Software Acquisitions in 2024

DealBuilder announced a merger with Deal Studio to form an integrated CRM and deal management platform for business brokers. The combined offering will blend DealBuilder’s AI capabilities with Deal Studio’s long-standing broker software tools and continue under the Deal Studio platform brand.

Private equity-backed Routeware acquired Wastech, the holding company for the recently spun-off digital fleet management businesses Rubicon Smart City and Rubicon Pro. The acquisition expands Routeware’s software and optimization offerings for municipal and private waste-hauling fleets, supporting its goal of providing end-to-end fleet services for the circular economy. Rodina Capital will remain involved as a minority investor following the transaction.

Pole to Win (PTW) has acquired Florida-based game developer Ghostpunch Games for $13 million in an all-cash deal expected to close in early September. PTW said the acquisition will expand its co-development services and enable Ghostpunch to offer new AI-based QA automation offerings.

MDpanel acquired Burkitt Computer Corporation (BCC), a Canadian provider of IME case and claims management software best known for its W5 platform. The acquisition is intended to enhance MDpanel’s technology stack, expand geographic reach, and support a broader marketplace for IME and medical opinion companies.

Linked Eats, the newly launched restaurant software arm of Virtual Dining Concepts (VDC), has acquired Sauce Technologies, an AI-powered digital ordering and dynamic pricing solution. The deal adds Sauce’s delivery-centric dynamic pricing, revenue management, and marketing automation capabilities to Linked Eats’ platform and will be rolled out across VDC’s network of digital restaurants and virtual brands.

ECI Software Solutions has completed its acquisition of ProfitKey International LLC, an ERP platform for discrete manufacturers. The deal strengthens ECI’s manufacturing software portfolio and brings ProfitKey’s team into ECI’s Manufacturing division. Financial terms were not disclosed.

Renesas Electronics Corporation completed its acquisition of Altium Limited, making Altium a wholly owned subsidiary of Renesas. The deal was executed via a Scheme of Arrangement under Australian law, with Renesas (through its subsidiary Renesas Electronics NSW Pty Ltd) acquiring all outstanding Altium shares for A$68.50 per share, valuing Altium at approximately A$9.1 billion.

In August 2021, RFPIO (now known as Responsive) completed its acquisition of RFP360, expanding its capabilities across the full RFP lifecycle. The deal strengthens RFPIO’s strategic response management and adds a strategic sourcing solution, broadening its product offering and user base. K1 Investment Management, RFPIO’s institutional investor, participated alongside the company to help finance the acquisition.

Market intelligence platform Lighthouse has acquired HQ revenue, a Berlin-based market data specialist. Financial terms were not disclosed, and the companies said the deal will accelerate investment and innovation for customers as Lighthouse continues building a next-generation commercial platform for hospitality businesses.

Urbint acquired WRM Software, a utility incident management and storm response software company. The deal expands Urbint’s AI-driven operational risk mitigation platform into storm response capabilities for energy and critical infrastructure customers. WRM Software will operate as a wholly-owned subsidiary of Urbint.

Confience, a modern LIMS platform backed by STG, announced the acquisition of Computing Solutions, Inc. (CSI), maker of the LabSoft LIMS product. The deal expands Confience’s capabilities and market reach in laboratory informatics, with a particular focus on the chemical and food & beverage industries.

Epicor acquired Kyklo to expand its enterprise software capabilities with product information management (PIM) and content-driven lead generation solutions. The deal adds Kyklo’s tools to Epicor’s industry-specific software to help customers improve digital product discovery, manage and deploy product content across channels, and generate more sales-qualified leads.

Blackstone Growth and affiliated funds entered into a definitive agreement to acquire a majority stake in Priority Software, an Israel-based provider of mission-critical ERP and business management software. Existing investors TA Associates and Fortissimo Capital will roll their stakes, and the investment is intended to support Priority Software’s continued growth across industries and geographies.

Trimble acquired payments and compliance startup Flashtract to expand its electronic management capabilities for contractors, including payment applications, lien waivers, and billing/compliance documentation. Flashtract has been rebranded as Trimble Pay and will initially integrate with Trimble Viewpoint Vista, with plans to join the Trimble Construction One software suite later in the year. Deal terms were not disclosed.

Teamcore, a retail execution technology platform backed by Accel-KKR, has closed the acquisition of Grupo BIT, a Colombian business intelligence provider focused on traditional retail channels. The deal expands Teamcore’s footprint in Colombia and strengthens its ability to offer unified end-to-end retail visibility across modern and traditional channels in Latin America.

gWorks acquired Freedom Systems, a software provider serving small local governments in Pennsylvania. The deal, effective March 27, 2024, expands gWorks’ local-government software capabilities and customer base, and continues gWorks’ acquisition strategy supported by BV Investment Partners.

Accor’s hotel technology subsidiary D-Edge has acquired Paris-based LoungeUp to expand D-Edge’s suite of hotel technology products. LoungeUp provides a hotel CRM platform focused on guest communication, online check-in/check-out, and upselling. Financial terms were not disclosed.

Spring Capital announced the sale of its portfolio company Catenda to private equity firm GRO, with Spring Capital selling all of its shares. Catenda provides BIM and common data environment (CDE) construction project software, including Catenda Hub & Site and Catenda Duo for digital twin operations management.

An affiliate of Partner One entered into an asset purchase agreement to acquire substantially all assets related to SeaChange International’s product and services business and assume certain liabilities. The transaction price is $30 million (less SeaChange’s cash and cash equivalents at closing) and is expected to close in the first quarter of SeaChange’s fiscal year 2025, subject to shareholder approval and other conditions.

Totango and Catalyst announced a merger to combine their customer success and customer growth platforms into a unified product for post-sale revenue and customer-led growth. The combined organization will be backed by Great Hill Partners and led by co-CEOs Alistair Rennie (Totango) and Edward Chiu (Catalyst).

CAI Software, LLC, a portfolio company of STG, acquired Maritech AS, a cloud-based ERP provider serving the seafood and logistics industries across Europe and North America. The combination expands CAI’s ERP capabilities for seafood processors and distributors across functions including purchasing, processing, sales, traceability, logistics, and reporting. Broodstock will continue as an investor in the combined company.

Perforce Software, backed by Francisco Partners and Clearlake Capital Group, has signed a definitive agreement to acquire Delphix. Delphix provides enterprise test data management software focused on data automation, governance, compliance, and capabilities such as data virtualization and data masking. Financial terms were not disclosed, and the deal is expected to close in the second quarter of 2024 subject to customary conditions.

Music Reports, Inc. acquired Blokur, a London-based music licensing and data platform. The combination is intended to expand Music Reports’ music rights administration capabilities by integrating Blokur’s metadata matching and rights identification technology to improve matching, registrations, reporting, and tools for rightsholders.