Claranova Completes Buyout of Avanquest Minority Interests

Clarivate Acquires ProQuest

December 1, 2021

Data & Analytics

Clarivate plc announced a definitive agreement on May 17, 2021 and completed the acquisition of ProQuest on Dec. 1, 2021. Clarivate paid $5.3 billion including refinancing of ProQuest debt (approximately $4.0 billion cash and $1.3 billion equity) to acquire the global software, content, data and analytics provider from Cambridge Information Group and other investors including Atairos to expand its research intelligence capabilities.

Clearlake Capital Completes Acquisition of Quest Software from Francisco Partners

February 2, 2022

Cybersecurity

Clearlake Capital Group completed its acquisition of Quest Software from Francisco Partners, making Clearlake the majority shareholder and partnering with Quest’s existing management team to pursue a buy-and-build strategy. The investment aims to accelerate Quest’s cloud/SaaS adoption, expand its identity-centric cybersecurity, data intelligence, and IT operations management offerings, and drive growth organically and through M&A.

Qvantel Acquires Optiva Inc.

December 31, 2025

Software

Qvantel Oy completed its acquisition of Optiva Inc. via a statutory plan of arrangement, acquiring all issued and outstanding common shares of Optiva. The transaction paid Optiva shareholders C$0.25 per common share, cancelled Optiva's US$108.6 million PIK notes with consideration to noteholders (including purchaser shares, purchaser-issued senior secured notes and warrants), and will result in Optiva being dissolved and delisted from the Toronto Stock Exchange. The combined company expands Qvantel's telecom monetization and digital operations portfolio and supports more than 70 operators with a global workforce exceeding 1,000 professionals.

Vista Equity Partners Acquires Avalara

October 19, 2022

Cloud & SaaS

Vista Equity Partners completed a $93.50-per-share cash acquisition of Avalara, Inc., a cloud-based tax compliance software provider, in an all-cash buyout. The transaction takes Avalara private and will enable the company to accelerate product innovation and global expansion with Vista's software-focused operating expertise.

NEC Corporation Acquires Avaloq from Warburg Pincus

October 4, 2020

Cloud & SaaS

NEC Corporation agreed to acquire 100% of Swiss banking-software provider Avaloq from existing shareholders, including Warburg Pincus, in a transaction valuing Avaloq at CHF 2.05 billion. Avaloq will remain headquartered in Zurich and operate as its own entity while leveraging NEC's research and technology to accelerate innovation in digital banking, SaaS and BPaaS offerings.

Vencora Acquires Quarzo Tecnología

January 26, 2023

Software

Vencora has acquired Quarzo Tecnología, a Costa Rica–based provider of ERP and banking software for employee associations, savings funds, mutual funds and cooperatives. Quarzo will join Vencora’s banking portfolio as its fifteenth brand, supporting Vencora’s expansion of financial-services software capabilities in Central America.