FORM.com Acquires GoSpotCheck in Carveout

Gemspring Capital Acquires Trax's Image Recognition Business and Combines It with FORM (GoSpotCheck)

February 12, 2026

AI & Machine Learning

Trax Ltd. has divested its non-China Image Recognition (IR) business to an affiliate of Gemspring Capital. The acquired unit will be merged with FORM (creators of GoSpotCheck and FORM OpX) to form a combined company focused on retail execution and shelf intelligence, while Trax Ltd. retains Shopkick, Survey and LenzTech and pursues a more focused portfolio strategy.

Gemspring Capital Affiliate Acquires and Combines FORM with Trax Retail Image Recognition to Create Global Retail Execution Platform

February 4, 2026

Cloud & SaaS

Gemspring Capital Management announced that an affiliate acquired and combined FORM with the image recognition business of Trax (Trax IR), creating a global retail execution and data intelligence software platform for the consumer packaged goods (CPG) ecosystem. The combined platform integrates FORM’s frontline task/workflow execution and shelf intelligence with Trax’s AI-powered computer vision for SKU-level, shelf-level insights, aiming to drive improved compliance, reduced out-of-stocks, and faster decision-making at scale.

Formstack Acquires Formsite

December 11, 2023

Cloud & SaaS

Formstack, a PSG- and Silversmith-backed workflow automation SaaS provider, has acquired Formsite, a Chicago-area online forms and surveys provider. The acquisition expands Formstack’s data-capture and forms capabilities, giving Formsite customers access to Formstack’s broader workflow automation, document generation, and eSignature tools.

Visiqua Acquires FlipForms

July 19, 2021

Cloud & SaaS

Visiqua, a Boulder-based performance marketing company, has acquired FlipForms, a lead form builder and automation management platform launched in 2019. The acquisition integrates FlipForms' multi-step form, A/B testing and enterprise lead-management capabilities into Visiqua's offering to provide end-to-end campaign creation and access to Visiqua's private lead-generation marketplace.

NetApp Acquires Spot

June 3, 2020

Cloud & SaaS

NetApp has entered into a definitive agreement to acquire Spot (formerly Spotinst), a provider of cloud compute management and cost-optimization software, to establish leadership in Application Driven Infrastructure. The acquisition pairs NetApp’s shared storage platform with Spot’s continuous optimization platform to help customers reduce cloud compute and storage costs and accelerate public cloud adoption; the deal is expected to close in the first half of NetApp’s fiscal year subject to customary approvals.

Diversis Capital Acquires WorldAPP (Form.com & Key Survey)

December 23, 2019

Cloud & SaaS

Diversis Capital Partners I LP, a Los Angeles-based private equity firm, has acquired WorldAPP, the Braintree, Massachusetts provider of the Form.com mobile workflow platform and Key Survey enterprise survey software. Diversis will supply growth capital and operational support to extend WorldAPP's platform capabilities and accelerate market penetration across industries such as oil & gas, financial services, retail, and restaurants.