Cloud & SaaS Acquisitions in Maryland

EverTrue has acquired DonorSearch to combine DonorSearch’s AI-powered donor intelligence and philanthropic dataset with EverTrue’s donor engagement and outreach capabilities. The deal — by EverTrue, which is backed by Rubicon Technology Partners — aims to embed deeper intelligence and automation across fundraising workflows to help nonprofit customers identify and engage high-potential prospects more effectively.

SEVA Growth LP has made a minority growth investment in Teleskope Technologies, a provider of an end-to-end employee experience SaaS platform. The capital will support scaling sales and marketing, strengthening technology, and expanding Teleskope’s product offerings; SEVA’s founder Shalin Mehta will join Teleskope’s board.

PSG has made a $150 million growth equity investment in Uscreen, a video monetization SaaS platform for the creator economy. The capital will be used to accelerate product development — including upgraded mobile and TV apps, advanced marketing and community tools — to support creators' ability to monetize and grow recurring revenue.

Pay Ready has acquired EvictionAssistant, an eviction management software provider based in Rockville, Maryland. The deal integrates EvictionAssistant's eviction and case-management capabilities into Pay Ready's post-resident recovery platform to provide a more complete move-out and delinquency workflow for multifamily owners and operators.

Euna Solutions has acquired EqualLevel, a Rockville, Maryland-based provider of procure-to-pay and procurement marketplace software, to expand its eProcurement and Procure-to-Pay automation capabilities for public sector agencies. The acquisition integrates EqualLevel’s marketplace, AI-powered savings and compliance tools, and team into Euna’s platform to broaden capabilities offered to the more than 3,000 agencies Euna serves.

Stayntouch, a cloud-native hotel property management system provider, raised $48 million in a strategic growth equity round led by Sixth Street Growth to accelerate product development, expand payments capabilities, and grow customer acquisition. As part of the investment, Sixth Street Growth partner Michael Bauer will join Stayntouch's board; Stayntouch was acquired by MCR in 2020 and will use the capital to expand its PMS and payments offerings globally.

London-based healthcare investor GHO Capital Partners has acquired a majority stake in Sapio Sciences, a US-based lab informatics platform providing LIMS, ELN and scientific data management solutions. GHO will support Sapio's international expansion (especially into Europe), operational improvements and growth through M&A to scale the company's SaaS offering for biopharma, CROs and diagnostic labs.

Ethixbase360, a CGE Partners-backed provider of third-party risk management solutions, has acquired Tcompliance (formerly TRACE Inc.) to expand its due diligence and supply chain transparency capabilities. The deal integrates Tcompliance's Tcertification reports and due-diligence services into the Ethixbase360 platform to offer a more comprehensive third-party risk management and ESG screening suite.

InVita Healthcare Technologies, a portfolio company of The Riverside Company, has acquired BloodHub and folded it into InVita's Blood Management Division. Riverside made the investment as an add-on to its InVita platform to expand InVita's blood- and biologics-focused supply chain and laboratory software capabilities across North America.

Attain Capital Partners led a growth equity investment into Regent Education, a Frederick, Maryland-based provider of SaaS financial aid management solutions for higher education. Existing investors Chrysalis Ventures, CNF Investments LLC, and New Markets Venture Partners participated; Greg Baroni of Attain Capital Partners will serve as Chair of Regent's board as the company deploys capital to accelerate product innovation and growth.

Dispatch, a Vista-backed field service orchestration platform, has acquired Youreka, a Salesforce-native mobile forms and field automation provider. The transaction includes significant growth capital and continues Salesforce Ventures' investment, with Youreka founder Dan Bergner joining the combined company as General Manager of Youreka.

Philadelphia-based private equity firm LLR Partners made strategic growth investments in mortgage fintech SaaS providers Sales Boomerang and Mortgage Coach to fund product enhancements and tighter integration between the platforms. The capital will support expanded product functionality and scale across lenders; Canaccord Genuity served as exclusive financial advisor to Sales Boomerang while Vaquero Capital advised Mortgage Coach.

myDigitalOffice, a Bethesda-based provider of cloud software and information management tools for hotel owners, operators, and brands, received a strategic growth investment from Cove Hill Partners. The capital will be used to accelerate product development, support hiring, and expand MDO's product and feature set for the hospitality market.

Nexa Equity made a majority growth investment in Leap, a Columbia, Maryland-based provider of sales enablement software for home contractors. The investment will fund product development, go-to-market expansion and potential strategic acquisitions while Leap's founders and management remain meaningful shareholders.

Level Access, a digital accessibility platform headquartered in Vienna, Virginia, has acquired Tenon, a Maryland-based integrated accessibility testing company led by CEO Karl Groves. The acquisition expands Level Access's testing and remediation capabilities by integrating Tenon's API-driven automated testing and remediation services into Level Access's enterprise accessibility platform.

H.I.G. Growth Partners, the growth-capital affiliate of H.I.G. Capital, completed a strategic growth investment in Accounting Seed, a Columbia, Maryland-based cloud accounting and financial management SaaS built on the Salesforce platform. Accounting Seed will use the funding to execute its product roadmap, expand the team, pursue strategic acquisitions, and accelerate sales and marketing efforts.

MessageBird has entered into definitive documentation to acquire US-based SparkPost for $600 million, a deal intended to add industry-leading email sending and deliverability capabilities to MessageBird's omnichannel platform and expand its presence in the United States. The transaction was announced alongside an extension of MessageBird's Series C financing (bringing the round to ~$1B) backed by investors including Eurazeo, Tiger Global, Owl Rock and BlackRock.

Symphony Technology Group (STG), a Palo Alto-based private equity firm, has acquired CommPartners, a Columbia, Maryland-based SaaS learning management system (LMS) and virtual events provider serving the association market. The deal is STG's fourth investment into its integrated learning and events platform (following CadmiumCD, EthosCE, and Warpwire) and will fold CommPartners into a new unified education and events platform to expand capabilities for continuing education, virtual/hybrid events and content management.

SparkPost, a leading enterprise email delivery and analytics platform, secured a $180 million strategic growth investment from LLR Partners, NewSpring Capital and PNC Bank to fund product innovation and expansion. The financing is intended to accelerate SparkPost's next phase of growth as enterprises increasingly rely on email for customer engagement and commerce.

Employee Navigator, a Bethesda-based benefits administration and HR software provider, raised $34 million in growth equity financing from JMI Equity. The minority investment will fund hiring across functions and expansion of Employee Navigator's product offerings to support its broker and employer customers.

Wolters Kluwer's Governance, Risk & Compliance (GRC) unit has agreed to acquire eOriginal, a Baltimore-based provider of cloud-based digital lending software, for approximately €231 million in cash. The deal expands Wolters Kluwer's digital lending and loan-closing capabilities by integrating eOriginal's electronic vaulting and closing solutions with GRC's compliance offerings.

Daxko, a portfolio company of GI Partners, has acquired Motionsoft, a Rockville, Maryland-based provider of cloud-based member management software for health clubs, studios, and wellness centers. The deal brings Motionsoft's SaaS products and customer base into Daxko's broader suite of health and fitness technology solutions; Edison Partners (a prior investor) exited in the transaction.

Net Health, a PE-backed provider of cloud-based EHR and specialty healthcare software, has acquired Tissue Analytics, a Baltimore-based developer of automated mobile wound and skin imaging with predictive analytics. The deal adds advanced wound-imaging, measurement and machine-learning capabilities to Net Health’s WoundExpert platform, accelerating product capabilities across inpatient, outpatient and post-acute care settings.

Acendre, a provider of secure cloud-based talent management software, has acquired ICS Learning Group, a Pasadena, Maryland-based provider of e-learning solutions and the Asentia LMS. The acquisition integrates ICS’s LMS and custom courseware capabilities into Acendre’s talent management platform to offer a unified, end-to-end SaaS solution for regulated industries.

The Riverside Company has invested in HemaTerra Technologies, a provider of cloud-based SaaS solutions for blood and plasma collection centers, hospitals and related healthcare organizations. Riverside said it will invest in product development, sales and marketing, and strategic partnerships to scale HemaTerra's offerings and support continued growth.

Cisco agreed to acquire BroadSoft, a provider of cloud PBX, unified communications, team collaboration and contact center software, for $1.9 billion (paying $55 per share). The deal strengthens Cisco's software- and cloud-focused collaboration portfolio and brings BroadSoft's large service-provider customer base and cloud voice/contact-center capabilities into Cisco's applications group.