Cloud & SaaS Acquisitions in Connecticut

Extra Duty Solutions (EDS), a provider of off-duty program administration services and scheduling SaaS for law enforcement and public safety agencies, received a significant growth equity investment from Bregal Sagemount. The investment will fund EDS's technology enhancements, geographic expansion, and extension of its suite of solutions; Sagemount partners will join EDS's board.

Hudl has completed the acquisition of Titan Sports, a provider of lightweight GPS wearables and athlete-performance software, integrating Titan’s player-tracking metrics into Hudl’s video and analytics platform. The deal brings Titan’s >150 metric wearable data and coach-friendly visualization tools into Hudl’s ecosystem to give coaches a combined view of video, stats and physical performance data.

ConnectedView, a provider of software for nonprofits and associations, has acquired FaithTeams, a cloud-based church management software platform. The acquisition expands ConnectedView's product suite to better serve faith-based organizations and accelerate product development for FaithTeams users.

RapidWorks has acquired FleetCommand, a SaaS fleet maintenance solution for heavy equipment and construction fleets, and will integrate the product into its suite as Rapid Fleet. The acquisition brings preventative and reactive maintenance, work order management, parts inventory and compliance reporting into RapidWorks' operations platform; FleetCommand founder Marc Lichtenfeld will join RapidWorks.

Clubessential Holdings, a provider of membership management and embedded payment SaaS, has acquired RecDesk, a Middletown, Connecticut–based provider of cloud-based recreation management software. RecDesk will join Clubessential's parks & recreation vertical alongside Vermont Systems and CampBrain to broaden the company's offerings for municipalities, schools, community centers, and similar organizations.

HARMAN, a wholly-owned subsidiary of Samsung Electronics, has acquired Roon, the music management, discovery and streaming platform for music enthusiasts. Roon will operate as a standalone HARMAN business, retaining its existing team and continuing to grow its open device ecosystem while leveraging HARMAN's scale and engineering resources to expand product capabilities and reach.

Florence Healthcare, a Site Enablement Platform provider, acquired VersaTrial, a clinical trial site solutions provider, to enhance site enablement capabilities and streamline operations for research sites, sponsors and CROs. The deal will integrate VersaTrial’s features to reduce technology burden, speed feasibility responses, and improve communication across study personnel within Florence’s global network of connected sites.

Advantive acquired VeraCore, a SaaS order and warehouse management provider for 3PLs, and ParityFactory, a food-and-beverage-focused WMS/MES, to broaden its manufacturing and distribution software offerings. The acquisitions expand Advantive's ERP/MES/WMS capabilities and enable the company to better serve third‑party logistics providers and specialty food & beverage manufacturers.

Resource Innovations, a women-led clean energy transformation firm and portfolio company of BV Investment Partners, has acquired Connecticut-based e-commerce and customer engagement company TechniArt. The add-on expands RI's digital and e-commerce capabilities to help utilities drive adoption of energy-efficient and electrification measures through improved customer engagement and program delivery.

Shibumi, a provider of strategic portfolio management SaaS, received a $30 million growth investment from Guidepost Growth Equity to accelerate global expansion, product development, and go-to-market initiatives. The capital will support Shibumi's efforts to expand its enterprise customer base and enhance its platform capabilities.

Sitero acquired Axiom, the provider of the Axiom Mentor SaaS compliance platform, to add a technology dimension to its clinical services offering and rebrand the product as Sitero Mentor. The deal will let Sitero integrate intelligent automation into IRB, IBC, IACUC and higher-education compliance workflows and expand its customer base in research and clinical compliance.

DocuPhase, a Tampa Bay-based provider of business process automation backed by LoneTree, has acquired Frevvo, a workflow automation and online forms company founded in 2008. The acquisition adds Frevvo's digital forms and signature capabilities to DocuPhase's platform to accelerate education market growth and enable payment collection via integrated forms.

Kaseya has completed its $6.2 billion all-cash acquisition of Datto, taking the company private at $35.50 per share. The transaction was funded by an equity consortium led by Insight Partners with significant investments from TPG and Temasek and participation from Sixth Street; Datto will continue to operate as an autonomous brand from Norwalk, Connecticut while being integrated into Kaseya's IT Complete platform.

Mitratech has acquired Continuity, a cloud-based Governance, Risk and Compliance (GRC) technology and advisory provider focused on banks, credit unions and the broader financial services market. The acquisition adds Continuity’s Regulatory Operations Center, AI-driven analytics and advisory services to Mitratech’s legal operations, risk and compliance product portfolio to deepen capabilities for financial-institution customers.

TA Associates is making a strategic growth investment in Insurity, a Hartford-based provider of cloud-native software and analytics for property & casualty (P&C) carriers, brokers, and MGAs. GI Partners, Insurity's existing investor, remains committed and will continue supporting the company as it seeks to accelerate product development, cloud deployments, and market expansion; Insurity has ~1,500 employees and more than 250 cloud-based customers.

K1 Investment Management provided more than $135 million of growth capital to Logicbroker to accelerate the company's global expansion and further develop its cloud-based drop ship and marketplace automation platform. Logicbroker will use the funding to scale operations, enhance product capabilities, and expand its category leadership in digital commerce fulfillment.

Mnet Health, a provider of patient financial solutions for hospitals and ambulatory surgery centers, acquired One Medical Passport, Inc., a cloud‑based perioperative workflow SaaS provider, with the deal closing on October 1, 2021. The acquisition combines One Medical Passport's front‑end SaaS capabilities with Mnet's payment services and enlarges the combined organization's ASC footprint to serve nearly 1,500 facilities nationwide.

Greybull Stewardship, a long-term oriented investment partnership, made an equity investment in VU Custom, a SaaS platform that provides personalization, customization, and small-batch manufacturing services for consumer brands. The investment will support VU Custom’s growth in recurring revenue, expand its service offering, and leverage Greybull’s experience scaling SaaS businesses.

Agility Recovery, a portfolio company of LLR Partners, has acquired Connecticut-based RecoveryPlanner, a long-standing provider of business continuity planning and incident management software (RPX). The acquisition strengthens Agility’s SaaS offering and broadens its end-to-end business continuity and risk management capabilities by integrating RecoveryPlanner’s BCMP tools and certified planning experts.

Insurity acquired Bill It Now on October 19, 2020 to strengthen its billing and payments capabilities within its cloud-based core system solutions for insurers, MGAs, and program administrators. The acquisition integrates Bill It Now's billing-as-a-service platform and managed billing department to expand Insurity's direct billing, payment processing, and MGA-focused offerings; terms were not disclosed.

Five9, Inc. has signed a definitive agreement to acquire Virtual Observer (formerly CSI), a cloud-based Workforce Optimization/Engagement Management provider. The acquisition expands Five9's WFO/WEM capabilities by integrating omnichannel recording, speech analytics and workforce management into Five9's cloud contact center platform; the transaction was expected to close prior to the end of Q2 CY2020.

Alpine Investors has invested in TEN DIGIT Communications (TDC) and plans to integrate TDC's TDC Bridge intelligent messaging platform with Virtual Hold Technology (VHT), a company Alpine previously acquired. TEN DIGIT's mobile-first messaging capabilities will be offered alongside VHT's voice callback solutions to expand customer engagement capabilities for enterprise contact centers.

Absorb Software, a Silversmith Capital Partners–backed LMS provider, has acquired ePath Learning, a Connecticut-based cloud learning technology company. The deal is Absorb’s third acquisition of 2019 and is intended to expand Absorb’s footprint and capabilities in the fast-growing LMS/LXP market.

Dallas-based ParkHub acquired the client relationships of Wireless Carpark to consolidate parking-technology services and open new markets for ParkHub's subscription-based parking solutions. As part of the deal, ParkHub added Wireless Carpark president John W. Beyer and treasurer Matt Allen to its advisory board to support integration and client service continuity.

GI Partners completed a recapitalization of Insurity, Inc., acquiring the leading cloud-based policy administration and analytics software provider for the Property & Casualty insurance industry from existing investors TA Associates, General Atlantic, and Genstar Capital. GI Partners will partner with Insurity's senior management to accelerate growth, expand product capabilities, and pursue add-on acquisitions to drive organic and inorganic expansion.

Palo Alto-based private equity firm HGGC acquired Norwalk, Connecticut–headquartered etouches, a provider of cloud event management software and venue sourcing, in a transaction that closed May 9, 2017. Prior owners and senior management retained and reinvested for a meaningful minority stake; terms were not disclosed. HGGC said it will provide capital to expand services and enhance etouches' technology to capture more of the global event management market.

Thermo Fisher Scientific has acquired Core Informatics, a Branford, Connecticut–based provider of cloud-based laboratory informatics platforms including LIMS, ELN and SDMS. The acquisition expands Thermo Fisher’s cloud and digital-lab capabilities by integrating Core’s Platform for Science into Thermo Fisher’s informatics and instrument ecosystem to better serve biopharma, genomics and industrial scientific customers.