Icario Acquires ChipRewards

CVC Capital Partners Acquires Majority Stake in Icario

May 4, 2021

Healthcare Services

CVC Capital Partners (via its CVC Growth Partners II fund) acquired a majority interest in Icario to support the company's next phase of growth and accelerate its product and go-to-market roadmap. Financial terms were not disclosed; Icario will leverage CVC's resources to scale its health action platform and expand member engagement solutions for large U.S. health plans.

Interopay Acquires Rewardworks

June 7, 2023

Payments & Fintech

Interopay Inc., a Portland-based B2B payment automation company, has acquired Rewardworks, a long-time accounts-payable/payment automation software provider. The deal — executed by Interopay (formed by Rewardworks management and investors) — will integrate Rewardworks' operations into Interopay to accelerate product development, expand customer reach, and enhance ERP-integrated payment solutions for mid-market customers.

Accel‑KKR Combines AARO, Aico and Mercur to Create Unified Financial Corporate Performance SaaS Platform

July 23, 2025

Cloud & SaaS

Accel‑KKR has completed the acquisition of AARO and is bringing it together with its existing portfolio companies Aico and Mercur to form a unified SaaS platform for the Office of the CFO across EMEA. Michael Teixeira was named Group CEO to lead the combined company, which will offer end-to-end corporate performance management, financial close automation and FP&A capabilities.

Alvaria Acquires Cicero's Intelligent Analytics Platform

July 19, 2022

Data & Analytics

Alvaria has completed the acquisition of the Intelligent Analytics Platform from Cicero Inc., and the Cicero team will join Alvaria to advance contact-center-focused analytics and attended/unattended RPA capabilities. The deal expands Alvaria's automation and analytics suite to deliver desktop analytics, agent productivity insights, and workflow-triggered RPA to improve customer and employee experiences.

Healthcare Outcomes Performance Company (HOPCo) Acquires Caro Health

August 7, 2025

Healthcare Services

Healthcare Outcomes Performance Company (HOPCo) has acquired Caro Health, an Amsterdam-based conversational AI digital health company, and will integrate Caro's platform and team into HOPCo Digital. The deal expands HOPCo's European footprint and accelerates its AI-driven product roadmap to enhance patient communication, provider workflows, and HOPCo's global digital health offerings.

Sorcero Acquires Axiom Health

July 16, 2025

AI & Machine Learning

Sorcero, an AI-driven life sciences analytics company, has acquired Axiom Health, a real-world data platform focused on the medical technology industry. The Axiom Health platform will be rebranded as Sorcero MedTech to unify medtech and pharmaceutical insights; the transaction was supported by a new investment from First Trust Capital Partners and additional investments from Axiom investors.