Software Acquisitions in 2017

Planview acquired LeanKit to extend its work and resource management platform with Lean and Agile (enterprise Kanban) capabilities. The acquisition integrates LeanKit's Enterprise Kanban for engineering teams into Planview's WRM portfolio to better serve software development, DevOps, IT operations and engineering organizations.

Williams-Sonoma, Inc. agreed to acquire Outward, Inc., a San Jose–based 3-D imaging and augmented reality platform for the home furnishings industry, for $112 million in cash. The deal will make Outward a wholly-owned subsidiary of Williams-Sonoma to extend the retailer's customer service and product-visualization capabilities while maintaining Outward's San Jose operations and leadership team.

StoneCalibre has completed the acquisition of Applied Voice & Speech Technologies, Inc. (AVST) and merged the business into XMedius Solutions Inc. The combination brings together AVST's unified communications software with XMedius's secure file-exchange capabilities to create an integrated enterprise communications offering.

Cboe Global Markets acquired the assets of Silexx Financial Systems, a Sarasota, Florida-based developer of a multi-asset order and execution management system (OEMS). The acquisition is intended to expand Cboe's multi-asset trading, data and analytics capabilities and provide customers with an additional OEMS channel and access to more global markets.

SNC-Lavalin, through its Atkins subsidiary, has acquired Data Transfer Solutions, LLC (DTS), a provider of enterprise asset management and GIS-based decision-support software (VUEWorks). The acquisition gives Atkins a cloud-based EAM platform and geospatial capabilities to expand its infrastructure and asset-management service offerings to government, utilities and commercial clients.

O2 Investment Partners announced a significant investment in MHC Software, Inc., partnering with CEO John Shields and management to support the company’s next stage of growth; terms were not disclosed. Aldine Capital participated in the transaction as a financial investor, and Byline Bank provided financing support. MHC, headquartered in Burnsville, Minnesota, develops document management and electronic transaction processing software that integrates with ERP and HCM systems.

Clubessential acquired PrestoSports Inc., a provider of SaaS athletic content and event management software, expanding Clubessential's customer base by ~65% and launching a new Sports Division. The deal is an add-on to Clubessential (backed by Battery Ventures) that broadens its membership and club management offering with collegiate athletics website, stats, camp management and live event broadcasting capabilities.

Perforce Software acquired Sweden-based Hansoft Technologies to add enterprise Agile planning and project portfolio management capabilities to its developer productivity and lifecycle management portfolio. The acquisition expands Perforce’s product suite for large-scale development teams and aims to broaden Hansoft’s global reach using Perforce’s resources.

Constellation Software’s N. Harris Computer Corporation has acquired Amazing Charts, an EHR, practice management and medical billing software provider serving nearly 4,000 practices. The acquisition expands Harris’s outpatient-focused healthcare software capabilities and adds Amazing Charts’ large base of independent physician and specialty outpatient customers.

Körber AG has acquired HighJump, a Minneapolis-based provider of supply chain management and cloud-ready warehouse and transport software, from parent Accellos Holdings and investor Accel-KKR. The acquisition strengthens Körber's logistics software portfolio and establishes a larger US competence center to support the Group's digitization and international growth initiatives.

Zyme, a channel data management cloud platform provider, acquired CCI, a partner marketing and channel incentive management firm, to expand its smart application portfolio and offer a more comprehensive channel incentives solution. The acquisition combines Zyme's downstream channel data capabilities with CCI's expertise in MDF/co-op and partner marketing to create a broader, data-driven incentives offering for enterprise technology customers.

IFS has completed the acquisition of UK-based mplsystems Limited and Field Service Management Limited to strengthen its Service Management and customer engagement capabilities. mplsystems provides omni-channel contact centre and customer engagement software, while Field Service Management Limited is an IFS implementation specialist in the UK and Ireland; both teams will join IFS's UK operations to bolster sales, consulting and support.

San Francisco-based private equity firm Alpine Investors has acquired Escape Technology, a Roseville, California provider of ERP software for K-12 school business departments. Dinan Capital Advisors served as exclusive financial advisor to Escape Technology and its shareholders in the transaction.

ESW Capital, through its affiliate Wave Systems, completed an all-cash tender offer to acquire Jive Software for $5.25 per share, valuing the transaction at approximately $462 million. Jive becomes part of the Aurea family of companies to expand Aurea's customer- and employee-engagement software capabilities.

Aptean, a global provider of industry-specific enterprise software, acquired Apprise, a Bethlehem, Pennsylvania-based provider of ERP and supply chain management solutions for importers and distributors of consumer goods. The acquisition expands Aptean’s ERP and SCM capabilities (cloud and on‑premise) and aims to accelerate growth by leveraging Aptean’s global scale and go-to-market resources.

VMware has acquired Apteligent (formerly Crittercism), a San Francisco–based mobile app performance and analytics company, to enhance its mobile and digital workspace capabilities. Terms were not disclosed; Apteligent had raised about $50 million since 2011 and will bolster VMware’s ability to provide app analytics alongside its AirWatch mobile management offerings.

Surgical Information Systems (SIS) has acquired SourceMed, a provider of ambulatory surgery center (ASC) software and services, adding SourceMed's AdvantX, Vision and SurgiSource products plus advisory and revenue cycle capabilities to the SIS product suite. The combined organization will operate as Surgical Information Systems and aims to strengthen SIS's ability to serve hospitals, ASCs, and ASC management companies with expanded perioperative IT and revenue cycle offerings.

ParkerGale Capital, a technology-focused private equity firm, has made a major investment in Profisee, a master data management (MDM) software provider based in Alpharetta, Georgia. The capital will be used to accelerate product and platform development, expand Profisee's global partner program and go-to-market, and support continued revenue growth.

ParkerGale Capital, a technology-focused private equity firm, has acquired Ipro Tech, a developer of advanced eDiscovery software solutions. Terms were not disclosed; ParkerGale plans increased investment in Ipro’s Automated Digital Discovery (ADD) platform, product expansion, and board-level support including appointment of Mike Suchsland.

Vector Informatik GmbH has acquired Vector Software, Inc., the developer of the VectorCAST automated testing environment. Capstone Partners advised Vector Software on the transaction; the deal expands Vector Informatik's automated testing capabilities and extends its testing portfolio into industries beyond automotive, leveraging VectorCAST's use in safety‑critical markets such as aerospace and medical devices.

Symantec Corporation agreed to acquire Altiris Inc. for approximately $830 million in cash ($33 per share) to expand its presence in the corporate software market. The deal, announced by Symantec, is expected to close in the second quarter pending regulatory and shareholder approvals and is intended to strengthen Symantec's enterprise management and IT asset-management capabilities.

Microsoft has acquired Simplygon (Donya Labs AB), a Swedish developer of automatic 3D data-optimization solutions, to accelerate its "3D for Everyone" vision and strengthen 3D creation and optimization capabilities across Windows, Paint 3D and Microsoft's creator ecosystem. The acquisition brings Simplygon's technology and leadership team into Microsoft to streamline 3D content pipelines for games and other industries.

CivicPlus, a Kansas-based provider of local government website and technology solutions, has acquired Rec1, a recreation management software provider for parks and recreation departments. The acquisition expands CivicPlus’s product portfolio to offer integrated recreation management capabilities to its municipal customers and enables cross-platform integration with CivicEngage websites.

Thompson Street Capital Partners has partnered with Software Technology, Inc. (STI), maker of the Tabs3 and PracticeMaster legal practice management and financial software suites, in a recapitalization of the business. Cascadia Capital served as STI's exclusive financial advisor; the recapitalization will support product expansion and pursuit of new market opportunities.

Upland Software (Nasdaq: UPLD) acquired Omtool, a document capture, fax and workflow solutions provider, for $19.2 million (net of cash). The acquisition adds capture, security and compliance capabilities to Upland’s enterprise work management portfolio, is expected to be immediately accretive to Adjusted EBITDA, and supports Upland’s vertical presence in financial services, legal and healthcare.