Providence Equity Partners Acquires Majority Stake in 365 Retail Markets

365 Retail Markets to Acquire Cantaloupe, Inc.

June 16, 2025

Payments & Fintech

365 Retail Markets, a portfolio company of Providence Equity Partners, has entered into a definitive agreement to acquire Cantaloupe, Inc. in an all-cash transaction valued at approximately $848 million. The deal will take Cantaloupe private and combines 365's unattended retail technology with Cantaloupe's payments, hardware and software capabilities to expand product offerings, cross-sell opportunities and global reach in unattended retail and foodservice markets.

Providence Equity Partners Takes Majority Growth Stake in Modern Campus

August 26, 2025

Cloud & SaaS

Providence Equity Partners has made a majority growth investment in Modern Campus, a learner-to-earner SaaS platform for higher education. The Riverside Company sold its stake in the business, and Modern Campus appointed Craig Chanoff as CEO as Providence plans to support product development and strategic acquisitions to accelerate growth.

365 Retail Markets Acquires Stockwell

August 13, 2020

AI & Machine Learning

365 Retail Markets, a McCarthy Capital‑backed provider of self-service point-of-sale solutions, acquired Oakland-based smart-store technology company Stockwell. 365 will integrate Stockwell's computer-vision, AI and machine-learning platform into its 365 POS ecosystem, hire select team members, and continue to support Stockwell's 1,000+ installed locations.

Providence Equity Partners Majority Investment in Tenstreet

October 4, 2021

Cloud & SaaS

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.

Providence Equity Partners Invests in Brandt Information Services

June 5, 2024

Cloud & SaaS

Providence Equity Partners has made an equity investment to become the majority owner of Brandt Information Services, a Tallahassee-based provider of software platforms for outdoor recreation management. NexPhase Capital will remain an investor while the company — which offers licensing, registrations, reservations and e-commerce solutions to public conservation agencies and outdoor organizations — will continue to be led by CEO Travis Warren.

Providence Equity Partners Majority Investment in Smartly.io

December 18, 2019

Marketing & Advertising

Providence Equity Partners agreed to make a €200 million majority investment in Smartly.io, a Helsinki-based digital advertising and creative automation platform. The Smartly.io founders will continue to lead the company and retain significant ownership while Providence partners with management to accelerate growth through organic investment and acquisitions and to expand the company's global and U.S. presence.