Tracked deals
2744
2744 tracked deals across 2003-2026.
Tracked deals
2744
2744 tracked deals across 2003-2026.
Buyer mix
Strategic-led
2227 strategic · 1073 pe
Top trend
Volume peaked in 2021
463 tracked deals announced in 2021.
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 |
|---|---|---|---|
| Volaris Group | 53 | Operating group that acquires, strengthens and grows vert... | Strategic |
| TA Associates | 35 | Global growth private equity firm investing in profitable... | PE |
| Constellation Software Inc. | 26 | Public company that acquires, manages, and builds industr... | Strategic |
| Francisco Partners | 24 | Global private equity firm specializing in investments in... | PE |
| Thoma Bravo | 24 | Private equity firm focused on software and technology-en... | PE |
| Accel-KKR | 21 | Technology-focused private equity firm investing in softw... | PE |
| Banyan Software, Inc. | 20 | Permanent-capital acquirer and operator that acquires, bu... | PE |
| Hg | 20 | Private equity investor focused on European and transatla... | PE |
| Banyan Software | 18 | Acquirer of enterprise software businesses using permanen... | PE |
| Marlin Equity Partners | 17 | Global private investment firm focused on corporate carve... | PE |
Last 10 years
Supporting Data
Thryv Holdings entered into a definitive agreement to sell its print directories business (Print Yellow and White Pages in the United States, Australia, and New Zealand, plus related digital and Australia White Pages online assets) to private equity firm Carolwood L.P. for $142 million in cash. The transaction is expected to close in the fourth quarter of 2026 and Thryv plans to use net proceeds to repay outstanding debt and liabilities as it continues transitioning toward its AI-powered software growth platform.
AFS acquired Debticate, adding loan syndication and sales workflow technology to its commercial loan servicing and lifecycle management platform. The combined offering is intended to provide financial institutions a more integrated platform across the syndicated loan lifecycle, enabling automation and better coordination from origination through distribution and servicing.
Nimonik acquired LegiNation, the owner of the U.S. legislative and regulatory tracking platform BillTrack50. The deal officially closed on July 31, 2026, and will combine Nimonik’s global regulatory/standards compliance platform with BillTrack50’s real-time tracking of state and federal legislation across all 50 states. LegiNation will continue operating independently under the BillTrack50 brand, with founder Karen Suhaka remaining President.
Francisco Partners and KKR have agreed terms to acquire minority stakes in Italian business software company TeamSystem from majority shareholder Hellman & Friedman. The transaction values TeamSystem at between €8 billion and €10 billion and is structured as a “private IPO,” with Hellman & Friedman selling minority shares while transferring remaining exposure to another fund.
PSI Software entered into a delisting agreement with majority shareholder Zest Bidco, an entity indirectly controlled by funds managed by Warburg Pincus, to set up PSI’s removal from Frankfurt Stock Exchange regulated trading. Zest Bidco plans a public delisting acquisition offer for all outstanding PSI shares at the statutory minimum cash price, based on the weighted average domestic exchange price over the prior six months.
Baseten acquired Blaxel to expand its AI infrastructure platform with Blaxel’s execution, storage, and networking technology for autonomous agents. The companies aim to deliver a more integrated runtime where agents can run code in secure, persistent sandboxes alongside model inference and training in the same system.
PlusAI entered into a definitive business combination agreement with Texas Ventures Acquisition III Corp. to take the autonomous trucking software company public at an $800 million pre-money valuation. The deal is expected to close in 2026 and is supported by up to approximately $300 million of capital, including committed financing and funds held in the SPAC trust.
Soutron Global, a portfolio company of Atlasview Equity Partners, acquired Biblionix, an Austin-based provider of cloud-native library management software. Biblionix’s cloud-native integrated library system (Apollo) and K-12 companion system (Artemis) serve nearly 1,000 libraries and schools and will be added to Soutron’s buy-and-build platform.
Candle Lake, a Kenneth Dart-owned investment vehicle, launched a SEK 131.7 billion mandatory public cash offer for online gaming technology company Evolution after increasing its ownership beyond Sweden’s 30% takeover threshold. Evolution shareholders are offered SEK 695 per share in cash, valuing the company at approximately SEK 131.7 billion and with acceptance expected from August 17 to September 15, 2026.
Recur Software has completed its acquisition of FLAGS Software, a provider of quality management and production control software for complex manufacturing environments. The deal strengthens Recur’s presence in the UK and adds shop-floor quality software to its manufacturing portfolio, with plans to invest in AI capabilities to help manufacturers anticipate quality issues.
Total Synergy and Monograph announced they are joining forces to build a global technology company dedicated exclusively to the architecture and engineering (A&E) industry, leveraging Total Synergy’s international footprint and Monograph’s U.S. platform. The companies plan to use additional investor capital to develop AI-enabled solutions that modernize A&E firms’ practice management workflows. The announcement follows Total Synergy’s 2025 acquisition of Factor A/E, which together with Total Synergy and Monograph is intended to expand coverage across firm sizes, geographies, and operating models.
Freedom Holding Corp. acquired 100% of ChessBase GmbH on June 1, 2026. The acquisition is intended to strengthen Freedom’s digital ecosystem and expand its technology offerings via chess software, databases, analytics, and online services.
ECI Software Solutions has acquired Prima Business Control Software to expand its ERP and e-commerce capabilities for office supply dealers. The deal integrates Prima’s cloud-native technology stack and AI into ECI’s end-to-end business management platform to help distributors improve ordering, inventory management, and customer fulfillment.
Francisco Partners agreed to acquire a majority stake in Command Alkon from Thoma Bravo. Heidelberg Materials will retain a significant minority stake as Command Alkon expands its agentic AI and autonomous plant operation capabilities, global scaling, and payments offerings.
Mortgage Automator announced its acquisition of Lendr, a US-based loan origination and servicing platform serving private and hard-money lenders. The companies say the combination will create a unified AI-enabled software platform for private lenders across the United States and Canada, while keeping both products operational during the transition.
Tyler Technologies acquired CODY Systems to expand its public safety software portfolio with cloud-based records management and information-sharing products. The deal is expected to help small and midsized public safety agencies implement software faster and improve interoperability for real-time data access.
Leonardo DRS has entered into a definitive agreement to acquire Raft LLC for an all-cash transaction valued at $450 million. Raft, headquartered in McLean, Virginia, provides open-architecture mission software focused on multi-domain data fusion and AI for national security customers, and the deal is expected to close in the fourth quarter of 2026.
Vena Solutions entered into a definitive agreement to acquire Morpheo AI, a Toronto-based enterprise agentic data platform, subject to customary closing conditions. The deal will combine Morpheo’s Omega orchestration platform with Vena’s FP&A software to create “Vena Omega,” a cumulative context engine intended to reduce decision latency and deepen AI capabilities for finance and business performance.
Boston Globe Media acquired InstaTrac, a Massachusetts-based government information company providing legislative and municipal tracking services. The deal expands the Globe’s ability to access and analyze government data to strengthen journalism and adds a B2B subscription information business to its portfolio.
ARMS, a cloud-based public safety software provider and portfolio company of Vertica Capital Partners, announced it has acquired Teleosoft. Teleosoft supplies cloud-based civil process and court case management software used by more than 80 counties (over 100 offices) across the United States.
ReSpark completed its acquisition of UptimePM, a maintenance and facility management software platform for heavy industrial operations. UptimePM is now a wholly owned part of ReSpark and will be rebranded as ReSpark Maintenance, expanding ReSpark’s metal recycling software platform with equipment maintenance and yard/facility workflows.
Constellation Software’s subsidiary Harris Computer acquired Toronto-based restaurant point-of-sale and management software provider TouchBistro for about $100 million, according to multiple reports. The deal follows a December 2023 recapitalization that left Francisco Partners controlling TouchBistro, and the sale provided limited or no value to former common shareholders, while Harris plans to continue investing in the business.
Assent, a supply chain sustainability management and product compliance provider headquartered in Ottawa, acquired IPOINT, a Germany-based product compliance and sustainability software provider. The deal is Assent’s first acquisition and expands its platform from supply chain compliance into end-to-end product lifecycle intelligence, supporting requirements such as Digital Product Passports and EU sustainability regulations.
Volaris Group announced the acquisition of IVES and its subsidiaries IVES Inc and Elioz (including the Solupi brand). IVES provides software solutions focused on accessibility and inclusion for deaf and hard-of-hearing individuals and others facing communication barriers.
Arcadea Group announced it acquired Cohero, a provider of case management software for coroner and medical examiner offices, which has joined Computer Information Systems (CIS). The deal expands Arcadea and CIS’s public safety software presence into the coroner and medical examiner market, with Cohero continuing to operate as a wholly owned subsidiary under the Cohero brand.
Aquiline, a financial-services and technology-focused investment firm, announced that Edward Jones has made an investment in Quicken, an Aquiline portfolio company. The investment is intended to expand Quicken’s reach into the wealth management community through Edward Jones’ advisor network, while Aquiline-managed funds will continue to remain the majority owner following the transaction.
TELEO Capital Management acquired SmartFactory Rx, which has been rebranded as Modersys, from Applied Materials. Modersys is a pharmaceutical manufacturing intelligence platform that uses real-time analytics, AI/ML process intelligence, and advanced process control to help regulated life sciences manufacturers improve yield, reduce variability, and accelerate time to market.
Superhuman agreed to acquire GPTZero, an AI content detection and authenticity platform. The deal is intended to expand Superhuman’s authenticity layer and make GPTZero’s tools available within Superhuman Go across 1 million apps and websites.
GROUPAUTO International (GAI) acquired the remaining shares of Softeca, giving GAI full ownership and completing the integration of the Burgos-based software developer. The deal builds on GAI’s initial 33% stake acquired in 2022 and is intended to accelerate digital transformation across the automotive aftermarket by expanding GAI’s digital ecosystem and tools for global members.
Simulations Plus entered into a definitive agreement to be acquired by affiliates of Altaris in an all-cash transaction valued at approximately $375 million. Under the terms, Simulations Plus stockholders will receive $18.50 per share, and Altaris expects the deal to close in the fourth quarter of 2026 (subject to customary conditions and approvals).
Renesas Electronics Corporation announced that a Renesas subsidiary has completed the acquisition of Pictorus, a software developer based in Oakland, California. The deal adds Pictorus’ cloud-based behavioral modeling platform to enhance Renesas 365, Renesas’ electronics system design and lifecycle management platform.
Aptean acquired ROTOR Software GmbH, a provider of dealer management solutions for motorists, agricultural, and construction machinery sectors in the DACH market. The deal expands Aptean’s presence in DACH and strengthens its portfolio of purpose-built dealer management systems for machinery dealers, repair shops, and related businesses.
The Riverside Company partnered with and invested in AssetIntel, a provider of infrastructure inspection and asset management software for critical transportation assets. The investment is intended to help AssetIntel scale through organic growth, product innovation, and selective strategic acquisitions, including expansion into additional infrastructure asset classes and broader customer sets.
Novara announced its acquisition of Ensogo, an AI-native sustainability and ESG software platform. The deal is intended to expand Novara’s AI-powered operational risk management platform by integrating Ensogo’s sustainability technology into Novara’s Flex platform.
UniSea announced the acquisition of Berlin-based Kaiko Systems, an AI-powered frontline intelligence and vessel inspection software company for the maritime industry. The deal combines UniSea’s HSEQ, maintenance, procurement, and dry-docking platform with Kaiko’s AI-driven inspection and compliance capabilities, while Kaiko will continue operating as a distinct product with its own team and roadmap.
Thoma Bravo’s affiliate completed its all-cash acquisition of kneat.com, inc. for approximately C$650 million. Kneat shareholders received C$6.50 per share and the company was delisted from the Toronto Stock Exchange.
STARTEEPO Invest increased its beneficial ownership position in Xerox Holdings Corporation (Xerox) to more than 6% of Xerox’s outstanding common stock. The increase follows an amended Schedule 13D filing and takes STARTEEPO to approximately 8.0 million shares plus options on an additional 140,000 shares.
CORA Group (portfolio of Jonas Software within Constellation Software) acquired Finastra’s U.S. mid-market banking business, including the Phoenix core banking system and related digital banking and analytics solutions. The acquired suite includes MalauzAi Digital Banking, Analyzer IQ, and Enterprise Content Management (ECM), which serve community banks and credit unions across the United States.
Valsoft Corporation, through its wholly owned subsidiary Manos Software Group, acquired Clubspeed, a global provider of venue management software for karting tracks and other family entertainment attractions. Clubspeed will continue to operate independently with its team in place as Manos invests in AI-enabled product capabilities and supports organic growth.
CHR Group, a European provider of digital food safety, compliance, and foodservice management software, announced the acquisitions of Rmoni and Andy. The deal is intended to expand CHR’s international footprint and broaden its capabilities beyond HACCP compliance by adding on-site operational management and connected equipment monitoring.
SciSparc’s majority-owned subsidiary, NeuroThera Labs, received conditional approval from the TSX Venture Exchange to acquire approximately 54% of CliniQuantum, an Israeli quantum-computing technology company focused on clinical trial data analysis. Under the share purchase agreement amended in April 2026, NeuroThera will acquire 56,375 ordinary shares (about 54% of outstanding shares) in exchange for 56.6 million NeuroThera common shares valued at approximately $9.46 million.
ChiroHD, a cloud-native practice management platform for chiropractors, has acquired SKED and Spark to create a connected ecosystem combining scheduling, communication automation, and AI-powered patient engagement. The acquisitions integrate SKED’s mobile-first scheduling and messaging with Spark’s AI engagement flows to streamline clinic operations and improve patient retention.
Greenhouse, a hiring platform used by more than 7,500 companies, entered into a definitive agreement to acquire Ezra AI Labs, a voice AI interviewing startup that delivers structured, on-demand candidate conversations. The acquisition was expected to close later in the quarter, and it extends Greenhouse’s structured hiring approach to the front of the recruiting funnel where application volume is highest.
Oakley Capital is acquiring a majority stake in XTEL, a revenue management and trade promotion software platform for consumer packaged goods (CPG) companies. The deal is being purchased from existing shareholders Bain Capital and SilverTree Equity, with XTEL continuing to be led by CEO Rob Mullen.
Sonar announced it has acquired Gitar, an AI-native code review platform, to expand SonarQube’s code verification capabilities with AI-powered code review. The combined platform will integrate Gitar with SonarQube so AI agents can be reviewed and validated from the moment they start writing code through deployment.
The Hercules Portfolio of Andromeda Software Inc., an operating group of Constellation Software Inc., announced that it has acquired Peocit Software Solutions Pvt. Ltd. Peocit provides core banking and lending software solutions and services to financial institutions across India.
Gentrack completed the acquisition of Factor for an enterprise value of NZ$24 million, with an additional potential NZ$10 million earn-out tied to recurring revenue growth. The purchase embeds Factor’s AI-powered pricing intelligence into Gentrack’s g2 utilities platform to enhance pricing capabilities for global energy retailers.
Celonis launched its Celonis Context Model (CCM) to eliminate “operational blind spots” in enterprise AI agents by providing a real-time digital twin of business operations. The company signed a definitive agreement to acquire AI decision-intelligence startup Ikigai Labs, whose simulation and forecasting capabilities will be integrated into the CCM.
Mastercam Italia, an affiliate of Mastercam and part of the Sandvik Group, completed its strategic acquisition of Cadline, a longtime Mastercam channel partner. The acquisition transitions Cadline into Mastercam Italia to strengthen Mastercam’s direct market presence and expand national customer support for Italian manufacturers.
Long Path Partners, through Frankel UK Bidco Limited, has completed its take-private acquisition of Idox plc. Idox shareholders received 71.5 pence in cash per share, valuing the company at approximately £339.5 million on a fully diluted equity basis.
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Recurring names include Vista Equity Partners, Thoma Bravo, Insight Partners, and additional strategic/operating buyers such as Dassault Systèmes and Computer Information Systems (CIS).
Recent deal descriptions frequently highlight domain workflows (public safety, national security, regulated manufacturing), plus capabilities like cloud records management, product compliance, and real-time analytics/data fusion.
Recent entries list locations across the United States, Canada, Germany, and France, with examples including Pennsylvania, California, Virginia, Massachusetts, and other areas.
Several recent entries describe expected closing windows and note that transactions are subject to regulatory approvals and customary closing conditions.