Top Private Equity-Backed Cloud & SaaS Acquirers

Tracked deals

2182

2182 tracked deals across 2015-2026.

Buyer mix

PE-led

2087 pe · 953 strategic

Top trend

Volume peaked in 2021

445 tracked deals announced in 2021.

Buyer Snapshot

Top Buyers

Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.

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Buyer # Deals Focus Type
Accel-KKR 53 Technology-focused private investment firm that invests i... PE
Marlin Equity Partners 45 Global private equity investment firm focused on buyouts,... PE
PSG 38 Growth equity firm partnering with middle-market software... PE
TA Associates 38 Global private equity firm focused on scaling growth in p... PE
Thoma Bravo 36 Software-focused private equity firm investing in growth-... PE
Vista Equity Partners 34 Investment firm focused exclusively on enterprise softwar... PE
Hg 30 Private equity investor focused on European and transatla... PE
Serent Capital 25 Growth-focused private equity firm that partners with boo... PE
Insight Partners 23 Global venture capital and private equity firm investing ... PE
K1 Investment Management 23 Growth-focused private investment firm that builds and sc... PE

Acquisition Volume in Private Equity-Backed Cloud & SaaS by Year

Last 10 years

Acquisition volume by year Annual acquisition counts for the last 10 years for Top Private Equity-Backed Cloud & SaaS Acquirers. 8 2017 16 2018 158 2019 248 2020 445 2021 364 2022 255 2023 279 2024 277 2025 ~161 est. 128 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Aurora Capital Partners
    Target
    Softdocs, Inc.
    Industry
    Cloud & SaaS
    Type
    Buyout

    Aurora Capital Partners acquired Softdocs, a provider of cloud-based process automation and document management software for education and government institutions. Aurora plans to partner with Softdocs management to accelerate product development, add capabilities, and expand the company’s market reach.

  • Buyer
    Bain Capital Tech Opportunities, Bain Capital
    Target
    Kahua
    Industry
    Cloud & SaaS

    Kahua, a construction technology platform company, secured a minority growth investment from Bain Capital’s Tech Opportunities at a valuation above $1 billion. The capital will be used to accelerate AI and product innovation, expand go-to-market and customer success operations, and invest in talent development.

  • Buyer
    Diversis Capital LLC
    Target
    Tideworks Technology Inc.
    Seller
    Carrix, Inc., Carrix, Inc. (majority owned by Blackstone Infrastructure Partners)
    Industry
    Cloud & SaaS
    Type
    Buyout

    Diversis Capital acquired majority ownership of Tideworks Technology Inc. from Carrix, Inc. Tideworks provides comprehensive terminal operating system (TOS) solutions for marine and intermodal rail terminal operations worldwide.

  • Buyer
    Main Capital Partners
    Target
    Confirma Software
    Seller
    Abry Partners
    Industry
    Cloud & SaaS
    Location
    Sweden
    Type
    Buyout

    Abry Partners has entered into a definitive agreement to sell Confirma Software to Main Capital Partners. The deal will make Main a majority shareholder and is intended to support Confirma’s next phase of growth across the Nordic region and through continued buy-and-build acquisitions, with financial terms undisclosed.

  • Buyer
    Spaggiari
    Target
    E-Schooling Dream Shaper (ESDS)
    Industry
    Cloud & SaaS
    Location
    Italy
    Type
    Addon

    Spaggiari, the Italian digital education platform backed by Ambienta, acquired E-Schooling Dream Shaper (ESDS). The deal adds DreamShaper, a project-based learning point solution, to Spaggiari’s education software suite; financial terms were not disclosed.

  • September 17, 2026
    Buyer
    Guesty
    Target
    Smily
    Seller
    Smily's founders and a group of its shareholders
    Industry
    Cloud & SaaS
    Location
    Provence-Alpes-Côte d'Azur, France
    Type
    Buyout

    Guesty completed its acquisition of Smily, a French property management system and channel manager for short-term and vacation rentals. The deal expands Guesty's presence in France and brings Smily's local market expertise and technology into Guesty's platform; Smily's founders and other shareholders reinvested part of their proceeds in Guesty equity.

  • Buyer
    FinQuery
    Target
    Innervision
    Seller
    IRIS Software Group
    Industry
    Cloud & SaaS
    Location
    United Kingdom
    Type
    Buyout

    FinQuery acquired Innervision from IRIS Software Group to establish dedicated operations in the United Kingdom and expand its lease accounting and financial automation capabilities across UK and European markets. The deal combines Innervision’s regional accounting and compliance expertise for FRS 102 lease accounting with FinQuery’s Intelligent Subledger Platform, with Innervision customers expected to continue service without interruption.

  • Buyer
    LocalStack
    Target
    WonderTwin AI
    Seller
    Tela Andrews
    Industry
    Cloud & SaaS
    Location
    Germany
    Type
    Buyout

    LocalStack acquired WonderTwin AI to expand its local cloud development platform with application emulators that simulate third-party SaaS/services during local development. The combined platform is designed to let developers and AI agents test both cloud infrastructure and external application integrations in isolated, single-tenant sandboxes without relying on live APIs.

  • September 11, 2026
    Buyer
    Thoma Bravo
    Target
    Tanda
    Industry
    Cloud & SaaS
    Location
    Queensland, Australia

    Thoma Bravo made a strategic growth investment in Tanda, a workforce management, payroll, and HR software platform for shift-based employers. The funding is intended to support continued product development (including Tanda’s AI roadmap) and expansion into additional geographic markets.

  • Buyer
    Main Capital Partners
    Target
    Orgvue
    Industry
    Cloud & SaaS
    Location
    United Kingdom
    Type
    Buyout

    Main Capital Partners acquired a majority stake in Orgvue, marking Main’s first UK platform investment. The parties plan to support Orgvue’s next phase of growth by accelerating product innovation, expanding internationally, deepening enterprise penetration, and pursuing selective strategic add-on acquisitions.

  • Buyer
    Walter Global Asset Management
    Target
    Equisoft
    Industry
    Cloud & SaaS
    Location
    Canada

    Walter Global Asset Management (Walter GAM) announced an investment in Equisoft, a Montreal-based provider of advanced digital solutions for insurance and investment management. The firm said the investment supports Equisoft’s next phase of international growth, leveraging its global footprint and AI-powered ecosystem.

  • Buyer
    Growth Equity at Goldman Sachs Alternatives, Meritech, Redpoint, Headline, Jack Altman
    Target
    Owner
    Industry
    Cloud & SaaS
    Location
    United States

    Owner, an AI platform for local business technology and marketing, raised $240 million at a $2.3 billion valuation. Growth Equity at Goldman Sachs Alternatives led the round, with participation from existing investors Meritech, Redpoint, Headline, and Jack Altman.

  • Buyer
    PSG, Banneker Partners
    Target
    XBE
    Industry
    Cloud & SaaS

    XBE, a platform for heavy materials, logistics, and construction, announced a growth investment from PSG. Founder and CEO Sean Devine and Banneker Partners will each retain significant ownership positions, with Devine continuing to lead the company.

  • Buyer
    Risepoint, Vistria
    Target
    Keypath Education (North American operations)
    Seller
    Sterling Partners
    Industry
    Cloud & SaaS
    Type
    Buyout

    Risepoint acquired the North American operations of Keypath Education to expand online healthcare education and its clinical placement network. The deal adds more than 20 university partnerships and significantly strengthens Risepoint’s healthcare program and placement capabilities across multiple high-demand disciplines.

  • Buyer
    Silver Lake, Public Investment Fund
    Target
    Workday
    Industry
    Cloud & SaaS
    Type
    Buyout

    Private equity firm Silver Lake is reportedly in acquisition talks to take Workday private in what could be one of the largest software buyouts on record. Discussions are ongoing, and there is no guarantee a definitive transaction will be agreed.

  • Buyer
    Facility Grid
    Target
    PingCx
    Seller
    Seth Hemley (Principal Investor and Chairman of the Board of PingCx)
    Industry
    Cloud & SaaS
    Type
    Addon

    Facility Grid acquired PingCx, an autonomous commissioning platform for building automation systems, as it expands from construction commissioning software into a broader building lifecycle technology platform. PingCx will be integrated as FG Validate, enabling connected validation workflows and autonomous point-to-point checkout and performance testing, while Facility Grid plans to launch FG Sustain in September 2026.

  • Buyer
    Pipedrive
    Target
    Outfunnel
    Industry
    Cloud & SaaS
    Location
    Estonia
    Type
    Addon

    Pipedrive has acquired Outfunnel, an Estonian sales-and-marketing automation startup with real-time data synchronization between CRMs and marketing platforms. Pipedrive plans to integrate Outfunnel’s core capabilities directly into its CRM to reduce the complexity of managing disconnected tools for small and mid-sized businesses.

  • Buyer
    Alphatax
    Target
    TP Accurate, Intra Pricing Solutions
    Industry
    Cloud & SaaS
    Location
    United Kingdom
    Type
    Addon

    Alphatax, a tax compliance software provider, announced the acquisitions of TP Accurate and Intra Pricing Solutions to strengthen its transfer pricing capabilities. The companies’ products expand Alphatax’s ability to support the transfer pricing lifecycle with intra-group financing pricing tools and automated AI-driven documentation.

  • Buyer
    Headlight Partners
    Target
    RepSpark
    Industry
    Cloud & SaaS

    RepSpark, a B2B wholesale e-commerce platform for brands and retailers across golf, outdoor and lifestyle apparel, announced a $22 million strategic investment from Headlight Partners. The growth equity funding will be used to expand RepSpark’s enterprise product suite, grow its ERP integrations, deepen AI-powered tools, and strengthen customer success to drive retention.

  • Buyer
    Vista Equity Partners
    Target
    Quantios
    Seller
    Hg
    Industry
    Cloud & SaaS
    Type
    Buyout

    Hg has agreed to sell its majority stake in Quantios, an SaaS platform for the global trust and corporate services industry, to Vista Equity Partners. The deal is expected to close in the third quarter of 2026 and was not disclosed in financial terms.

  • Buyer
    Bain Capital
    Target
    SupplyOn
    Seller
    Robert Bosch GmbH, Schaeffler AG, ZF Friedrichshafen AG, AUMOVIO SE
    Industry
    Cloud & SaaS
    Location
    Bavaria, Germany
    Type
    Buyout

    Bain Capital is acquiring SupplyOn, a cloud-based supply-chain collaboration joint venture. The sellers—Bosch, Schaeffler, ZF and AUMOVIO—were advised on the tax aspects of the transaction, with financial terms not disclosed.

  • Buyer
    Inverness Graham Investments (IGI), Balance Point Capital Advisors, LLC (and its affiliated funds)
    Target
    ShipSigma
    Industry
    Cloud & SaaS
    Location
    United States

    ShipSigma, an AI-powered parcel and supply-chain optimization platform, received a majority investment from Inverness Graham Investments (IGI). Balance Point Capital provided debt and equity capital to facilitate IGI’s recapitalization of the company.

  • Buyer
    H.I.G. Growth Partners
    Target
    Rewind Software Inc.
    Industry
    Cloud & SaaS
    Location
    Canada

    H.I.G. Growth Partners has acquired a majority stake in Rewind Software, a SaaS resilience platform providing backup and recovery, business continuity, and data governance. The investment is intended to fuel Rewind’s growth and product innovation as demand accelerates from AI adoption and cloud migrations, including Atlassian’s shift to cloud.

  • Buyer
    Ridgeview Partners LLC, U.K. Piston Bidco Limited (Bidco)
    Target
    Pinewood Technologies Group plc (Pinewood.AI)
    Industry
    Cloud & SaaS
    Location
    United Kingdom
    Type
    Buyout

    Ridgeview Partners’ U.K. acquisition vehicle, U.K. Piston Bidco Limited, has reached an agreement with the board of Pinewood Technologies Group plc (Pinewood.AI) for a recommended acquisition valued at approximately £545 million. Under the terms, Pinewood.AI shareholders will receive £4.48 per share in cash, subject to Pinewood.AI shareholder approval and regulatory conditions, with completion expected by December 22, 2026.

  • Buyer
    Cinven
    Target
    Salsify, Inc.
    Industry
    Cloud & SaaS
    Type
    Buyout

    International private equity firm Cinven has agreed to acquire Salsify, Inc., a cloud-native Product Experience Management (PXM) software provider. Financial terms were not disclosed, and the transaction is subject to regulatory approvals and customary closing conditions.

  • Buyer
    Bain Capital
    Target
    SupplyOn
    Seller
    AUMOVIO, Bosch, Schaeffler, ZF
    Industry
    Cloud & SaaS
    Location
    Germany
    Type
    Buyout

    Bain Capital has agreed to acquire SupplyOn, a cloud-based supply chain collaboration platform serving complex European manufacturing industries. The deal is being executed via Bain Capital’s Tech Opportunities business in Europe and will fund new product development, including AI capabilities, as well as increased sales and marketing efforts.

  • Buyer
    Apax Digital Funds
    Target
    Inspectorio
    Industry
    Cloud & SaaS

    Inspectorio, an AI-powered supply chain quality and risk management platform, announced a growth investment from the Apax Digital Funds. The funding is intended to accelerate development of its Paramo AI layer, expand into new industry verticals, and scale commercial operations for the platform used by brands and retailers and their supplier networks globally.

  • Buyer
    Signal Labs, Lightspeed Venture Partners
    Target
    BrassRing
    Industry
    Cloud & SaaS
    Type
    Buyout

    Signal Labs, an enterprise software company backed by Lightspeed Venture Partners, acquired BrassRing, a talent acquisition platform used by Fortune 500 companies for applicant tracking, hiring workflows, and onboarding. Signal Labs will layer its SignalOS “attention” infrastructure on top of BrassRing to provide forward-looking talent risk and outcome signals, while BrassRing will continue operating as a standalone product.

  • Buyer
    PartnerOne
    Target
    ISI Analytics
    Industry
    Cloud & SaaS
    Type
    Buyout

    PartnerOne, an enterprise software acquisition group operating as a permanent-capital acquirer, acquired ISI Analytics, which provides analytics and operational intelligence for enterprise collaboration platforms such as Microsoft Teams, Cisco, and Webex. The deal is intended to accelerate product innovation, deepen customer success, and expand AI-enabled capabilities in collaboration analytics.

  • Buyer
    ZetaDisplay
    Target
    retailmediatools
    Industry
    Cloud & SaaS
    Location
    Germany
    Type
    Buyout

    ZetaDisplay has agreed to acquire retailmediatools, a Berlin-based, API-first cloud retail media platform provider, to expand its retail media software capabilities. The transaction is expected to strengthen ZetaDisplay’s position as a full-service technology partner for retailers operating physical digital networks, with completion subject to customary closing conditions.

  • Buyer
    Shore Capital Partners
    Target
    ThrivePass
    Industry
    Cloud & SaaS
    Type
    Buyout

    Shore Capital Partners acquired ThrivePass, a Denver-based employee benefits technology platform, to accelerate ThrivePass’s growth and expand its reach among employers. The partnership is intended to support continued investment in ThrivePass’s product, technology, and client experience, with healthcare-focused operational expertise.

  • Buyer
    Lightyear Capital LLC
    Target
    Corestream
    Industry
    Cloud & SaaS

    Lightyear Capital announced a strategic investment in Corestream, a voluntary benefits and employee savings technology platform, to accelerate product innovation, platform expansion, and ecosystem growth. The deal supports further innovation in technology infrastructure and partner connectivity; transaction terms were not disclosed.

  • Buyer
    Frazier Healthcare Partners
    Target
    MatrixCare
    Seller
    Resmed
    Industry
    Cloud & SaaS

    Frazier Healthcare Partners agreed to acquire MatrixCare from Resmed in a transaction that includes MatrixCare-branded software offerings such as Healthcare First and Citus, but excludes Resmed’s Brightree and MEDIFOX DAN businesses. The deal was reported completed in September 2026; Frazier plans to invest in product innovation and post-acute care capabilities, while Resmed said the sale supports its strategic focus on sleep, breathing, and connected home-based care.

  • Buyer
    Summit Partners, Insight Partners, Sixth Street Growth
    Target
    Keyfactor
    Industry
    Cloud & SaaS

    Keyfactor, a trust infrastructure platform for the AI and quantum era, announced a $1 billion+ strategic growth investment led by Summit Partners. Following the close, existing investors Insight Partners and Sixth Street Growth will maintain significant ownership, supporting Keyfactor’s product innovation, global expansion, and strategic acquisitions.

  • Buyer
    Experity
    Target
    Exdion Healthcare
    Industry
    Cloud & SaaS
    Type
    Buyout

    Experity acquired Exdion Healthcare, an AI-driven SaaS company focused on automating the patient chart-to-cash revenue cycle workflow (coding, billing, compliance, and revenue cycle automation). The acquisition is intended to unify clinical, operational, and financial workflows with AI to accelerate reimbursement, reduce manual work, and minimize denials; financial terms were not disclosed. Exdion’s insurance-focused affiliate was excluded from the transaction and will continue to operate independently.

  • Buyer
    Banyan Software
    Target
    tec4U-Solutions
    Industry
    Cloud & SaaS
    Location
    Saarland, Germany
    Type
    Buyout

    Banyan Software announced it has acquired tec4U-Solutions, a Saarbrücken-based provider of material compliance software and data services for manufacturers, retailers, and product importers. tec4U-Solutions will continue operating independently from Saarbrücken, with its leadership, team, and roadmap remaining in place, while Banyan supports next-stage growth including AI investments, go-to-market initiatives, and product development.

  • Buyer
    CVC Capital Partners
    Target
    Chess.com
    Industry
    Cloud & SaaS

    CVC Capital Partners IX agreed to invest in Chess.com, the world’s largest online chess platform, alongside longtime shareholder General Atlantic. Terms were not disclosed, and the investors said the partnership aims to improve the platform and expand Chess.com’s global presence.

  • Buyer
    Schneider Geospatial, LLC, Align Capital Partners
    Target
    New England GeoSystems
    Industry
    Cloud & SaaS
    Type
    Addon

    Align Capital Partners’ portfolio company Schneider Geospatial, LLC acquired New England GeoSystems (NEGEO), a Connecticut-based geospatial software and services firm serving municipalities in the Northeast. NEGEO’s MapExpress solution will be integrated into Schneider Geospatial’s Beacon platform used by more than 1,000 local government jurisdictions across 35 states.

  • Buyer
    Birchway Capital
    Target
    Festina Finance
    Industry
    Cloud & SaaS
    Location
    United Kingdom

    Birchway Capital is providing Festina Finance with a growth investment of more than €25 million. The deal will be used to accelerate Festina Finance’s platform development and support expansion of its cloud-native modular systems serving pensions and life insurance providers across Europe, including the UK.

  • Buyer
    Blackstone, Apollo, FS KKR Capital Corp (FSK)
    Target
    Medallia
    Seller
    Thoma Bravo
    Industry
    Cloud & SaaS

    Medallia entered into a recapitalization agreement with its lenders that will reduce outstanding debt and provide $150 million of new capital. Upon completion, Medallia’s ownership will transition from Thoma Bravo to an investor group led by Blackstone, Apollo, and FS KKR Capital Corp.

  • Buyer
    RealTime Reservation, Wavecrest Growth Partners
    Target
    STAY
    Industry
    Cloud & SaaS
    Location
    Spain
    Type
    Buyout

    RealTime Reservation (RTR) announced its acquisition of STAY to create a global, end-to-end guest experience platform for hotels and resorts. The combined platform unifies RTR’s pre-arrival commerce and ancillary revenue tools with STAY’s in-stay guest engagement capabilities, spanning more than 2,000 properties across 75+ countries.

  • Buyer
    ETHERFAX, Telegraph Hill Partners (THP)
    Target
    Weave Cloud Solutions, Weave Flow
    Industry
    Cloud & SaaS

    ETHERFAX announced a strategic investment led by Telegraph Hill Partners (THP) and said it will use the capital to expand its cloud fax and workflow automation capabilities for healthcare organizations and U.S. government agencies. In the same announcement, ETHERFAX also acquired Weave Cloud Solutions’ flagship product, Weave Flow, an AI-powered intelligent document processing solution.

  • Buyer
    Rubicon Technology Partners
    Target
    CaseWorthy, Inc.
    Industry
    Cloud & SaaS

    CaseWorthy, a purpose-built case and program management software platform for non-profit and government human services organizations, secured a majority growth investment from Rubicon Technology Partners. The partnership is intended to accelerate product innovation (including AI capabilities), deepen integrations across the human services ecosystem, and pursue acquisitions to expand the platform’s reach.

  • Buyer
    Sundance Growth
    Target
    CDWare
    Industry
    Cloud & SaaS
    Location
    Quebec, Canada

    Sundance Growth, a growth equity firm focused on mission-critical B2B software, announced a strategic growth investment in CDWare. The funding will support CDWare’s continued North American expansion—particularly its U.S. growth plan—and accelerate product development for regulated heavy-duty fleet operators.

  • Buyer
    Novo Holdings, Bain Capital, Nexxus Holdings
    Target
    HST Pathways
    Industry
    Cloud & SaaS
    Location
    United States

    HST Pathways, a provider of cloud-based software purpose-built for ambulatory surgery centers (ASCs), announced a strategic growth investment from Novo Holdings. Novo Holdings joins existing investors Bain Capital and Nexxus Holdings to support HST’s next phase of growth, including accelerating its AI and agentic product roadmap for ASC operations.

  • Buyer
    PSG
    Target
    Dockwa
    Industry
    Cloud & SaaS

    Dockwa, a marina management software company, secured a strategic growth investment from PSG, a growth equity firm focused on software and technology-enabled services. The funding is intended to accelerate Dockwa’s expansion beyond marina management software into a broader “full-stack operating system and intelligence layer” for the marine economy, including AI-native products and data-driven tools.

  • Buyer
    Grady Bay Capital, Rock Island Capital, another private family office (unnamed)
    Target
    Brickhouse GPS
    Industry
    Cloud & SaaS
    Type
    Buyout

    Grady Bay Capital completed its acquisition of Brickhouse GPS, a GPS fleet telematics, asset tracking, and connected-vehicle software provider. The transaction establishes Brickhouse GPS as Grady Bay’s platform investment for connected-vehicle and fleet management software, with founder Todd Morris continuing to lead the company as CEO.

  • Buyer
    Accel-KKR, Evaran
    Target
    Checked In Care
    Industry
    Cloud & SaaS
    Location
    United States
    Type
    Addon

    Accel-KKR acquired a majority stake in Checked In Care, a software platform for non-medical home care agencies, and immediately folded it into its existing portfolio company, Evaran, focused on clinical home care. The deal is aimed at consolidating fragmented clinical and non-clinical home care workflows into a single end-to-end platform for multi-service agencies.

  • Buyer
    LLR Partners
    Target
    AxisCare
    Industry
    Cloud & SaaS

    AxisCare, a provider of home care management software, announced a strategic growth investment from LLR Partners to accelerate product innovation and organizational expansion. Existing investor Frontier Growth will remain an active partner following the transaction.

  • Buyer
    The Riverside Company
    Target
    Workbench International
    Industry
    Cloud & SaaS
    Location
    New Zealand

    The Riverside Company has made an investment in Workbench International, a mission-critical vertical SaaS platform for project-based construction industries. Riverside expects Workbench to continue product development, expand commercial capabilities, and pursue AI transformation to improve project workflows and outcomes.

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