Cloud & SaaS Acquisitions in 2024

saas.group has acquired KingWebMaster, the maker of the Advanced Shipping Manager shipping-rate SaaS for e-commerce platforms like Shopify and BigCommerce. The deal expands saas.group's portfolio of e-commerce-focused SaaS products and aims to accelerate product development and service upgrades for KingWebMaster's merchant customers.

Panasonic Corporation agreed to acquire the remaining 80% stake in Blue Yonder from New Mountain Capital and funds managed by Blackstone for USD5.6 billion (USD7.1 billion including repayment of outstanding debt), valuing Blue Yonder at USD8.5 billion. The acquisition brings Blue Yonder fully into Panasonic to combine Blue Yonder's AI/ML-driven, cloud-based Luminate supply chain platform with Panasonic's IoT, edge and industrial engineering capabilities to accelerate an "Autonomous Supply Chain" strategy.

TeamSystem has agreed to acquire Morning (formerly Green Invoice), an Israeli SaaS business management and invoicing platform, from Fortissimo. The deal gives TeamSystem access to Morning’s ~150,000 active business customers and Open Banking capabilities as it expands its cloud business-management and fintech offerings.

MTIP, in partnership with Peakstone, has acquired a majority stake in Dossier Solutions AS; Spring Capital has completed the sale of its ownership stake. Dossier Solutions, headquartered in Oslo, Norway, is a cloud-based healthcare competency management software provider with customers including Ascension, Tenet Health, Piedmont and UCLA Health; the investment is intended to accelerate Dossier's international growth, particularly in the U.S., and support further product and technology development.

Citation Group, a UK-based provider of tech-enabled compliance and certification subscription solutions for SMEs, has welcomed a new investment from HarbourVest Partners. HarbourVest joins existing majority investors KKR and Hg to support Citation's international growth, AI product development and strategic acquisitions; financial terms were not disclosed.

Paris-based influencer marketing platform Kolsquare has acquired Woomio, a Copenhagen-founded influencer marketing SaaS provider focused on the Nordics. The acquisition strengthens Kolsquare's presence in Northern Europe and expands its product and customer footprint across 16 countries, accelerating its European growth under the team.blue group.

Frontier Growth announced a strategic equity (growth) investment in Nymbl Systems to accelerate product innovation and growth. Nymbl Systems is a cloud-based practice management software provider serving Orthotics & Prosthetics (O&P), Complex Rehabilitation Technology (CRT), and Home Medical Equipment (HME) providers across the United States.

Hostaway, a Finland-based vacation rental SaaS provider, has received a $365 million strategic growth investment led by General Atlantic with participation from existing investor PSG Equity. The minority growth capital will support international expansion, product development, and AI initiatives while both investors become significant minority shareholders.

VertexOne has completed the acquisition of Accelerated Innovations LLC, adding the MyMeter customer self-service and engagement SaaS platform to its Digital Suite. The deal expands VertexOne's analytics and customer-experience capabilities for electric, gas and water utilities, and Accelerated Innovations founder Josh Headlee joins VertexOne as Chief Architect.

Calgary-based Absorb Software has agreed to acquire mentorship platform Together Software, integrating Together's mentoring capabilities into Absorb's AI-powered learning management system. Together will become a wholly owned subsidiary, with all ~35 employees retained and the companies planning product integration to provide a more comprehensive enterprise learning solution; financial terms were not disclosed.

Bowmark-backed Totalmobile has acquired Gartan Technologies, an Ireland-headquartered specialist in rostering and workforce management solutions for emergency services. The acquisition strengthens Totalmobile's field service management platform by adding rostering and worktime management capabilities aimed at improving workforce planning and critical response times.

Orbus Software has acquired Capsifi to integrate Capsifi's business architecture capabilities into its OrbusInfinity cloud-native enterprise transformation platform, creating a more comprehensive, end-to-end strategic transformation offering. The deal expands Orbus's APAC footprint and advances its roadmap toward a Digital Twin of the Organization by combining business architecture, AI, and orchestration capabilities.

Spectral Capital Corporation (OTCQB: FCCN) has closed the acquisition of crwdunit, inc., merging crwdunit into its wholly owned subsidiary Spectral QDA Holdings, Inc. The transaction was completed via issuance of 3,750,000 shares of Spectral stock to crwdunit stakeholders and is intended to bring crwdunit's decentralized cloud / quantum-forward technology and community into Spectral's QaaS platform.

SEI Investments Company (SEI) has acquired LifeYield, a Boston-based provider of tax-smart wealth management technology. SEI will integrate LifeYield's API-driven UMH (unified managed household), tax optimization, and multi-account management capabilities into the SEI Wealth Platform to offer real-time, automated tax-aware portfolio and withdrawal optimization for advisors and institutions.

Sherweb, a Montreal-based cloud distributor, has acquired MicroWarehouse, a leading Irish IT distributor, to expand its presence in the Irish cloud market. MicroWarehouse will operate as a local business unit under its existing brand while leveraging Sherweb's global resources to broaden product and managed-service offerings, particularly in cybersecurity, business continuity and AI.

Loop has acquired Wonderment, a proactive post-purchase customer experience and order-tracking platform for Shopify merchants. The deal integrates Wonderment's real-time shipment insights and proactive alerts into Loop's commerce operations suite to broaden post-purchase capabilities and improve retention for e-commerce brands.

TeamViewer has agreed to acquire London-based Digital Employee Experience (DEX) software provider 1E from Carlyle Europe Technology Partners for an enterprise value of US$720 million. The deal, which is expected to close in early 2025 subject to regulatory approvals, brings TeamViewer a leading SaaS DEX platform (c.300 employees, US$77m ARR as of Sept 2024) to expand its intelligent endpoint management and digital workplace capabilities.

EQS Group has acquired the ethics and compliance business division from OneTrust, including the Convercent platform. The acquisition adds Convercent’s ethics, whistleblowing, policy management and analytics capabilities and retains the employees supporting the solution—strengthening EQS’s compliance software footprint, particularly in the United States.

Element451, an AI-first student engagement and CRM platform headquartered in Raleigh, North Carolina, received a $175 million strategic growth investment from PSG to accelerate AI-driven features and expand adoption across higher education. The funding will support product development and market expansion as Element451 scales its customer base of 250+ institutions.

Vector Capital, a San Francisco-based private equity firm, has acquired Bigtincan Holdings Limited for A$0.22 per share in cash, valuing the transaction at approximately A$183 million. Bigtincan — a Waltham, Massachusetts–headquartered provider of AI-driven sales and revenue enablement software — will operate as a private company with management, including CEO David Keane, expected to remain in place while Vector supports product innovation and revenue growth.

CANDID, a Nashville-based mortgage marketing and sales operating system, has acquired UnifyCRM to integrate CRM capabilities into its platform. The acquisition is intended to strengthen CANDID's platform for enterprise mortgage organizations by streamlining workflows, improving engagement, and expanding product functionality.

Volaris Group, a division of Constellation Software Inc., has acquired Orkis, a France-based provider of the Ajaris Digital Asset Management (DAM) software and premium hosting services. The deal brings Orkis' AI-enabled DAM capabilities and sovereign hosting into Volaris' vertical-market software portfolio to support growth across government, defense, luxury and local government end markets.

Amicus Capital Group has acquired Case Compass, a SaaS platform that automates client intake and case qualification for law firms. The acquisition combines Case Compass’s platform (including the 2023 Gideon Legal integration) with Amicus’s legal finance and operational support to expand capabilities and streamline intake and onboarding for plaintiff-side firms.

Deliverect, a global food‑tech SaaS provider, has acquired Tabesto, a French provider of restaurant self‑service ordering and payment kiosks. The acquisition brings Tabesto’s technology and roughly 60 employees into Deliverect to create “Deliverect Kiosk,” expanding the company’s in‑store ordering capabilities across several European markets and accelerating omnichannel growth.

Anywhere365 has acquired Tendfor AB, a Swedish provider of advanced cloud communication capabilities for mid-market and large enterprises. Tendfor and its team will form a new division within Anywhere365 to accelerate product capabilities (especially Microsoft Teams and Azure-based communications) and expand the group’s geographic footprint into Sweden.

Affiliates of Viking Global Investors have acquired a majority stake in Voyado, a Swedish retail-focused customer experience SaaS platform, in a deal intended to accelerate product development and expand Voyado's presence in the UK. Voyado has grown rapidly (32% average annual growth since 2022), is profitable, and was valued at SEK 3.5 billion (~£270 million) at the time of the transaction.

Subsplash has acquired Pulpit AI and integrated the AI-powered sermon content platform into the Subsplash engagement platform. The deal adds AI-driven content creation capabilities to Subsplash’s mobile SaaS tools for churches, enabling automatic generation of social clips, study guides, newsletters and other repurposed sermon content.

Inhabit, a PropTech company providing property management software, secured a preferred equity investment led by Blackstone Tactical Opportunities with an additional investment from Greater Sum Ventures. The funding will support product development, expand capabilities, and accelerate Inhabit's growth across the residential and vacation property management markets.

PSG Equity has made a strategic growth investment in plentysystems AG, the developer of the PlentyONE e‑commerce ERP platform, to accelerate product and services development and expand the company's presence in the DACH region and internationally. Founder and CEO Jan Griesel remains a shareholder and will continue to lead the business as PSG supports its international growth.

StarCompliance, a Marlin Equity Partners portfolio company, has acquired Argus Inc. DBA Aer Compliance to integrate cryptocurrency pre‑trade clearance and post‑trade monitoring into its employee compliance platform. The acquisition brings Aer's coin- and wallet-level monitoring and blockchain capabilities into Star's suite; Aer CEO Owen Rapaport will join Star as Executive Director of Product Management, Digital Assets.

Selerix, a McKinney, Texas–based provider of cloud benefits administration, has acquired SyncStream Solutions, a pioneer in Affordable Care Act (ACA) reporting technology. The acquisition combines Selerix's benefits platform and customer service capabilities with SyncStream's ACA reporting and advisory expertise to create an end-to-end ACA solution for employers, brokers, carriers, and staffing/PEO providers; financial terms were not disclosed.

Italian technology company Bending Spoons completed an all-cash acquisition of US-based streaming technology provider Brightcove Inc. for approximately $233 million (about $4.45–$4.46 per share). The deal, unanimously approved by Brightcove's board and its stockholders, takes Brightcove private and brings its streaming SaaS platform into Bending Spoons' portfolio to expand its video and streaming capabilities.

Unanet has acquired GovPro AI, a Washington, D.C.-based developer of an AI-powered proposal writing platform for government contractors. The acquisition integrates GovPro AI's technology into Unanet's ERP/CRM offering to accelerate Unanet's AI strategy, reduce customers' RFP drafting time and costs, and expand into the AEC market in 2025; terms were not disclosed.

Demand Chain AI Inc. has acquired Replan (the software assets of Coolgarif Technologies Ltd) and will integrate Replan into its Puls8 Intelligent Planning Solutions to expand end-to-end supply chain planning capabilities. The acquisition, which closed on November 22, 2024, adds supply planning and production scheduling functionality and supports Demand Chain AI's international expansion, including North America.

Moody's Corporation has acquired Numerated Growth Technologies, a Boston-based loan origination platform, to integrate Numerated into Moody's Lending Suite and expand Moody's end-to-end lending technology and monitoring capabilities. The deal builds on a January 2024 partnership and will accelerate Moody's capabilities across the credit lifecycle; terms were not disclosed.

Mews, the hospitality technology platform, has acquired Atomize, a Gothenburg-based revenue management software (RMS) provider. The deal integrates Atomize's real-time dynamic pricing and revenue optimization capabilities into Mews' Hospitality Cloud to deepen product capabilities and deliver greater revenue opportunities for hotel customers globally.

Message Broadcast, a portfolio company of OceanSound Partners and Energy Impact Partners (EIP), has acquired the utilities business from West Technology Group’s CX360 division ("West Utilities"). The add-on expands Message Broadcast’s cloud-based customer engagement platform with West Utilities’ high-volume IVR and outage notification capabilities used by over 40 U.S. and Canadian utilities; terms were not disclosed.

LogicMonitor, a Santa Barbara–based SaaS hybrid observability platform, announced an $800 million equity and strategic financing round led by a consortium including PSG and Golub Capital, valuing the company at approximately $2.4 billion (including debt). Vista Equity Partners will remain the controlling shareholder; the funding will be used to accelerate product and platform expansion, pursue M&A, and broaden LogicMonitor’s global footprint.

Ancor Capital Partners, a Dallas-area private investment firm, announced a strategic partnership and minority investment in Predictive Fitness, Inc., the Southlake, Texas developer of AI-powered fitness SaaS including the TriDot platform. The investment will support Predictive Fitness' growth and expansion of its AI-driven training products for endurance athletes, coaches, and broader health/wellness markets. Terms were not disclosed.

Apaleo, an API-first open property management platform based in Munich, raised €20 million in a growth equity round led by PSG Equity with participation from existing investors Redalpine, FOMCAP IV, and Rockaway Ventures. The capital will be used to accelerate international expansion across hospitality and serviced living verticals, further develop the platform, and hire talent to support growth.

Omegro, a portfolio within Volaris (part of Constellation Software Inc.), has acquired 4R Systems, a Pennsylvania-based provider of cloud-based inventory and supply chain optimization and demand planning software. The business will be integrated as a tuck-in to Omegro's Gaina vertical to expand supply chain, warehousing and logistics capabilities for the retail and consumer goods markets.

ECI-backed Ciphr has acquired Avantus, a UK-based employee benefits and rewards platform provider, adding Avantus’ FlexGenius and MyWorkPal products and a c.30-person team to Ciphr Group. The transaction expands Ciphr’s HCM proposition to include employee benefits and wellbeing as part of its strategy of complementary add-on acquisitions.

TA Associates has made a minority investment in Certinia to support the company's next phase of growth, while Haveli Investments will retain a majority position. Existing investors General Atlantic and Salesforce Ventures will continue to hold meaningful stakes as TA partners with management to accelerate Certinia's Professional Services Automation and Customer Success expansion globally.

NUSO, a cloud communications and contact center platform provider, has acquired T-Metrics, a provider of secure, government-compliant contact center solutions. The acquisition expands NUSO's enterprise and public-sector capabilities by integrating T-Metrics' FedRAMP/StateRAMP/JITC-capable solutions and experienced team.

MakeMyTrip has acquired expense management platform Happay from Indian fintech company CRED to strengthen its corporate travel offerings. The acquisition brings Happay's T&E platform and its ~900 corporate clients into MakeMyTrip's corporate travel ecosystem, enabling deeper integration of travel and expense management.

CommBox, an enterprise-grade omnichannel AI customer experience platform, received a $15 million growth investment from PSG Equity. The capital will fund CommBox’s expansion into North America and Europe and accelerate development of its AI-powered automation and security-focused features.

SalesRabbit, a Lehi, Utah–based field sales management platform, has acquired RoofLink, a Cedar Park, Texas–headquartered CRM and roofing sales solution. The deal integrates RoofLink's roof measurement, estimating, and project workflow tools into SalesRabbit's platform to provide a unified, industry-specific sales-to-production solution for roofing and home-improvement contractors.

Bregal Sagemount has made a strategic growth investment in PMWeb, a Miami-based provider of web-based construction and asset management software. The investment will support PMWeb's domestic and international expansion through organic growth and M&A; as part of the announcement founder Marc Jaude moves to Chairman and Huw Roberts is appointed CEO.

Sumeru Equity Partners has made a $330 million control investment to acquire JobNimbus, a Lehi, Utah–headquartered SaaS provider for roofing and exterior contractors. The funding — supported by a senior credit facility arranged by Monroe Capital — will be used to scale product development (including AI features), expand the team, and accelerate growth; existing investors and founders will remain on the cap table and Sumeru will join the board.

BetterCloud has acquired Tricent, a provider of automated file‑sharing governance for Google Workspace and Microsoft 365, further positioning BetterCloud as a unified SaaS lifecycle management platform. The acquisition adds automated file‑sharing/data governance capabilities to BetterCloud’s product set and expands the company’s presence in EMEA.