Ionic Partners Acquires CXT Software

Ionic Partners' CXT Software Acquires e-Courier

November 5, 2025

Software

CXT Software, backed by Ionic Partners, has acquired e-Courier to create the largest last-mile TMS provider focused on couriers and shippers, nearly doubling customer footprint and combining R&D resources. Accel-KKR Credit Partners provided acquisition financing to support the transaction, which aims to accelerate AI-driven routing, dispatch optimization, and product innovation across last-mile logistics.

Cordance Acquires Channel Software

January 23, 2025

Cloud & SaaS

Cordance has made a strategic acquisition of Channel Software, adding the CSX eCommerce B2B platform to its portfolio to strengthen its industrial distribution software capabilities. Channel Software will operate as an independent business unit within Cordance, leveraging Cordance's go-to-market and operational resources to expand product innovation and market reach.

Daxtra Acquires PivotCX

April 25, 2024

Software

Daxtra, the UK-based provider of AI-enriched recruitment software, has acquired PivotCX, an Indianapolis-based talent acquisition communications hub. The acquisition (closed April 24, 2024) will fold PivotCX’s communications capabilities into the Daxtra product suite to improve candidate engagement and conversion; terms were not disclosed.

ChrysCapital Acquires Xoriant

January 5, 2023

IT Services

ChrysCapital has acquired Xoriant, a Sunnyvale-headquartered software engineering and digital IT services provider, in a buyout aimed at accelerating Xoriant’s next phase of growth. ChrysCapital said the investment will support scaling the company’s digital product engineering, cloud, security, and data capabilities and expand value creation across its global enterprise client base.

Descartes Systems Group Acquires XPS Technologies

June 9, 2022

Transportation

Descartes Systems Group acquired XPS Technologies, a Cottonwood Heights, Utah-based provider of cloud-based multi-carrier parcel shipping solutions, for approximately $65 million upfront plus up to $75 million in performance-based earn-outs. The acquisition expands Descartes' ecommerce shipping and fulfilment capabilities and brings XPS's network of more than 10,000 customers into Descartes' logistics SaaS portfolio.

IgniteTech Acquires Certain Assets of BryterCX

January 27, 2022

Software

IgniteTech has signed a definitive agreement to acquire certain assets of BryterCX, a provider of AI-driven customer journey and CX analytics. The acquisition will fold BryterCX's Journey Intelligence platform into IgniteTech's Customer Experience Management suite to expand its CX capabilities and offer the technology through IgniteTech's subscription licensing program.