Tracked deals
97
97 tracked deals across 2018-2026.
Cloud & SaaS Buyers & Acquisitions in Illinois
Buyer mix
Mixed buyer set
65 pe · 54 strategic
Top trend
Volume peaked in 2021
19 tracked deals announced in 2021.
Primary Insight
What Stands Out
- Repeated participation from tech and PE-focused investors such as Bain Capital Tech Opportunities (Bain Capital), The Riverside Company, Thoma Bravo, Ares Management Corp., and Blue Owl Capital Inc.
- Common capability themes: AI-driven products, workflow automation, and platform expansion into adjacent enterprise workflows
- Deal activity spans multiple Cloud & SaaS subsectors, including treasury/risk/compliance software (GTreasury via Ripple), sales enablement and MSP intelligence (Paratira via RAY·ALLEN), and compliance/connectivity workflows (4U Platform via Red Oak)
- Geographic consistency: the page’s highlighted transactions are located in Illinois, United States
- Deal structures vary, including full acquisitions (e.g., Mode.Inc, Ripple, Syndigo) and minority strategic investments (e.g., Datatec plc in RAY·ALLEN; Milestone Partners investment in Set Forth (FORTH))
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Summit Partners | 3 | Global alternative investment firm providing growth equit... | PE |
| Thoma Bravo | 3 | Software-focused private equity investor that makes contr... | PE |
| 7RIDGE | 2 | Specialized growth equity firm investing in transformativ... | PE |
| Hg | 2 | Private equity firm focused on investing in and scaling s... | PE |
| Insight Partners | 2 | Global venture capital and private equity firm investing ... | Investor |
| L Squared Capital Partners | 2 | Private equity firm investing in growth companies focused... | PE |
| PSG | 2 | Growth equity firm that partners with software and techno... | PE |
| Syndigo | 2 | SaaS product information, digital asset management and sy... | Strategic (PE-backed) |
| The Jordan Company | 2 | Middle-market private equity firm focused on investments ... | PE |
| 11:11 Systems | 1 | Managed infrastructure solutions provider delivering clou... | Strategic (PE-backed) |
Acquisition Volume in Cloud & SaaS in Illinois by Year
Last 9 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
July 17, 2026
- Buyer
- Signal Labs, Lightspeed Venture Partners
- Target
- BrassRing
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
Signal Labs, an enterprise software company backed by Lightspeed Venture Partners, acquired BrassRing, a talent acquisition platform used by Fortune 500 companies for applicant tracking, hiring workflows, and onboarding. Signal Labs will layer its SignalOS “attention” infrastructure on top of BrassRing to provide forward-looking talent risk and outcome signals, while BrassRing will continue operating as a standalone product.
-
July 17, 2026
- Buyer
- PartnerOne
- Target
- ISI Analytics
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
PartnerOne, an enterprise software acquisition group operating as a permanent-capital acquirer, acquired ISI Analytics, which provides analytics and operational intelligence for enterprise collaboration platforms such as Microsoft Teams, Cisco, and Webex. The deal is intended to accelerate product innovation, deepen customer success, and expand AI-enabled capabilities in collaboration analytics.
-
June 17, 2026
- Buyer
- Mode.Inc
- Target
- Trimbox, QR Code Reader
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Addon
Mode.Inc announced the acquisition of Trimbox (an email inbox management app) and QR Code Reader (a utility app) to expand its EarnOS-powered AI data network. The deals add low eight figures in annual revenue and are intended to scale Mode’s EarnOS monetization and permission-based, consented behavioral data supply across a portfolio exceeding 100 million monthly active users.
-
- Buyer
- RAY·ALLEN, Inc., Datatec plc
- Target
- Paratira Limited
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
RAY·ALLEN completed the acquisition of Paratira Limited’s enterprise platform technology and customer assets. The deal integrates Paratira’s AI-driven capabilities into RAY·ALLEN’s NexaONE/Nexa Platform Suite, adding sales enablement and “Day 2” operational intelligence for MSPs. Separately, Datatec plc made a minority strategic equity investment in RAY·ALLEN, partnering to support its platform expansion while RAY·ALLEN remains independently operated under existing leadership.
-
March 24, 2026
- Buyer
- eMagazines
- Target
- eType Services
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
eMagazines, a digital publishing and distribution platform, announced the acquisition of eType Services, a provider of digital editions and technology for community newspapers in the United States. The deal brings eMagazines’ mobile-first reading and monetization capabilities to hundreds of community newspapers served by eType Services.
-
February 12, 2026
- Buyer
- Goldman Sachs Alternatives, Ares Management Corp., Blue Owl Capital Inc., Antares Capital, Apollo Global Management Inc.
- Target
- Clearwater Analytics Holdings Inc.
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
A group of private credit firms led by Goldman Sachs Alternatives is providing $3.5 billion in debt to support the buyout of Clearwater Analytics Holdings Inc. Ares Management, Blue Owl Capital, Antares Capital, and Apollo Global Management are also joining the lender group.
-
November 10, 2025
- Buyer
- Thoma Bravo, 7RIDGE
- Target
- Trading Technologies International, Inc.
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Growth capital
Thoma Bravo has closed an investment in Trading Technologies, joining existing investor 7RIDGE in the company's ownership to support the next phase of platform expansion and product innovation. Terms were not disclosed; advisors to the transaction included Houlihan Lokey and Barclays for Trading Technologies and Ardea Partners and Goodwin Procter for Thoma Bravo.
-
November 4, 2025
- Buyer
- Milestone Partners
- Target
- Set Forth, LLC (FORTH)
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
Milestone Partners has made a majority equity investment in Set Forth, LLC ("FORTH"), the developer of the ForthCRM and ForthPay SaaS platform for specialty finance and consumer debt providers. The FORTH management team and co-founders will remain significant equity holders; a credit facility led by Western Alliance Bank (syndicate including Axos Bank, WSFS Bank and Sunflower Bank) supports the transaction and Milestone will help accelerate product development and market expansion.
-
October 16, 2025
- Buyer
- Ripple
- Target
- GTreasury
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
Ripple announced its $1 billion acquisition of GTreasury, described as the global leader in treasury management systems. The deal is intended to expand Ripple’s access to the multi-trillion-dollar corporate treasury market and combine GTreasury’s treasury/risk/compliance capabilities with Ripple’s digital-asset and payments infrastructure.
-
September 16, 2025
- Buyer
- Willow Lane Acquisition Corp.
- Target
- Boost Run, LLC
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
Boost Run, a provider of secure, on-demand AI cloud infrastructure and high-performance computing (HPC), entered into a definitive business combination agreement with SPAC Willow Lane Acquisition Corp. The deal is designed to take Boost Run public on Nasdaq under ticker BRUN, with an expected closing in 2025 and later completion after shareholder approval in April 2026.
-
September 3, 2025
- Buyer
- Syndigo, Summit Partners, TJC, L.P., Battery Ventures
- Target
- 1WorldSync
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Addon
Syndigo has acquired 1WorldSync to create a combined AI-first Product Experience Management (PXM) business serving brands, retailers and distributors globally. The deal — which brings together Syndigo and 1WorldSync under a PE-backed ownership group including Summit Partners, TJC, L.P., and Battery Ventures — expands Syndigo's network, product capabilities and global footprint.
-
August 12, 2025
- Buyer
- Frontier Growth
- Target
- Albi
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Growth capital
Frontier Growth has made a strategic growth investment in Albi, a vertical restoration management software platform, to accelerate the company’s product development and expansion within the restoration industry. The funding (announced alongside Albi’s Series B round) will support Albi’s mission to modernize workflows for restoration contractors and scale its mobile-first platform.
-
August 5, 2025
- Buyer
- Willcrest Partners, Willcrest Holdco, LLC
- Target
- REQUORDIT
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
Willcrest Partners, a San Francisco–based private investment firm backed by family office capital, has acquired REQUORDIT, a provider of enterprise content management and workflow automation solutions. The deal (the first acquisition into Willcrest Holdco, LLC) will support acceleration of REQUORDIT's CloudOCR and CloudPAYit products and expansion of its technical consulting capabilities for construction, manufacturing, financial services and public sector clients.
-
April 7, 2025
- Buyer
- Red Oak
- Target
- 4U Platform
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
Red Oak, a compliance and marketing review software provider, has acquired 4U Platform, a content distribution, engagement, and analytics platform for the investment industry. The deal integrates 4U's distribution and engagement capabilities with Red Oak's AI-powered compliance workflows to create a unified Compliance Connectivity Platform for investment companies and wealth managers.
-
March 31, 2025
- Buyer
- Science Exchange
- Target
- HappiLabs
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
Science Exchange, a life-sciences procurement and supplier management SaaS provider, has acquired HappiLabs, a Chicago-based software and services company that provides Virtual Lab Manager (VLM) procurement support for life sciences organizations. The deal brings HappiLabs' PhD-trained procurement team and lab-sourcing expertise into Science Exchange to deepen procurement capabilities, expand access to specialized lab consumables, and better serve biotech, pharma and SMB life-science customers as part of Science Exchange's growth strategy backed by Waud Capital Partners.
-
March 17, 2025
- Buyer
- Thoma Bravo
- Target
- PCMI
- Seller
- PCMI management, PCMI employees, Equality Asset Management (EAM)
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Growth capital
Thoma Bravo announced a strategic growth investment in PCMI, a provider of cloud-based administration software for automotive and consumer finance & insurance (F&I) products. Existing shareholders — including PCMI management, employees and Equality Asset Management — will retain minority positions as Thoma Bravo partners with PCMI to enhance its platform and accelerate global growth.
-
January 21, 2025
- Buyer
- CPGIO
- Target
- ShoppingGives
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
CPGIO has acquired ShoppingGives to integrate the latter's commerce-enabled philanthropic platform into CPGIO's e-commerce and CPG technology stack. As part of the deal, ShoppingGives co-founder Ronny Sage joins CPGIO as Senior Vice President of Strategy to lead integration and product growth, expanding CPGIO's capabilities across e-commerce, DTC, and marketplace solutions.
-
January 14, 2025
- Buyer
- Property Meld
- Target
- Mezo
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
Property Meld, a property maintenance operations platform, has acquired Mezo, an AI software provider that offers an AI virtual maintenance technician for residential work order intake, triage, and mitigation. The deal enhances Property Meld's AI capabilities to improve intake, remediation and data capture for faster, more efficient property maintenance operations.
-
September 23, 2024
- Buyer
- Fastbreak.ai
- Target
- Tourney Pro
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
Fastbreak.ai, an AI-driven sports scheduling SaaS provider headquartered in Charlotte, North Carolina, has acquired Tourney Pro, a tournament management platform for youth sports. The deal brings Tourney Pro founder Ray Glassmann into Fastbreak.ai as General Manager of Youth Products and expands Fastbreak.ai’s capabilities and footprint in the youth sports market.
-
September 9, 2024
- Buyer
- Confluent, Inc.
- Target
- WarpStream
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
Confluent, Inc. has acquired WarpStream, a Kafka-compatible BYOC (Bring Your Own Cloud) data streaming platform, to add a BYOC deployment option to its product portfolio. The deal expands Confluent's offerings for high-scale logging, observability, and data lake ingestion workloads and is not expected to have a material impact on Confluent's 2024 financial results.
-
June 18, 2024
- Buyer
- TravelPerk
- Target
- AmTrav
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
TravelPerk, the hyper-growth SaaS business travel platform, has acquired Chicago-based AmTrav to deepen its U.S. presence and double its U.S. revenue. The deal is supported by a new $135 million credit facility led by Blackstone Credit & Insurance and Blue Owl Credit, alongside TravelPerk’s recent equity funding, to drive further organic and inorganic growth.
-
- Buyer
- PSG Equity
- Target
- Benchmark Analytics
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Growth capital
Benchmark Analytics, a Chicago-based SaaS provider of data-driven personnel and risk management solutions for law enforcement, has received a strategic growth investment from PSG Equity. The investment will support product enhancement and expansion of Benchmark’s analytics, early-intervention, and personnel management offerings for public safety agencies across the U.S.
-
- Buyer
- Geoforce
- Target
- Temeda
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
Geoforce, a provider of asset tracking and management solutions, has acquired Temeda, an industrial equipment tracking and vehicle telematics platform provider. The acquisition expands Geoforce's customer footprint, channel partner network and product capabilities—adding telematics, route optimization and fuel-card integrations to its offering.
-
March 29, 2024
- Buyer
- Netreo
- Target
- CloudMonix
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
Netreo acquired CloudMonix, a Chicago-based Microsoft Azure monitoring and automation company, to expand its cloud monitoring and self-healing capabilities. The acquisition adds Azure-focused observability, auto-scaling and automation features to Netreo’s full-stack IT monitoring platform, strengthening its offering for DevOps teams, MSPs and cloud service providers.
-
March 12, 2024
- Buyer
- BetterCloud
- Target
- G2 Track (product line of G2)
- Seller
- G2
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Divestiture
BetterCloud has acquired the G2 Track product line from G2 and formed a strategic partnership with G2 to combine SaaS operations and spend intelligence. The acquisition integrates G2 Track’s spend and license management capabilities into BetterCloud’s SaaS Management Platform to give IT and Finance teams unified visibility and automation for managing SaaS costs and usage.
-
January 24, 2024
- Buyer
- Box, Inc.
- Target
- Crooze Corporation
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
Box, Inc. has acquired Crooze Corporation, a provider of no-code enterprise content management and document automation tools built on the Box platform. Box will integrate Crooze's no-code app builder, metadata capabilities and team into the Box Content Cloud to expand contract lifecycle management, digital asset management and AI-driven metadata capabilities.
-
January 18, 2024
- Buyer
- Edgewater Equity Partners
- Target
- Ascent Technologies
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
Edgewater Equity Partners, a Boston-based private equity firm, has acquired Ascent Technologies, a Chicago-headquartered provider of AI-enabled compliance automation for financial services. The acquisition will support accelerated development of Ascent's regulatory compliance platform and expansion of its AI-driven capabilities for financial institutions.
-
December 11, 2023
- Buyer
- Formstack
- Target
- Formsite
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
Formstack, a PSG- and Silversmith-backed workflow automation SaaS provider, has acquired Formsite, a Chicago-area online forms and surveys provider. The acquisition expands Formstack’s data-capture and forms capabilities, giving Formsite customers access to Formstack’s broader workflow automation, document generation, and eSignature tools.
-
December 5, 2023
- Buyer
- Hashlock
- Target
- StealthTest
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
Hashlock, an Australia-based blockchain security and smart contract auditing firm, has acquired StealthTest, an API-based Web3 developer platform that provides private test networks for EVM-compatible chains. The acquisition — advised by Areta — will integrate StealthTest into Hashlock's offering to create a full-stack developer suite for building, testing, auditing, and deploying Web3 projects; terms were not disclosed.
-
November 20, 2023
- Buyer
- Janover Inc.
- Target
- Groundbreaker Technologies, Inc.
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
Janover Inc. (Nasdaq: JNVR) acquired Groundbreaker Technologies, Inc., a profitable SaaS platform that helps commercial real estate professionals raise equity capital and manage investors. The deal adds an equity funding capability to Janover’s loan marketplace, shifting a larger portion of revenue toward predictable subscription income and expanding the company’s fintech product suite.
-
September 14, 2023
- Buyer
- Origami Risk
- Target
- Dais Technology
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
Origami Risk has acquired Dais Technology, a no-code insurance SaaS platform, to expand Origami’s product creation, rating and storefront capabilities for property & casualty insurers, MGAs and reinsurers. Dais will operate as a subsidiary and continue to be led by co-founders Jason Kolb, Aaron Larson and Milos Dedovic; terms were not disclosed.
-
September 7, 2023
- Buyer
- Cordance
- Target
- Aldrich Web Solutions
- Seller
- Heath Aldrich (Founder)
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
Cordance, a Raleigh-based software company that acquires and scales vertically-focused B2B SaaS businesses, has acquired Aldrich Web Solutions, an e-commerce and web development provider for industrial distributors. The deal adds Aldrich's WebAlliance ERP-integrated e-commerce platform and development expertise to Cordance's portfolio to accelerate capability expansion in the industrial distribution vertical.
-
August 22, 2023
- Buyer
- 1WorldSync
- Target
- PowerReviews
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
Chicago-based product content orchestration provider 1WorldSync has acquired PowerReviews, a Chicago-based SaaS provider of user-generated ratings, reviews and related content. The acquisition adds UGC (ratings, reviews, Q&A, images, video) and analytics capabilities to 1WorldSync's suite to help brands and retailers boost e-commerce conversions; terms were not disclosed.
-
August 8, 2023
- Buyer
- Roper Technologies
- Target
- Syntellis Performance Solutions
- Seller
- Thoma Bravo, Madison Dearborn Partners
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
Roper Technologies completed the acquisition of Syntellis Performance Solutions in an all-cash transaction for a net purchase price of $1.25 billion (enterprise value reported at $1.4 billion by sellers). Syntellis, a cloud-based enterprise performance management (EPM) software and data provider serving healthcare, higher education and financial institutions, will be combined with Roper's Strata Decision Technology business to expand product capabilities and market coverage.
-
August 1, 2023
- Buyer
- StoreForce, Accel-KKR
- Target
- ThinkTime
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Addon
StoreForce, a Toronto-based retail operations software provider, has acquired ThinkTime, a Chicago-based retail execution and task-management software vendor. The deal comes after StoreForce received a majority investment from tech-focused private equity firm Accel-KKR, and is intended to expand StoreForce's retail execution, tasking and ticketing capabilities as an add-on to its platform.
-
July 13, 2023
- Buyer
- Stone-Goff Partners
- Target
- BigScoots
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Growth capital
Stone-Goff Partners, a growth-oriented private equity firm, has made an investment in BigScoots, a managed WordPress hosting and value-added managed hosting provider. The capital will support BigScoots' product and service development, channel partnerships, team expansion, efficiency improvements and pursuit of complementary M&A as the company scales its 9,000+ customer base.
-
July 12, 2023
- Buyer
- Marsh McLennan Agency
- Target
- Trideo Systems
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
Marsh McLennan Agency, a subsidiary of Marsh McLennan, has acquired Trideo Systems, an Arlington Heights, Illinois-based provider of a risk management information system (RMIS) for healthcare organizations. Terms were not disclosed; all Trideo employees will join Marsh McLennan Agency and operate out of the Schaumburg, Illinois office as the firm integrates Trideo's RMIS technology and analytics into its healthcare offerings.
-
May 18, 2023
- Buyer
- Hg
- Target
- GTreasury
- Seller
- Mainsail Partners
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
Hg has made a majority investment in GTreasury, the Chicago-based treasury, payments, and risk management SaaS provider. GTreasury's management team and former majority owner Mainsail Partners will remain investors; Hg's capital and software operating expertise will support product development and geographic expansion. Terms were not disclosed.
-
April 26, 2023
- Buyer
- Lumiant
- Target
- Genivity
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
Lumiant, a cloud-based advice and client engagement platform, acquired Genivity, the developer of the HALO (Health Analysis & Longevity Optimizer) longevity and health-planning solution for financial advisors. The acquisition integrates Genivity's longevity modeling into Lumiant's platform to enable advisors to deliver more personalized, health-aware financial planning; financial terms were not disclosed.
-
- Buyer
- Great Hill Partners
- Target
- Fusion Risk Management
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
Great Hill Partners has made a strategic growth investment to acquire a majority stake in Fusion Risk Management, a cloud-based operational resilience and risk management software provider. Existing investor Vista Equity Partners will remain a significant minority shareholder alongside Catalyst Investors and Level Equity Management; funds will be used to accelerate product innovation and scale go-to-market capabilities.
-
- Buyer
- Bain Capital Tech Opportunities (Bain Capital)
- Target
- iManage
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Growth capital
Bain Capital Tech Opportunities, the tech-focused investment arm of Bain Capital, has made a minority growth investment in iManage to accelerate the enterprise software company’s cloud and AI product development and global growth. iManage will continue to be led by CEO and co-founder Neil Araujo and will use the capital to deepen its product capabilities and expand in its core legal, accounting, and financial services markets.
-
March 22, 2023
- Buyer
- PSG
- Target
- Adeptia
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Growth capital
PSG led a $65 million strategic growth investment in Adeptia, a Chicago-based B2B data integration software company. The capital will be used to accelerate product innovation, customer success and market adoption; Adeptia also appointed PSG Senior Advisor Vance Loiselle as CEO and Paul Moriarity as CRO as part of the new chapter.
-
December 15, 2022
- Buyer
- Edison Partners
- Target
- K1x, Inc.
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Growth capital
Edison Partners has made a $15 million growth equity investment in K1x, Inc., a Chicago-based provider of AI-powered Schedule K-1 aggregation and packet production SaaS for institutional investors and tax-exempt organizations. The funding will support K1x's commercial scaling, customer success, product roadmap and machine-learning capabilities, and Edison Partners' Jennifer Lee will join K1x's board.
-
December 14, 2022
- Buyer
- Symphony Technology Group (STG)
- Target
- SAI360
- Seller
- BPEA EQT, BPEA Fund VI
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
Symphony Technology Group (STG) has entered into and completed a definitive agreement to acquire SAI360, a Chicago‑headquartered cloud risk management and compliance SaaS provider, from BPEA EQT (BPEA Fund VI). The acquisition (terms not disclosed) is intended to accelerate SAI360's product innovation and growth while expanding STG's portfolio in software, data and analytics. The transaction was subject to customary regulatory approvals and closed in 2023 (expected/announced Q2 2023 in press releases).
-
October 3, 2022
- Buyer
- Francisco Partners
- Target
- bswift
- Seller
- CVS Health
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Divestiture
Francisco Partners has signed a definitive agreement to acquire bswift, a provider of cloud-based benefits technology and services, from CVS Health. bswift offers enrollment, decision-support and benefits administration software and will continue partnering with CVS Health and Aetna; the transaction is a carve-out expected to close subject to customary conditions.
-
September 26, 2022
- Buyer
- Berkshire Partners
- Target
- AHEAD
- Seller
- Centerbridge Partners
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
Funds advised by Berkshire Partners will acquire a majority stake in AHEAD from Centerbridge Partners, with Centerbridge retaining a minority interest and AHEAD management continuing to own a significant portion. The deal positions Berkshire to support AHEAD's next phase of growth, expanding its cloud, data, and application services to enterprise customers.
-
August 9, 2022
- Buyer
- Wagepoint
- Target
- KinHR
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
Calgary-based payroll fintech Wagepoint has acquired KinHR (to be rebranded People by Wagepoint) to add HR and people-management capabilities to its small-business payroll and time stack. The deal brings KinHR's ~4,500 users into Wagepoint's platform (which serves more than 20,000 small businesses) to create an integrated payroll, time & HR offering for SMB customers.
-
August 3, 2022
- Buyer
- Buyers Edge Platform
- Target
- ArrowStream
- Seller
- Tailwind Capital
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
Buyers Edge Platform has acquired ArrowStream, a leading foodservice supply chain management SaaS provider, from Tailwind Capital. ArrowStream's cloud platform — which connects thousands of distributors, suppliers and restaurant locations — will operate as a Buyers Edge platform company to expand the buyer's supply chain visibility and analytics capabilities; terms were not disclosed.
-
August 2, 2022
- Buyer
- Sverica Capital Management LP
- Target
- Omeda
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Growth capital
Sverica Capital Management made a strategic growth investment in Omeda, a Chicago-based SaaS audience relationship management and customer data platform. The partnership will support Omeda’s product investments, go-to-market expansion, and client experience improvements, with Sverica partners joining Omeda’s board.
-
July 28, 2022
- Buyer
- Summit Partners
- Target
- PriceLabs
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Growth capital
PriceLabs received a $30 million minority growth investment from Summit Partners to accelerate product development and global team expansion for its dynamic pricing and revenue management SaaS for the short-term rental industry. The funding will support continued hiring and product enhancements as PriceLabs scales its platform, which serves hundreds of thousands of listings worldwide; Summit Partners' Colin Mistele joined PriceLabs' board.
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Frequently Asked Questions
What types of Cloud & SaaS deals appear in Illinois on this page?
The page highlights acquisitions and strategic investments, including platform buyouts, minority equity investments, and a business combination intended to take a company public.
Which companies are recurring buyers in the Illinois Cloud & SaaS deals shown?
Recurring names in the page facts include Bain Capital Tech Opportunities (Bain Capital), Cordance, Toast, The Riverside Company, Goldman Sachs Alternatives, Ares Management Corp., and Blue Owl Capital Inc.
What capability themes show up across the transactions?
Common themes include AI-enabled data and enterprise capabilities, workflow automation, and platform expansion to support enterprise customers and specialized verticals.
Are the deals on this page tied to a specific Illinois location?
The page facts specify deal locations as Illinois, United States, indicating geographic clustering within the state.
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