Gemspring Capital Acquires Trax's Image Recognition Business and Combines It with FORM (GoSpotCheck)

Gemspring Capital Acquires FORM and Trax Retail and Merges Them into a Global Retail Execution Leader

February 4, 2026

Cloud & SaaS

Gemspring Capital has acquired both FORM and Trax Retail and is merging the two companies to create a combined global provider of retail execution, image recognition, and shelf-level insights. The merged company will integrate Trax's AI-powered image recognition with FORM's GoSpotCheck and FORM OpX products to expand capabilities, accelerate innovation, and broaden geographic reach for CPG and retail customers.

Gemspring Capital Acquires Outform and Merges It with Rapid Displays

April 22, 2021

Marketing & Advertising

Gemspring Capital completed the acquisition of Outform, Inc., a Miami-based retail innovation agency, and merged it into its existing portfolio company Rapid Displays to create a global retail marketing and merchandising platform. Outform's founder and CEO Ariel Haroush remains in an executive role with a meaningful ownership stake; the combined company will provide end-to-end design, production and global execution services for major brands and retailers.

Gemspring Capital Acquires Appriss Retail

March 16, 2025

Software

Gemspring Capital Management (through an affiliate) has acquired Appriss Retail, a provider of AI-driven analytics and loss prevention software for retailers. Financial terms were not disclosed; Gemspring said the investment will support Appriss Retail's next phase of growth and product innovation.

Gemspring Capital Acquires Majority Interest in Amplix

December 13, 2022

IT Services

Gemspring Capital Management affiliate has acquired a majority interest in Amplix, a Norwood, Massachusetts-based provider of technology advisory services and software formed from the merger of ROI Communications, Blue Front Technology Group, and allConnex. Gemspring will partner with Amplix's management to scale the business, accelerate growth, and expand the company's technology advisory, managed services, cloud, and data center capabilities.

Gemspring Capital Acquires TRG

January 9, 2026

IT Services

An affiliate of Gemspring Capital Management has acquired TRG, a Cleveland-area provider of enterprise mobility lifecycle management and integrated cybersecurity solutions. TRG founder and CEO Sean Kennedy, the Kennedy family, and the existing management team retain a significant ownership stake; Gemspring said it will provide capital and operational resources to support continued growth and strategic acquisitions.

Redis Acquires Featureform

October 9, 2025

AI & Machine Learning

Redis has acquired Featureform, a feature-store framework for managing and serving structured data for ML. The acquisition integrates Featureform into Redis’ feature store and vector search capabilities to provide real-time, versioned feature pipelines and improved observability for AI agents and production ML workflows.