Cloud & SaaS Acquisitions in Oklahoma

Tyler Technologies has acquired MyGov LLC, a Norman, Oklahoma–based provider of cloud-based permitting, inspections, planning, and zoning software. The acquisition brings MyGov's community development and asset management modules into Tyler's public administration portfolio to better serve small and mid-sized municipalities across the United States.

Chicago-based AiRo Digital Labs has acquired Cloudaction, a cloud solutions provider with capabilities across Salesforce, ServiceNow, BMC and Microsoft Azure, to strengthen its AI and cloud consulting practice and accelerate growth. The acquisition integrates Cloudaction's platform and global delivery capabilities (headquartered in Tulsa, Oklahoma with a delivery center in Pune, India) into AiRo's Cloud practice to create a larger AI & Cloud consulting firm in the U.S.

Tonaquint acquired the former EdgeX data center facility in Oklahoma City in late 2023 and is upgrading the site from a single-client environment to a multi-tenant, initially deploying 2.5 MW of critical IT load with expansion capability up to 12 MW. The St. George, Utah–based data center operator (PE-backed by DIF Capital Partners) is refreshing infrastructure and customer spaces to target high-density and AI workloads and begin taking orders for capacity in April 2024.

Sidetrade has acquired CreditPoint Software, a Tulsa-based provider of real-time B2B credit risk management solutions, in a cash deal reported at approximately €3 million (including earn-outs). The acquisition strengthens Sidetrade's Order-to-Cash platform with instant credit decisioning capabilities and expands its footprint in North America as part of the Group's Fusion 100 strategic plan.

True Wind Capital completed a strategic growth equity investment in W Energy Software to accelerate the company's expansion into new markets and support product and M&A-led growth. M33 Growth and certain founders and shareholders rolled a meaningful portion of their equity; Mark Hill was appointed CEO as part of a leadership succession plan.

Funds advised by Providence Equity Partners completed a majority growth investment in Tenstreet, a Tulsa-based provider of driver recruiting SaaS for the trucking industry. Tenstreet co-founder and CEO Tim Crawford will remain an investor and continue to lead the company while existing investor Spectrum Equity retains a significant minority stake; the capital will be used to accelerate product and team growth and to pursue strategic acquisitions.

KPA, a provider of Environment, Health & Safety (EHS) compliance software and services, has acquired iScout, a cloud-based mobile EHS software provider based in Norman, Oklahoma. The acquisition adds mobile-first EHS and compliance software capabilities to KPA’s product portfolio and is intended to accelerate adoption among small and mid-sized customers in industries such as energy, manufacturing, construction, and transportation.