Cloud & SaaS Acquisitions in Oregon

TPG's The Rise Funds has made a majority investment in Trustwell, a SaaS provider of regulatory compliance, traceability and supplier management software for the food industry. The Riverside Company has fully exited its investment; financial terms were not disclosed. The partnership aims to accelerate Trustwell's product innovation and scale adoption across food and beverage supply chains.

Goldman Sachs Alternatives led a consortium that acquired a majority stake in NAVEX, a Lake Oswego, Oregon–based provider of ethics, risk and compliance (GRC) software. Blackstone purchased a significant minority stake, BC Partners will retain a significant minority position, and Vista Equity Partners exited; the deal is intended to accelerate NAVEX One product innovation and global expansion.

Francisco Partners has entered into a definitive agreement to acquire Jama Software from shareholders including Insight Partners and Madrona Ventures for $1.2 billion. Jama CEO Marc Osofsky will reinvest and remain CEO as Francisco Partners partners with the company to accelerate expansion across enterprises, industries and geographies; the transaction is subject to customary closing conditions.

SJA Enterprises, a SaaS provider, has acquired TrialLine.com, a cloud-based timeline and trial presentation software for legal professionals. The acquisition expands SJA's SaaS portfolio and will support further product development and team growth to better serve law firms and litigation support customers.

JMI Equity has made a strategic growth investment in Visiting Media, a Carlton, Oregon–based provider of a cloud-based sales enablement platform (TrueTour) for the hospitality and events industry. The capital will be used to expand the team, accelerate product innovation and growth; JMI principals Chase Thomet (Director) and Brian Hersman (Observer) will join Visiting Media's board.

NinjaCat, the digital marketing performance management platform, has acquired Shape.io, a pay-per-click (PPC) budget management software suite. The acquisition integrates Shape.io's budget monitoring and automation capabilities and teams into NinjaCat to accelerate delivery of an all-in-one marketing data and reporting platform.

Ven Capital Partners, with investment support from Pacific Lake Partners, Miramar Equity Partners and Bain Capital Credit, has acquired Eleven Software, a Portland-based provider of cloud-based Wi‑Fi management software for hospitality, multifamily and community markets. The PE acquisition will retain Eleven's team in Portland and aims to accelerate the company's SaaS growth and product capabilities for hospitality, multifamily and municipal customers.

Autodesk has signed a definitive agreement to acquire The Wild, a cloud-connected extended reality (XR) platform (including IrisVR) that provides immersive collaboration and review tools for architecture, engineering and construction (AEC) teams. The acquisition is intended to expand Autodesk’s XR capabilities and integrate The Wild’s virtual collaboration tools into Autodesk’s broader design and construction cloud offerings.

The Riverside Company, a global private equity firm, has acquired ESHA Research, a Salem, Oregon–based provider of SaaS nutritional analysis, label-compliance and formulation software. Riverside plans to invest in product innovation, sales and marketing, and customer support to accelerate product development, expand internationally, and pursue complementary add-on opportunities while ESHA continues to operate under its existing management and location.

WebPT has acquired Clinicient and its subsidiary Keet, expanding its outpatient rehabilitation SaaS platform and adding Clinicient’s EMR, billing, and business intelligence capabilities. The deal (effective January 18, 2022) — financial terms undisclosed — increases scale across outpatient rehab, with the combined companies serving more than 27,000 clinics and 43 million patients; Ashley Glover will lead the combined company as CEO.

Cart.com, an end-to-end ecommerce-as-a-service provider, acquired SellerActive, a Portland-based SaaS multichannel ecommerce management platform. The acquisition integrates SellerActive’s listings, inventory, pricing, and fulfillment automation into Cart.com’s suite to expand multichannel capabilities and drive growth for ecommerce brands.

RealPage, Inc. has agreed to acquire G5 Search Marketing, a Bend, Oregon–based provider of SaaS digital marketing and analytics for the real estate sector. The acquisition adds G5's AI/ML-driven marketing optimization capabilities to RealPage's end-to-end real estate platform; the deal closed in Q3 2021 and was backed by the fact that G5 was held by PeakEquity Partners and Milestone Partners.

Revinate, backed by Serent Capital, has acquired NAVIS and will operate under the Revinate name with Serent as the largest shareholder. The combined company will integrate Revinate's guest data and marketing automation platform with NAVIS' reservation sales and direct-booking capabilities to create an end-to-end booking solution for hoteliers, serving nearly 8,000 hotels; NAVIS CEO Kyle Buehner will retire and transition responsibilities to Revinate CEO Marc Heyneker.

Demand Science, a global buyer-intelligence and demand-generation platform, has acquired Tidings, an on-demand automated newsletter creation SaaS. The acquisition expands Demand Science’s sales enablement and content-driven customer engagement capabilities by integrating Tidings’ no-code newsletter tools and bringing founder David Mihm onto the team as VP, Head of Product.

Avalara, Inc. (NYSE: AVLR) acquired Transaction Tax Resources, Inc. (TTR) for approximately $377 million in cash, strengthening Avalara's enterprise tax capabilities and content database. The deal brings TTR's tax research, rates database, and exemption certificate management solutions into Avalara's cloud tax automation platform and adds roughly 1,400 customers primarily in enterprise verticals.

Primus Capital led a major growth investment in Cayuse, the Portland-based market leader in cloud-native research administration software. Quad Partners and its affiliates reinvested alongside Primus to support Cayuse’s product innovation, platform expansion and continued strategic acquisitions; Macquarie Capital served as Cayuse’s financial advisor.

Elm Street Technology, a sponsor-backed real estate technology platform, has acquired IDX Broker, LLC, a Eugene-based provider of IDX search and lead-management SaaS for real estate professionals. The transaction (backed by Vaquero Capital) represents an add-on to Elm Street’s platform; Main Street Capital Corporation exited its debt and equity investments and realized a reported $9.3 million gain on the sale.

Accel-KKR, a technology-focused private equity firm, has acquired Springbrook Software, a provider of cloud-based ERP, finance, payroll and utility billing software for local governments. The carve-out from Accela will let Springbrook operate as an independent company with increased investment to accelerate product innovation, customer care and growth across North America.

Bigtincan (ASX:BTH) acquired Veelo Inc., a Portland-based sales enablement platform, to expand its sales enablement capabilities and strengthen its presence in the technology market vertical. The acquisition will integrate Veelo’s desktop/web-focused sales enablement and content/coach features into Bigtincan’s mobile-first, AI-powered platform and adds Veelo employees across the United States (including Portland, OR and Minneapolis, MN) to Bigtincan’s North American footprint.

KPA, a SaaS and services provider for compliance and workforce management, has acquired Compli, a Portland-based provider of HR business process automation software. The acquisition adds Compli’s workflow and compliance automation capabilities to KPA’s HRIS, ATS, training and HR advisory offerings to expand KPA’s human capital management solution for small and middle-market companies.