UFS Acquires Quest Analytics

UFS Acquires Safe Systems

August 12, 2024

IT Services

UFS, the bank technology outfitter based in Grafton, Wisconsin, has acquired Safe Systems, a compliance-focused IT and security services provider serving community banks and credit unions. The acquisition expands UFS's managed IT, cybersecurity and compliance capabilities and combines the organizations to serve nearly 400 financial institutions nationwide; financial terms were not disclosed.

SSB Acquires Affinaquest

June 7, 2021

Software

SSB, a Denver-based data management and analytics company, has acquired Affinaquest, a Salesforce-based higher education advancement software provider. The deal brings Affinaquest's cloud CRM and fundraising capabilities together with SSB's donor data management and matching-gift solutions to create an integrated advancement platform; SSB is PE-backed by Strattam Capital.

IBM Acquires TruQua Enterprises

November 16, 2020

IT Services

IBM has reached a definitive agreement to acquire TruQua Enterprises, an SAP consulting partner that specializes in finance and analytics solutions. The acquisition bolsters IBM Services' SAP S/4HANA finance capabilities and supports IBM's hybrid cloud growth agenda; financial terms were not disclosed.

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.

Quisitive Sells BankCard USA to BUSA Acquisition Co.

March 27, 2024

Payments & Fintech

Quisitive Technology Solutions has entered into an agreement to sell its BankCard USA Merchant Services business to BUSA Acquisition Co., a Nevada entity backed by a consortium of BankCard employees and third‑party investors, for US$40.0 million plus other consideration and settlement of prior earnout obligations. The transaction is a divestiture intended to simplify Quisitive into a pure‑play Microsoft Cloud and AI provider, reduce debt and improve its pro forma adjusted EBITDA; the acquiror secured senior secured financing from WhiteHorse Capital to fund the deal.

SAP Acquires Askdata

July 21, 2022

Data & Analytics

SAP SE has acquired Askdata, a search-driven analytics startup that applies AI and natural-language processing to let users query live data via plain-language search. Askdata's IP will be integrated into SAP Business Technology Platform and SAP Analytics Cloud to provide a lightweight, conversational analytics experience; financial terms were not disclosed.