Cloud & SaaS Acquisitions in Indiana

H3 Partners, a private equity firm focused on SaaS/fintech and health/wellness investments, has acquired Upper Hand, an Indianapolis-based provider of youth sports management software. The acquisition will accelerate product innovation and expand Upper Hand's technology capabilities to better serve sports facilities, trainers and youth sports organizations.

PlotBox has acquired the Management Information Systems (MIS) deathcare software business from Batesville. The deal transfers Batesville's MIS platform to PlotBox to strengthen PlotBox’s US market position and expand its cloud-native cemetery, crematory and funeral-home management capabilities while allowing Batesville to concentrate on its core burial, cremation and technology products.

Selerix, a McKinney, Texas-based provider of cloud-based benefits administration, has acquired Steele Benefits, an Indianapolis-based benefits engagement, enrollment and administration firm. The deal combines Selerix's BenSelect platform and compliance tools with Steele's high-touch enrollment and engagement services to expand Selerix's service capabilities for employers, brokers and carriers.

Total Synergy has acquired Factor AE, a practice-management SaaS for architecture and engineering firms, and secured a strategic growth investment from PSG and M33 Growth. The deal will accelerate Total Synergy’s expansion into North America and fund AI-focused product development, improved customer support, and go-to-market efforts.

Employ has acquired Pillar, an AI-powered interview intelligence platform, and will integrate Pillar’s capabilities into its ATS portfolio (Lever, Jobvite, JazzHR) to improve interview workflows, candidate experience, and hiring outcomes. The acquisition brings AI-driven structured interviews, automated feedback capture, and sentiment analysis into Employ’s product suite to speed hiring and reduce bias.

Grace Hill, a provider of technology-enabled performance solutions for commercial and multifamily real estate, has acquired Realync, a virtual touring and video communication platform for the multifamily industry. The acquisition (terms undisclosed) will integrate Realync's video and 360-degree tour technology into Grace Hill's training, performance, and analytics offerings to expand virtual leasing and resident communication capabilities.

AccountTECH has acquired Shaker (Shaker.io), a transaction-management and client-communication SaaS for real estate teams and brokerages, to integrate Shaker’s project-management and automated communication capabilities with AccountTECH’s darwin.Cloud back-office accounting platform. Financial terms were not disclosed; both companies will continue to operate while the teams work toward full real-time integration expected in Q4 2024.

The Brydon Group has acquired Micro-Dyn Medical Systems, a provider of healthcare claims pricing, grouping, and editing software. The Brydon Group partnered with healthcare executives Sean Zhao and Steve Giattino to support Micro-Dyn’s product and team expansion and to continue serving health plans, health systems, risk-bearing provider groups, and TPAs.

Avaya has acquired Edify, a cloud-native, no-code contact center and real-time communications platform, integrating Edify's AI-powered journey orchestration and workflow capabilities into the Avaya Experience Platform (AXP). The deal, closed in May 2024 for undisclosed terms, also brings Edify's engineering talent into Avaya's organization to accelerate product innovation and delivery.

Serent Capital has made a growth investment in Medical Informatics Engineering (MIE) to support expansion of MIE's Enterprise Health occupational health software platform. The capital and partnership will be used to scale go-to-market efforts, enhance product capabilities, and accelerate growth across healthcare, corporate, university and government end markets.

Sylogist Ltd. acquired the Time Clock Now SaaS asset from Action Micro Technologies for total consideration of $1.65 million USD. The 100% cloud-based time tracking and scheduling solution will be integrated into Sylogist's Gov, Ed, Mission and Payroll platforms and marketed to Sylogist customers and the Microsoft Business Central and Dynamics GP communities.

Bloomerang, an Indianapolis-based donor, volunteer, and fundraising management software provider, received a strategic growth investment from Warburg Pincus to accelerate development of a fully integrated giving platform. The investment complements existing backer JMI Equity and follows Bloomerang’s recent acquisitions of Qgiv and InitLive as the company scales its product and customer base (now serving ~23,000 nonprofits).

WestView Capital Partners, a Boston-based growth private equity firm, made a growth equity investment in Hubstaff, a workforce management SaaS platform. The capital will support Hubstaff’s product and go-to-market expansion as it scales workforce analytics, time tracking, and employee experience capabilities.

Inspect Point, a cloud-based fire and life safety inspection software provider, has acquired FormLink Systems to expand its product lineup and better serve fire protection professionals. The deal will keep both products operating separately while integrating FormLink's expertise to enhance Inspect Point's platform and customer offerings.

Ren, an Indianapolis-based provider of donor-advised fund enablement software and services, received a strategic growth investment led by Bain Capital Tech Opportunities and Valeas Capital Partners. The capital — Ren's first institutional funding — will be used to build new product features, rapidly scale the team, increase advisor and client awareness of donor-advised funds, and expand Ren's charity network; financial terms were not disclosed. Raymond James acted as exclusive financial advisor.

Flexpoint Ford, a private equity firm focused on financial services and healthcare, has agreed to acquire Baker Hill, a Carmel, Indiana–based provider of cloud-based loan origination, risk management, and analytics software. Baker Hill, previously a portfolio company of The Riverside Company, will continue to be led by CEO John M. Deignan and the existing management team; Flexpoint plans to invest in product innovation and tuck‑in acquisitions to support the company’s growth.

TELEO Capital completed a majority control investment in Sharpen Technologies Inc. (SharpenCX), a cloud-native contact center (CCaaS/UCaaS) platform based in Indianapolis. TELEO said it will provide operational resources and capital to accelerate product innovation, expand SharpenCX’s market position, and enhance support and platform capabilities.

Auvik, a Waterloo-based provider of cloud network management software, has acquired SaaS discovery vendor Saaslio and remote endpoint management platform Boardgent to expand visibility and troubleshooting across the ‘last mile’ of the modern distributed network. The deals add SaaS application discovery and remote device support capabilities to Auvik’s platform, strengthening its offering for managed service providers (MSPs) and internal IT teams.

Exclaimer Group has acquired Periodic, a Bloomington, Indiana–based appointment booking and scheduling SaaS, to integrate booking functionality into Exclaimer’s email signature management platform. The acquisition expands Exclaimer’s product capabilities and supports its continued growth in the U.S. market.

Victoria, British Columbia–based Redbrick has acquired Delivra, an Indianapolis/Carmel, Indiana–based provider of email and marketing automation. The acquisition adds Delivra’s email and SMS marketing capabilities to Redbrick’s portfolio (including Leadpages) to expand its suite of digital marketing and conversion tools for entrepreneurs and SMBs.

Ncontracts, a provider of integrated risk-management and compliance software for financial institutions, has acquired the OnSemble intranet portal business from Passageways, Inc. The purchase expands Ncontracts' intranet and internal-communications capabilities—adding OnSemble’s product, team and customer base to accelerate growth of its employee intranet offering for banks, credit unions, mortgage companies and fintechs.

Formstack, a no-code workplace productivity and workflow automation platform based in Fishers, Indiana, secured a $425 million growth investment led by Silversmith Capital Partners with returning investor PSG. The capital will be used to accelerate product development, go-to-market initiatives, and expand its remote-first team as the company scales globally.

Tampa-based Vector Solutions has acquired Bloomington-based Envisage Technologies, integrating Envisage’s Acadis Readiness Suite into Vector’s public-safety SaaS platform to broaden training, compliance and performance offerings for first responders. Norwest Venture Partners, which previously held a majority stake in Envisage, will remain a minority investor in the combined entity; Shea & Company served as Envisage/Norwest financial advisor on the deal.

Seismic, the San Diego–based sales enablement platform, acquired Indianapolis-based Lessonly, a training, coaching and enablement SaaS provider, to integrate learning and coaching into its enablement offering. The acquisition coincided with Seismic closing a $170 million Series G financing led by Permira to accelerate product expansion, R&D, and global growth.

iQmetrix has acquired Shiftlab, an AI-driven workforce management SaaS provider, to integrate employee scheduling and optimization into its telecom retail management platform. The acquisition is intended to expand iQmetrix's product capabilities, streamline scheduling for multi-store retail operators, and drive revenue growth for both companies.

JMI Equity has made a strategic growth investment in Greenlight Guru, a cloud-based quality and regulatory management platform for medical device companies. The capital will be used to accelerate product development, expand product capabilities across the patient-centric value chain, and support global growth.

Ironclad announced the acquisition of PactSafe on March 25, 2021 to integrate PactSafe's clickwrap/digital acceptance capabilities into Ironclad's contract lifecycle management platform. The deal expands Ironclad's digital contracting coverage to include high-volume online acceptance use cases such as terms-of-service and privacy-policy flows.

Realync Corp., a Carmel, Indiana–based virtual leasing and resident engagement platform for the multifamily housing industry, has raised $22 million in growth equity from Susquehanna Growth Equity (SGE). As part of the investment, SGE principals Josh Elser and Aaron Flack will join Realync's board, and the capital will be used to scale Realync’s team, product and business to meet growing demand for virtual leasing and engagement solutions.

EC Sourcing Group, a Morristown, New Jersey–based provider of SaaS procurement solutions, has acquired BidMode, a sourcing optimization and analytics specialist. As part of the deal BidMode CTO Ian Diakov joined EC Sourcing as an equity owner and Chief Technology Officer, and BidMode’s technology has been integrated to expand EC Sourcing’s machine learning, award optimization, and analytics capabilities; financial terms were not disclosed.

Bloomerang, an Indianapolis-based cloud donor management software provider for nonprofits, received a strategic growth investment from growth equity firm JMI Equity. The partnership will support Bloomerang’s product and customer expansion while allowing the company to retain operational autonomy; JMI partners will join Bloomerang’s board of directors.

Liquid Web, the Lansing, Michigan-based managed hosting leader, has acquired ServerSide to expand its Microsoft Windows CMS hosting capabilities and accelerate entry into the Sitefinity, Kentico, and Sitecore hosting markets. The ServerSide team, including founder and CEO Steve Oren, joined Liquid Web and have begun migrating customers to Liquid Web's VMware-powered private cloud platform.

Siemens has acquired Atlas 3D, a Plymouth, Indiana startup that developed Sunata, a cloud-based, GPU-accelerated metal 3D printing optimization software. Atlas 3D will join Siemens Digital Industries Software to enhance Siemens' additive manufacturing software capabilities and accelerate customers' ability to produce high-quality metal parts.