Cloud & SaaS Acquisitions in Arkansas

Rubicon Technology Partners has completed a strategic majority investment in Nuqleous, a Bentonville-based provider of space planning and retail analytics software, and installed Ben Cronin as CEO. The investment is intended to accelerate product innovation, scale the company’s SaaS platform, and support Nuqleous' long-term growth across CPG brands and retailers.

SPS Commerce acquired SupplyPike, a vertical SaaS provider of invoice deduction management and prevention solutions for CPG suppliers, for approximately $119 million in cash plus $87 million in stock. The acquisition expands SPS Commerce’s retail supply chain product portfolio by adding automated deduction monitoring, dispute automation and revenue-recovery capabilities; SupplyPike will operate as part of SPS’s cloud offerings.

Nuqleous, a Bentonville-based retail analytics and big-data SaaS provider, has acquired Shiloh Technologies, the developer of the ShilohNEXT AI retail data analytics platform. The deal expands Nuqleous's data-integration, analytics and retailer connectivity capabilities (including deeper support for the Walmart supplier/broker ecosystem) to accelerate product development and market growth.

Cambridge Capital has made a majority investment in STAT Recovery, a machine-learning invoice audit software platform that helps retail suppliers recover improper deductions and compliance fines. The investment will fund technology enhancements, expansion into additional retail ecosystems, and go-to-market growth; Cambridge has appointed Kamal Sundar as CEO and added senior industry executives to STAT's board.

BaseMap, a GPS hunting and outdoor planning app, acquired Arkansas-based HuntScore on January 24, 2024 to integrate hunt-planning research analytics into its mobile platform. The deal brings HuntScore founder Matt Habiger into BaseMap as Vice President – Data Sciences to lead technology integration and expand BaseMap’s planning, research and analytics capabilities for hunters.

Toronto-based Carbon6 has acquired chargeguard, a Rogers, Arkansas–based SaaS solution that automates recovery of Amazon Vendor Central fees. The deal expands Carbon6's profit-recovery offering into 1P vendor workflows and integrates chargeguard's algorithmic chargeback-recovery platform into Carbon6's marketplace ecommerce ecosystem.

Graduway + Gravyty has merged with Gratavid, integrating Gratavid’s personalized video platform into the Graduway + Gravyty product ecosystem to enhance donor, alumni, and community engagement. The acquisition aims to combine Gratavid’s video personalization and CRM integrations with Graduway + Gravyty’s existing engagement and fundraising technologies to expand capabilities and improve retention and stewardship for schools, non-profits, and healthcare organizations.

Spectrum Equity led a $163 million minority growth equity investment in Zenwork, the operator of Tax1099 and Compliancely, to accelerate product innovation and scale its digital tax compliance and regulatory reporting platforms. The capital will support product development and growth as Zenwork expands its automated e‑filing, business identity verification, and compliance offerings for small businesses, CPA firms and enterprise customers.

360insights, a global channel incentives management provider, has acquired Perks WW (Perks Worldwide), an Arkansas-based channel incentives and loyalty software provider. The acquisition expands 360insights' SaaS capabilities, user base and North American footprint and will integrate Perks WW's UI/UX-focused tools and data insights into 360insights' Channel Success Platform.