Cloud & SaaS Acquisitions in New Jersey

Trovata acquired ATOM, the enterprise Treasury Management System developed by Financial Sciences Corporation, integrating full TMS capabilities into its cloud-native cash and liquidity platform. The company also announced a $9 million Series B extension led by strategic investors State Street and PNC to deepen bank partnerships and accelerate upmarket expansion.

IgniteTech, an AI-first enterprise software company, has acquired Suuchi Inc., a provider of the Suuchi GRID supply chain visibility and optimization platform. The acquisition integrates Suuchi’s GRID into IgniteTech’s portfolio (available via IgniteTech Unlimited) to enhance supply chain management capabilities and accelerate development of AI-powered features while maintaining continuity for existing Suuchi customers.

CoStar Group has completed its acquisition of Visual Lease, a lease administration and accounting SaaS platform. The deal enhances CoStar's Real Estate Manager business by integrating Visual Lease's lease management, accounting, and ESG capabilities to expand product functionality for mid‑market and enterprise customers.

Salesforce has signed a definitive agreement to acquire Own Company, a provider of cloud-native data protection and data management solutions, for approximately $1.9 billion in cash. The acquisition will expand Salesforce's platform data security, privacy, and compliance capabilities and is expected to close in the fourth quarter of Salesforce's fiscal year 2025, subject to customary approvals.

Genstar Capital has made a strategic majority investment in Docupace, a Holmdel, New Jersey-based provider of cloud-based software for wealth management back-office operations. The transaction is a recapitalization that will leave FTV Capital as a minority investor and position Docupace to accelerate organic and inorganic growth of its platform.

Embrace Software Inc has acquired Core e-Business Solutions, a provider of cloud-based warehouse management software serving 3PL, food, cold storage, high-tech and pharmaceutical customers. The acquisition expands Embrace's Industrial group capabilities by integrating Core's WMS with Embrace's asset tracking (Radiant IoT), ERP, MES and demand planning solutions to accelerate customer acquisition and product integrations.

Lone View Capital, a growth-oriented private equity firm, has made a strategic investment to acquire a majority ownership stake in Smartlinx to support expansion of the company's Healthcare Workforce Platform for long-term, post-acute and senior care providers. The deal pairs Lone View's operational expertise and capital with Smartlinx's workforce management software to accelerate product development, go-to-market efforts and growth.

Gainsight has signed a definitive agreement to acquire Northpass, a Parsippany, New Jersey-based customer education and learning management platform. The acquisition adds customer education/LMS capabilities to Gainsight's Customer Success platform, creating an end-to-end solution to help customers scale digital learning and drive retention and expansion.

Ingka Investments, the investment arm of Ingka Group (IKEA), has acquired cloud-based warehouse management and supply chain execution software provider Made4net from private equity owner Thompson Street Capital Partners. The acquisition will deploy Made4net's SCExpert platform across IKEA's global store and fulfillment network to modernize omnichannel fulfillment and strengthen IKEA's in-house supply chain capabilities.

Multilot Inc. has acquired Wavework, a sports experience management software provider, to expand its premium hospitality and fan engagement capabilities. Wavework CEO and founder Jessica Gaffney will join Multilot as VP Sports and Entertainment; terms were not disclosed.

LLR Partners has made a growth capital investment in Viventium, a SaaS-based human capital management and payroll platform focused on post-acute healthcare. Existing investor ABS Capital Partners and Viventium’s founders (the Kohn family) remain shareholders, and the capital will support continued product and customer growth; BMO Capital Markets served as lead financial advisor with KeyBanc as co-advisor.

RLDatix has acquired Porzio Life Sciences, a provider of compliance and risk-management SaaS products for the life sciences industry, from the law firm Porzio, Bromberg & Newman. The acquisition expands RLDatix's governance, risk and compliance (GRC) and life sciences capabilities and will see Porzio Life Sciences' founder join RLDatix as President and GM of its life sciences division.

SIB Holdings, backed by O2 Investment Partners and supported by several financial partners, has made a strategic investment in GETIDA, a software and service provider that helps Amazon sellers recover lost FBA reimbursements. The investment will provide GETIDA with capital to build out its technology, expand globally, and broaden savings offerings beyond Amazon.

NetDocuments, a cloud-based document and email management platform, has acquired Worldox, a long-standing document management system (DMS) provider for the legal market. The acquisition aims to migrate and integrate Worldox customers onto NetDocuments' cloud platform and broaden NetDocuments' DMS capabilities and customer base.

Paycor, a leading HCM software company, has acquired Talenya, an AI-driven automated talent sourcing platform. The acquisition integrates Talenya's AI recruiting capabilities into Paycor's cloud HCM offering to speed sourcing, improve diversity hiring, and expand Paycor's talent acquisition functionality.

Mainsail Partners has made a $40 million growth equity investment in Fexa, a Mullica Hill, New Jersey–based provider of cloud-based facilities management SaaS. Fexa will use the capital to accelerate product development, enhance integration capabilities, and broaden industry partnerships as it scales across retail, healthcare, automotive and logistics end markets.

Dynepic has acquired SurrealVR, a small virtual-reality platform pioneer, and is integrating SurrealVR's multi-player VR/AR capabilities into its DX training platform (including the USAF white-labeled MOTAR). The deal expands Dynepic's immersive training feature set — avatars, identity management, real-time voice, physics and locomotion — enabling rapid creation of collaborative 3D training experiences.

Montreal-based Cloudli Communications has acquired New Jersey-based ConnectMeVoice, a provider of hosted VoIP, UCaaS and CCaaS solutions. The deal expands Cloudli's presence and product capabilities in the U.S. business communications market and brings ConnectMeVoice's channel-focused Clarity platform and partner relationships into Cloudli's portfolio.

Marlin Equity Partners has acquired eureQa and will merge the company into Worksoft, an existing Marlin portfolio company, expanding Worksoft's Connective Automation platform. The deal brings eureQa's AI-driven, no-code SaaS test automation capabilities — including performance, mobile and API testing — into Worksoft to broaden coverage for web, mobile, API, database and e-commerce testing.

TA Associates is investing in iCIMS alongside existing investor Vista Equity Partners, with Vista and TA maintaining equal economic ownership in the company. The capital and partnership are intended to accelerate iCIMS' global growth, product development and go-to-market expansion; Susquehanna Growth Equity will remain a shareholder. Financial terms were not disclosed.

Persistent Systems has acquired MediaAgility, a Google Cloud Premier Partner and global cloud transformation services provider headquartered in Princeton, New Jersey. The deal adds MediaAgility’s ~500+ cloud engineers and Google Cloud capabilities to Persistent, enabling a dedicated Google business unit and expanded hyperscaler expertise; 7 Mile Advisors served as buy-side advisor.

Leap, a Columbia, Maryland-based provider of home contractor sales enablement software, has acquired JobProgress, a Middlesex, New Jersey-based CRM and workflow platform for home contractors. The deal, backed by Nexa Equity (Leap's majority investor), expands Leap's product capabilities and creates a larger integrated platform serving more than 2,400 contractors across North America.

Antares Vision Group, through its wholly owned subsidiary rfxcel, acquired ACSIS, a cloud-based supply-chain-visibility software provider. The acquisition expands Antares Vision Group's end-to-end digital supply-chain capabilities—including entry into Returnable Asset Management—and strengthens its presence in the United States and industry verticals such as chemicals, food & beverage, and manufacturing.

Vista Equity Partners acquired Adirondack Solutions and the company will join StarRez (a Vista-backed student housing software platform) to expand product offerings and scale in the higher-education/student housing market. The deal closes StarRez's strategic investment from Vista and combines Adirondack's customer base and products with StarRez's platform to accelerate growth in proptech/edtech and PBSA markets.

Cuadrilla Capital, a Santa Barbara-based enterprise software private equity firm, has acquired Agilence, Inc., a Mount Laurel, New Jersey–based retail data management and analytics SaaS provider. Agilence will remain led by CEO Russ Hawkins and will partner with Cuadrilla to invest in product innovation and pursue organic and inorganic growth opportunities; financial terms were not disclosed.

K1 Investment Management made a $47 million minority growth investment in HR Acuity to help the HR case management and predictive insights SaaS provider scale its product and go-to-market capabilities. The funding will support talent hires and product innovation as HR Acuity expands its cloud solutions for enterprise employee relations teams.

Gupshup has acquired Dotgo, a New Jersey–based leader in RCS business messaging, to integrate Dotgo's RCS/MaaP technology into Gupshup's conversational messaging platform. The deal adds RCS capabilities, global RBM connectivity and operator partnerships to Gupshup's single messaging API and supports expansion into markets including Africa.

Millennium Systems International, maker of the cloud-based Meevo 2 platform for salons and spas, received a minority growth investment from Serent Capital. The capital will be used to accelerate go-to-market expansion, continue product innovation (including AI/ML and HIPAA-related security enhancements), and scale the company's cloud SaaS operations serving beauty and wellness businesses.

WorkWave, a PE-backed provider of field service SaaS solutions, has signed an agreement to acquire TEAM Software, a leading provider of software for cleaning, janitorial, security, and facilities management service providers. The deal (expected to close end of September 2021) is an add-on to WorkWave’s portfolio that expands its vertical coverage and international footprint; TEAM was previously backed by Accel-KKR.

PerformLine, a Morristown, New Jersey–based provider of omni-channel compliance SaaS, received a growth-stage strategic investment from Boston-based M33 Growth to accelerate product innovation, customer success, and go-to-market expansion. The capital will support further development of PerformLine’s enterprise compliance platform and help scale the company’s sales and marketing efforts into regulated end markets such as banking, fintech, mortgage and insurance.

Axtria, a Berkley Heights–based provider of cloud software and data analytics for the life sciences industry, received a $150 million growth investment from Bain Capital Tech Opportunities. The capital will be used to accelerate Axtria's expansion of its life-sciences-focused SaaS platforms, embed AI/ML capabilities across products, and support organic growth and M&A initiatives.

Thompson Street Capital Partners (TSCP) completed a growth investment in Made4net, a New Jersey-based provider of cloud and on-premise warehouse management and supply chain execution software. The investment will support product development, new product introductions and accelerated growth to better serve Made4net’s global client base; terms were not disclosed.

Integrity Growth Partners led a significant equity investment in mortgage technology provider MBS Highway, with participation from Cohesive Capital Partners and other investors. The minority growth investment will fund product innovation, team expansion, and accelerate MBS Highway's market growth.

Corcentric, a provider of business spend management and revenue management software and services, received an $80 million minority growth equity investment from Bregal Sagemount. The capital will support product innovation, solution integration of recent acquisitions (SourceOne, NetSend, Determine), and Corcentric's ongoing global expansion of its Corcentric Cloud Platform.

Marlin Equity Partners completed a growth equity investment in SmartLinx Solutions, a provider of workforce management and human capital management software for skilled nursing, senior living and post-acute care providers. The capital will support SmartLinx’s next phase of growth to scale its software suite, expand capabilities, and deepen penetration in the post-acute care market.

NetApp acquired Talon Storage to integrate Talon's Talon FAST global file cache technology into NetApp's Cloud Volumes and Azure NetApp Files offerings. The deal expands NetApp's cloud data services and ROBO (remote office/branch office) file share capabilities, enabling customers to centralize data in the public cloud while preserving branch-office performance and experience.

Refinitiv has acquired Scivantage, a SaaS wealth-management and tax-reporting technology provider, integrating Scivantage's Wealthsqope and Maxit E2E solutions into its wealth management portfolio. The deal strengthens Refinitiv's front-to-back digital wealth capabilities and deepens its relationships with broker-dealers, prime brokers, clearing firms and bank-brokerage clients.

Kaltura has acquired Newrow, a video conferencing and virtual classroom platform founded in 2016, for an undisclosed amount. The acquisition brings Newrow's meeting and training capabilities into Kaltura's video experience platform to expand Kaltura's Meeting Solutions and consolidate enterprise video and conferencing capabilities.

E2open, an Insight Partners portfolio company, completed an all-cash tender offer and merger to acquire Amber Road for $13.05 per share, taking the formerly public global trade management software provider private. The deal, which integrates Amber Road's GTM capabilities into E2open's cloud-based supply chain platform, was supported by a $950 million one-loan debt facility arranged by Golub Capital.

CherryRoad Technologies Inc. acquired Superb Internet Corp., a provider of cloud hosting and Infrastructure-as-a-Service (IaaS) solutions. The acquisition expands CherryRoad's cloud and hosting capabilities and brings Superb's enterprise-grade hosting, colocation and CDN services to CherryRoad's client base, including the public sector.

Aluf Holdings, Inc. (AHIX) has acquired Interaqt Corporation, which does business as COLOTRAQ, making COLOTRAQ a wholly-owned subsidiary. COLOTRAQ is a global sourcing advisory and master agency for colocation, managed hosting, cloud and related network services and will continue operating under the COLOTRAQ name with support from Aluf to scale its DCITRAQ software and pursue private investor capital.

Edison Partners led a $4 million growth investment in Northpass, a New Jersey–based enterprise learning (LMS) software provider. The capital will be used to accelerate Northpass's go-to-market execution and product innovation to scale the company's SaaS learning platform.

Upland Software acquired New Jersey-based ComSci, adding ComSci's cloud-based IT financial business management (ITFBM) capabilities to Upland's family of cloud enterprise applications. The deal, announced at Upland's Impact 2013 conference, will keep ComSci's existing management and teams in place; financial terms were not disclosed.