Software Acquisitions in 2020
Acquisition Volume in Software in 2020 by Year
Last 5 years
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December 31, 2020
- Buyer
- Dura Software
- Target
- Vertex Systems
- Industry
- Software
- Location
- Ohio, United States
- Type
- Buyout
Dura Software, a San Antonio-based acquirer of hyper-niche software businesses, has acquired Vertex Systems, a Columbus, Ohio company that provides software for organizations serving adults with disabilities. The purchase expands Dura's footprint into the human-services/healthcare software market; Vertex will move its corporate headquarters to San Antonio while retaining its Columbus workforce.
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December 31, 2020
RapidAPI has acquired Paw, a popular API design and collaboration tool, to extend its developer platform across the full API development lifecycle. The deal will integrate Paw's API design capabilities into RapidAPI's marketplace and enterprise tooling and expand Paw's platform from Mac-only to Windows, Linux, and web.
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December 31, 2020
- Buyer
- ECI Software Solutions
- Target
- Shoptech Industrial Software Corp.
- Industry
- Software
- Location
- Connecticut, United States
- Type
- Buyout
ECI Software Solutions signed a definitive agreement to acquire Glastonbury, Connecticut–based Shoptech Industrial Software Corp., a provider of ERP software for job shops and made-to-order manufacturers. Upon closing (expected in Q4 2020), Shoptech will join ECI's Manufacturing division; terms were not disclosed.
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December 30, 2020
- Buyer
- onX
- Target
- Adventure Projects, Inc.
- Industry
- Software
- Location
- Colorado, United States
- Type
- Buyout
onX, the outdoor GPS mapping and navigation company, has acquired Adventure Projects, Inc., the operator of community-driven outdoor guide sites and mobile apps (including Mountain Project, MTB Project, Hiking Project, Powder Project, and Trail Run Project). onX said it will continue to work with Adventure Projects' contributors and CEO Nick Wilder while integrating their guide content and communities into onX's mapping products to enhance outdoor discovery and access.
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December 28, 2020
- Buyer
- Yardi
- Target
- CommissionTrac
- Industry
- Software
- Location
- Georgia, United States
- Type
- Buyout
Yardi acquired CommissionTrac, an Atlanta-based revenue-management SaaS for commercial real estate brokerages, and will integrate the platform into its CommercialEdge suite. The CommissionTrac team will continue to support existing clients while contributing its commission, pipeline and invoicing capabilities to Yardi's commercial product offerings.
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December 28, 2020
- Buyer
- Funds advised by Apax Partners, Azentio Software
- Target
- 3i Infotech - Software Products business (Azentio Software)
- Seller
- 3i Infotech Limited
- Industry
- Software
- Location
- Maharashtra, India
- Type
- Divestiture
Funds advised by Apax Partners acquired the Software Products business of 3i Infotech for INR 10 billion and transferred the assets into a newly formed company, Azentio Software, wholly owned by the Apax Funds. The carve‑out creates a PE‑backed, focused software platform serving banking, financial services and insurance (BFSI) customers with plans for increased R&D, sales investment and future M&A across the region.
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December 23, 2020
- Buyer
- Personify, Inc.
- Target
- MemberClicks
- Seller
- Five Elms Capital, Level Equity
- Industry
- Software
- Location
- Georgia, United States
- Type
- Addon
Personify, a Pamlico Capital‑backed provider of association and nonprofit technology solutions, has acquired MemberClicks, a member management platform serving more than 3,000 client organizations. The acquisition expands Personify’s purpose-built platform coverage for associations, chambers and member-based organizations and will integrate MemberClicks’ team and products into Personify’s combined sales and marketing organization.
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December 23, 2020
- Buyer
- Aryza, Pollen Street Capital
- Target
- Anchor Computer Systems
- Industry
- Software
- Location
- United Kingdom
- Type
- Addon
Aryza, backed by Pollen Street Capital, has acquired Anchor Computer Systems, a long-established UK provider of end-to-end loan management and collections software. The deal expands Aryza’s lending and insolvency software capability and adds Anchor’s customer base of more than 300 lenders, while Anchor’s CEO Paul O’Sullivan will lead Aryza’s UK lending proposition.
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December 23, 2020
- Buyer
- CAI Software, LLC
- Target
- Radley Corporation
- Industry
- Software
- Location
- Rhode Island, United States
- Type
- Buyout
CAI Software, LLC has acquired Radley Corporation, a developer of electronic data interchange (EDI) and data collection software for manufacturers and distributors. Radley will operate as a subsidiary of CAI and will continue to maintain its sales, support and development operations; financial terms were not disclosed and the transaction closed on December 23, 2020.
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December 22, 2020
- Buyer
- Appfire
- Target
- Artemis Software
- Industry
- Software
- Location
- Colorado, United States
- Type
- Addon
Appfire acquired Artemis Software, an Atlassian Marketplace app vendor known for products such as MultiExcerpt, Copy Page Tree, and Flow Board. The deal brings Artemis founders Brendan Patterson and Bob Bergman (who will join Appfire as Chief Product Architects in Denver) to Appfire and accelerates Appfire’s cloud product strategy; the transaction was financed by First Eagle Alternative Credit, LLC.
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December 22, 2020
- Buyer
- NuWave Solutions, AE Industrial Partners, LP
- Target
- ProModel Government Services
- Seller
- ProModel Corporation
- Industry
- Software
- Location
- United States
- Type
- Divestiture
NuWave Solutions, a Washington, D.C.-area advanced analytics and AI provider, has acquired ProModel Government Services from ProModel Corporation. The acquisition (terms undisclosed) expands NuWave’s mission-focused analytics and model-based decision-support capabilities for the Department of Defense and other federal agencies; NuWave is PE-backed by AE Industrial Partners.
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December 22, 2020
- Buyer
- Honeywell
- Target
- Sparta Systems
- Seller
- New Mountain Capital
- Industry
- Software
- Location
- New Jersey, United States
- Type
- Buyout
Honeywell has agreed to acquire Sparta Systems from New Mountain Capital for $1.3 billion in an all-cash transaction. Sparta Systems is a provider of enterprise quality management software (QMS) and a next-generation SaaS platform for the life sciences industry; Honeywell will integrate Sparta into Honeywell Forge to expand its life sciences and software capabilities.
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December 22, 2020
- Buyer
- Aryza, Pollen Street Capital
- Target
- Hubsolv
- Industry
- Software
- Location
- Scotland, United Kingdom
- Type
- Addon
Aryza, a Pollen Street Capital‑backed provider of debt and insolvency software, has acquired Hubsolv, a Glasgow‑based case management and CRM software provider for the insolvency industry. The Hubsolv founders will join Aryza's management team to help integrate and expand the combined product suite to better serve the UK insolvency and debt management markets; the deal is subject to regulatory approval.
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December 22, 2020
- Buyer
- BlueCrest, Platinum Equity
- Target
- BCC Software
- Industry
- Software
- Location
- New York, United States
- Type
- Addon
BlueCrest, a Danbury, Connecticut-based provider of enterprise print, mail and customer communications technology, has acquired BCC Software, a long-standing North American leader in postal and presort software. The acquisition brings BCC's address quality, mail preparation and tracking solutions into BlueCrest's portfolio to deliver end-to-end postal optimization and mail workflow capabilities.
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December 18, 2020
- Buyer
- Goldman Sachs Merchant Banking Division, Insight Partners, Greater Sum Ventures, PSG
- Target
- Inhabit IQ
- Industry
- Software
- Location
- Tennessee, United States
- Type
- Growth capital
Goldman Sachs Merchant Banking Division has completed a significant investment in Inhabit IQ, joining existing backers Insight Partners, Greater Sum Ventures (GSV) and PSG. The capital will support Inhabit IQ's product innovation, growth acceleration and continued acquisition strategy while the current management team led by CEO Lisa Stinnett remains in place.
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December 18, 2020
- Buyer
- Charterhouse Capital Partners LLP
- Target
- Vermeg
- Seller
- Crédit Mutuel Arkéa
- Industry
- Software
- Location
- Netherlands
- Type
- Growth capital
Charterhouse Capital Partners has acquired an equity stake in Vermeg from Crédit Mutuel Arkéa, investing alongside Vermeg's founder and management who retain a shareholding. The investment will support Vermeg's continued organic growth and buy-and-build strategy to expand its software and digitalisation offerings for banking, insurance and wealth-management clients globally.
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December 18, 2020
- Buyer
- Pollen Street Capital
- Target
- Pacific Fund Systems (PFS / PAXUS)
- Seller
- Founding shareholders
- Industry
- Software
- Location
- United Kingdom
- Type
- Growth capital
Pollen Street (PSC Fund IV) has made its first Fund IV investment in Pacific Fund Systems (PFS), the developer of the PFS‑PAXUS fund administration software platform. Pollen Street will join the founding shareholders and work with management to support PFS's next phase of growth, investing in product capability and business development (including expansion into markets such as the US).
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December 18, 2020
- Buyer
- Northstar Capital
- Target
- Fresche Solutions
- Industry
- Software
- Location
- Quebec, Canada
- Type
- Growth capital
Northstar Capital has provided junior growth capital to Fresche Solutions, a Montreal-based software and services company focused on application modernization that is a portfolio company of American Pacific Group. The financing is intended to support Fresche's growth and APG's ongoing value-creation initiatives.
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- Buyer
- Marlin Equity Partners, Luminate Capital Partners
- Target
- StarCompliance
- Industry
- Software
- Location
- Maryland, United States
- Type
- Growth capital
Marlin Equity Partners has made a majority-control growth investment in StarCompliance, a Rockville, Maryland–based provider of employee compliance and regulatory technology, with existing investor Luminate Capital Partners retaining a minority stake. The capital will be used to accelerate product innovation and support StarCompliance's international expansion.
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December 17, 2020
- Buyer
- Valsoft Corporation
- Target
- WiSys
- Industry
- Software
- Location
- Georgia, United States
- Type
- Buyout
Valsoft Corporation, a Montreal-based acquirer of vertical market software businesses, has acquired WiSys, a Marietta, Georgia–headquartered provider of warehouse management solutions. WiSys CEO Michael Hollinger will remain in place as the company is integrated into Valsoft’s portfolio as part of Valsoft’s entry into the warehouse management vertical.
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December 17, 2020
Onit, Inc. acquired AXDRAFT, a Kyiv-based document automation company, to expand its contract lifecycle management and document drafting capabilities. AXDRAFT will operate as an independent subsidiary and continue to offer its multilingual, AI-driven document automation platform to corporate legal departments.
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December 17, 2020
- Buyer
- Learning Pool
- Target
- Remote Learner
- Industry
- Software
- Location
- Colorado, United States
- Type
- Buyout
Learning Pool, a PE-backed learning technology group, has acquired Remote Learner, a Denver-based LMS specialist, to grow its North American presence and add capability to its portfolio. Remote Learner — which has around 35 staff and 300+ customers including Indeed and Royal Caribbean — will be led by Dr. Page Chen as CEO and join the Learning Pool Group board.
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December 16, 2020
- Buyer
- EQT Private Equity (EQT Partners)
- Target
- Storable
- Seller
- Cove Hill Partners, Management
- Industry
- Software
- Location
- Texas, United States
- Type
- Buyout
EQT Private Equity has made a majority investment in Storable, a leading software and technology provider for the self-storage industry; Cove Hill Partners and management will retain a minority stake. The investment will support Storable’s scaling through product innovation and commercial expansion; Storable is headquartered in Austin, Texas and has ~440 employees.
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December 16, 2020
Amsterdam-headquartered MessageBird has acquired London-based real-time web technologies company Pusher for $35 million. The acquisition brings Pusher's 25-person team and real-time in-app messaging, push notifications and developer-facing APIs into MessageBird to expand its omnichannel communications platform.
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December 15, 2020
- Buyer
- Tinubu Square Group
- Target
- SuretyWave LLC
- Seller
- SuretyWave LLC
- Industry
- Software
- Location
- United States
- Type
- Buyout
Tinubu Square Group has acquired the assets of SuretyWave LLC, including its cloud-based surety bond processing system SurePath Digital, to extend its end-to-end SaaS offering for the surety and credit insurance value chain. The asset acquisition complements Tinubu's existing Tinubu eSURETY platform by adding capabilities for agents and brokers, enabling greater automation and integration across carriers, brokers, and agents.
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December 14, 2020
- Buyer
- FORM.com, Diversis Capital
- Target
- GoSpotCheck
- Industry
- Software
- Location
- Colorado, United States
- Type
- Divestiture
FORM.com, a provider of mobile data collection and workflow automation backed by Diversis Capital, acquired the GoSpotCheck product line in a carveout/divestiture. The deal merges GoSpotCheck's mobile task management and image-recognition capabilities into FORM.com's low-code/no-code field data platform to expand capabilities for mid-size and large global enterprise customers.
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December 10, 2020
- Buyer
- Infobric Group AB
- Target
- EquipmentLoop, Buildsafe
- Industry
- Software
- Location
- Sweden
- Type
- Addon
Infobric Group AB acquired Swedish construction SaaS companies EquipmentLoop and Buildsafe, strengthening its construction-site software offering and integrating both into its Infobric Ease platform. The add-on deals expand Infobric's capabilities across equipment/asset management and HSEQ/safety reporting to drive future organic growth and a joint product roadmap.
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December 10, 2020
- Buyer
- SE2
- Target
- Convergent Financial Technologies
- Industry
- Software
- Location
- New Jersey, United States
- Type
- Buyout
SE2, a life and annuities insurance technology and services firm, has acquired Convergent Financial Technologies, the developer of UV Cloud, a unit value pricing and trading SaaS platform. The acquisition expands SE2's SaaS product offerings for insurance and retirement solutions and strengthens UV Cloud's capabilities in pricing, trading, reporting and data analytics for insurance carriers and asset managers.
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December 9, 2020
- Buyer
- Aspen Technology, Inc.
- Target
- OptiPlant
- Industry
- Software
- Location
- California, United States
- Type
- Buyout
Aspen Technology, Inc. (AspenTech) has acquired OptiPlant, a Walnut Creek–based developer of AI-driven 3D conceptual plant layout and engineering automation software. The acquisition expands AspenTech’s industrial AI and conceptual design capabilities and integrates OptiPlant’s layout and routing solutions with AspenTech’s process modeling and cost-estimating products.
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December 9, 2020
- Buyer
- J.F. Lehman & Company
- Target
- CodeMettle, LLC
- Seller
- Selling shareholders
- Industry
- Software
- Location
- Georgia, United States
- Type
- Buyout
J.F. Lehman & Company, through an investment affiliate, has acquired CodeMettle, LLC in partnership with the company's founders and management. CodeMettle, headquartered in Atlanta, provides proprietary and custom software for management of critical communication networks used by defense, government and commercial customers; JFLCO said the acquisition will accelerate CodeMettle's growth in defense and government markets.
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December 8, 2020
- Buyer
- PSG
- Target
- NoFraud
- Industry
- Software
- Location
- New York, United States
- Type
- Growth capital
Funds advised by growth equity firm PSG made a significant, undisclosed investment in NoFraud, marking the fraud-prevention software company's first outside investment. PSG partners Adam Marcus and Govind Anand joined NoFraud's board as the investment will support product expansion and client acquisition.
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December 8, 2020
- Buyer
- Banneker Partners, Versaterm management team
- Target
- Versaterm
- Industry
- Software
- Location
- Ontario, Canada
- Type
- Buyout
Banneker Partners, an enterprise software-focused private equity firm, has acquired control of Versaterm alongside Versaterm's management team. The investment will support team growth, continued product innovation, and stronger customer relationships for the Ottawa-based public safety software provider.
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December 8, 2020
- Buyer
- Sovos
- Target
- LTtax
- Industry
- Software
- Location
- New York, United States
- Type
- Buyout
Sovos, a Boston-based global tax software provider, has acquired LTtax, a New York–based payroll withholding and unemployment tax software provider that serves large retailers, financial institutions and insurers. The deal brings LTtax's automated wage withholding capabilities into Sovos' tax information reporting suite, enabling Sovos to support payroll wage withholding (941 series) while strengthening non-wage withholding automation for 945 and 1042 reporting; terms were not disclosed.
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December 8, 2020
- Buyer
- 3Pillar Global, CIP Capital
- Target
- Tiempo Development
- Industry
- Software
- Location
- Arizona, United States
- Type
- Addon
3Pillar Global, a Fairfax, Virginia-based software product development firm and portfolio company of CIP Capital, has acquired Tempe, Arizona-based Tiempo Development in an add-on transaction. The deal expands 3Pillar's nearshore delivery footprint and capabilities—including data science, analytics, IoT, and cloud services—and brings more than 400 Tiempo engineers into the combined organization.
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December 7, 2020
- Buyer
- TZP Group
- Target
- Awareness Technologies, Inc.
- Industry
- Software
- Location
- Connecticut, United States
- Type
- Buyout
TZP Group, a New York-based private equity firm, has acquired Awareness Technologies, Inc., a Westport, Connecticut provider of endpoint monitoring, productivity, parental-control and analytics software. Financial terms were not disclosed; TZP named Elizabeth Harz as Awareness Technologies' CEO and said the investment is the first for its TZP Small Cap Partners II fund to capitalize on increased remote work and growing demand for device monitoring solutions.
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December 3, 2020
- Buyer
- Thoma Bravo
- Target
- Flexera
- Seller
- TA Associates, Ontario Teachers' Pension Plan Board
- Industry
- Software
- Location
- Illinois, United States
- Type
- Buyout
Thoma Bravo has agreed to acquire a majority interest in Flexera, a Chicago-area software company that provides IT asset management and software monetization solutions. Existing investors TA Associates and the Ontario Teachers' Pension Plan will remain meaningful shareholders as Thoma Bravo partners with management to accelerate growth and expand Flexera's SaaS offerings such as Flexera One.
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December 2, 2020
- Buyer
- Imprivata
- Target
- FairWarning Technologies (FairWarning)
- Seller
- Mainsail Partners
- Industry
- Software
- Location
- Florida, United States
- Type
- Addon
Imprivata, the healthcare-focused digital identity company, acquired FairWarning Technologies, a patient privacy intelligence and insider-threat analytics provider, to integrate data privacy, analytics, and insider-threat detection into its Digital Identity platform. The deal (announced December 2, 2020) strengthens Imprivata's identity governance and privacy capabilities for healthcare customers and expands its analytics offerings to joint customers; the seller was private equity firm Mainsail Partners.
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December 2, 2020
- Buyer
- MeridianLink
- Target
- TazWorks
- Industry
- Software
- Location
- Utah, United States
- Type
- Buyout
MeridianLink has signed a definitive agreement to acquire certain assets of TazWorks, the developer of the TazCloud background screening platform and suite of screening applications. The acquisition is intended to complement MeridianLink’s Mortgage Credit Link business and accelerate product development and API capabilities for consumer reporting agencies and screening customers.
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December 1, 2020
- Buyer
- Gimmal LLC
- Target
- Infolinx
- Industry
- Software
- Location
- Maryland, United States
- Type
- Buyout
Gimmal LLC has acquired Infolinx, a Maryland-based provider of physical records management software, to expand Gimmal's physical records management capabilities within its Gimmal Records Management platform. The deal adds warehouse and space management, legacy physical-records migrations, asset tracking and third-party storage integrations to Gimmal's offering; Madison Park Group advised Gimmal and DecisionPoint advised Infolinx.
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December 1, 2020
- Buyer
- Geodesial Group, Keensight Capital
- Target
- Bloc in Bloc
- Industry
- Software
- Location
- Pays de la Loire, France
- Type
- Addon
Geodesial Group, a France-based developer and distributor of CAD/CAE software (PE-backed by Keensight Capital), has acquired Bloc in Bloc, an augmented reality solutions provider for building and infrastructure surveys. The acquisition will integrate AR capabilities into Geodesial’s openBIM offering to accelerate growth and expand the Group’s end-to-end AEC (architecture, engineering & construction) software capabilities.
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December 1, 2020
- Buyer
- Seaport Capital
- Target
- Exacom
- Seller
- Employee Stock Ownership Plan (ESOP)
- Industry
- Software
- Location
- New Hampshire, United States
- Type
- Recapitalization
Seaport Capital has made a significant investment to recapitalize Exacom, a developer of multimedia recording and logging solutions for public safety, government, utilities, healthcare and other mission-critical markets. The transaction converts Exacom’s ESOP ownership structure and provides capital to accelerate growth while keeping the existing management team, led by President and CEO Al Brisard, in place.
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November 30, 2020
- Buyer
- MIB Group, Inc.
- Target
- Paperless Solutions Group (PSG)
- Industry
- Software
- Location
- Florida, United States
- Type
- Buyout
MIB Group, Inc. announced the acquisition of Paperless Solutions Group (PSG) to expand its portfolio of digital solutions for the life insurance industry. The deal brings PSG's cloud-based tools for application processing, signatures, policy delivery and underwriting automation into MIB's offerings to accelerate and streamline insurance application and underwriting workflows.
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November 30, 2020
- Buyer
- EveryAction
- Target
- Mobilize
- Industry
- Software
- Location
- New York, United States
- Type
- Buyout
EveryAction, a provider of CRM and fundraising technology for nonprofits, acquired Mobilize, an events management and volunteer recruitment platform. The deal brings Mobilize’s supporter engagement network and event tools into EveryAction’s nonprofit-focused CRM to provide integrated online/offline organizing, event management, and improved supporter conversion for nonprofit and advocacy clients.
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November 25, 2020
NorthEdge has invested via its SME fund to support a primary management buyout of Altia-ABM, a UK-based specialist investigation and covert operations software business. The investment will fund product and cloud development, expand Altia-ABM's addressable market into additional private-sector customers and international territories, and support potential strategic acquisitions.
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November 22, 2020
- Buyer
- CoStar Group, Inc.
- Target
- Homesnap, Inc.
- Industry
- Software
- Location
- District of Columbia, United States
- Type
- Buyout
CoStar Group, Inc. agreed to acquire Homesnap, Inc. for $250 million in cash. Homesnap, a Washington, D.C.-area residential real estate software platform used by over 300,000 agents (about 150 employees, ~$40M projected 2020 revenue), will expand CoStar's offerings into the residential real estate market and broaden its addressable market.
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November 20, 2020
- Buyer
- Bregal Sagemount
- Target
- SurePrep, LLC
- Industry
- Software
- Location
- California, United States
- Type
- Growth capital
Bregal Sagemount has made a significant minority growth investment in SurePrep, a provider of 1040 tax automation software and software-powered services. The minority financing (terms undisclosed) will be used to accelerate product development, enhance customer service and expand SurePrep’s market and product offerings.
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November 20, 2020
Apax Partners Development has taken a majority stake in DIAPASON, a France-based treasury, payments and risk management software provider. Apax will support DIAPASON's growth—targeting larger corporates and the mid-market, international expansion, and add-on acquisitions—while founder Pascal Kravitzch and the management team remain significant investors.
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November 19, 2020
- Buyer
- Hg
- Target
- The Septeo Group
- Industry
- Software
- Location
- Occitanie, France
- Type
- Growth capital
Hg has made a growth investment in The Septeo Group, a French LegalTech provider, partnering with founders and the existing management team to support product development, European expansion and targeted acquisitions. Septeo serves notaries, law firms, corporate legal departments and property managers with software solutions and employs over 1,400 people.
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November 19, 2020
- Buyer
- Symphony Technology Group
- Target
- Warpwire
- Industry
- Software
- Location
- North Carolina, United States
- Type
- Addon
Symphony Technology Group (STG), a Palo Alto-based private equity firm, has acquired Warpwire, a Durham, North Carolina-based educational video management platform. The deal is STG's third investment into a unified professional-education platform following its earlier acquisitions of EthosCE and CadmiumCD, expanding the platform's video delivery and content capabilities for associations, healthcare organizations, hospitals, and universities.
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November 19, 2020
- Buyer
- Volaris Group Inc., AssetWorks Risk Management Inc.
- Target
- Go Solutions Group, Inc.
- Industry
- Software
- Location
- Michigan, United States
- Type
- Addon
Volaris Group Inc., through its AssetWorks Risk Management business, acquired the assets of Go Solutions Group, Inc., a Lansing, Michigan-based provider of special education documentation and Medicaid billing software (GoClaim). Go Solutions will continue operating under its brand and its team has joined AssetWorks to expand AssetWorks' K-12 special education and Medicaid reimbursement capabilities.
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