Icario Acquires ChipRewards

Vitality Acquires Icario to Build Digital-First Member Engagement Platform for Health Outcomes

September 3, 2026

Healthcare Services

Vitality announced the acquisition of Icario, a digital-first health action company that helps health payers motivate hard-to-reach members to take meaningful steps toward better health outcomes. The combined organization aims to connect member activation and ongoing engagement with population health results, expanding Vitality’s reach in the U.S. market to serve 19 million members across 30% of U.S. health plans.

Accel‑KKR Combines AARO, Aico and Mercur to Create Unified Financial Corporate Performance SaaS Platform

July 23, 2025

Cloud & SaaS

Accel‑KKR has completed the acquisition of AARO and is bringing it together with its existing portfolio companies Aico and Mercur to form a unified SaaS platform for the Office of the CFO across EMEA. Michael Teixeira was named Group CEO to lead the combined company, which will offer end-to-end corporate performance management, financial close automation and FP&A capabilities.

Interopay Acquires Rewardworks

June 7, 2023

Payments & Fintech

Interopay Inc., a Portland-based B2B payment automation company, has acquired Rewardworks, a long-time accounts-payable/payment automation software provider. The deal — executed by Interopay (formed by Rewardworks management and investors) — will integrate Rewardworks' operations into Interopay to accelerate product development, expand customer reach, and enhance ERP-integrated payment solutions for mid-market customers.

Alvaria Acquires Cicero's Intelligent Analytics Platform

July 19, 2022

Data & Analytics

Alvaria has completed the acquisition of the Intelligent Analytics Platform from Cicero Inc., and the Cicero team will join Alvaria to advance contact-center-focused analytics and attended/unattended RPA capabilities. The deal expands Alvaria's automation and analytics suite to deliver desktop analytics, agent productivity insights, and workflow-triggered RPA to improve customer and employee experiences.

CVC Capital Partners Acquires Majority Stake in Icario

May 4, 2021

Healthcare Services

CVC Capital Partners (via its CVC Growth Partners II fund) acquired a majority interest in Icario to support the company's next phase of growth and accelerate its product and go-to-market roadmap. Financial terms were not disclosed; Icario will leverage CVC's resources to scale its health action platform and expand member engagement solutions for large U.S. health plans.

Appirio Acquires Topcoder

September 17, 2013

IT Services

Appirio, a global cloud services provider, acquired Topcoder, the large crowdsourced development and design community, to combine Topcoder's platform with Appirio's CloudSpokes community and accelerate crowdsourced delivery for enterprise customers. The deal brings Topcoder's ~500,000-member community together with CloudSpokes to expand Appirio's capacity in development, design and analytics.