Cloud & SaaS Acquisitions in Idaho

TELEO Capital Management has acquired SOFTRAX, a Boise-based provider of cloud revenue management and billing software, from TELUS Corporation. TELEO says the investment will accelerate product innovation, integrate advanced analytics/AI capabilities, and support organic and strategic growth initiatives for SOFTRAX.

Paradigm, a provider of legal practice management software, has acquired LollyLaw, a cloud-based immigration law practice management platform founded in 2014. The acquisition brings LollyLaw's immigration-specific workflows and form features into Paradigm's suite to expand capabilities for immigration law firms.

Auvik, the Waterloo-based provider of cloud-based network management software, has acquired MetaGeek, a Boise-based maker of Wi‑Fi analysis and diagnostics tools. The deal brings MetaGeek’s Wi‑Fi expertise and products into Auvik’s platform to expand capabilities for IT teams and managed service providers.

Simplify Compliance, a Leeds Equity Partners–backed portfolio company, has acquired BasicSafe, a web-based EHS (environmental, health and safety) management software. The deal is an add-on to Simplify Compliance's BLR/EHS Hero safety platform and is intended to expand the company's EHS SaaS capabilities and product offering.

Clearwater Analytics, the Boise-based SaaS provider of investment accounting and analytics, announced a new growth investment led by Permira, Warburg Pincus, Dragoneer and Durable Capital, with Welsh, Carson, Anderson & Stowe remaining the majority shareholder. The capital will support Clearwater's international expansion (including Europe and Asia-Pacific), continued R&D and pursue transformative M&A opportunities.