Fluence Technologies Acquires XLCubed

Anaplan Acquires Fluence Technologies

April 26, 2024

Cloud & SaaS

Anaplan has entered into a definitive agreement to acquire Fluence Technologies, a Toronto-based provider of cloud-native financial close, consolidation, disclosure management and Excel reporting software. The acquisition (expected to close in early May) will integrate Fluence’s consolidation and disclosure capabilities into Anaplan’s connected planning platform to strengthen CFO-focused functionality and reduce system and process complexity. Integration will be led by Anaplan’s product leaders alongside Fluence product leadership.

Fluence Technologies Acquires Sturnis365

July 5, 2022

Software

Fluence Technologies acquired Sturnis365 to add collaborative disclosure management and narrative reporting to its financial consolidation, close and reporting suite. The deal broadens Fluence’s product capabilities and strengthens its presence in Europe by integrating Sturnis365’s customers and team into Fluence’s platform.

Crosslake Technologies Acquires Lucen Partners

May 28, 2025

Consulting

Crosslake Technologies, a data-driven technology advisory firm backed by Falfurrias Management Partners, has acquired Lucen Partners, a boutique product and software advisory firm. Lucen co-founders Manoj Narayanan and Cynthia Williamson join Crosslake as managing directors to expand Crosslake's product and software value-creation capabilities; terms were not disclosed.

The Firefly Group Acquires Majority Stake in Sales Xceleration

October 12, 2021

Consulting

The Firefly Group made a majority investment in Sales Xceleration, a provider of fractional sales leadership and outsourced VP of Sales services serving small- and mid-size businesses. Concentric Investment Partners and New Canaan Funding provided financing for the transaction; founders Mark Thacker and Chad Meyer remain significant owners and will stay active in the company.

Fusion Capital Partners Acquires Excel Engineering, Inc.

January 6, 2026

Industrial Services

Los Angeles-based private equity firm Fusion Capital Partners has acquired Excel Engineering, a Diagonal, Iowa-based testing and certification firm that provides engine, powertrain, battery and emissions testing services to OEM and industrial customers. The transaction (terms undisclosed) is positioned as a growth-oriented, capability-expanding platform investment to scale Excel's testing capacity, capabilities and talent; Monroe Capital acted as a joint lead arranger on the senior credit facility supporting the deal.

MDX Technology Acquires Iceflow Technologies Limited

June 15, 2022

Cloud & SaaS

MDX Technology (MDXT), a London-based real-time data and workflow provider for financial institutions, has acquired Iceflow Technologies Limited, a low-code/no-code SaaS workflow solution developed by Graham Denyer. The acquisition brings Iceflow's rapid workflow and automation capabilities into MDXT's platform to accelerate post-trade, compliance and KYC processes and broaden MDXT's product capabilities for financial services clients.