ordering and self-service channels.

Serent Capital has made a growth investment in Procurement Partners, a Champaign, Illinois–based provider of a procure-to-pay (P2P) eProcurement platform serving healthcare providers. The investment will provide capital and Serent’s growth resources to help Procurement Partners scale its platform, expand its team, and reach more healthcare customers across the United States.

Horizon Capital-backed converged managed service provider DigitalSpace has acquired Arcus Cloud Services Limited (ACS), a Cambridge-based AWS advanced consulting and managed services firm. The multi-million pound deal expands DigitalSpace's cloud capabilities—particularly in public sector cloud migrations, cloud contact centres and desktop-as-a-service—and integrates ACS's AWS advisory, implementation and managed services into DigitalSpace's platform.

Insight Partners made a strategic growth investment in CommerceHub to accelerate the company’s platform innovation and expand its digital supply chain solutions. CommerceHub — an e-commerce enablement SaaS provider serving thousands of retailers, brands and distributors — will continue to be supported by existing investors GTCR and Sycamore Partners.

The Riverside Company has invested in Cordico and merged the provider of mobile wellness applications into Riverside portfolio company Lexipol. The deal adds Cordico’s purpose-built, anonymous behavioral-health SaaS for law enforcement, fire, EMS and corrections to Lexipol’s public-safety policy and training platform to accelerate cross-sell and expand wellness capabilities for first responders.

FMG Suite, a San Diego–based SaaS marketing platform for financial advisors and insurance agents, has acquired Twenty Over Ten, a State College, Pennsylvania–based SaaS digital marketing and website platform for financial professionals. The deal expands FMG Suite’s product capabilities and customer base while retaining Twenty Over Ten’s design, development, and marketing team to integrate best-of-breed lead-generation and marketing solutions for advisors.

Seismic acquired Grapevine6, a Toronto-based social and digital sales engagement platform, and will integrate its AI engine into a new offering called Seismic LiveSocial to help sellers engage across social media. The full Grapevine6 team (including CEO Mike Orr) joined Seismic, and Marlin & Associates acted as exclusive strategic and financial advisor to Grapevine6.

Vista Equity Partners has signed an agreement to take a majority investment in Gainsight, the Customer Success software company. The partnership is intended to accelerate Gainsight's product expansion, customer growth and geographic footprint while scaling the Customer Success category.

Byggfakta Group, a PE-backed data and software provider to the European construction industry, has agreed to acquire NBS from shareholders LDC and the Royal Institute of British Architects (RIBA). Headquartered in Newcastle upon Tyne, NBS is a SaaS-native specification and product information platform (NBS Chorus and NBS Source); the deal expands Byggfakta’s geographic and product footprint into the UK. The transaction is subject to customary regulatory approvals and financial terms were not disclosed.

Zywave, a Clearlake- and Aurora-backed front-office insurance SaaS provider, has acquired Insurance Technologies Corporation (ITC) from Accel-KKR. The deal adds ITC's comparative rating, agency management and marketing solutions to Zywave's Sales Cloud, expanding its product coverage across personal, commercial and benefits lines and increasing its reach into the P&C agency market.

OneShield Software, a Marlborough, Massachusetts-based provider of SaaS core systems for property & casualty (P&C) insurers, received a growth investment led by Bain Capital Credit and Pacific Lake Partners. The funding will accelerate OneShield’s expansion in the P&C insurance software market and support investments in product and delivery capabilities; financial terms were not disclosed.

Splunk Inc. has signed a definitive agreement to acquire Flowmill, a Palo Alto–based cloud network observability company that specializes in network performance monitoring using eBPF technology. The acquisition expands Splunk's Observability Suite by adding real-time cloud network telemetry and NPM capabilities; the deal was announced November 24, 2020 and expected to close in Splunk's fiscal fourth quarter.

Exclusive Networks acquired London-based Nuaware, a specialist cloud- and DevSecOps-focused distributor and services provider, to accelerate its cloud, DevOps and containerisation capabilities for channel and vendor partners. Nuaware will continue to operate as a distinct business unit under its brand, adding immediate global scale and specialist services to Exclusive Networks' partner ecosystem.

Tulip, a provider of cloud-based retail mobile and clienteling solutions, has acquired Timekit, an API-first appointment scheduling and resource management platform based in San Francisco. The deal will integrate Timekit's scheduling API into Tulip's Clienteling application to expand Tulip's omnichannel retail capabilities and accelerate product innovation.

YFM Equity Partners has made a growth investment in Force24, a Leeds-based cloud marketing automation platform. The funding will support product development, sales and marketing expansion and team growth, with YFM partner Mike Clarke joining the Force24 board.

Senseer Health has acquired UrLoop, a San Francisco–based provider of service management and communication software for senior living communities. The acquisition integrates UrLoop's resident engagement and communication capabilities into Senseer's remote care, sensor and analytics platform to expand its senior care offering; financial terms were not disclosed.