Software Acquisitions in 2021
Acquisition Volume in Software in 2021 by Year
Last 5 years
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December 31, 2021
- Buyer
- i3 Verticals, Inc.
- Target
- Undisclosed court systems software business
- Industry
- Software
- Location
- United States
- Type
- Buyout
i3 Verticals, Inc. announced an acquisition effective December 31, 2021 of a 30-year-old business that provides court system data management solutions across the Southeast and Mid-Atlantic, including electronic filing, case management and document imaging software for state-level customers. The deal expands i3 Verticals' Public Sector product suite and creates cross-selling opportunities; the company also granted inducement equity awards to certain employees in connection with the acquisition.
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December 28, 2021
- Buyer
- Convenient Brands, The Beekman Group
- Target
- ROME Technologies
- Seller
- Scott Rome
- Industry
- Software
- Location
- Maryland, United States
- Type
- Addon
Convenient Brands, a Draper, Utah-based platform and portfolio company of private investment firm The Beekman Group, has acquired ROME Technologies of Pasadena, Maryland. The deal brings ROME's collision-center management software, consulting and payments integration (ROMEPay) into Convenient Brands' automotive repair technology platform; founder Scott Rome retired and James Rome was promoted to president. Convenient Brands said it will support ROME with additional sales, marketing and product development resources.
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December 27, 2021
- Buyer
- HID Global
- Target
- InvoTech Systems, Inc.
- Industry
- Software
- Location
- California, United States
- Type
- Buyout
HID Global has acquired InvoTech Systems, a Woodland Hills, California-based provider of RFID-enabled textile, linen and laundry inventory management solutions. The acquisition expands HID's textile and laundry applications portfolio and strengthens its RFID-based inventory management capabilities and presence in North America.
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December 23, 2021
- Buyer
- Automation Anywhere
- Target
- FortressIQ
- Industry
- Software
- Location
- California, United States
- Type
- Buyout
Automation Anywhere has entered into a definitive agreement to acquire FortressIQ, a San Francisco-based process discovery and mining company. The acquisition will integrate FortressIQ’s process intelligence capabilities into Automation Anywhere’s cloud-native Automation 360 platform to accelerate customers’ intelligent automation and digital transformation initiatives.
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December 23, 2021
- Buyer
- TAP Software Holdings, Terminus Capital Partners, Petrus Asset Management Company
- Target
- Delta Data
- Seller
- Accel-KKR
- Industry
- Software
- Location
- Georgia, United States
- Type
- Buyout
TAP Software Holdings, an enterprise software investment vehicle managed by Terminus Capital Partners (with participation from Petrus Asset Management Company), has acquired Delta Data, a pooled investment fund administration software provider, from Accel-KKR. Delta Data — founded in 1985 and serving major banks, retirement recordkeepers, and investment managers — will continue to be led by CEO Whitfield Athey as the buyer invests in product and infrastructure to drive growth.
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December 23, 2021
- Buyer
- Tempo Software
- Target
- ALM Works
- Industry
- Software
- Location
- Massachusetts, United States
- Type
- Addon
Tempo Software, a PE-backed provider of time, resource and portfolio management solutions, has acquired ALM Works, the developer of the Structure for Jira project and portfolio management suite. The deal expands Tempo's strategic portfolio management capabilities by combining ALM Works' project-structuring tools with Tempo's time and capacity management products as an add-on to its platform.
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- Buyer
- Capital A (Capital A Investment Partners)
- Target
- Anrova Solutions, Domani Business Solutions
- Industry
- Software
- Location
- Antwerp, Belgium
- Type
- Growth capital
Belgian SAP partner Anrova Solutions and Dutch SAP partner Domani Business Solutions have merged with investment participation from Netherlands-based investor Capital A. The combined entity (about 75 employees) will target growth across Belgium and the Netherlands and pursue a buy-and-build strategy to scale as a European SAP Business One provider.
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December 22, 2021
- Buyer
- Arrow International, Inc.
- Target
- Tab Wizard Inc.
- Seller
- Rob Perry
- Industry
- Software
- Location
- Washington, United States
- Type
- Buyout
Arrow International, Inc., a Cleveland-based manufacturer and distributor of charitable gaming products, acquired the assets of Tab Wizard Inc., a provider of pull tab and food & beverage point-of-sale management software. The deal brings Tab Wizard's POS and reporting capabilities into Arrow's portfolio to expand its end-to-end offerings for charitable gaming customers; Tab Wizard founder Rob Perry sold the assets and will remain with Arrow.
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December 21, 2021
- Buyer
- Insightful Science
- Target
- Protein Metrics
- Industry
- Software
- Location
- California, United States
- Type
- Addon
Insightful Science, a portfolio company of Insight Partners, has acquired Protein Metrics, a provider of protein characterization and proteomics analysis software. The deal adds proteomics capabilities to Insightful Science's R&D software portfolio (including GraphPad Prism, SnapGene, Geneious Prime and Dotmatics) to help biopharma and research customers accelerate protein analysis across research and production.
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December 21, 2021
- Buyer
- Symphony Technology Group (STG)
- Target
- CAI Software, LLC
- Seller
- Main Street Capital Corporation
- Industry
- Software
- Location
- Rhode Island, United States
- Type
- Recapitalization
Symphony Technology Group (STG) completed a majority investment recapitalization of CAI Software, LLC, a provider of ERP, MES and WMS software and related services. Main Street Capital Corporation exited its debt and equity investments as part of the recapitalization and realized a gain while receiving a minority equity stake in the acquirer.
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December 21, 2021
- Buyer
- Enphase Energy, Inc.
- Target
- 365 Pronto, Inc.
- Industry
- Software
- Location
- Arizona, United States
- Type
- Buyout
Enphase Energy completed the acquisition of 365 Pronto, a Scottsdale-based predictive software marketplace that matches cleantech asset owners and installers with on-demand service providers. The purchase integrates 365 Pronto’s two-sided service-dispatch platform into Enphase’s digital offerings to expand service capabilities, access a nationwide supplemental labor pool, and improve customer wait times for solar, battery storage, and EV charging maintenance.
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December 21, 2021
- Buyer
- Oracle
- Target
- Federos
- Industry
- Software
- Location
- Texas, United States
- Type
- Buyout
On December 21, 2021, Oracle announced it entered into an agreement to acquire Federos. The acquisition brings Federos' AI-optimized Assure1 assurance, analytics, and automation platform into Oracle Communications to expand Oracle's network and service assurance capabilities for communications service providers and enterprises (including 5G use cases).
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December 21, 2021
- Buyer
- GE Digital
- Target
- Opus One Solutions Energy Corporation
- Industry
- Software
- Location
- Canada
- Type
- Buyout
GE Digital entered into an agreement to acquire Opus One Solutions Energy Corporation, a software company that helps electric utilities optimize energy planning, operations, and market management. The combined portfolio is intended to enable utilities to plan, onboard, manage, optimize, and trade renewables and Distributed Energy Resources (DERs) across the electric grid. The deal terms were not disclosed and the transaction is expected to close within 30 days.
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December 16, 2021
- Buyer
- Aquiline Capital Partners LLC
- Target
- VirtusLab Sp. Z.o.o.
- Industry
- Software
- Location
- Lesser Poland Voivodeship, Poland
- Type
- Growth capital
Aquiline Capital Partners has taken a significant minority stake in Krakow-based software development firm VirtusLab, with existing management rolling part of their equity and remaining owners. The investment will fund organic growth — including talent acquisition, R&D investment, and potential add-on acquisitions — as VirtusLab seeks to scale its cloud-native, data and development capabilities for enterprise customers.
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December 16, 2021
- Buyer
- Motorola Solutions
- Target
- 911 Datamaster, Inc.
- Industry
- Software
- Location
- United States
- Type
- Buyout
Motorola Solutions has acquired 911 Datamaster, a Next Generation 9-1-1 (NG9-1-1) location services and data solutions provider. The acquisition will integrate 911 Datamaster's location-routing and NG9-1-1 capabilities into Motorola Solutions' command center software suite to improve emergency call routing and responder workflows; terms were not disclosed.
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December 15, 2021
- Buyer
- Trimble
- Target
- AgileAssets
- Industry
- Software
- Location
- Texas, United States
- Type
- Buyout
Trimble (NASDAQ: TRMB) has acquired AgileAssets, a Austin, Texas–based provider of SaaS infrastructure asset management software used by government and transportation agencies. The acquisition expands Trimble's civil infrastructure portfolio by adding AgileAssets' asset lifecycle management, analytics and digital twin integration capabilities; financial terms were not disclosed.
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December 15, 2021
- Buyer
- UMT360, TELEO Capital Management, LLC
- Target
- FIOS Insight LLC
- Industry
- Software
- Location
- Texas, United States
- Type
- Addon
TELEO Capital-backed UMT360 has acquired FIOS Insight, a Houston-based provider of Enterprise Architecture (EA) SaaS (Insight-EA), and will merge FIOS with UMT360 to extend UMT360's Strategic Portfolio Management suite. The acquisition integrates FIOS' EA capabilities into UMT360's strategy-to-execution and project portfolio management offering to provide an end-to-end enterprise project solution.
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December 14, 2021
BrowserStack has acquired Nightwatch.js, the open-source Node.js end-to-end test automation framework, and will continue to keep the project open-source while investing in its development. BrowserStack said the move will help scale Nightwatch.js and deepen its support for the developer and testing community.
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December 14, 2021
- Buyer
- Continental
- Target
- Apex.AI
- Industry
- Software
- Location
- California, United States
- Type
- Growth capital
Continental has taken a minority stake in Palo Alto–headquartered Apex.AI as a strategic investor to deepen an existing collaboration on the safety-certified vehicle operating system Apex.OS. The minority investment (amount undisclosed) aims to accelerate industrialization and shorten development cycles for ADAS and autonomous-driving functions through closer cooperation and integration of Apex.AI's software with Continental's vehicle platforms.
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December 13, 2021
- Buyer
- Seequent, Bentley Systems
- Target
- Advanced Resources and Risk Technology, LLC (AR2Tech)
- Industry
- Software
- Location
- Colorado, United States
- Type
- Buyout
Bentley Systems' Seequent business unit has acquired Denver-based Advanced Resources and Risk Technology, LLC (AR2Tech), a developer of geostatistical software and algorithms. The acquisition adds AR2Tech's high-performance geostatistics algorithms, IP, and cloud/desktop workflows to Seequent's geological modeling solutions to strengthen capabilities for mining, environmental sciences, and energy users.
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December 13, 2021
- Buyer
- Symphony Technology Group (STG)
- Target
- CAI Software, LLC
- Seller
- Existing owners and management team
- Industry
- Software
- Location
- Rhode Island, United States
- Type
- Buyout
Symphony Technology Group (STG) has made a majority investment in CAI Software, a Rhode Island–based provider of ERP, MES, WMS, EDI and production-oriented software for manufacturing and distribution. STG said the investment will accelerate CAI's product innovation and growth through organic investments and M&A while partnering with CAI's existing owners and management team.
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December 10, 2021
- Buyer
- Concentra Analytics Ltd
- Target
- Dynaplan
- Industry
- Software
- Location
- Vestland, Norway
- Type
- Buyout
Concentra Analytics Ltd (creator of orgvue) has acquired Dynaplan, a Swiss‑Norwegian provider of strategic workforce‑planning software and services. The deal integrates Dynaplan’s driver‑based simulation capabilities with orgvue’s organisational modelling to deliver end‑to‑end workforce planning and accelerate Concentra’s product roadmap.
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December 9, 2021
- Buyer
- Espresoh Tech senior management (led by Marcel Barbulescu)
- Target
- Espresoh Tech, LLC
- Seller
- Alpine Consolidated
- Industry
- Software
- Location
- United States
- Type
- Divestiture
Alpine Consolidated has sold its ownership of US-based Espresoh Tech, LLC to the company's senior management team led by Marcel Barbulescu in a management buyout. Espresoh Tech will be led operationally by EU-based CEO Daniel Markovits as the company transitions to engineer/management ownership to align employee equity and support its strategic transformation.
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December 9, 2021
UP9, a Palo Alto-based leader in microservice monitoring and testing, acquired London-based MockLab, the creator of the popular open-source API mocking project WireMock. The acquisition brings WireMock's API-mocking capabilities and creator Tom Akehurst (joining UP9 as CTO) into UP9 to expand its test automation and developer-focused API reliability tooling.
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December 9, 2021
Vercel has acquired Turborepo, the high-performance build system for JavaScript and TypeScript monorepos created by Jared Palmer. The acquisition brings Turborepo's monorepo tooling and remote caching capabilities into Vercel's platform to accelerate frontend build times and improve developer experience.
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December 8, 2021
- Buyer
- Influitive Corporation
- Target
- PostBeyond
- Industry
- Software
- Location
- Ontario, Canada
- Type
- Buyout
Influitive Corporation acquired PostBeyond, a venture-backed SaaS employee advocacy and social selling platform, in a deal announced December 8, 2021. The acquisition brings employee advocacy capabilities into Influitive’s customer advocacy and online community platform to accelerate product development, broaden engagement offerings, and drive growth.
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December 7, 2021
- Buyer
- FoodChain ID, Berkshire Partners
- Target
- Verdant
- Industry
- Software
- Location
- Georgia, United States
- Type
- Addon
FoodChain ID, a Berkshire Partners–backed provider of food safety, quality and sustainability solutions, has acquired Verdant, a consulting and SaaS provider that automates compliance, PLM integration and product development workflows for CPG, food & beverage and specialty chemical companies. The add-on expands FoodChain ID's technology-enabled services and accelerates its ability to deliver PLM integrations, compliance automation and product formulation tooling to enterprise customers.
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- Buyer
- Cognizant
- Target
- Devbridge
- Industry
- Software
- Location
- Illinois, United States
- Type
- Buyout
Cognizant has agreed to acquire Devbridge, a Chicago‑headquartered digital product and technology consultancy, to expand its software product engineering capabilities and global delivery footprint. The deal adds more than 600 engineers, designers and product managers across Lithuania, Poland, the United States, the United Kingdom and Canada; Devbridge employees will join Cognizant Softvision. Financial terms were not disclosed and the transaction was expected to close in late 2021.
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- Buyer
- Bregal Unternehmerkapital
- Target
- Isah Software Group
- Industry
- Software
- Location
- North Brabant, Netherlands
- Type
- Buyout
Funds advised by Bregal Unternehmerkapital have acquired a majority stake in Isah Software Group to support the founder succession plan and accelerate the ERP firm's growth. The partnership will back Isah's expansion in the Netherlands, the German-speaking region and beyond, with BU providing capital, strategic advice and access to industry expertise.
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December 6, 2021
- Buyer
- Capital A Investment Partners
- Target
- Quintor
- Industry
- Software
- Location
- Groningen, Netherlands
- Type
- Growth capital
Capital A Investment Partners has taken a minority (or small majority) stake in Quintor, a Dutch software development specialist focused on cloud-native development and platform engineering. The investment will support Quintor’s growth strategy — including continued focus on public cloud and expanded security capabilities — as the company scales its teams across multiple Dutch offices.
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December 6, 2021
- Buyer
- Marlin Equity Partners, StarCompliance
- Target
- Six Lambda, LLC
- Industry
- Software
- Location
- United States
- Type
- Addon
Marlin Equity Partners acquired Six Lambda, a provider of political contribution monitoring and compliance data, and will merge it into StarCompliance, an existing Marlin portfolio company. The acquisition adds integrated political contribution monitoring capabilities to StarCompliance’s employee compliance platform to enhance regulatory monitoring for financial services clients.
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December 1, 2021
- Buyer
- Bitly Inc.
- Target
- Egoditor GmbH
- Seller
- FLEX Capital
- Industry
- Software
- Location
- North Rhine-Westphalia, Germany
- Type
- Buyout
Bitly Inc. has acquired a majority of the shares in Egoditor GmbH, the Bielefeld-based SaaS provider behind qr-code-generator.com, from private equity investor FLEX Capital. The deal brings Egoditor's QR-code capabilities and >€30M ARR into Bitly's global link and QR platform; FLEX and the founders will reinvest a meaningful portion of proceeds into Bitly.
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December 1, 2021
- Buyer
- Prometheus Group
- Target
- Ventureforth
- Industry
- Software
- Location
- Georgia, United States
- Type
- Addon
Prometheus Group, a Raleigh-based provider of enterprise asset management (EAM) software, has acquired Ventureforth, an Atlanta-based Oracle partner that builds cloud-based mobile apps and solutions for asset maintenance, supply chain and work management. The acquisition expands Prometheus's mobile and cloud capabilities for Oracle EAM/SCM customers and is the sixth add-on made by Prometheus since its 2019 acquisition by Genstar Capital; financial terms were not disclosed.
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December 1, 2021
- Buyer
- Tailwind Capital
- Target
- Brightspot
- Seller
- Carrick Capital Partners
- Industry
- Software
- Location
- Virginia, United States
- Type
- Buyout
Tailwind Capital has acquired a majority stake in Brightspot, a Reston-based content management system (CMS) provider, from Carrick Capital Partners. The investment will support Brightspot's next phase of growth, including expanding its developer community, partner network and product capabilities.
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December 1, 2021
- Buyer
- Diversis Capital Management, LP
- Target
- Fishbowl
- Industry
- Software
- Location
- Utah, United States
- Type
- Buyout
Diversis Capital, a Los Angeles-based private equity firm, has acquired Fishbowl, a Utah-based provider of inventory management and warehouse/manufacturing software for QuickBooks users. Diversis plans to accelerate Fishbowl's SaaS product offerings, expand internationally, grow hosting and e-commerce capabilities, and pursue strategic add-on acquisitions.
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December 1, 2021
- Buyer
- Clarivate plc
- Target
- ProQuest
- Seller
- Cambridge Information Group, Atairos
- Industry
- Software
- Location
- United States
- Type
- Buyout
Clarivate plc completed its acquisition of ProQuest, a global software, content, data and analytics provider for research and learning institutions, for $5.3 billion (including repayment of ProQuest debt). The deal was first announced in May 2021 and expands Clarivate’s research intelligence platform with ProQuest’s curated content and SaaS solutions.
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November 30, 2021
- Buyer
- Procare Solutions
- Target
- ChildPlus Software
- Industry
- Software
- Location
- Georgia, United States
- Type
- Buyout
Procare Solutions, a leading provider of child care management software, has acquired ChildPlus Software, a specialist in Head Start and early childhood program management. The acquisition expands Procare's product capabilities and extends its reach into federally funded Head Start, EHS, and State Pre-K markets; financial terms were not disclosed.
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November 26, 2021
- Buyer
- LDC
- Target
- IEG4
- Industry
- Software
- Location
- Cheshire, United Kingdom
- Type
- Growth capital
LDC has completed a minority growth investment in IEG4, a software company headquartered in Alderley Edge, Cheshire that builds digital service platforms for public sector organisations. The funding will back Managing Director Paul Tomlinson and the existing management team to invest in new product development, expand the development team and drive scale and growth.
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November 25, 2021
- Buyer
- Sandvik AB
- Target
- ICAM Technologies Corporation
- Industry
- Software
- Location
- Quebec, Canada
- Type
- Buyout
Sandvik AB has signed an agreement to acquire Canada-based ICAM Technologies Corporation, a provider of post-processing, machine simulation and tool-path optimization software for CNC machining. ICAM (founded in Montreal in 1971) will be reported within Sandvik Coromant; the company has about 27 employees and 2020 revenues of roughly SEK 30 million. The deal is expected to close in Q4 2021 and strengthens Sandvik's verification and optimization offering for component manufacturing.
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November 24, 2021
- Buyer
- Sentry
- Target
- Specto
- Industry
- Software
- Location
- California, United States
- Type
- Buyout
Sentry has acquired Specto, a mobile profiling and analytics startup founded by ex-Facebook mobile engineers, to add continuous profiling and deeper mobile performance context to Sentry’s application monitoring platform. The Specto team (including co-founders Jernej Strasner and Indragie Karunaratne) will join Sentry as the company integrates Specto’s mobile-first profiling capabilities into its observability product suite.
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November 24, 2021
- Buyer
- Kerridge Commercial Systems Ltd, Accel-KKR
- Target
- RNH Solutions
- Industry
- Software
- Location
- Ireland
- Type
- Addon
Kerridge Commercial Systems Ltd (a PE-backed ERP provider) has acquired RNH Solutions, a long-standing Irish reseller and provider of Autopart and Merchant software. The acquisition brings RNH's Dublin-based team and ~500 combined Irish customers into the KCS group to expand KCS's presence and capabilities in the Republic of Ireland.
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November 23, 2021
- Buyer
- H.I.G. Capital
- Target
- 3Pillar Global
- Industry
- Software
- Location
- Virginia, United States
- Type
- Growth capital
H.I.G. Capital (through an affiliate) made a strategic growth investment in 3Pillar Global, a global software product development firm. The investment will support 3Pillar's continued scaling, talent attraction and development, and expansion of its digital product engineering capabilities.
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November 23, 2021
- Buyer
- ServiceNow
- Target
- DotWalk
- Industry
- Software
- Location
- California, United States
- Type
- Buyout
ServiceNow has acquired DotWalk, a San Diego-based startup that automates upgrades and AI-powered regression testing for ServiceNow applications. The acquisition brings DotWalk’s test-generation and intelligent automation capabilities natively onto the Now Platform to accelerate upgrades, reduce testing effort, and free developer time for higher-value work.
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November 23, 2021
- Buyer
- Marlin Equity Partners
- Target
- ImagineSoftware
- Industry
- Software
- Location
- North Carolina, United States
- Type
- Buyout
Marlin Equity Partners has completed a majority-control growth investment in ImagineSoftware, a provider of medical billing automation and revenue cycle management software. The partnership will support investments in product development and growth to strengthen ImagineSoftware's position serving hospitals, medical practices and billing companies.
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- Buyer
- Agilico, Horizon Capital
- Target
- INVU
- Industry
- Software
- Location
- Northamptonshire, United Kingdom
- Type
- Addon
Horizon Capital-backed Agilico has acquired INVU, a document management and invoice processing software provider. The add-on deal adds approximately £3m of revenue to the Agilico group and expands its document management and development capabilities as part of Agilico's buy-and-build strategy.
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November 22, 2021
- Buyer
- Norvestor VIII SCSp (Norvestor)
- Target
- Pinja Group Oy
- Seller
- MB Funds, Certain other shareholders
- Industry
- Software
- Location
- Central Finland, Finland
- Type
- Buyout
Norvestor VIII SCSp has signed an agreement to acquire a majority of the shares in Pinja Group Oy, a Finnish industrial software and digitalization services provider headquartered in Jyväskylä. The transaction will make Norvestor the largest shareholder while Pinja's management and key employees retain stakes; the deal is intended to accelerate Pinja's internationalization and M&A-driven growth across the Nordics and Germany and is expected to close around year-end.
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November 18, 2021
- Buyer
- DataCore Software
- Target
- MayaData
- Industry
- Software
- Location
- California, United States
- Type
- Buyout
DataCore Software has acquired MayaData, the original developer of OpenEBS and MayaStor, bringing MayaData's San Jose team into DataCore to accelerate development of container-native storage for enterprise Kubernetes deployments. Financial terms were not disclosed; the acquisition expands DataCore's software-defined storage portfolio to include container-attached storage and strengthens its go-to-market and engineering capabilities for cloud-native customers.
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November 17, 2021
Versaterm Public Safety, a Banneker Partners portfolio company, has acquired Komutel, a Canadian developer of 9-1-1 communications software and NG9-1-1 middleware. Versaterm plans to integrate Komutel's solutions with its vCAD offering to streamline call-to-dispatch workflows and support the industry-wide transition to all-digital NG9-1-1 infrastructure; deal terms were not disclosed.
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November 17, 2021
- Buyer
- Carlyle
- Target
- AutoForm AG
- Seller
- Astorg
- Industry
- Software
- Location
- Schwyz, Switzerland
- Type
- Buyout
Global investment firm Carlyle has agreed to acquire AutoForm AG, a Swiss provider of sheet metal forming and Body-in-White (BiW) assembly simulation software, from private equity firm Astorg. The transaction — subject to regulatory approvals — will see Carlyle support AutoForm’s growth by investing in its software platform, commercial operations and pursuing further acquisitions; financial terms were not disclosed.
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November 16, 2021
Bizzabo, the Event Experience Operating System, has acquired Klik, a Montreal-based event tech startup that builds smart wearable devices and onsite analytics for live events. The acquisition brings Klik's BLE-based wearable hardware and location analytics into Bizzabo’s Event Experience OS to expand on-site capabilities and data-driven attendee engagement for in-person and hybrid events.
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