Sole Source Capital Acquires Brite

Virtusa Acquires BRIGHT

February 8, 2024

IT Services

Virtusa Corporation has acquired BRIGHT (Bright Consulting), a leading ServiceNow and Splunk partner in EMEA, to strengthen its ServiceNow and Splunk capabilities and expand its presence in Europe. Financial terms were not disclosed; BRIGHT brings roughly 100 consultants (about 70 ServiceNow and 30 Splunk specialists) and expertise in digitalization, SecOps, observability, and AI/ML analytics.

Triad Service Solutions Acquires Brite Solutions

December 17, 2024

Industrial Services

Triad Service Solutions, a facilities maintenance provider backed by Tide Rock YieldCo, has acquired Brite Solutions, a nationwide facility maintenance specialist for transportation, logistics and warehousing facilities. The add-on expands Triad’s national footprint, subcontractor network and capabilities for 24-hour operations across 46 states, enabling cross-selling of services and accelerated growth.

Siemens AG Acquires Brightly Software from Clearlake Capital

August 4, 2022

Cloud & SaaS

Siemens AG, via its Smart Infrastructure division, agreed to acquire Brightly Software, a U.S.-based cloud-native enterprise asset management SaaS provider, from Clearlake Capital for $1.575 billion in upfront cash plus up to $300 million in earn-outs. The acquisition strengthens Siemens' digital building and infrastructure software capabilities and expands its SaaS footprint, while Brightly will benefit from Siemens' global scale.

Brightworks IT (Cloud Equity Group) Acquires Key Technology Solutions

December 5, 2022

IT Services

Cloud Equity Group-backed Brightworks IT has acquired Key Technology Solutions, a Michigan-based managed service provider (MSP). The deal is an add-on acquisition as part of Cloud Equity Group and Brightworks IT's roll-up strategy to consolidate managed IT services firms, expand geographic coverage, and strengthen technical capabilities.

iC Consult Group Acquires SecureITsource

January 18, 2022

Cybersecurity

iC Consult Group, a Munich-headquartered IAM consultancy backed by The Carlyle Group, has acquired SecureITsource, a Roswell, Georgia-based provider of Identity & Access Management (IAM) services. The acquisition expands iC Consult’s presence in North America and strengthens its global IAM service and managed-services capabilities; financial terms were not disclosed.

Sole Source Capital Acquires I.D. Images

August 3, 2021

Manufacturing

Sole Source Capital LLC, an industrial-focused private equity firm, has acquired I.D. Images (IDI), a manufacturer of durable and graphic-intensive product identification labels headquartered in Brunswick, Ohio. Sole Source said it will provide capital and integration expertise to support IDI's buy-and-build growth across North America; terms were not disclosed.