Tracked deals
244
244 tracked deals across 2006-2026.
Tracked deals
244
244 tracked deals across 2006-2026.
Buyer mix
Strategic-led
200 strategic · 94 pe
Top trend
Volume peaked in 2022
51 tracked deals announced in 2022.
Primary Insight
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Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| UPSTACK | 9 | Vendor-neutral technology brokerage and platform that pro... | Strategic (PE-backed) |
| Accenture | 4 | Global professional services and consulting company provi... | Strategic |
| GoodSuite | 3 | Provider of critical business systems and managed service... | Strategic |
| OSF Digital | 3 | Global digital commerce and digital transformation servic... | Strategic (PE-backed) |
| Argano | 2 | Global specialist consultancy delivering high-performance... | Strategic (PE-backed) |
| Charlesbank Capital Partners | 2 | Middle-market private investment firm focused on growth c... | PE |
| Dataprise | 2 | Provider of managed IT infrastructure, cybersecurity, clo... | Strategic (PE-backed) |
| Evergreen Services Group | 2 | Holding company focused on acquiring and holding technolo... | PE |
| Fort Point Capital | 2 | Private equity firm investing in lower-middle-market busi... | PE |
| Frontenac | 2 | Lower middle-market buyout PE firm that builds and scales... | PE |
Last 10 years
Supporting Data
QuickBox Fulfillment and Motivational Fulfillment & Logistics Services announced a strategic merger to form a stronger multichannel 3PL for high-growth and multichannel brands. The combined company will expand geographic coverage and broaden fulfillment capabilities including DTC/B2B fulfillment, kitting and assembly, subscription box programs, returns management, and related value-added services.
Identiv entered into a definitive agreement to sell its IoT business operating assets, including its German R&D center, and its Thai subsidiary to Trackonomy Systems. Under the deal, Identiv will contribute $25 million in cash and receive $50 million of Trackonomy preferred equity; the transaction is expected to close in Q3 or early Q4 fiscal 2026.
CAI Software acquired PlanetTogether, a provider of advanced planning and scheduling (APS) software for process and discrete manufacturers. The deal strengthens CAI’s manufacturing software portfolio by adding production scheduling, capacity planning, and constraint-based optimization capabilities. PlanetTogether will be rebranded as “CAI PlanetTogether” and continue to be sold and supported as a standalone product.
Cabana, a tech-enabled residential pool service company, acquired Aqua Pool Company to expand its presence in Northern California. Aqua Pool Company, based in Concord and serving 1,300+ customers in the East Bay, will support Cabana’s effort to build a national pool care brand through acquisitions of owner-led pool businesses.
Ezurio announced the acquisition of Gateworks Corporation, a California-based designer and manufacturer of rugged industrial single board computers (SBCs). The deal is intended to expand Ezurio’s embedded compute and engineering capabilities for mission-critical markets including defense, aerospace, railway, smart energy, and industrial automation.
AXON Networks acquired Greenwave Systems to bolster its OSS/BSS capabilities and enhance wireless network and orchestration experience. The deal integrates Greenwave’s software-defined mobile connectivity and Network-as-a-Service (NaaS) orchestration (formerly WAVELY) into AXON Maestro, accelerating development of new OSS service management modules and expanding end-to-end orchestration for emerging wireless technologies such as Fixed Wireless Access and Low Earth Orbit satellites.
Nagase America LLC acquired Alexander Technical Institute, LLC (ATI), a coatings testing and training laboratory based in Costa Mesa, California. ATI has been rebranded as Nagase Coatings Lab – Americas (NCL-A), expanding Nagase America’s in-house capabilities for quality testing, formulation support, benchmarking, and technical training for the coatings industry.
TDK Corporation entered into a definitive agreement to acquire Fabric8Labs, a San Diego-based pioneer of Electrochemical Additive Manufacturing (ECAM), for up to $400 million in cash (upfront payment plus multi-year earnout). The deal is intended to accelerate TDK’s data center initiatives by scaling Fabric8Labs’ ECAM technology for thermal management and next-generation electronics applications.
Manos Software Group, a wholly owned subsidiary of Valsoft Corporation, acquired Clubspeed, a provider of venue management software for karting tracks and other attractions operators. The acquisition was completed with Clubspeed continuing to operate independently while investing in AI-enabled product capabilities.
Cyient has entered into a definitive agreement to acquire TAO Digital Solutions, an AI-native data and product engineering solutions firm headquartered in Santa Clara, California. The transaction is subject to customary regulatory approvals and closing conditions and is expected to close by Q2 fiscal year 2027.
Other World Computing (OWC), a provider of high-performance storage, memory, connectivity and related software and accessories, announced it will acquire PowerON Services. The deal is intended to expand OWC’s technology lifecycle management capabilities, including IT asset disposition (ITAD), trade-in programs, reverse logistics, refurbishment, and technology value recovery.
Reichmann Segal Capital Partners launched Metatron Private Equity and completed its first acquisition under the new platform, buying Green Circuits Inc., a Silicon Valley electronics manufacturing services (EMS) provider, from Evolve Capital. The deal terms were not disclosed, and financing was provided by a lender syndicate led by National Bank of Canada.
Autodesk entered into a definitive all-cash agreement to acquire MaintainX, a modern maintenance and operations platform, for approximately $3.6 billion. The acquisition is intended to strengthen Autodesk Operations Solutions by connecting “design, make, and operate” workflows and adding rich maintenance/asset operational data to support AI-driven lifecycle insights. The transaction is expected to close later in Autodesk’s fiscal year, subject to regulatory reviews and customary closing conditions.
Fortress Investment Group announced it has acquired IPValue Management Group, a leading intellectual property licensing and commercialization company. IPValue will continue to operate independently under its current senior leadership team, with enhanced access to capital to expand its IP commercialization programs.
Argano announced the acquisition of Gaea Global Technologies, an Oracle Partner specializing in enterprise project portfolio management, Oracle Primavera expertise, and supply chain execution. The deal is intended to strengthen Argano’s Oracle practice and expand its capabilities for construction, infrastructure, and industrial engineering clients.
Analog Devices (ADI) has entered into a definitive agreement to acquire Empower Semiconductor in an all-cash transaction valued at $1.5 billion. The deal is expected to close in the second half of 2026, subject to customary regulatory approvals and closing conditions. The acquisition expands ADI’s high-density, energy-efficient power portfolio (including IVR and silicon capacitor technologies) aimed at AI and other compute-intensive applications.
NTT DATA has signed a definitive agreement to acquire WinWire, a Microsoft partner specializing in agentic AI, AI on Azure, data engineering, and cloud-native development. The deal is intended to expand NTT DATA’s enterprise AI capabilities and strengthen its Microsoft Azure and AI delivery capacity, adding more than 1,000 Azure engineers and AI specialists upon closing.
Lumen Technologies has entered into an agreement to acquire Alkira, pairing Alkira’s cloud-native, carrier-agnostic Network-as-a-Service control plane with Lumen’s fiber infrastructure. The all-cash deal is valued at $475 million and is expected to close in the third quarter of 2026, subject to regulatory approvals and customary closing conditions.
Cognizant entered into a definitive agreement to acquire Astreya, a global AI-first IT managed services and solutions provider headquartered in San Jose, California, for an undisclosed sum. The deal is expected to close in the second quarter of 2026, subject to regulatory approvals and other closing conditions, and will deepen Cognizant’s AI infrastructure and production-grade AI operations capabilities through Astreya’s AI OpsHub platform.
SourceCo, an AI-driven buy-side sourcing platform for deal origination, acquired CAPTARGET, a longstanding middle-market deal-origination services firm. The combined platform unifies data, calling operations, and reporting workflows and is positioned to lead further consolidation in the deal-origination services category.
Caterpillar has acquired Monarch Tractor, a California-based startup building self-driving electric tractors for specialty agriculture. The deal follows Monarch’s layoffs and a pivot from manufacturing to licensing its autonomous technology, while Caterpillar seeks deeper capabilities in electric and autonomous farming to complement its broader equipment and AI initiatives.
First Legal announced that it has acquired eFileMadeEasy, a court eFiling platform used across many U.S. states. The deal expands First Legal’s proprietary eFiling technology and supports its File Thru Trial suite, aiming to deliver a more efficient, user-friendly experience for law firms, corporations, and government entities. Financial terms were not disclosed.
Marlin Equity Partners, through its portfolio company Learning Pool, completed the acquisition of WorkStep Inc. The deal expands Learning Pool’s frontline workforce engagement capabilities by combining WorkStep’s AI-driven analytics with its training platforms to deliver more integrated, data-driven tools for workforce performance and retention.
Royer Labs announced it has acquired Undertone Audio, a manufacturer of high-end recording equipment best known for its UnFairchild compressor. Undertone will operate from Royer Labs’ headquarters in Burbank, California, as Royer plans to grow Undertone’s international reach and continue product innovation.
Frontenac announced the recapitalization of Honk Technologies, a technology-enabled roadside assistance platform. At closing, Honk also completed a strategic add-on acquisition focused on non-tow services delivered through a national light-duty service technician network, supported by senior credit facility financing from Monroe Capital.
Superior Duct Fabrication, a California-based HVAC and sheet metal provider and a Pike Street Capital portfolio company, announced it is acquiring Air Handlers Supply, Inc. (AHS), a full-service manufacturer, fabricator, and distributor of sheet metal products and HVAC accessories serving the greater Los Angeles region. The deal is intended to deepen Superior’s penetration in Southern California by adding capacity and complementary manufacturing and distribution capabilities.
Coforge announced that it has secured all statutory and regulatory approvals required for its acquisition of Encora, clearing the path to close and enabling integration planning. A subsequent release confirmed the acquisition’s successful closure, with Encora financials to be consolidated into Coforge effective May 1, 2026.
Accordion, an AI- and data-powered financial consulting firm focused on private equity, announced it has acquired A5, a global Salesforce consulting firm. The deal expands Accordion’s Salesforce (multi-cloud) capabilities, strengthens its AI enablement talent (including Agentforce-certified consultants), and broadens its delivery footprint across North America, EMEA, and India.
Bridgepointe Technologies, a technology advisory and enablement services platform, announced a strategic growth investment led by Charlesbank Capital Partners with Carlyle AlpInvest investing alongside. The transaction values Bridgepointe at over $1 billion and provides capital to accelerate growth, pursue strategic acquisitions, and invest in technology, data capabilities, and its go-to-market organization.
Technology-enabled energy advisory firm 5 acquired California-based energy consulting firm Engenuus Energy, LLC. The deal expands 5’s California presence and combines 5’s Level5 software platform with Engenuus’s client relationships and energy expertise.
Frontenac, a Chicago-based private equity firm, acquired Honk Technologies, a technology-enabled roadside assistance and vehicle logistics platform. The transaction also included Honk’s strategic add-on acquisition of CurbsideSOS to expand digital infrastructure for roadside assistance and accident management.
Pacific Office Automation (POA) has acquired Western Business Products, a Redding, California-based office technology dealer. The transaction closed on April 1, 2026, and Western Business Products will operate as “Western Business Products Powered by POA” during a phased transition.
PBS Systems, a dealership management systems (DMS) provider, announced it has acquired Dealer Image Pro, a Sacramento, California-based automotive inventory merchandising software company. Dealer Image Pro will continue operating under CEO Peter Duffy, with its headquarters remaining in Sacramento, as both companies aim to deliver integrated solutions that help dealerships bring inventory to market faster and improve presentation consistency.
Lattice announced the acquisition of Mandala’s AI-native coaching technology to advance Lattice’s “People + AI” strategy. The deal also brings Mandala founder Tarun Galagali into Lattice to lead development of new AI-native capabilities for its people platform.
AEA Elevate, AEA Investors’ growth buyout strategy, announced an investment in Trinamix, a founder-led Oracle Cloud transformation services provider. The partnership is intended to strengthen Trinamix’s position with AI-native delivery, proprietary accelerators, and end-to-end managed capabilities across Oracle Cloud applications.
Cal.net, a broadband provider focused on rural and underserved communities, announced it is acquiring AFES Network Services, a Northern California internet provider. The deal will expand Cal.net’s footprint across Solano, Yolo, and Colusa counties and plans to immediately integrate and upgrade AFES’s network for improved speeds and reliability.
Zenobē acquired California-based commercial fleet electrification provider Revolv from GDEV Management. The deal adds 13 operational customer sites and 100-plus electric trucks in California, giving Zenobē entry into the North American commercial fleet and truck segment.
FFL Partners launched Pioneer HOA, a new holding platform intended to consolidate and scale homeowners association (HOA) property management companies across the United States. The platform will support acquired regional HOA management firms with technology-driven tools, operational support, and AI-enabled capabilities, while allowing them to maintain local brands.
Alchemy Technology Group, a portfolio company of Avance Investment Management, has acquired Enterprise Computing Solutions, Inc. (ECS). The deal expands Alchemy’s West Coast presence and strengthens its edge computing, cloud, and network security capabilities for mid- and large-enterprise clients in Southern California.
Semtech Corporation acquired HieFo Corporation, a California-based manufacturer of high-efficiency indium phosphide (InP) optoelectronic devices used in optical transceivers for data center connectivity. The acquisition strengthens Semtech’s semiconductor chipset portfolio and enables tighter integration of HieFo’s lasers and gain chips with Semtech’s transimpedance amplifiers and laser driver solutions to support next-generation 1.6T and 3.2T data center architectures.
Highstreet IT Solutions, a CIVC Partners portfolio company, announced the acquisition of Graviton Consulting Services, a public-sector-focused Oracle Cloud and ERP transformation and advisory services provider. The deal is intended to strengthen Highstreet’s public-sector capabilities and expand its strategic innovation platform, while preserving Graviton’s delivery leadership and client continuity.
InMotion Global, owner of AscendTMS, acquired LoadPilotTMS for an undisclosed purchase price. LoadPilot TMS will halt operations on March 25, with its users migrating to the AscendTMS platform before that date.
Funds managed by Blackstone’s perpetual private equity strategy (BXPE) entered into a definitive agreement to acquire Champions Group, a residential essential home services platform. Champions Group will be acquired from Odyssey Investment Partners, with Odyssey and management retaining a significant minority stake; the deal is expected to close in the first half of 2026 (subject to customary conditions).
Armanino has acquired Step Up Consulting, a UKG Ready implementation and support partner headquartered in California. The acquisition expands Armanino’s enterprise technology and HCM service capabilities to better serve small- and mid-sized organizations seeking scalable human capital management solutions.
Astreya has entered into a definitive agreement to acquire Reliant Information Services, LLC from the Reliant Group. The acquisition is Astreya’s first company acquisition and is intended to expand IT-managed services capabilities in regulated, business-critical environments, including a focus on the aviation industry.
Great American Holdings, LLC (“GA Group”) announced its acquisition of Risk Solutions International (“RSI”), which provides consulting, advisory, and technology solutions for risk and resilience management. The integration of RSI into GA Group’s advisory and valuation platform is intended to deliver an end-to-end offering covering both financial health and operational resilience.
Marvell Technology has completed its previously announced acquisition of Celestial AI in a deal valued at approximately $3.25 billion. The acquisition adds Celestial AI’s Photonic Fabric optical interconnect technology to expand Marvell’s optical connectivity capabilities for next-generation AI and cloud data center architectures.
Procede Software, a provider of enterprise dealer management systems (DMS) for commercial vehicles, received a strategic majority investment from Rubicon Technology Partners. The funding is intended to accelerate product innovation (including AI capabilities) and expand integrations across the commercial vehicle ecosystem.
Cyient Semiconductors signed a definitive agreement to acquire a majority stake in Kinetic Technologies for total consideration of up to USD 93 million, as part of a scaled custom power semiconductor platform strategy. The transaction later closed with Cyient investing USD 85 million, combining Cyient’s spec-to-silicon/custom ASIC/ASSP capabilities with Kinetic’s power management and protection analog/mixed-signal IC portfolio.
Spectrotel, Inc. completed its acquisition of Mosaic NetworX, a global managed services provider and Cato Networks partner. The deal was initially announced as a signed agreement on September 17, 2025, and closed on December 11, 2025, strengthening Spectrotel’s secure networking, SASE, and SD-WAN capabilities for mid-market and enterprise customers across distributed and international environments.
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Find buyers actively acquiring it services companies.
The page highlights acquisitions focused on software and cloud services, AI-native data/product engineering, managed/consulting services, and network orchestration (including Network-as-a-Service control and software-defined connectivity).
Recurring names shown include UPSTACK, TPG (including TPG Capital Asia), Brillio, Applications Software Technology (AST) LLC, Blackstone (BXPE), Odyssey Investment Partners, and Mondee Holdings, Inc.
Yes. For example, Lumen Technologies is pairing Alkira’s cloud-native, carrier-agnostic NaaS control plane with its fiber infrastructure, and AXON Networks is adding orchestration expertise via Greenwave Systems for its AXON Maestro platform.
Yes. Other World Computing (OWC) announced it will acquire PowerON Services to expand technology lifecycle management, including ITAD, trade-in programs, reverse logistics, refurbishment, and technology value recovery.