Basware Acquires Glantus

Cuadrilla Capital Acquires Gluware

January 8, 2025

Cloud & SaaS

Cuadrilla Capital, a Santa Barbara-based enterprise software private equity firm, has acquired Gluware, an intelligent network automation company headquartered in Sacramento, California. The growth investment will accelerate Gluware’s product roadmap, support global expansion into the Global 2000 market, and enable acquisition-led growth and customer success investments; terms were not disclosed.

Accel-KKR, Long Path Partners and Briarwood Complete Tender Offer to Take Basware Private

August 10, 2022

Cloud & SaaS

A consortium led by Accel-KKR with investors Long Path Partners and Briarwood Capital Partners completed a voluntary public tender offer to acquire Basware, resulting in approximately 96.2% of shares and votes tendered. The transaction begins the process of taking Basware private to accelerate product innovation and growth in e-invoicing, accounts payable and procure-to-pay automation under long-term ownership.

Basware Acquires AP Matching

May 8, 2024

Cloud & SaaS

Basware, a global accounts-payable automation leader backed by Accel-KKR, has acquired UK-based AP Matching (formerly Statement Matching). The deal adds AP Matching’s cloud-based statement reconciliation platform and managed SAP-focused services to Basware’s invoice-processing suite to improve accuracy, integrate managed services, and expand capabilities for enterprise finance teams.

Bregal Unternehmerkapital Acquires Majority Stake in GUS Group

July 14, 2020

Software

Funds advised by Bregal Unternehmerkapital have acquired a majority stake in Cologne-headquartered enterprise software provider GUS Group. Management and investor Elvaston will retain a minority share as Bregal supports GUS’ continued organic growth and buy‑and‑build strategy for its ERP, LIMS and CRM offerings to process-industry mid-market customers.

Basware Acquires Redmap

December 17, 2025

Software

Basware, a global leader in invoice lifecycle management, has acquired Redmap, an Australian accounts payable (AP) automation software provider. The acquisition expands Basware's AP capabilities in the APAC region and gives Redmap access to Basware's AI-driven platform and global resources to scale its solutions for middle-market and enterprise customers.

Bain Capital Leads $43M Growth Investment in Gluware

October 27, 2021

Cloud & SaaS

Gluware raised $43 million in growth funding in a round led by Bain Capital with participation from Acadia Woods Partners and existing investors. The capital will be used to scale sales and marketing and to accelerate product development of Gluware's intelligent network automation platform, including network RPA, cybersecurity applications, and AIOps capabilities.