Software Acquisitions in 2022
Acquisition Volume in Software in 2022 by Year
Last 5 years
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December 28, 2022
SMA Technologies, a Houston-based provider of OpCon workload automation and a portfolio company of Thoma Bravo, has acquired VisualCron, a Sweden-based automation, integration and task-scheduling tool for Windows. The acquisition (terms undisclosed) expands SMA’s product portfolio to address smaller organizations, increases its global customer base and advances its automation capabilities following Thoma Bravo’s strategic investment in SMA.
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December 23, 2022
- Buyer
- Blue Star Innovation Partners
- Target
- Sonar Software
- Industry
- Software
- Location
- Texas, United States
- Type
- Growth capital
Blue Star Innovation Partners, a growth-focused investment firm, announced a strategic growth investment in Sonar Software, a cloud-based provider of BSS/OSS solutions for Internet Service Providers. The capital will support Sonar's global expansion and the development of new products and services to better serve ISPs and accelerate growth.
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December 22, 2022
- Buyer
- Chemical Computing Group ULC, Altaris, LLC
- Target
- Discngine SAS
- Industry
- Software
- Location
- Île-de-France, France
- Type
- Addon
Chemical Computing Group ULC (an Altaris operating company) has acquired Paris-based Discngine SAS, a provider of cheminformatics, structural bioinformatics and lab informatics software and services for life sciences research. The deal will add Discngine as a subsidiary of CCG, bolstering CCG's technical science capabilities and creating synergies across their life-sciences software offerings.
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December 21, 2022
- Buyer
- Alpina Partners (funds managed by Alpina Management GmbH)
- Target
- The Project Group Informationstechnologie GmbH (TPG)
- Industry
- Software
- Location
- Bavaria, Germany
- Type
- Buyout
Funds managed by Alpina Management GmbH (Alpina Partners) acquired a majority stake in The Project Group Informationstechnologie GmbH (TPG). The transaction positions TPG to accelerate growth—organically and via bolt-on acquisitions—while founder Stavros Georgantzis and management reinvest and remain with the company to drive expansion of its PPM software and consulting services.
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December 21, 2022
- Buyer
- Peak Rock Capital (affiliate)
- Target
- Seagull Scientific
- Industry
- Software
- Location
- Washington, United States
- Type
- Buyout
An affiliate of Peak Rock Capital has completed the acquisition of Seagull Scientific, the Bellevue, Washington–based developer of the BarTender labeling, barcode and RFID software platform. Peak Rock said it will support Seagull’s growth plan by accelerating the product roadmap and pursuing strategic acquisitions to expand the company’s capabilities and market reach.
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December 20, 2022
- Buyer
- Keensight Capital
- Target
- Quanos Solutions GmbH
- Seller
- IK Partners, IK Small Cap II Fund
- Industry
- Software
- Location
- Bavaria, Germany
- Type
- Buyout
Keensight Capital has signed an agreement to acquire Quanos Solutions GmbH from IK Partners' IK Small Cap II Fund. Quanos, headquartered in Nuremberg, Germany, is a provider of industrial aftersales and digital technical documentation software (around 270 employees and 1,000+ customers); Keensight will support the company’s next phase of growth, expanding its product suite, market penetration and international reach. Financial terms were not disclosed and the deal is subject to customary approvals.
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December 20, 2022
- Buyer
- ACTICO, BU Bregal Unternehmerkapital
- Target
- Fact Informationssysteme und Consulting GmbH
- Seller
- Software AG
- Industry
- Software
- Location
- North Rhine-Westphalia, Germany
- Type
- Addon
ACTICO, a BU (Bregal Unternehmerkapital)-backed provider of intelligent automation software, has acquired a majority interest in Fact Informationssysteme und Consulting GmbH, a Neuss-based provider of investment-management software and consulting previously part of Software AG. The deal strengthens ACTICO’s RegTech platform for banks, insurers and other financial services providers by combining ACTICO’s automation and decisioning software with Fact’s specialist investment-administration and reporting capabilities.
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December 19, 2022
- Buyer
- Hexagon AB
- Target
- Qognify
- Seller
- Battery Ventures
- Industry
- Software
- Location
- New York, United States
- Type
- Buyout
Hexagon AB has agreed to acquire Qognify, a provider of physical-security and incident-management software, from Battery Ventures. Terms were not disclosed and the deal remains subject to customary regulatory review; Hexagon plans to integrate Qognify into its public safety suite to expand capabilities in video surveillance and incident response.
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December 19, 2022
- Buyer
- Churchill Downs Incorporated
- Target
- Exacta Systems, LLC
- Industry
- Software
- Location
- Florida, United States
- Type
- Buyout
Churchill Downs Incorporated announced a definitive agreement to acquire Exacta Systems, a provider of historical horse racing (HHR) technology, for $250 million in cash. The asset purchase is intended to deliver tax benefits and operational synergies with CDI’s existing racetrack and HHR operations, and is expected to close in 2023 pending regulatory approvals.
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December 16, 2022
- Buyer
- gWorks, BV Investment Partners
- Target
- Softline Data, PubWorks
- Industry
- Software
- Location
- United States
- Type
- Addon
gWorks, a GovTech software provider backed by BV Investment Partners, acquired Softline Data and PubWorks to expand its suite of local government software solutions and broaden geographic coverage. The acquisitions combine utility billing, meter reading, public alert, work and operations management, and fleet maintenance capabilities under the gWorks brand to better serve small and medium-sized local governments across the United States.
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December 12, 2022
- Buyer
- Greater Sum Ventures
- Target
- Tracker (TrackerRMS)
- Industry
- Software
- Location
- California, United States
- Type
- Growth capital
Greater Sum Ventures, an entrepreneurial family office and growth equity investor, made a majority investment in Tracker (TrackerRMS), a cloud-based recruitment and staffing management platform. The capital will fund product innovation and accelerate growth while co-founder Andy Jones remains CEO and co-founder David Alonso stays on as an investor/advisor.
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December 12, 2022
- Buyer
- Constellation Software Inc., Lumine Group Inc.
- Target
- WideOrbit Inc.
- Seller
- Eligible WideOrbit shareholders
- Industry
- Software
- Location
- California, United States
- Type
- Buyout
Constellation Software Inc. and its subsidiary Lumine Group Inc. agreed to acquire WideOrbit Inc., a San Francisco–based media vertical market software provider, with WideOrbit becoming a wholly owned subsidiary of Lumine Group. The purchase will be funded by Constellation and a banking partner and includes a cash payment plus issuance of 13.83% of Lumine Group shares (on a fully diluted basis) to eligible WideOrbit shareholders; WideOrbit reported ~ $167M in 2021 revenue and ~450 employees.
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December 6, 2022
Advantive, a mission-critical software provider for specialty manufacturing and distribution businesses, has acquired DataNet (maker of WinSPC) and PQ Systems (provider of SQCpack and GAGEpack) to expand its statistical process control (SPC), quality and gage calibration software capabilities. The deals broaden Advantive's manufacturing software portfolio and deepen its ability to serve customers across manufacturing and distribution end markets.
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December 6, 2022
- Buyer
- Authenticom, Steve Cottrell
- Target
- Motive Retail
- Seller
- Kim Campassi, Dan Seats
- Industry
- Software
- Location
- Wisconsin, United States
- Type
- Buyout
Steve Cottrell, founder and CEO of Authenticom, has acquired Motive Retail to combine complementary data-integration products and platforms for the automotive retail ecosystem. The deal brings Motive's API integration capabilities together with Authenticom's DealerVault and data-hygiene offerings to expand capability and service coverage for OEMs, dealerships and software vendors.
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December 1, 2022
- Buyer
- The Access Group
- Target
- Construction Industry Solutions (COINS)
- Seller
- CSB Holdings Limited
- Industry
- Software
- Location
- England, United Kingdom
- Type
- Buyout
The Access Group has completed the acquisition of Construction Industry Solutions (COINS) to expand its construction-focused ERP and software capabilities and accelerate global growth. The deal brings COINS' construction management software, customers and employees into The Access Group as part of a broader strategy to extend its international ERP offering for the construction sector.
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December 1, 2022
- Buyer
- FARO Technologies, Inc.
- Target
- SiteScape
- Industry
- Software
- Location
- New York, United States
- Type
- Buyout
FARO Technologies has acquired SiteScape, a developer of iOS-enabled LiDAR 3D scanning software for the AEC and O&M markets. FARO will integrate SiteScape’s mobile LiDAR capture capabilities into its FARO Sphere platform to expand its reality-capture offering and make low-resolution mobile scanning widely accessible to construction and facilities customers.
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November 30, 2022
- Buyer
- Trive Capital
- Target
- Forward Slope Incorporated
- Industry
- Software
- Location
- California, United States
- Type
- Buyout
Dallas-based private equity firm Trive Capital has made an investment in Forward Slope Incorporated, a San Diego–headquartered provider of mission-critical software, geospatial mapping and surveillance solutions for defense and national security customers. Forward Slope CEO Carlos Persichetti remains with the company and invested alongside Trive; the partnership is intended to support organic growth and potential acquisitions to expand capabilities and scale the business.
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November 30, 2022
- Buyer
- i3 Verticals, Inc.
- Target
- Celtic Systems (Celtic Cross Holdings)
- Seller
- Celtic Cross Holdings
- Industry
- Software
- Location
- Arizona, United States
- Type
- Buyout
i3 Verticals, Inc. (Nasdaq: IIIV) acquired Celtic Systems (Celtic Cross Holdings), a provider of enterprise software and services for motor vehicle administrations and motor carriers, for approximately $85 million, effective October 1, 2022. The acquisition expands i3 Verticals' Public Sector capabilities and geographic reach across U.S. states and Canadian provinces and is expected to be accretive to pro forma adjusted diluted EPS.
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November 29, 2022
- Buyer
- RegScale
- Target
- GovReady
- Industry
- Software
- Location
- Virginia, United States
- Type
- Buyout
RegScale, a Tysons Corner-based GRC software company, acquired GovReady, an open-source Compliance-as-Code platform, to strengthen its NIST OSCAL-enabled governance, risk and compliance offering. GovReady’s leadership and engineering team — including CEO Elin — will join RegScale’s R&D organization to accelerate OSCAL and Compliance-as-Code capabilities.
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November 29, 2022
- Buyer
- Volaris Group, Constellation Software Inc.
- Target
- ArtBinder
- Industry
- Software
- Location
- New York, United States
- Type
- Addon
Volaris Group, an operating group of Constellation Software Inc., has acquired ArtBinder, a New York–based provider of cloud-based collection management and sales software for galleries and collectors. The deal expands Volaris's Arts & Culture vertical (including Gallery Systems) by adding ArtBinder's mobile and cloud inventory management capabilities and client base.
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November 29, 2022
- Buyer
- Estancia Capital Partners
- Target
- InvestorCOM
- Industry
- Software
- Location
- Ontario, Canada
- Type
- Growth capital
Estancia Capital Partners completed a strategic growth investment in InvestorCOM, a Toronto-based provider of regulatory compliance software and tech-enabled solutions for the asset and wealth management industry. The capital will be used to accelerate InvestorCOM’s product development, distribution and geographic expansion across North America and globally while management remains in place.
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November 29, 2022
- Buyer
- Bestpass, Inc.
- Target
- ExpressTruckTax
- Seller
- SPAN Enterprises
- Industry
- Software
- Location
- South Carolina, United States
- Type
- Buyout
Bestpass, a toll-management and payments platform for commercial fleets, acquired ExpressTruckTax, the leading Heavy Vehicle Use Tax (HVUT) e-filing platform, from SPAN Enterprises. The acquisition adds Form 2290 e‑filing and payments capability to Bestpass’s fleet payments offering and expands its compliance services for owner-operators and fleets.
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November 28, 2022
- Buyer
- Simfoni
- Target
- Xeeva
- Industry
- Software
- Location
- Michigan, United States
- Type
- Buyout
Simfoni has acquired Michigan-based Xeeva, a provider of AI-powered indirect spend management and procurement solutions, to expand its capabilities in tail-spend management, spend analytics, eSourcing and payments automation. The deal strengthens Simfoni's composable procurement offering and aims to accelerate growth, scale operational infrastructure, and deliver expanded technology options and service levels for both companies' customers.
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November 22, 2022
- Buyer
- Staytuned
- Target
- Tabarnapp
- Seller
- Derek Morin, Bogdan Nicolae Radu
- Industry
- Software
- Location
- Quebec, Canada
- Type
- Buyout
Staytuned, a Shopify-focused software operator, has acquired Tabarnapp, a suite of Shopify apps that increase merchant revenue through discounts, upsells and cross-sells. The Tabarnapp founders have agreed to work with Staytuned on product development as the apps are integrated into Staytuned’s portfolio of ecommerce tools.
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November 21, 2022
GlobalLogic, a Hitachi Group company, signed a definitive agreement to acquire Fortech, a digital engineering software services firm headquartered in Romania. The acquisition is intended to strengthen GlobalLogic’s European presence and expand access to Romania’s talent and blue-chip client base, with Fortech to continue operating as a wholly owned subsidiary.
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November 16, 2022
- Buyer
- IgniteTech
- Target
- AnswerHub, Inc.
- Seller
- AnswerHub, Inc.
- Industry
- Software
- Location
- North Carolina, United States
- Type
- Addon
IgniteTech has completed an asset acquisition of AnswerHub, Inc., a knowledge-management and developer community platform. The acquisition will add AnswerHub's Q&A, knowledge base and community capabilities to IgniteTech's enterprise software portfolio and make the product available through IgniteTech's 'Unlimited' subscription program.
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November 16, 2022
Regnology has acquired b.fine, a Belgian RegTech firm, to strengthen its last-mile regulatory reporting capabilities and accelerate pan‑European market coverage. b.fine (founded 2017) has nearly 50 employees and serves 30+ institutional clients across banks, insurance companies and investment firms with a cloud-enabled regulatory reporting platform.
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November 16, 2022
- Buyer
- Lam Research Corporation
- Target
- Esgee Technologies, Inc.
- Industry
- Software
- Location
- Texas, United States
- Type
- Buyout
Lam Research Corporation acquired Esgee Technologies, a developer of high-fidelity multiphysics plasma simulation software (VizGlow). The deal, announced as closed on November 16, 2022, was advised by Reynolds Advisory Partners and closed for undisclosed financial terms; the acquisition expands Lam's capabilities for semiconductor process modeling and equipment optimization.
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November 15, 2022
- Buyer
- Dura Software
- Target
- Revegy
- Industry
- Software
- Location
- Texas, United States
- Type
- Buyout
Dura Software, a San Antonio-based acquirer of hyper-niche software businesses, has acquired Revegy, a sales optimization and enablement software provider. The deal brings Revegy into Dura's portfolio to expand its B2B enablement offerings and accelerate product and market growth under leadership from Ruben Castaño (6Connex).
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November 15, 2022
- Buyer
- Lometa Capital Fund LP (Lometa Capital Partners), Management and certain outside investors
- Target
- Upper Hand, Inc.
- Industry
- Software
- Location
- Indiana, United States
- Type
- Growth capital
Lometa Capital Partners' Lometa Capital Fund LP made a growth investment in Upper Hand, Inc., a subscription-based sports management software company headquartered in Indianapolis, Indiana. The minority/growth capital will be used to support Upper Hand's go-to-market expansion and product growth initiatives to accelerate growth across sports training facilities and franchisors.
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November 14, 2022
- Buyer
- Centric Software
- Target
- StyleSage
- Industry
- Software
- Location
- New York, United States
- Type
- Buyout
Centric Software, a Dassault Systèmes subsidiary and provider of product lifecycle management and retail planning solutions, has acquired StyleSage, an AI-powered competitive benchmarking and pricing analytics provider. The acquisition integrates StyleSage’s assortment, pricing and image-based product-matching capabilities into Centric’s PLM and planning suite to give brands and retailers faster, market-driven decisioning and pricing intelligence.
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November 10, 2022
- Buyer
- MBS Highway, Integrity Growth Partners (IGP)
- Target
- ListReports, Inc.
- Industry
- Software
- Location
- California, United States
- Type
- Addon
MBS Highway, a mortgage technology and market intelligence provider backed by Integrity Growth Partners, has acquired ListReports, a real‑estate data insights and marketing platform. The deal positions MBS Highway (now operating under the parent brand Highway alongside ListReports and Certified Mortgage Advisor) to expand its product suite and deliver enhanced marketing, automation and data capabilities to mortgage and real estate professionals.
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November 10, 2022
- Buyer
- Bregal Unternehmerkapital Funds, Elvaston Capital Management
- Target
- GUS Group, Iptor, SHD, PDV
- Industry
- Software
- Location
- Bavaria, Germany
- Type
- Addon
Bregal Unternehmerkapital (with support from Elvaston) has consolidated four portfolio enterprise software companies—GUS, Iptor, SHD and PDV—under the newly formed GSG GENII Software Group to create a pan‑European mid‑market ERP/industry‑specific software platform. The group brings together industry-specific software, implementation and managed services across the DACH region and Northern Europe to accelerate SaaS rollouts, drive organic growth and pursue further strategic add‑ons.
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November 10, 2022
- Buyer
- Urbint
- Target
- iRestore
- Industry
- Software
- Location
- Massachusetts, United States
- Type
- Buyout
Urbint acquired iRestore, a no-code mobile workforce management platform for energy utilities, to integrate field mobile applications with its AI-driven incident prevention platform. The acquisition aims to improve adoption of Urbint's predictive insights in the field and scale end-to-end risk reduction for critical infrastructure operators.
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November 10, 2022
- Buyer
- SP Plus Corporation
- Target
- DIVRT, Inc.
- Seller
- DIVRT, Inc.
- Industry
- Software
- Location
- Karnataka, India
- Type
- Buyout
SP Plus Corporation (SP+) acquired certain assets, all intellectual property, and a team of more than 20 engineers from DIVRT, Inc., a provider of cloud- and IoT-based frictionless parking technology. The acquisition brings DIVRT’s IP and a Bengaluru-based technology team into SP+ to strengthen its frictionless SaaS offerings and establish a technology innovation lab in India.
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November 9, 2022
- Buyer
- Barcodes Group
- Target
- MSA Systems, Inc.
- Industry
- Software
- Location
- California, United States
- Type
- Buyout
Barcodes Group has acquired MSA Systems, Inc., a San Jose–based provider of AIDC hardware, warehouse management software (QStock), and technical services. The deal brings MSA’s QStock inventory/WMS product, integration capabilities, and engineering/support staff into Barcodes Group’s unified mobility and data-capture platform to expand its warehouse management and services offerings.
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November 8, 2022
Gravyty has acquired Fabrik, a London-based alumni engagement technology provider, and will integrate Fabrik and its clients into the Graduway from Gravyty solution to expand its UK market leadership. The acquisition is intended to strengthen Gravyty's Engagement + Fundraising Suite by adding Fabrik's alumni, mentoring and fundraising capabilities and expanding its customer base across schools, colleges, universities and nonprofits.
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November 7, 2022
- Buyer
- Radian Generation, 424 Capital
- Target
- Cooper Compliance
- Industry
- Software
- Location
- California, United States
- Type
- Addon
Radian Generation has acquired Cooper Compliance (Folsom Lake, CA), adding the Global Audit Ready database-driven NERC compliance software and a specialist compliance team to its renewable energy asset management offerings. The transaction — executed with backing from growth partner 424 Capital — expands Radian's NERC-managed compliance and cybersecurity capabilities as an add-on to its platform.
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- Buyer
- Ontra
- Target
- Captain
- Seller
- Captain
- Industry
- Software
- Location
- United States
- Type
- Divestiture
Ontra has acquired the material assets of Captain, an alternative investment software provider, to expand its private-markets legal operating system. The deal will accelerate Ontra’s MFN election portal and broaden its fund lifecycle management capabilities; financial terms were not disclosed.
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November 7, 2022
- Buyer
- AcheronTrading
- Target
- HedgeTech LLC
- Industry
- Software
- Location
- Massachusetts, United States
- Type
- Buyout
AcheronTrading has acquired HedgeTech LLC, a Boston-based algorithmic market-making technology platform founded in 2018. The deal adds HedgeTech’s exchange integrations, low-latency infrastructure, and trading algorithms to AcheronTrading’s digital-asset market-making operations; financial terms were not disclosed.
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November 7, 2022
- Buyer
- OutSystems
- Target
- Ionic
- Industry
- Software
- Location
- Wisconsin, United States
- Type
- Buyout
OutSystems has acquired Ionic to combine Ionic’s widely used open-source mobile and web development tools with OutSystems’ high-performance low-code platform. The deal is intended to expand OutSystems’ developer-focused capabilities and deliver more options for enterprise teams building mobile and desktop applications.
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November 7, 2022
- Buyer
- WonderFi Technologies Inc.
- Target
- Blockchain Foundry Inc.
- Seller
- Shareholders of Blockchain Foundry Inc.
- Industry
- Software
- Location
- Ontario, Canada
- Type
- Buyout
WonderFi Technologies Inc. completed its acquisition of Blockchain Foundry Inc., a Toronto-based blockchain development firm, in an all‑share arrangement. The transaction brings BCF's blockchain, NFT and Web3 products (including LastKnown and Metacademy) and consulting capabilities into WonderFi's ecosystem to accelerate Web3 product scale and capability expansion.
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November 7, 2022
- Buyer
- Klaviyo
- Target
- Napkin.io
- Industry
- Software
- Location
- New York, United States
- Type
- Buyout
Klaviyo, the Boston-based customer data and marketing platform, has acquired Napkin.io, a browser-based developer platform for writing and deploying code. Napkin.io founder Nick Sypteras will join Klaviyo to help expand the company's developer experience and API capabilities as Klaviyo continues to open its platform to third-party developers.
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November 7, 2022
- Buyer
- MeridianLink, Inc.
- Target
- OpenClose
- Industry
- Software
- Location
- Florida, United States
- Type
- Buyout
MeridianLink, Inc. (NYSE: MLNK) has completed the acquisition of OpenClose, a fintech provider of residential mortgage loan origination, POS and pricing engine software. The deal combines MeridianLink's cloud lending capabilities with OpenClose's POS/LOS/PPE solutions to expand product capabilities and deliver a broader omnichannel mortgage platform to banks, credit unions and mortgage lenders.
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November 7, 2022
- Buyer
- Volaris Group, Constellation Software Inc.
- Target
- Equiplano
- Industry
- Software
- Location
- Paraná, Brazil
- Type
- Buyout
Volaris Group, an operating group of Constellation Software Inc., has acquired Equiplano, a Curitiba-based provider of public administration software serving municipalities in Paraná, Brazil. Equiplano will continue operating as an independent business unit within Volaris as the buyer expands its footprint in Brazil's public sector vertical.
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November 7, 2022
- Buyer
- Penguin Solutions (Penguin Computing / SGH)
- Target
- Colorado Code Craft
- Seller
- Colorado Code Craft
- Industry
- Software
- Location
- Colorado, United States
- Type
- Divestiture
Penguin Solutions' Penguin Computing group acquired all software and intellectual property assets of Colorado Code Craft and brought Colorado Code Craft employees into the Penguin Computing team. The asset purchase expands Penguin's remote-visualization, remote desktop and application-streaming capabilities for its Scyld Cloud Workstation and Scyld Cloud Central offerings, extending availability across cloud and on-premises HPC/AI environments.
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November 7, 2022
Unity and ironSource merged via an all-stock definitive agreement under which ironSource merged into a wholly owned subsidiary of Unity. The transaction creates an end-to-end platform for mobile app creators to create, run, monetize, and grow live games and real-time 3D content.
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November 3, 2022
- Buyer
- Knights of Degen
- Target
- LeagueDAO
- Industry
- Software
- Location
- California, United States
- Type
- Buyout
Knights of Degen has agreed to acquire blockchain-based fantasy sports provider LeagueDAO. The deal brings LeagueDAO's apps and team into the KOD ecosystem to accelerate on-chain fantasy sports offerings for Knights of Degen's Web3 sports community; financial terms were not disclosed.
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November 2, 2022
- Buyer
- Bitcoin Depot (Lux Vending, LLC)
- Target
- Bitaccess Inc.
- Industry
- Software
- Location
- Ontario, Canada
- Type
- Buyout
Bitcoin Depot (Lux Vending, LLC) acquired a majority equity interest in Bitaccess Inc., a Toronto/Ottawa-based provider of Bitcoin ATM operating software. The deal gives Bitcoin Depot control of Bitaccess' software and infrastructure to expand BDCheckout, kiosk management, transaction processing and compliance capabilities, representing a vertical integration and capability expansion within the BTM ecosystem.
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