Cloud & SaaS Acquisitions in Utah

Traumasoft, a provider of integrated EMS management software, has acquired Huly, an AI-native platform that automates administrative workflows for emergency medical services. Huly will continue to operate under its existing brand and leadership while Traumasoft integrates Huly's AI-driven automation into its EMS platform to expand capabilities and improve workflows across billing, QA/QI, and workforce operations.

Accela, a provider of cloud software for local and state governments, has acquired Novotx, a GIS-native infrastructure asset and work management software provider. The acquisition expands Accela's Civic Platform to support the full lifecycle of public infrastructure — from planning and permitting through operations, maintenance, and long‑term asset stewardship — and will integrate Novotx's GIS-native capabilities for asset, work order, and field operations management.

Pronto, a Lehi, Utah–based secure, mobile-first team communications platform, received a significant minority growth investment from SEVA Growth LP. The capital will be used to accelerate sales, expand Pronto's customer footprint, and develop new product functionality and integrations; SEVA founder Shalin Mehta will join Pronto's board.

Filevine, a Salt Lake City–based legal operating intelligence SaaS provider, raised $400 million in an all-equity growth financing led by Insight Partners with Accel and Halo Fund co-leading and participation from Meritech, StepStone, Run Ventures and Album Ventures. The new capital will be used to scale Filevine’s product, deepen AI capabilities, and accelerate go-to-market expansion across law firms, government agencies and enterprise legal teams.

Digi International acquired Jolt Software for approximately $145.5 million in cash and will integrate Jolt into its SmartSense business to advance operational intelligence and compliance automation across foodservice, grocery, convenience and healthcare verticals. Jolt generated over $20 million in ARR and the acquisition is expected to accelerate ARR growth, deliver roughly $11 million of annualized adjusted EBITDA synergies by end of 2026, and be immediately accretive to adjusted EPS.

DASH and S4i Systems have completed a merger to form SMRTR, a cloud-based automation and compliance platform serving manufacturing and food & beverage companies. The combined company unites DASH's accounts payable and document management capabilities with S4i's compliance and supplier management tools to offer an integrated ERP-focused automation suite.

Entrata, a Lehi, Utah-based property management operating system, received a $200 million minority investment from funds managed by Blackstone at a $4.3 billion valuation. The growth capital will support Entrata's expansion of its platform and product capabilities for property managers and residents.

TMA, a Main Capital Partners-backed Dutch talent management software company, has acquired DecisionWise, a U.S.-based provider of cloud-based employee feedback, engagement and 360-degree feedback solutions. The deal creates a cross-Atlantic talent management player, expanding TMA’s product offering and North American presence while combining complementary employee experience and talent management capabilities.

Ntracts, a healthcare-focused contract lifecycle management (CLM) provider, has acquired Compliatric, a regulatory, accreditation and compliance management technology for healthcare organizations. The acquisition expands Ntracts' capability set for administrative compliance and accreditation management and is the company's first deal since receiving majority backing from Accel‑KKR in 2023; terms were not disclosed. Healthcare Growth Partners served as exclusive financial advisor to Compliatric.

CaseWorthy, a Salt Lake City-based social and human services case management platform backed by private equity firm STG, has acquired Eccovia, a software and services provider of case management and data analytics for health and human services. The deal creates one of the largest purpose-built case-management platform companies by combining complementary capabilities—expanding CaseWorthy's platform to support additional workflows such as homeless Continuum of Care and broader care coordination.

Sumeru Equity Partners has made a $330 million control investment to acquire JobNimbus, a Lehi, Utah–headquartered SaaS provider for roofing and exterior contractors. The funding — supported by a senior credit facility arranged by Monroe Capital — will be used to scale product development (including AI features), expand the team, and accelerate growth; existing investors and founders will remain on the cap table and Sumeru will join the board.

Francisco Partners has signed a definitive agreement to acquire AdvancedMD, a cloud-native medical office software provider, from Global Payments. The transaction (expected to close in Q4 2024) will return AdvancedMD to Francisco Partners' portfolio and aims to accelerate product investment and growth while keeping the existing management team in place.

ShareWillow, a platform for small businesses to design and manage employee incentive plans, has acquired Utah-based Plentive, a bonus plan software company. The acquisition expands ShareWillow’s product capabilities and market share in the incentive compensation software space, bringing Plentive’s existing customer base and bonus-plan functionality into ShareWillow’s platform.

IRIS Software Group has acquired Swipeclock, a U.S.-based provider of cloud workforce management and HCM solutions, to accelerate Swipeclock's product roadmap and expand IRIS' integrated HCM offerings for the US SMB market. The seller was Inverness Graham; financial terms were not disclosed.

EQT Private Equity's EQT X fund has agreed to acquire Avetta from Welsh, Carson, Anderson & Stowe (WCAS). Avetta is a global SaaS leader in supply chain risk management with 12 offices, more than 750 employees, and a network spanning 130+ countries; EQT says it will back product innovation, AI/automation adoption and global expansion to accelerate growth.

FranConnect has acquired RizePoint, a Salt Lake City–based provider of quality management systems (QMS) and mobile auditing technology for multi-location restaurant, retail, and hospitality brands. The deal adds advanced QMS capabilities to FranConnect’s franchise and multi-location operations platform; RizePoint was backed by Access Holdings and FranConnect is backed by Serent Capital.

ieDigital has acquired US-based digital banking SaaS provider Connect FSS to form the ieDigital Group and accelerate international growth. The deal, led by Parabellum Investments (the family office of Rami Cassis), will keep Connect FSS as a standalone brand and aims to expand ieDigital's US footprint and product capabilities for banks and credit unions; terms were not disclosed.

Entrata, a multifamily property management operating system, acquired 100% of the equity in Rent Dynamics to integrate RentPlus rent-reporting and resident financial tools into Entrata’s platform. The deal expands Entrata’s resident services capabilities to help renters build credit and provides additional retention and revenue tools for property managers; financial terms were not disclosed.

Silver Lake, in partnership with Canada Pension Plan Investment Board (CPP Investments) and several co-investors including Accel, BDT & MSD Partners and DFO Management, completed a transaction to take Qualtrics private in a deal valuing the company at approximately $12.5 billion. The investors acquired 100% of outstanding shares (including SAP’s majority stake) for $18.15 per share to support Qualtrics’ continued product and AI-driven growth as an independent, privately held enterprise cloud software platform.

Corporate Visions, a Riverside-backed revenue growth and sales enablement platform, has acquired Primary Intelligence, a SaaS provider of automated win‑loss and no‑decision analysis for B2B companies. The add‑on expands Corporate Visions' capabilities by integrating Primary Intelligence's deal-level buyer feedback and analytics to deliver rep-level coaching and real-time customer insights.

Boston-based growth equity firm WestView Capital Partners has made a growth recapitalization investment in Mobility Market Intelligence (MMI), a Salt Lake City–headquartered provider of SaaS-based data intelligence and analytics for the mortgage and real estate industry. Abacus Finance provided senior secured debt financing and made an equity co-investment to support the transaction; WestView partners Kevin Twomey and John Turner will join MMI's board to help scale the business and accelerate product development and growth.

DIF Capital Partners has signed an agreement to acquire Tonaquint Data Centers, a regional colocation and cloud services provider headquartered in St. George, Utah, with operations also in Boise, Idaho. The investment — made through DIF's CIF III fund — will support Tonaquint's growth, enhance its facilities and expand its service offering while Tonaquint management retains a minority stake.

RedAwning has acquired the business and client base of Lexicon Travel Technologies, a U.S.-based channel manager for vacation rental property managers. The deal brings hundreds of Lexicon clients and thousands of properties onto RedAwning's marketing, distribution and reservations platform and adds Lexicon's team and technology to RedAwning's capabilities.

Bregal Sagemount has made a minority strategic growth investment in Solo LLC, a Lehi, Utah–based provider of cloud-based solar sales, proposal, and design software. The capital will be used to accelerate Solo's product development, expand talent, and scale go-to-market efforts across the solar industry; financial terms were not disclosed.

Luminate Capital Partners has made a strategic growth investment in Suralink, a Salt Lake City–based SaaS provider of request list and workflow management software for accounting and professional services firms. Terms were not disclosed; existing investor Growth Street Partners will remain involved as Suralink scales its platform and expands market penetration.

Bow River Capital's Software Growth Equity team made a majority investment in Xima Software, the South Jordan, Utah-based developer of the Chronicall contact center SaaS platform. The financing is intended to scale Xima's global growth, strengthen operational and technical infrastructure, and support go-to-market expansion; Bow River partners joined Xima's board as part of the transaction.

Ellucian has completed the acquisition of CampusLogic, an ed‑tech provider of Student Financial Success SaaS solutions that serves nearly 800 higher‑education institutions and more than five million students. The deal brings CampusLogic's financial aid, scholarship and student-finance tools into Ellucian's Experience Platform and ERP/SIS/CRM suite to strengthen student financial success and improve enrollment and completion outcomes.

Epicor has acquired Grow, a no-code, full‑stack business intelligence (BI) platform, to strengthen Epicor’s analytics and data-visualization capabilities across its manufacturing, distribution and retail customer base. Financial terms were not disclosed; the deal folds Grow’s data integrations, warehousing and visualization tools into Epicor’s enterprise software portfolio to help customers generate actionable insights in real time.

The Capstreet Group has acquired hh2 Cloud Services, a Kaysville, Utah–based provider of cloud-based construction management software. Capstreet plans to use hh2 as a platform to grow its construction software investments through organic expansion and strategic add-on acquisitions; hh2 CEO Devon Dorrity and the senior management team will remain in place.

Pattern, a leading ecommerce acceleration platform, has acquired Amplifi.io, a digital asset management (DAM) and product information management (PIM) provider. The acquisition will fold Amplifi.io's DAM/PIM technology into Pattern's ecommerce platform to help brands manage and optimize product content across marketplaces and digital channels at scale.

Norland Capital, a technology-focused private equity firm, has made a significant investment in iWorQ Systems, a Logan, Utah–based provider of SaaS workflow software for local governments. The investment will be used to accelerate iWorQ's growth, expand its team and product capabilities, and broaden its footprint across cities and counties in the United States and Canada.

Diversis Capital Management has made a significant growth equity investment in SalesRabbit, the Lehi, Utah-based provider of field sales enablement software. The capital will fund SalesRabbit's growth initiatives and support the company's plans to pursue strategic add-on acquisitions.

Flatiron Health has acquired Protocol First, a Salt Lake City–based provider of clinical research software, making Protocol First a wholly owned subsidiary effective Dec. 14. The acquisition integrates Protocol First's EHR-to-EDC connector and research workflow tools into Flatiron's Clinical Research business unit to expand Flatiron's real-world evidence and clinical research capabilities.

nCino, a cloud banking software provider, agreed to acquire SimpleNexus, a mobile-first homeownership and digital mortgage platform, in a transaction valued at approximately $1.2 billion (approximately $240 million cash and ~13.2 million shares). The acquisition expands nCino's point-of-sale and mobile capabilities in the U.S. mortgage market and is expected to close by the end of nCino's fourth fiscal quarter ending January 31, 2022, subject to customary approvals.

Allocations acquired Salt Lake City-based Lumen Advisory & Finance in a $2.5 million cash-and-stock deal to integrate Lumen’s accounting automation capabilities into Allocations’ private equity platform. Nicholas Bird, founder of Lumen, will join Allocations as Chief Financial Officer as the firm’s “infinity engine” fund and SPV accounting system is deployed across Allocations’ product suite. The acquisition strengthens Allocations’ fund administration and tech-enabled accounting capabilities for its SPV and fund customers.

Class Valuation, a Gridiron Capital portfolio company, acquired DataMaster, a Layton, Utah–based real estate appraisal software provider that supplies MLS and public record data integration and a SaaS workflow tool for appraisers. The acquisition expands Class Valuation's technology capabilities and will integrate DataMaster's MLS integration and data management with Class's Property Fingerprint to further digitize and streamline the appraisal process.

FTV Capital has made a $100 million growth equity investment in LoanPro, a Farmington, Utah-based SaaS loan management, servicing and collections platform. The capital will be used to enhance LoanPro's platform functionality, enter new lending verticals, and accelerate client-focused growth initiatives; FTV partner Robert Anderson will join LoanPro's board.

Learning Technologies Group (LTG) acquired Bridge, a learning, performance and skills development SaaS platform, from Instructure Inc on February 26, 2021. The deal expands LTG's mid-market learning and talent-management capabilities by adding Bridge's LMS, performance and engagement products and its ~80-person team and ~800 customers.

Bill.com acquired Divvy, a Draper, Utah-based leader in spend management, in a stock-and-cash transaction valued at approximately $2.5 billion (about $625M cash and $1.875B in Bill.com stock). The deal integrates Divvy’s expense management software and corporate card capabilities into Bill.com’s cloud financial operations platform to give SMB customers a one‑stop solution for AP, AR and spend management.

Charles Thayne Capital, a growth-oriented private investment firm, has acquired Lucidpress, a cloud-based brand templating and design platform. The investment is intended to support Lucidpress' growth and product development as the company operates as an independent business led by CEO Owen Fuller.

Warburg Pincus has agreed to acquire Clearlake Capital's interest in NetDocuments, joining existing investor Cove Hill Partners to support the company's next phase of growth. Terms were not disclosed; the investment will back NetDocuments' continued expansion of its vertical cloud-based content services platform for law firms, corporate legal teams and compliance departments.

WorkWave, the provider of cloud-based field service and last-mile software, has acquired Slingshot, a provider of customer call center software and outsourced sales/lead response services. The acquisition adds omni-channel contact center capabilities and outsourced sales to WorkWave's platform to help field service customers increase lead conversion and customer engagement.

Funds advised by PSG have made a strategic growth investment in Kenect, a Lehi, Utah-based provider of cloud-based two-way text messaging and customer communications technology. The capital will be used to fund product innovation, scale go-to-market and customer support, and pursue strategic acquisitions; financial terms were not disclosed.

Clubessential Holdings, a Battery Ventures-backed provider of club-management SaaS, has acquired foreUP, a cloud-based golf course management software provider headquartered in Pleasant Grove, Utah. The acquisition expands Clubessential's product footprint into the public golf market and integrates foreUP's tee sheet, POS, billing and marketing capabilities into the Clubessential Holdings portfolio.

New Zealand-based Straker Translations (ASX: STG) has acquired Lingotek, a Lehi, Utah–based translation management system (TMS) and language services provider, in a cash-and-stock transaction. The deal brings Lingotek's SaaS TMS, enterprise customers (including Oracle and Nike), and U.S. team into Straker's AI-powered RAY platform to accelerate Straker's expansion in the U.S. and broaden its technology and service capabilities. 7 Mile Advisors acted as exclusive sell-side advisor and Lingotek's investor Signal Peak Ventures was a selling party.

Lehi, Utah-based home services software company JobNimbus received a $53 million growth investment from San Francisco-based growth equity firm Mainsail Partners. The capital will be used to advance JobNimbus' core SaaS platform, expand product and support teams, and accelerate customer growth; Mainsail principals will join JobNimbus' board.

Intraprise Health has acquired HIPAA One, a provider of cloud-based HIPAA compliance automation software, to create an integrated cybersecurity and compliance platform for healthcare organizations. The transaction was financed with support led by Bluff Point Associates, with participation from existing investor Health Enterprise Partners.

PointClickCare Technologies has completed the acquisition of Collective Medical, combining PointClickCare's cloud-based post-acute dataset with Collective Medical's real-time, cross-continuum care coordination network. The deal brings together complementary SaaS platforms to provide deeper, point-of-care patient insights across acute, ambulatory, post-acute and payer settings; terms were not disclosed.

VMware announced the acquisition of SaltStack, a Lehi, Utah-based enterprise automation and security software company, from Mercato Partners' Traverse Growth Fund III for an undisclosed amount. The deal brings SaltStack’s event-driven infrastructure and vulnerability management capabilities into VMware’s cloud, networking and security portfolio to expand its automation and SecOps offerings.

Fragomen has acquired SimpleCitizen and will incorporate the business into a new subsidiary, Fragomen Technologies Inc., to enhance its client-facing immigration technology and workflow automation. SimpleCitizen's team will remain in place as Fragomen integrates the platform to scale across countries and case types, leveraging AI to improve case processing and reporting.