Quisitive Acquires Mazik Global

H.I.G. Capital Affiliate Acquires Quisitive Technology Solutions

March 11, 2025

IT Services

An affiliate of H.I.G. Capital has completed the acquisition of Quisitive Technology Solutions Inc., a Dallas-based Microsoft Cloud and AI solutions provider. Quisitive, which has nearly 500 employees and focuses on digital transformation, managed services and AI solutions across the Microsoft ecosystem, will continue to be led by CEO Mike Reinhart as H.I.G. supports the company’s growth and capability expansion.

Quisitive Acquires Catapult Systems for US$51.5M

November 8, 2021

IT Services

Quisitive Technology Solutions, Inc. agreed to acquire Austin-based Catapult Systems, LLC for US$51.5 million in cash. The deal expands Quisitive's Microsoft-focused cloud and security capabilities, increases recurring revenue, and strengthens its presence in the U.S. market.

Quisitive Sells BankCard USA to BUSA Acquisition Co.

March 27, 2024

Payments & Fintech

Quisitive Technology Solutions has entered into an agreement to sell its BankCard USA Merchant Services business to BUSA Acquisition Co., a Nevada entity backed by a consortium of BankCard employees and third‑party investors, for US$40.0 million plus other consideration and settlement of prior earnout obligations. The transaction is a divestiture intended to simplify Quisitive into a pure‑play Microsoft Cloud and AI provider, reduce debt and improve its pro forma adjusted EBITDA; the acquiror secured senior secured financing from WhiteHorse Capital to fund the deal.

Quisitive Acquires BankCard USA

March 29, 2021

Payments & Fintech

Quisitive Technology Solutions Inc. entered into an agreement to acquire BankCard USA Merchant Services, Inc. for US$100 million in cash plus the issuance of 50,000,000 common shares and a potential earn-out of up to US$20 million. BankCard USA, based in Westlake Village, California, processes over US$3.0 billion in payments annually, reported LTM revenue of US$29 million and LTM adjusted EBITDA of US$11 million, and will be integrated into Quisitive's LedgerPay payments platform; the deal is expected to close in Q2 2021 subject to approvals.

Clarivate Plc Acquires Global QMS, Inc. (Global Q)

April 23, 2024

Cloud & SaaS

Clarivate Plc has acquired Global QMS, Inc. (Global Q), a provider of cloud-based regulatory reporting and compliance SaaS for life sciences companies. The acquisition expands Clarivate's life sciences and healthcare capabilities by adding Global Q's Optiqs360 Digital platform and regulatory report authoring tools to Clarivate's data and workflow offerings; financial terms were not disclosed.

Majesco Acquires Global IQX

October 3, 2022

Cloud & SaaS

Majesco has acquired Global IQX, a SaaS insurtech that provides underwriting workbench, enrollment and AI solutions, adding sixteen customers and product capabilities. The deal integrates Global IQX’s underwriting, enrollment and intelligence tools into Majesco’s L&AH policy and absence management portfolio to accelerate capability expansion, speed to market and digital transformation for insurers.