Reward Gateway Acquires MoveSpring

Edenred Acquires Reward Gateway

May 16, 2023

Cloud & SaaS

Edenred has agreed to acquire 100% of Reward Gateway from funds managed by Abry Partners and Castik Capital for £1.15bn, valuing the employee engagement SaaS at ~20x EV/EBITDA (2023e). The acquisition expands Edenred’s employee benefits and engagement capabilities and extends Reward Gateway’s footprint in the UK, Australia and the US; Reward Gateway is expected to be consolidated immediately on closing and the deal is financed by debt and cash.

Reward Gateway Acquires Brand Integrity

July 17, 2018

Cloud & SaaS

Reward Gateway, a global employee engagement platform, has acquired Brand Integrity, a 15-year-old U.S.-based employee engagement technology and consulting firm headquartered in Rochester, New York. The deal more than doubles Reward Gateway's U.S. team, adds new clients (including Rite-Aid, Constellation Brands, and Excellus BlueCross BlueShield), and strengthens Reward Gateway's presence in the U.S. market.

Abry Partners and Castik Capital Acquire Reward Gateway

May 4, 2021

Cloud & SaaS

Reward Gateway, a UK-based SaaS employee engagement platform, has agreed to be acquired by private equity firms Abry Partners and Castik Capital from Great Hill Partners. The deal, announced May 4, 2021, will support Reward Gateway's next growth phase, funding product innovation and continued expansion (transaction expected to close in Q3 2021).

Reward Gateway Acquires Fond

March 1, 2023

Cloud & SaaS

Reward Gateway, a global HR technology and employee engagement company backed by Abry Partners and Castik Capital, has acquired Fond, a U.S.-based employee recognition, rewards and perks SaaS provider. The acquisition strengthens Reward Gateway’s recognition and rewards capabilities and expands its reach into Fond’s enterprise customer base.

RevSpring Acquires TrustCommerce to Expand Integrated Healthcare Payments

February 20, 2026

Healthcare Services

RevSpring, a Frazier Healthcare Partners portfolio company, has acquired TrustCommerce, a payments and gateway provider previously owned by Waud Capital Partners and part of the Sphere family. The deal expands RevSpring's integrated payments footprint and EHR gateway connectivity to provide greater payment visibility, routing flexibility, and simplified reconciliation across provider and payer revenue cycles.

Energage Acquires TalentQuest to Expand Employee Experience Suite

March 25, 2025

Cloud & SaaS

Energage, the HR technology and SaaS company behind the Top Workplaces program, has acquired TalentQuest, a provider of personalized talent management solutions. The acquisition combines Energage’s engagement insights with TalentQuest’s talent development tools to create an integrated employee experience offering for organizations seeking to attract, develop, and retain talent.