PSG and 2ndWave Software Acquire JAMS from Fortra; Acquire Skybot

WorkWave Acquires TEAM Software

September 14, 2021

Cloud & SaaS

WorkWave, a PE-backed provider of field service SaaS solutions, has signed an agreement to acquire TEAM Software, a leading provider of software for cleaning, janitorial, security, and facilities management service providers. The deal (expected to close end of September 2021) is an add-on to WorkWave’s portfolio that expands its vertical coverage and international footprint; TEAM was previously backed by Accel-KKR.

Francisco Partners to Acquire Jama Software for $1.2 Billion

March 18, 2024

Software

Jama Software, a requirements management and traceability software provider, has entered into a definitive agreement to be acquired by Francisco Partners for $1.2 billion. The deal is subject to customary closing conditions, and Jama CEO Marc Osofsky will reinvest and continue to lead the company.

WorkWave Acquires Slingshot

May 10, 2021

Cloud & SaaS

WorkWave, the provider of cloud-based field service and last-mile software, has acquired Slingshot, a provider of customer call center software and outsourced sales/lead response services. The acquisition adds omni-channel contact center capabilities and outsourced sales to WorkWave's platform to help field service customers increase lead conversion and customer engagement.

Francisco Partners Acquires Jamf (Take-Private)

January 30, 2026

Software

Francisco Partners (FP) completed the take-private acquisition of Jamf in an all-cash deal valued at approximately $2.2 billion, paying $13.05 per share. Jamf shareholders approved the transaction on January 8, 2026, and Jamf’s shares were delisted from NASDAQ upon close so the company can operate as a privately held business.

IBM to Acquire StreamSets and webMethods from Software AG for €2.13 Billion

December 18, 2023

IT Services

IBM entered into a definitive agreement to acquire StreamSets and webMethods—Software AG’s Super iPaaS enterprise integration and API/data platforms—for €2.13 billion in cash. The deal is expected to close in the second quarter of 2024, subject to customary regulatory approvals and closing conditions.

Axway Acquires Sopra Banking Software

September 10, 2024

Software

Axway has acquired Sopra Banking Software (SBS) in a transformational combination enabled by an investment from One Equity Partners into Sopra GMT, the largest shareholder in both Axway and Sopra Steria. The deal creates a larger banking and infrastructure software company with a highly recurring revenue mix, targeted synergies and expanded open-banking and API capabilities.