Zaelab Acquires Trellis to Expand B2B Digital Commerce Offerings

Superstep Capital Makes Strategic Growth Investment in Zaelab

March 28, 2023

IT Services

Zaelab, a Westport, Connecticut-based B2B digital commerce consultancy, received a strategic growth investment from Superstep Capital. The capital will accelerate Zaelab’s organic growth, support future acquisitions, and expand its composable commerce capabilities including further development of its Portul.io offering.

Zelis Sells Minority Stake to Mubadala, Norwest and HarbourVest

November 26, 2024

Healthcare Services

Zelis, a Boston-based healthcare technology company, sold a minority stake to a group of investors led by Mubadala Investment Company and including Norwest and HarbourVest, with Parthenon and Bain Capital remaining the majority owners. The transaction closed November 26, 2024 and brings strategic capital and investor support to fuel Zelis's continued growth in healthcare payments and financial technology.

1Password Acquires Trelica

January 9, 2025

Cybersecurity

1Password has acquired Trelica, a SaaS access management and shadow-IT discovery specialist, to accelerate capabilities in its Extended Access Management platform. Trelica's integrations and SaaS spend optimization tools will help 1Password discover and govern unmanaged apps, automate onboarding/offboarding, and strengthen compliance and cost controls for customers.

Trellus Inc. Acquires LocaLI Bred

February 7, 2024

E-Commerce

Trellus Inc., a Long Island-based same-day local delivery marketplace, has acquired LocaLI Bred, a Long Island curator of gift and subscription boxes featuring local artisans. The LocaLI Bred brand will continue as "LocaLI Bred curated by Trellus," enabling Trellus to expand its product offering and support more local merchants across Long Island and Westchester County.

Apax Partners Acquires Zellis Group from Bain Capital

April 15, 2024

Cloud & SaaS

Funds advised by Apax Partners LLP have entered a definitive agreement to acquire Zellis Group from Bain Capital. Zellis is a leading UK and Ireland payroll, HR and benefits software provider (headquartered in Bristol) with a high degree of recurring revenue, serving around one third of the FTSE 100 and processing pay for roughly 5 million people monthly; Apax said it will support further investments and M&A to accelerate growth.

CPS Solutions Acquires Trellis Rx from Francisco Partners

June 2, 2022

Healthcare Services

CPS Solutions, LLC has acquired Trellis Rx from Francisco Partners; financial terms were not disclosed. Trellis Rx is a technology-enabled specialty pharmacy services provider that partners with health systems to build and operate hospital-based outpatient and retail specialty pharmacies; the deal closed June 1, 2022 and is intended to expand CPS's end-to-end inpatient, outpatient and specialty pharmacy capabilities.