Cloud & SaaS Buyers & Acquisitions in Indiana

Tracked deals

33

33 tracked deals across 2019-2026.

Buyer mix

Mixed buyer set

21 strategic · 18 pe

Top trend

Volume peaked in 2024

7 tracked deals announced in 2024.

Primary Insight

What Stands Out

  • AI and automation show up across multiple subsectors, including invoice processing, interview intelligence, and product development with AI-focused roadmaps.
  • Platform and ecosystem integration is a repeated goal—linking acquired capabilities into existing ERP/ATS/benefits/contact center or vertical software offerings.
  • Vertical SaaS remains prominent, with deals touching procure-to-pay, youth sports management, real estate leasing, multifamily virtual tours, healthcare claims pricing, and contact centers.
  • Indiana-based targets are prominent in recent announcements, with deal locations consistently listed as Indiana, United States.
  • Recurring acquirers in this page include JMI Equity, PSG, Seismic, PlotBox, AccountTECH, Redbrick, Selerix, and Inspect Point.

Build a buyer list for your Cloud & SaaS deal

Find buyers actively acquiring cloud & saas companies.

Find buyers like these for your deal

Buyer Snapshot

Top Buyers

Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.

Build a buyer list for your Cloud & SaaS deal →
Buyer # Deals Focus Type
JMI Equity 3 Growth equity firm focused on investing in and scaling so... PE
PSG 2 Growth equity firm investing in software and technology-e... PE
AccountTECH 1 Provides web-based, multi-tenant back-office accounting s... Strategic
Aurora Capital Partners 1 Middle-market private equity firm that invests across bus... PE
Auvik 1 Provider of cloud-based network management software for M... Strategic (PE-backed)
Avaya 1 Global provider of customer experience and communications... Strategic
Bain Capital Tech Opportunities 1 Growth-stage technology investment unit of Bain Capital f... PE
EC Sourcing Group 1 Provider of global SaaS eSourcing and procurement technol... Strategic
Employ 1 Operator of applicant tracking systems and talent-acquisi... Strategic
Exclaimer Group 1 Provider of email signature management software for Micro... Strategic (PE-backed)

Acquisition Volume in Cloud & SaaS in Indiana by Year

Last 8 years

Acquisition volume by year Annual acquisition counts for the last 8 years for Cloud & SaaS Buyers & Acquisitions in Indiana. 1 2019 4 2020 7 2021 4 2022 4 2023 7 2024 4 2025 ~4 est. 2 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • PairSoft Acquires Nimbello to Expand AI-Powered Procure-to-Pay SaaS Offerings
    March 19, 2026
    Buyer
    PairSoft
    Target
    Nimbello
    Seller
    Milind Agtey
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Buyout

    PairSoft announced it has acquired Nimbello, an accounts payable automation and payments provider specializing in purchase-order-based invoice matching. The acquisition enhances PairSoft’s native ERP integrations (including Microsoft Dynamics 365, SAP, NetSuite, Oracle, Sage Intacct, and others) and adds Nimbello’s AI capabilities for invoice processing and general ledger coding.

  • H3 Partners Acquires Upper Hand
    January 2, 2026
    Buyer
    H3 Partners
    Target
    Upper Hand
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Buyout

    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 Acquires MIS Business from Batesville
    October 15, 2025
    Buyer
    PlotBox
    Target
    MIS (Batesville Management Information Systems business)
    Seller
    Batesville Services LLC
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Divestiture

    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 Acquires Steele Benefits
    September 4, 2025
    Buyer
    Selerix
    Target
    Steele Benefits
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Buyout

    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 Acquires Factor AE; PSG and M33 Growth Provide Strategic Investment
    July 24, 2025
    Buyer
    Total Synergy, PSG, M33 Growth
    Target
    Factor AE
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Buyout

    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 Acquires Pillar (AI Interview Intelligence Platform)
    March 5, 2025
    Buyer
    Employ
    Target
    Pillar
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Buyout

    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 Acquires Realync
    September 26, 2024
    Buyer
    Grace Hill, Aurora Capital Partners
    Target
    Realync
    Seller
    Susquehanna Growth Equity (SGE)
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Buyout

    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 Acquires Shaker.io
    September 10, 2024
    Buyer
    AccountTECH
    Target
    Shaker (Shaker.io)
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Buyout

    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 Acquires Micro-Dyn Medical Systems
    May 14, 2024
    Buyer
    The Brydon Group, Sean Zhao, Steve Giattino
    Target
    Micro-Dyn Medical Systems, LLC
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Buyout

    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 Acquires Edify
    May 9, 2024
    Buyer
    Avaya
    Target
    Edify
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Buyout

    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 Makes Growth Investment in Medical Informatics Engineering
    April 23, 2024
    Buyer
    Serent Capital
    Target
    Medical Informatics Engineering
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Growth capital

    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 Acquires Time Clock Now from Action Micro Technologies
    February 23, 2024
    Buyer
    Sylogist Ltd.
    Target
    Time Clock Now
    Seller
    Action Micro Technologies
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Divestiture

    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.

  • Warburg Pincus Invests in Bloomerang to Accelerate Integrated Giving Platform
    February 8, 2024
    Buyer
    Warburg Pincus, JMI Equity
    Target
    Bloomerang
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Growth capital

    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 Makes Growth Investment in Hubstaff
    August 28, 2023
    Buyer
    WestView Capital Partners
    Target
    Hubstaff
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Growth capital

    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 Acquires FormLink Systems
    August 3, 2023
    Buyer
    Inspect Point
    Target
    FormLink Systems
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Buyout

    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 Receives Strategic Growth Investment from Bain Capital Tech Opportunities and Valeas Capital Partners
    July 26, 2023
    Buyer
    Bain Capital Tech Opportunities, Valeas Capital Partners
    Target
    Ren
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Growth capital

    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 Acquires Baker Hill
    June 21, 2023
    Buyer
    Flexpoint Ford
    Target
    Baker Hill
    Seller
    The Riverside Company
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Buyout

    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 Acquires Majority Stake in Sharpen Technologies (SharpenCX)
    December 13, 2022
    Buyer
    TELEO Capital Management, LLC
    Target
    Sharpen Technologies Inc. (SharpenCX)
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Buyout

    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 Acquires Saaslio and Boardgent to Extend Last-Mile Network Management
    October 12, 2022
    Buyer
    Auvik
    Target
    Saaslio, Boardgent
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Buyout

    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 Acquires Periodic
    January 20, 2022
    Buyer
    Exclaimer Group
    Target
    Periodic
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Buyout

    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.

  • Redbrick Acquires Delivra
    January 5, 2022
    Buyer
    Redbrick
    Target
    Delivra
    Seller
    CM Group
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Buyout

    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 Acquires OnSemble Software from Passageways, Inc.
    November 19, 2021
    Buyer
    Ncontracts
    Target
    OnSemble (from Passageways, Inc.)
    Seller
    Passageways, Inc.
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Buyout

    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 Raises $425M Growth Investment from Silversmith Capital Partners and PSG
    November 18, 2021
    Buyer
    Silversmith Capital Partners, PSG
    Target
    Formstack
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Growth capital

    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.

  • Vector Solutions Acquires Envisage Technologies
    September 8, 2021
    Buyer
    Vector Solutions
    Target
    Envisage Technologies
    Seller
    Norwest Venture Partners
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Addon

    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 Acquires Lessonly
    August 16, 2021
    Buyer
    Seismic
    Target
    Lessonly
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Buyout

    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 Acquires Shiftlab
    August 12, 2021
    Buyer
    iQmetrix
    Target
    Shiftlab
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Buyout

    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 Makes Growth Investment in Greenlight Guru
    June 15, 2021
    Buyer
    JMI Equity
    Target
    Greenlight Guru
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Growth capital

    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 Acquires PactSafe
    March 25, 2021
    Buyer
    Ironclad
    Target
    PactSafe
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Buyout

    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.

  • Susquehanna Growth Equity Invests $22 Million in Realync
    November 18, 2020
    Buyer
    Susquehanna Growth Equity (SGE)
    Target
    Realync Corp.
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Growth capital

    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 Acquires BidMode
    October 13, 2020
    Buyer
    EC Sourcing Group
    Target
    BidMode
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Buyout

    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.

  • JMI Equity Makes Growth Investment in Bloomerang
    September 17, 2020
    Buyer
    JMI Equity
    Target
    Bloomerang
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Growth capital

    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 Acquires ServerSide
    June 30, 2020
    Buyer
    Liquid Web, LLC
    Target
    ServerSide
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Buyout

    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 Acquires Atlas 3D
    November 14, 2019
    Buyer
    Siemens
    Target
    Atlas 3D
    Industry
    Cloud & SaaS
    Location
    Indiana, United States
    Type
    Buyout

    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.

Full Export

Purchase this data

Get the full acquisitions list for this page as CSV + XLSX.

Build a buyer list for your Cloud & SaaS deal

Find buyers actively acquiring cloud & saas companies.

Apply as a Buyer

Frequently Asked Questions

What kinds of cloud and SaaS companies are being acquired in Indiana?

The listed acquisitions span several verticals, including AI-enabled procure-to-pay and invoice processing, hiring/ATS workflows, youth sports management software, benefits administration and enrollment, real estate transaction and virtual touring platforms, healthcare claims pricing software, and contact center communications.

Do these deals focus on adding AI features?

Yes. Multiple transactions describe added or accelerated AI capabilities—such as AI-driven invoice processing and general ledger coding, AI interview intelligence integrated into an ATS portfolio, and AI-focused product development plans.

Are integrations with existing software platforms part of the strategy?

Often. Several acquisitions are described as strengthening or integrating into established ecosystems—such as ERP integrations, ATS portfolios, benefits administration platforms, or contact center offerings.

Who are some recurring buyers in Indiana cloud & SaaS acquisitions?

Recurring buyer names shown on this page include JMI Equity, PSG, Seismic, PlotBox, AccountTECH, Redbrick, Selerix, and Inspect Point.

Related Acquisition Pages

Cloud & SaaS Buyers & Acquisitions Cloud & SaaS Buyers & Acquisitions in Canada Private Equity-Backed Cloud & SaaS Buyers Cloud & SaaS Acquisitions in 2026 Cloud & SaaS Acquisitions in 2025 Cloud & SaaS Acquisitions in 2024 Cloud & SaaS Acquisitions in 2023 Cloud & SaaS Acquisitions in 2022 Cloud & SaaS Acquisitions in 2021 Acquisitions in Indiana Private Equity-Backed Acquisitions in Indiana Acquisitions in Indiana in 2026