Cloud & SaaS Acquisitions in Massachusetts

Gemspring Capital has acquired both FORM and Trax Retail and is merging the two companies to create a combined global provider of retail execution, image recognition, and shelf-level insights. The merged company will integrate Trax's AI-powered image recognition with FORM's GoSpotCheck and FORM OpX products to expand capabilities, accelerate innovation, and broaden geographic reach for CPG and retail customers.

Lead Edge Capital has acquired ClearGov and merged it with its existing portfolio company Gravity to create a unified, end-to-end modern finance platform for local governments, school districts, and state agencies. The combined business will operate under the ClearGov brand, with Tyler Davey (former Gravity CEO) leading the organization and ClearGov co-founders remaining in leadership roles.

Alliance Entertainment (NASDAQ: AENT) completed the acquisition of Endstate, effective December 31, 2025, acquiring all Endstate assets and forming a wholly owned subsidiary, Endstate Authentic LLC. The purchase brings Endstate's NFC- and blockchain-enabled product authentication technology and founders into Alliance to expand authenticated resale, digital product identity, and brand protection capabilities across Alliance's global distribution network.

Veriforce has acquired Highwire, a provider of prequalification and contractor risk solutions, to expand its contractor management and supply chain risk capabilities into capital-project use cases. The deal combines Veriforce's global scale and network with Highwire's construction-focused financial risk and field safety tools to broaden services for hiring clients and contractors.

Constant Contact has secured a new strategic growth investment via Clearlake Icon Partners VI, with institutional capital led by Lexington Partners. Clearlake will remain the company's lead investor and management/governance will not change; the funding is intended to support product innovation, AI investment, accelerated growth and future M&A.

Bain Capital acquired UST HealthProof from UST and completed a merger with HealthEdge to form a combined, AI-powered payer technology and services company that will operate as HealthEdge and is headquartered in Boston. Financial terms were not disclosed; the combined company will offer an end-to-end, cloud-based claims platform and tech-enabled services for health plans, reaching over 110 million lives.

Nexa Equity, a San Francisco-based private equity firm, has made a growth investment in Facility Grid, a Brookline, Massachusetts provider of cloud-based commissioning and operational readiness software. The capital will be used to expand the organization, accelerate the product roadmap, and improve customer experience as Facility Grid scales across data center, healthcare, higher education and commercial construction end markets.

Schneider Geospatial, a portfolio company of Align Capital Partners, has acquired Full Circle Technologies (FCT), a Boston-based provider of cloud-based permitting and licensing software (PermitEyes) for municipal governments. The add-on expands Schneider's permitting and licensing capabilities and deepens its presence in New England as the firm's fifth add-on since Align Capital Partners acquired Schneider in 2022.

Blackstone Growth has closed a majority investment in NetBrain Technologies at a reported $750 million valuation, acquiring a controlling stake to accelerate the company's global expansion and AI-powered network automation roadmap. As part of the transaction NetBrain appointed Bernadette Nixon as CEO while founder Lingping Gao will move to chair the board.

Datadog has acquired Metaplane, a Boston-based data observability platform, to accelerate Datadog's expansion into data observability and unify observability across applications and data. Metaplane’s machine learning–powered monitoring and column-level lineage capabilities will be integrated into the Datadog platform while continuing to support existing customers as part of Datadog. Financial terms were not disclosed.

Bain Capital's Private Equity team has agreed to acquire HealthEdge, a Burlington, Massachusetts–based healthcare SaaS platform, from funds managed by Blackstone. Financial terms were not disclosed; the transaction is expected to close in Q2 2025 and positions Bain to accelerate HealthEdge's product growth and GenAI enablement for health plans.

PSG, a growth equity firm, has made a growth investment in Lightkeeper to accelerate product innovation and strengthen client service. As part of the transaction, PSG Senior Advisor Dean Schaffer was appointed CEO while Lightkeeper’s senior management remains in place and Danny Dias transitions to Chief Product Officer.

Selectsys has acquired Expert Insured, adding an AI-powered insurance management system built for MGAs, wholesalers, and carriers to its BPO and technology ecosystem. The deal expands Selectsys’ capability set—integrating policy administration and AI-driven workflows—and names Spencer McDonald as CEO of Expert Insured to lead product growth and integration.

Nordic Capital has acquired a controlling interest in Anaqua from Astorg. The private equity investor said it will support Anaqua's global expansion and further development of its AQX and PATTSY WAVE IP management software and services to drive growth and capability enhancements.

Valsoft Corporation Inc. has acquired Softlinx, a provider of HIPAA‑compliant cloud fax, integration, and automation solutions, to expand Valsoft’s presence in secure communications and the healthcare, government, and financial sectors. Softlinx’s team will remain in place and will leverage Valsoft’s resources to scale its cloud fax platform and reach new enterprise customers.

Cuadrilla Capital has acquired Repsly, a Boston-based retail execution SaaS platform that serves CPG brands and retail service providers. Financial terms were not disclosed; Cuadrilla says it will support Repsly’s growth, product innovation (including AI capabilities) and expansion of its retail execution offerings.

Battery Ventures has made a majority growth investment in Signiant, a Lexington, Massachusetts-based provider of cloud-native file transfer SaaS for the media industry. The terms were not disclosed; Signiant will use the funds to accelerate product development, go-to-market expansion and pursue potential acquisitions, and two Battery partners will join Signiant's board.

LoneTree Capital has made a $23 million growth investment in Boston-based Northern Light Group to accelerate product innovation and scale its enterprise knowledge management platform globally. As part of the investment, LoneTree partners Mike Devine, Rhett Lambert and Peter Bozian will join Northern Light's board; terms were not disclosed.

SEI Investments Company (SEI) has acquired LifeYield, a Boston-based provider of tax-smart wealth management technology. SEI will integrate LifeYield's API-driven UMH (unified managed household), tax optimization, and multi-account management capabilities into the SEI Wealth Platform to offer real-time, automated tax-aware portfolio and withdrawal optimization for advisors and institutions.

Loop has acquired Wonderment, a proactive post-purchase customer experience and order-tracking platform for Shopify merchants. The deal integrates Wonderment's real-time shipment insights and proactive alerts into Loop's commerce operations suite to broaden post-purchase capabilities and improve retention for e-commerce brands.

Vector Capital, a San Francisco-based private equity firm, has acquired Bigtincan Holdings Limited for A$0.22 per share in cash, valuing the transaction at approximately A$183 million. Bigtincan — a Waltham, Massachusetts–headquartered provider of AI-driven sales and revenue enablement software — will operate as a private company with management, including CEO David Keane, expected to remain in place while Vector supports product innovation and revenue growth.

Italian technology company Bending Spoons completed an all-cash acquisition of US-based streaming technology provider Brightcove Inc. for approximately $233 million (about $4.45–$4.46 per share). The deal, unanimously approved by Brightcove's board and its stockholders, takes Brightcove private and brings its streaming SaaS platform into Bending Spoons' portfolio to expand its video and streaming capabilities.

Moody's Corporation has acquired Numerated Growth Technologies, a Boston-based loan origination platform, to integrate Numerated into Moody's Lending Suite and expand Moody's end-to-end lending technology and monitoring capabilities. The deal builds on a January 2024 partnership and will accelerate Moody's capabilities across the credit lifecycle; terms were not disclosed.

The Access Group has entered into an agreement to acquire Paytronix, a US-based cloud digital guest engagement platform serving restaurants and convenience stores. The acquisition expands Access's product offering and footprint in the United States while integrating Paytronix's loyalty, online ordering, payments and guest engagement capabilities into Access's broader hospitality and business management suite.

Connectbase, a global connectivity marketplace, has acquired Network Capacity Solutions (NCS), a provider of network and data center inventory management software. The acquisition adds inventory lifecycle and real-time availability capabilities to Connectbase's platform to help data centers, dark-fiber operators, and service providers better monetize and transact connectivity services.

LegalSifter, an AI-powered contract operations provider headquartered in Pittsburgh, has acquired Contract Logix, a Lowell, Massachusetts-based contract lifecycle management software vendor. The acquisition expands LegalSifter's recurring revenue base, product capabilities (particularly in CLM and AI), and industry reach across healthcare, education, technology and manufacturing.

DTiQ received a $145 million growth investment from Bain Capital's Private Credit Group to accelerate its shift to a higher SaaS growth model, expand AI- and computer-vision-powered video analytics offerings, and support geographic expansion. The funding will help DTiQ broaden its SaaS product portfolio for restaurant, convenience store and specialty retail operators and accelerate product innovation and market expansion.

1E, a London-based Digital Employee Experience (DEX) platform provider, has acquired Exoprise, a provider of digital experience monitoring and application/network observability. The acquisition expands 1E’s observability and application experience management capabilities—bringing Exoprise’s RUM, synthetics and ISP/UC monitoring into the 1E platform to improve troubleshooting and user-centric performance insights for enterprise customers.

GI Partners has made a majority investment in eClinical Solutions, a Boston‑area provider of AI‑enabled clinical data cloud software and biometrics services. The capital will support product roadmap expansion, embedded AI capabilities, and global growth while Summit Partners and the founders retain minority stakes.

uMotif has acquired ClinOne, integrating ClinOne’s site platform and eConsent capabilities into uMotif’s eCOA/ePRO platform to expand site and patient journey functionality. ClinOne CEO Andrea Valente will join uMotif as Chief Operating Officer, Site Operations, as the companies combine their solutions for sponsors, CROs and clinical sites.

BlueConic has acquired Jebbit to integrate Jebbit's AI-driven, no-code experience-creation tools into BlueConic's customer data platform (CDP), enabling marketers to capture more first- and zero-party data via quizzes, surveys and interactive experiences. The combination expands BlueConic's activation and data-capture capabilities and brings a combined customer base of roughly 500 organizations worldwide.

Nasuni, a Boston-based enterprise data and hybrid cloud file platform, announced a strategic growth investment led by Vista Equity Partners with participation from TCV and KKR that values the company at approximately $1.2 billion. The capital will be used to accelerate product innovation and commercial expansion in the global hybrid cloud market.

Boston-based private equity firm Clearhaven Partners has completed a significant investment in Zixi alongside Zixi's executive management team. The deal will provide capital and operational support to accelerate product innovation, scale Zixi's cloud-based Software-Defined Video Platform (SDVP) and expand its global market presence.

Northrim Horizon, a private equity firm, has made a strategic growth investment in VLogic Systems, a Concord, Massachusetts–based developer of a FedRAMP-authorized IWMS and Connected Portfolio Intelligence Platform (VLogicFM). The investment will support VLogic's product expansion, continued growth into federal and commercial markets, and scale its sales and hiring plans while management remains in place.

Cordance, a Raleigh-based acquirer and operator of vertically-focused B2B SaaS businesses, has acquired Spiro.AI, an AI-powered CRM built for manufacturers and distributors. The acquisition aims to bring Spiro's AI-driven CRM capabilities into Cordance's industrial distribution and manufacturing portfolio to drive capability expansion and accelerate customer value.

The Riverside Company, via its Riverside Micro-Cap Fund, has made a growth investment in CRIO, Inc., a Boston-based provider of cloud-based eSource, CTMS and regulatory-compliance software for clinical trial sites, CROs and pharmaceutical/biotech sponsors. Riverside’s capital will support accelerated product development, broader product offerings and potential strategic acquisitions as CRIO scales.

nCino has signed a definitive agreement to acquire DocFox, a provider of automated onboarding and account-opening software for commercial and business banking. The acquisition will integrate DocFox's onboarding capabilities into nCino's cloud banking SaaS platform to provide a unified, end-to-end client lifecycle and accelerate account opening; the deal was expected to close in March 2024.

Salesloft has acquired Drift to combine Salesloft’s AI-driven Revenue Orchestration Platform with Drift’s conversational AI and buyer experience capabilities. The deal aims to create an AI-powered, omnichannel revenue orchestration solution that enables sellers to engage B2B buyers earlier and deliver personalized buyer journeys across channels.

Foundation Source, the nation’s largest provider of cloud-based SaaS and foundation management services, has acquired PG Calc, a planned-giving software and services provider based in Cambridge, Massachusetts. The deal, completed on February 1, 2024, expands Foundation Source's charitable giving product suite and adds planned-giving administration, software, consulting and marketing capabilities.

Accenture has completed the acquisition of Navisite, a cloud-focused digital transformation and managed services provider, from Madison Dearborn Partners. The deal adds approximately 1,500 people and strengthens Accenture's application and infrastructure managed services and cloud engineering capabilities to help clients accelerate cloud transformations.

Digital Onboarding, a Boston-based fintech SaaS company that builds customer onboarding and engagement platforms for banks and credit unions, raised a $58 million growth investment from Volition Capital. The capital will be used to accelerate the product roadmap, expand machine learning and embedded fintech capabilities, improve customer support, and roughly double headcount by the end of 2024.

TELEO Capital-backed Sharpen Technologies (SharpenCX) has acquired The Plum Group, Inc. (Plum Voice), a provider of AI-driven voice-based customer interaction technology. The acquisition integrates Plum Voice's IVR, conversational AI and telecom capabilities into Sharpen's cloud contact center platform to strengthen its contact center offerings.

Trane Technologies has acquired Nuvolo, a cloud-based provider of connected workplace and enterprise asset management solutions built on the ServiceNow platform. The acquisition brings Nuvolo's SaaS capabilities and ~250 associates into Trane's digital portfolio to accelerate growth in facilities and asset management across healthcare, life sciences, retail, education and public sector customers.

Hull Street Energy (HSE) has made a strategic growth investment in Upstream Tech to support the company's HydroForecast and Lens platforms for water forecasting and remote monitoring. The partnership will provide capital and sector expertise to help Upstream Tech expand its team, scale product development, and accelerate deployment in energy, water management, and environmental markets.

Primus Capital has made a growth equity investment in Prendio and sister company BioProcure to support organic growth, expansion into additional life-sciences markets, and continued product and service innovation. The investment will back Prendio's cloud-based eProcurement SaaS and BioProcure's procure-to-pay support services for biotech customers; Aeris Partners served as exclusive financial advisor to the sellers and law firms Latham & Watkins and Goodwin Proctor served as legal advisors.

ISN has acquired Transparency-One, a supply chain mapping and responsible-sourcing technology platform founded in 2016 with offices in Boston and Paris. The deal adds supply chain transparency, traceability and ESG capabilities to ISN's ISNetworld platform; Transparency-One CEO Chris Morrison will continue to lead the business as Senior Managing Director.

Schneider Geospatial, an Align Capital Partners portfolio company, has acquired PeopleGIS, a Massachusetts-based provider of the SimpliCITY asset management SaaS used by local municipal departments. The add-on expands Schneider Geospatial’s GovTech product portfolio into asset management and marks the company’s second acquisition since ACP acquired Schneider in 2022, positioning the business for accelerated growth in the local government infrastructure market.

Bonterra, a social good software company, has acquired WeSpire, a provider of purpose-driven employee engagement software; terms were not disclosed. The acquisition expands Bonterra’s employee engagement offerings—adding capabilities across giving, volunteering, wellbeing, sustainability, and DEI—and accelerates its presence in the corporate CSR/ESG market.

General Atlantic has made a strategic growth investment in Tripleseat, a Concord, Massachusetts–based event management and payments SaaS platform. Existing shareholders Vista Equity Partners, Level Equity, and Enlightened Hospitality Investments will remain minority investors as Tripleseat plans to use the capital to expand market reach, invest in product and technology, and pursue strategic M&A.

Scaleworks, a B2B SaaS-focused venture equity firm, has acquired Centage Corporation, a provider of cloud FP&A software (Planning Maestro) for small and midsize finance teams. Peter Messana was named Centage CEO, replacing John Murdock; terms of the transaction were not disclosed.