Vervint (formerly OST) Acquires Stratum Technology

Veritas Capital Vantage Fund Acquires Steampunk, Plans Merger With MetroStar

August 4, 2026

IT Services

Affiliates of The Veritas Capital Vantage Fund, L.P. have entered into a definitive agreement to acquire Steampunk, Inc., a federal contracting technology and digital services provider. After closing, Veritas plans to merge Steampunk with its existing portfolio company MetroStar Systems, LLC to form a larger mission-focused AI-enabled government contracting platform expected to close in Q3 2026 (subject to customary conditions).

Veeva Systems Acquires Ostro

March 10, 2026

AI & Machine Learning

Veeva Systems announced it has acquired Ostro, an AI-driven brand engagement platform for life sciences that provides patients and doctors immediate, compliant answers via chat. The approximately $100 million cash purchase includes long-term equity retention grants, and Ostro will continue operating as an independent unit led by CEO Chase Feiger.

GoodSuite Acquires Strata IT

September 14, 2022

IT Services

GoodSuite has acquired Strata IT, a Los Angeles–based provider of enterprise-level managed IT services. The deal expands GoodSuite’s managed IT capabilities (help desk, onsite, cybersecurity, disaster recovery, cloud migration, VoIP) and broadens its customer base and regional reach in Southern California.

Open Systems Technologies Acquires Stratum Technology

January 28, 2022

IT Services

Open Systems Technologies (OST), a commercial IT subsidiary of Koniag, acquired Texas-based cloud service provider Stratum Technology. The acquisition expands OST's cloud and managed services capabilities—notably AWS and Microsoft Azure expertise—and strengthens its healthcare cloud practice for Epic implementations.

Vestar Capital Partners Acquires Stratus from Arcapita

July 7, 2021

Industrial Services

Vestar Capital Partners has acquired Stratus, a Mentor, Ohio–based brand implementation and facilities services provider, from Arcapita Group Holdings. Stratus' founder and CEO Tim Eippert and the senior leadership team will remain and reinvest in the company while Arcapita will retain a minority stake; financial terms were not disclosed.

Roper Industries Acquires Strata Decision Technology

January 23, 2015

Healthcare Services

Roper Industries, Inc. acquired Strata Decision Technology, a Chicago-based provider of cloud-based financial analytics and performance software for healthcare providers. Strata will operate in Roper's Medical segment with its management team remaining in place; the seller was VSS Structured Capital Fund II, L.P., managed by Veronis Suhler Stevenson.