QAD Acquires Redzone

Thoma Bravo Completes Acquisition of QAD

November 5, 2021

Cloud & SaaS

Thoma Bravo has completed its previously announced acquisition of QAD Inc. for approximately $2.0 billion in cash, taking QAD private and delisting its common stock from Nasdaq. Thoma Bravo said it will invest in QAD's continued growth to expand the company's cloud-based manufacturing and supply chain software offerings.

QAD Acquires Phenix Software Inc.

October 7, 2024

Cloud & SaaS

QAD Inc. has closed the acquisition of Phenix Software Inc., integrating Phenix's cloud-based production scheduling solution into its product suite as QAD Advanced Scheduling. The deal expands QAD's manufacturing and supply chain capabilities—Phenix will continue to be supported in the market by Zinata as a QAD distributor and implementation partner.

Milestone Partners Acquires RedZone Robotics

June 7, 2018

Environmental Services

Milestone Partners, a private equity firm based in Radnor, Pennsylvania, led the acquisition of RedZone Robotics, Inc., a provider of robotic inspection, sensing and asset-management software for wastewater pipeline systems. The company was acquired from a group of private shareholders including ABS Capital Partners; Monroe Capital provided a senior credit facility to support the transaction.

QAD Acquires WebJaguar

December 14, 2021

Cloud & SaaS

QAD Inc. has acquired WebJaguar, an Aliso Viejo-based digital commerce solution provider that powers over 1,000 eCommerce stores. QAD will integrate WebJaguar into its Complete Customer Management portfolio to expand digital commerce capabilities for manufacturing and supply-chain customers; View Partners Capital acted as exclusive financial advisor to WebJaguar.

Nasdaq Acquires Adenza from Thoma Bravo for $10.5B

June 12, 2023

Software

Nasdaq, Inc. has acquired Adenza — the combined Calypso and AxiomSL business — from Thoma Bravo for $10.5 billion in cash and stock, expanding Nasdaq's risk, regulatory and capital markets software capabilities. The acquisition strengthens Nasdaq's Financial Technology offerings, adds a high-margin recurring revenue business (approx. $590M 2023E revenue) and is expected to deliver meaningful cost and revenue synergies.

Roqad Acquires Zeotap-Data from Zeotap

September 2, 2025

Marketing & Advertising

Roqad has acquired Zeotap-Data, the third-party audience business of Zeotap, in a deal that will integrate Zeotap-Data’s large-scale audience segments into Roqad’s identity graph and data onboarding capabilities. The transaction (undisclosed amount) will retain current staff, add headcount in the UK and Germany, and expand Roqad’s privacy-compliant targeting and activation reach across major DSPs including Amazon DSP, The Trade Desk and others.