Tracked deals
61
61 tracked deals across 2019-2026.
Tracked deals
61
61 tracked deals across 2019-2026.
Buyer mix
Mixed buyer set
47 pe · 33 strategic
Top trend
Volume peaked in 2021
15 tracked deals announced in 2021.
Primary Insight
| Buyer (example) | Deal type shown | Where it fits |
|---|---|---|
| TA Associates | Strategic growth investment | Public-sector software |
| Accela | Acquisition | Government infrastructure lifecycle workflows |
| Blackstone | Minority growth investment | Property management OS platform expansion |
| Insight Partners | Growth financing | Legal operating intelligence SaaS scaling |
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Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Accel | 2 | Global venture capital firm investing in early and growth... | PE |
| Cove Hill Partners | 2 | Long-duration private equity firm investing personal capi... | PE |
| TA Associates | 2 | Global growth private equity firm investing in profitable... | PE |
| iOFFICE | 2 | Provider of digital workplace experience and IWMS SaaS pl... | Strategic |
| Abacus Finance Group, LLC | 1 | Direct lending firm providing cash-flow senior debt and s... | Investor |
| Accela | 1 | Provides cloud software for state and local governments, ... | Strategic |
| Advent International | 1 | Global private equity investor focused on growth and buyo... | PE |
| Album Ventures | 1 | Early-stage venture firm investing in technology companie... | PE |
| Allocations | 1 | Fintech platform offering end-to-end private equity produ... | Strategic |
| BDT & MSD Partners | 1 | Merchant bank and investment firm that provides advisory ... | PE |
Last 8 years
Supporting Data
CVC Capital Partners IX agreed to invest in Chess.com, the world’s largest online chess platform, alongside longtime shareholder General Atlantic. Terms were not disclosed, and the investors said the partnership aims to improve the platform and expand Chess.com’s global presence.
Govineer Solutions, a provider of software and payments for local governments, announced a strategic growth investment from TA Associates to accelerate its evolution into an AI-powered operating system for municipalities. Upon transaction completion, Peterson Partners will fully exit its stake while Govineer management and employees retain meaningful ownership. The deal is expected to close in Q2 2026, subject to customary closing conditions.
Solen Software Group acquired Trackit LLC, a provider of transit-specific cloud-based SaaS that helps public transportation agencies manage safety and compliance while enabling cross-department collaboration. The transaction closed in February 2026, and Trackit Transit will continue operating with autonomy under Solen’s long-term ownership model.
Accela, a cloud software provider for state and local governments, acquired Novotx to expand its platform roadmap to cover the full lifecycle of public infrastructure—from planning and permitting through operations, maintenance, and long-term asset stewardship. The deal integrates Novotx’s GIS-native asset and work management capabilities (including utilities, service requests, work orders, inspections, and field operations) into the Accela Civic Platform to reduce fragmented workflows and improve long-term visibility and planning for agencies.
ZenaTech, Inc. has acquired Vara 3D, a Salt Lake City-area surveying and 3D mapping firm headquartered in Murray, Utah. The deal expands ZenaTech’s Drone-as-a-Service (DaaS) capabilities into the high-growth solar infrastructure market and supports growth into drone-based solar panel inspection, maintenance, and washing.
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.
Instructure Holdings has entered into a definitive agreement to be acquired in an all-cash deal by investment funds managed by KKR, with participation from Dragoneer Investment Group, at $23.60 per share. The transaction was completed on Nov. 13, 2024, after which Instructure ceased trading and is no longer listed on the NYSE.
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.
NRG Energy has entered into a definitive agreement to acquire Vivint Smart Home in an all-cash transaction valued at $2.8 billion, or $12 per share. The deal totals $5.2 billion including cash and assumed net debt, and is expected to close in the first quarter of 2023.
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.
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.
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.
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.
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Find buyers actively acquiring cloud & saas companies.
Recent Utah transactions include government services software, transit safety/compliance SaaS, legal operating intelligence, healthcare compliance/contract lifecycle, and case management.
Both are represented. The page includes full acquisitions (e.g., Accela and Solen Software Group) and minority growth investments/financings (e.g., Blackstone in Entrata, and Insight Partners in Filevine).
Recurring names include Cove Hill Partners, TA Associates, Accel, Warburg Pincus, Insight Partners, Luminate Capital Partners, and FranConnect.
The listed events are located in Utah, United States.