WiMi Hologram Cloud Acquires Majority Stake in MicroAlgo Inc.

THL Partners Acquires Majority Stake in AMI

September 9, 2024

Software

THL Partners has agreed to acquire a majority stake in AMI from HGGC in a private transaction expected to close in fall/Q4 2024. AMI, headquartered in Duluth, Georgia, is a global leader in dynamic firmware used across data centers and cloud platforms and employs over 1,500 engineers; THL says the investment will accelerate product innovation and market expansion to address growing AI and hyperscale infrastructure demand.

Plymouth Growth Invests in Algo

July 20, 2021

Cloud & SaaS

Plymouth Growth, a growth equity firm, made a multi-million dollar investment in Algo, a Troy, Michigan-based supply chain optimization SaaS provider. The capital and strategic partnership (with Plymouth partner Kevin Terrasi joining Algo's board) will be used to accelerate market penetration and expand Algo's sales and marketing capabilities.

Computer Modelling Group (CMG) Acquires Bluware-Headwave Ventures Inc.

September 25, 2023

AI & Machine Learning

Computer Modelling Group Ltd. (CMG) acquired Bluware-Headwave Ventures Inc., a cloud-native AI and deep-learning software and services provider for subsurface decision-making, from majority owner EV Private Equity. CMG paid US$22 million with an additional earn-out of up to US$8 million; Bluware reported approximately US$23.5 million revenue in its most recent fiscal year and provides the InteractivAI product and proprietary VDS data format for seismic data.

Sherweb Acquires MicroWarehouse (Ireland)

December 11, 2024

Cloud & SaaS

Sherweb, a Montreal-based cloud distributor, has acquired MicroWarehouse, a leading Irish IT distributor, to expand its presence in the Irish cloud market. MicroWarehouse will operate as a local business unit under its existing brand while leveraging Sherweb's global resources to broaden product and managed-service offerings, particularly in cybersecurity, business continuity and AI.

Alternative Capital Group Acquires Majority Stake in Kaloom

May 20, 2021

Cloud & SaaS

Alternative Capital Group Inc. (ACG) has closed a transaction to become the majority shareholder in Kaloom Inc., a Montreal‑based developer of cloud‑native edge networking software. ACG said it will provide capital and capital-markets expertise to support Kaloom's global growth and to help deploy a worldwide reseller ecosystem while founder Laurent Marchand remains CEO.

H.I.G. Capital Makes Strategic Investment in TIMETOACT GROUP

March 3, 2025

IT Services

H.I.G. Capital affiliate has signed a definitive agreement to make a strategic growth investment in TIMETOACT GROUP. TIMETOACT's founders and key leadership will reinvest and retain a significant ownership stake as H.I.G. partners with management to accelerate the company's geographic expansion and service offering growth across cloud, AI, data and software engineering.