Cloud & SaaS Acquisitions in Michigan

Klipboard, a UK-based cloud business management software provider, has acquired Savance Enterprise, a US-focused ERP platform for wholesale distributors. The acquisition expands Klipboard's presence and capabilities in the U.S. wholesale distribution market, adding Savance's distribution-focused ERP and WMS capabilities to Klipboard's cloud portfolio; financial terms were not disclosed.

Convey, a Denver-based customer engagement software provider, has acquired Powerley, an AI-powered home energy management SaaS company headquartered in Royal Oak, Michigan. The deal integrates Powerley’s appliance-level energy analytics and BillWise AI into Convey’s platform to enhance utilities’ predictive billing, personalized energy insights, and customer engagement capabilities as an add-on to Convey’s PE-backed platform.

Adventure Credit Union has gone live on Member Driven Technologies' (MDT) Symitar-hosted core platform following its merger with Astera Credit Union and has joined MDT's board, becoming an owner of the CUSO. The move gives the newly merged credit union access to MDT's cloud-based core processing and managed services to support growth and streamline operations.

World Host Group has acquired A2 Hosting (which subsequently rebranded as hosting.com), bringing the long-established Ann Arbor–based web host into World Host Group's multi-brand portfolio. The deal is positioned as part of World Host Group's consolidation strategy to scale hosting operations and expand its managed and recurring hosting services.

Thomson Reuters has acquired cPaperless, LLC (doing business as SafeSend) for $600 million in cash. SafeSend, a Michigan-based cloud-native tax automation provider with ~235 employees and expected 2025 revenue of about $60 million, will be integrated into Thomson Reuters' tax product portfolio while continuing to interoperate with other vendors.

Invictus Growth Partners has made a $37 million majority investment in Campfire Interactive, a Ann Arbor–based provider of SaaS profitability and forecasting software for manufacturers and automotive suppliers. The capital will be used to accelerate product innovation, expand sales and marketing, and scale Campfire’s machine-learning and analytics capabilities while existing investors retain a minority stake alongside the founders.

TouchBistro has acquired restaurant management software PeachWorks and launched integrated Inventory Management and Labor Management products that tie directly into its POS. The acquisition expands TouchBistro's back-of-house capabilities, enabling restaurateurs to better manage inventory, labor scheduling and forecasting to reduce costs and streamline operations.

Wesco International has acquired entroCIM, a provider of data center and building intelligence software, for an initial $30 million plus potential earnouts. The acquisition brings Wesco a browser-based, SaaS Central Intelligence Manager (CIM) that aggregates IT/OT data to deliver operational insights for data centers and large commercial facilities.

Serent Capital has made a growth investment in Traumasoft, a cloud-based EMS software provider. The capital will support expansion of Traumasoft’s integrated EMS platform, strengthen customer experience, and scale sales and marketing efforts.

Reseda Group, the credit-union-owned CUSO of MSU Federal Credit Union, has acquired ChannelNet, a Dearborn-based provider of the OneClick Financial digital engagement SaaS platform. The acquisition adds ChannelNet's data-driven personalization and engagement capabilities to Reseda Group's portfolio to help credit unions accelerate digital transformation and member engagement.

Insurance Quantified, backed by Two Sigma, has acquired Groundspeed Analytics to combine underwriting workbench and ingestion/data capabilities for the commercial property & casualty insurance market. The deal expands Insurance Quantified's SaaS underwriting technology and creates an enlarged platform for commercial P&C insurers, with Groundspeed's CEO joining the leadership team and a new office in Ann Arbor, Michigan.

Serent Capital, a growth-focused private equity firm, has made a significant growth investment in BS&A, a US-based ERP software provider for municipalities. The capital will be used to accelerate geographic expansion and further adoption of BS&A's cloud ERP product across local governments.

Saaswedo, a subsidiary of France-based EPSA Groupe, has acquired Communication Brokers Inc. (CBI Telecommunications), a Grand Rapids, Michigan-based telecom expense management (TEMS) and managed services provider. The deal gives Saaswedo a strategic entry into the United States and combines complementary TEMS platforms and consulting capabilities to expand service offerings globally; terms were not disclosed.

Tiugo Technologies, a PSG portfolio company, has acquired ButterCMS, a headless CMS provider, to expand its collection of API-first developer platforms. The add-on strengthens Tiugo's content management capabilities and broadens its offerings to digitally native enterprises, mid-market firms and SMBs; financial terms were not disclosed.

Lingo Management, a PE-backed global Cloud/UC and managed services provider, has completed its acquisition of BullsEye Telecom Inc., expanding Lingo’s scale, customer base and product offerings. The combined company — controlled by B. Riley Principal Investments — will operate with expanded operations in Michigan and Georgia and together report over $200 million in annual revenue and roughly 130,000 customers.

Miss Group, an international web hosting provider headquartered in Stockholm, has acquired CloudAccess, a WordPress and Joomla platform-as-a-service hosting provider, from Cloud Equity Group. Terms were not disclosed. The deal expands Miss Group's reach into North America and strengthens its WordPress/Joomla hosting capabilities.

Munetrix, a PE-backed SaaS provider of municipal and education performance analytics, has acquired Dynamo Metrics Inc., a provider of parcel-level planning and neighborhood health analytics for local governments and public-sector partners. The deal — Munetrix's first add-on since investment from Essex Bay Capital — brings Dynamo's founders into Munetrix's leadership and expands the platform's capability for economic/community development and school-district analytics.

InvestorFlow has merged with Cloud Theory to create a combined deal and investor engagement platform serving the financial services industry, retaining the InvestorFlow name and establishing headquarters in Menlo Park, California. Ambina Partners led a $30 million Series A strategic investment to accelerate growth and support product expansion for the combined company.

Cordance has completed the acquisition of McCreadie Group, a provider of Vestigo and PharmAcademic software for research pharmacy operations and pharmacy education. The deal will allow McCreadie Group to leverage Cordance's SaaS expertise and resources to scale its products for global drug research and advanced pharmacy education.

BV Investment Partners has made a growth investment in Level Data, a Kalamazoo, Michigan-based provider of a SaaS suite for K-12 school districts that offers data validation, cleansing, reporting, and analytics. The capital will support Level Data's continued product and market expansion in the K-12 education sector.

Dude Solutions, a Clearlake Capital-backed SaaS provider of operations management solutions, has acquired Facility Health, Inc., a Grand Rapids-based provider of capital planning and asset health analytics software. The add-on acquisition strengthens Dude Solutions' enterprise asset management portfolio and expands its healthcare asset-management capabilities and North American footprint; financial terms were not disclosed.

Enmark Systems, the Ann Arbor-based developer of ENITEO ERP for metal service centers, received a significant growth investment from technology-focused private equity firm Accel-KKR. The deal installs Grant Stanis as CEO while founder Michael Rybicki moves to CTO and strategic advisory role, and the capital will be used to accelerate product innovation, customer success initiatives and strategic acquisitions.

iQmetrix, a Vancouver-based provider of telecom retail management software, has acquired Viva Tracker, a web-based back-office SaaS solution serving T-Mobile and Sprint wireless retailers. The acquisition brings Viva Tracker's team and capabilities into iQmetrix as a subsidiary to extend iQmetrix's retail management platform and expand market opportunities in the wireless retail channel.

Olo Inc. (NYSE: OLO) will acquire Wisely Inc., a customer intelligence and engagement platform for restaurants, for approximately $187 million ($77M cash and $110M in stock). The acquisition expands Olo’s platform capabilities with Wisely’s CRM, CDP, reservations, and guest-engagement tools to deepen restaurant customer relationships and accelerate Olo’s data and marketing offerings.

Kalkomey, a provider of online recreational safety education backed by private equity firm Cove Hill Partners, has acquired Sportsman Tracker, the developer of the HuntWise hunting app. The deal brings HuntWise's mobile SaaS mapping and species-prediction capabilities into Kalkomey’s platform to expand product capabilities and reach more outdoor enthusiasts.

Rockwell Automation has completed the acquisition of Plex Systems, a leading cloud-native smart manufacturing SaaS platform, from Francisco Partners for $2.22 billion. Plex — which serves over 700 customers and manages billions of transactions per day — will be reported within Rockwell's Software and Control operating segment to expand its cloud-native smart manufacturing and MES/ERP capabilities.

Plymouth Growth, a growth equity firm, made a multi-million dollar investment in Algo, a Troy, Michigan-based supply chain optimization SaaS provider. The capital and strategic partnership (with Plymouth partner Kevin Terrasi joining Algo's board) will be used to accelerate market penetration and expand Algo's sales and marketing capabilities.

SyBridge Technologies, a Crestview Partners-backed industrial technology platform, has acquired the Toolstats software and exclusive related intellectual property from CaptureMore. The add-on purchase enables SyBridge to launch SyBridge IoT Cloud, expanding its cloud-based digital services for tooling, mold and manufacturing lifecycle management.

Lead Edge Capital has made a growth-stage investment in SafeSend, a provider of e-sign and workflow automation software for CPAs and tax preparers. The partnership gives Lead Edge board representation and will fund product innovation, sales and marketing expansion, and further development of the SafeSend Suite.

Plex Systems has acquired Kors Engineering, a Waterford, Michigan provider of plant-floor connectivity and manufacturing process automation software (Mach2). The acquisition integrates Kors' Mach2 solution into the Plex Smart Manufacturing Platform to extend plant-edge connectivity, MES/IIoT integration and production-level automation for Plex customers.

Providence Equity Partners has made a majority investment in 365 Retail Markets, a Troy, Michigan-based provider of self-service commerce technology for the foodservice industry. Providence will partner with existing investor McCarthy Capital and the company's management team to support product development, customer services, and accelerated growth while CEO Joe Hessling remains a significant shareholder.

HungerRush, a CapStreet portfolio company, has acquired OrdrAI, a conversational AI provider that enables text- and voice-based ordering for restaurants. The acquisition integrates OrdrAI's AI-driven SMS and voice ordering capabilities into the HungerRush Restaurant Management System as an add-on to expand digital ordering and self-service channels.

Connectria has acquired WSM International to expand its cloud migration and professional services capabilities, enabling an end-to-end cloud offering that combines Connectria’s managed services and TRIA platform with WSM’s migration, DevOps and CCOE expertise. WSM brings nearly 250 employees, roughly $60 million in annual revenue and extensive experience across North America and Europe, accelerating Connectria’s ability to migrate and onboard customers to AWS and Azure securely and compliantly.

LLR Partners and Parthenon Capital completed a growth-oriented recapitalization of DaySmart Software, acquiring the Ann Arbor-based provider of vertically-focused business management software for salons, pet care, spas and tattoo studios from SFW Capital Partners. The recapitalization is intended to fund product investment, accelerate organic growth and enable complementary acquisitions while DaySmart remains led by CEO Jeff Dickerson.

WorkForce Software, a Livonia, Michigan-based provider of cloud workforce management solutions, received a significant equity investment from affiliates of Evergreen Coast Capital, which will become an equal partner with existing majority investor Insight Partners. The growth investment is intended to accelerate international expansion, product innovation, and scale the company’s customer experience; terms were not disclosed.