Software Acquisitions in 2025
Acquisition Volume in Software in 2025 by Year
Last 5 years
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December 31, 2025
- Buyer
- BigBear.ai
- Target
- Ask Sage, Inc.
- Industry
- Software
- Location
- Virginia, United States
- Type
- Buyout
BigBear.ai completed the acquisition of Ask Sage, a secure generative AI platform for defense and regulated environments, for $250 million in cash. The deal expands BigBear.ai's mission-ready AI portfolio by adding Ask Sage's secure generative AI workflows and agentic capabilities for government and regulated commercial customers.
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December 31, 2025
- Buyer
- Qvantel Oy
- Target
- Optiva Inc.
- Seller
- Optiva shareholders, Holders of Optiva 9.75% senior secured PIK notes (Noteholders)
- Industry
- Software
- Location
- Ontario, Canada
- Type
- Buyout
Qvantel Oy completed its acquisition of Optiva Inc. via a statutory plan of arrangement, acquiring all issued and outstanding common shares of Optiva. The transaction paid Optiva shareholders C$0.25 per common share, cancelled Optiva's US$108.6 million PIK notes with consideration to noteholders (including purchaser shares, purchaser-issued senior secured notes and warrants), and will result in Optiva being dissolved and delisted from the Toronto Stock Exchange. The combined company expands Qvantel's telecom monetization and digital operations portfolio and supports more than 70 operators with a global workforce exceeding 1,000 professionals.
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December 30, 2025
- Buyer
- Cvent
- Target
- ON24
- Seller
- ON24 shareholders
- Industry
- Software
- Location
- California, United States
- Type
- Buyout
ON24 entered into a definitive agreement to be acquired by Cvent in an all-cash transaction valued at approximately $400 million. The deal is expected to close in the first half of 2026, subject to ON24 stockholder approval and regulatory approvals.
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December 23, 2025
Prometheus Group has acquired NiSoft, a provider of digital safety management and permit-to-work software, to strengthen its environmental health and safety (EHS) and digital permitting capabilities. The acquisition expands Prometheus Group's safety and permitting offering for energy, utilities, oil & gas and other asset-intensive industries; financial terms were not disclosed.
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December 23, 2025
- Buyer
- ClickUp
- Target
- Codegen
- Industry
- Software
- Location
- California, United States
- Type
- Buyout
ClickUp has acquired Codegen, an AI-powered code generation and agentic AI platform, bringing Codegen's technology and team into ClickUp to accelerate development of its Super Agents. The deal integrates Codegen founder Jay Hack into ClickUp as Head of AI and aims to expand ClickUp's AI capabilities for autonomous, enterprise-grade workflow and software generation.
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December 22, 2025
- Buyer
- Olo
- Target
- Spendgo
- Industry
- Software
- Location
- California, United States
- Type
- Buyout
Olo has completed the acquisition of Spendgo, a loyalty and guest engagement platform, to integrate loyalty capabilities into Olo's restaurant technology suite. Spendgo's leadership will join Olo and the combined offering will enable unified guest profiles, deeper personalization, and expanded loyalty functionality for restaurant brands.
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December 21, 2025
- Buyer
- Permira, Warburg Pincus, Temasek, Francisco Partners
- Target
- Clearwater Analytics
- Industry
- Software
- Location
- Idaho, United States
- Type
- Buyout
Clearwater Analytics has entered into a definitive agreement to be acquired in an all-cash transaction valued at approximately $8.4 billion by an investor group led by Permira and Warburg Pincus, with participation from Temasek and support from Francisco Partners. Under the terms, Clearwater Analytics stockholders will receive $24.55 per share in cash at closing, and the company is expected to become privately held.
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December 18, 2025
- Buyer
- Filevine
- Target
- Pincites
- Industry
- Software
- Location
- California, United States
- Type
- Buyout
Filevine has acquired Pincites, an AI-powered contract drafting and redlining tool built natively for Microsoft Word, bringing the full Pincites team into Filevine to create "LOIS for Word." The acquisition expands Filevine's Legal Operating Intelligence System (LOIS) into Word-native drafting and redlining capabilities and strengthens its push into corporate/transactional legal workflows.
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December 18, 2025
LawVu has acquired ClauseBase and will rebrand the business as LawVu Draft while launching LawVu Lens, an AI-powered contract analysis engine. The acquisition integrates ClauseBase's intelligent contract drafting and automation capabilities into LawVu's legal workspace to accelerate product development and expand contract drafting and review features for in-house legal teams.
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December 18, 2025
- Buyer
- Regnology, Nordic Capital
- Target
- Moody's Regulatory Reporting & ALM Solutions
- Seller
- Moody's
- Industry
- Software
- Location
- Germany
- Type
- Addon
Regnology, backed by Nordic Capital, signed an exclusive agreement to acquire Moody's Regulatory Reporting & ALM Solutions business. The acquired capabilities include products for Basel III compliance, IFRS 9 impairment accounting, large bank asset-liability management (ALM), Solvency II insurance reporting, and prudential and statistical regulatory reporting across more than 50 jurisdictions.
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December 17, 2025
Basware, a global leader in invoice lifecycle management, has acquired Redmap, an Australian accounts payable (AP) automation software provider. The acquisition expands Basware's AP capabilities in the APAC region and gives Redmap access to Basware's AI-driven platform and global resources to scale its solutions for middle-market and enterprise customers.
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December 17, 2025
- Buyer
- a360inc
- Target
- Notary Hub
- Industry
- Software
- Location
- Washington, United States
- Type
- Buyout
a360inc has acquired Notary Hub, a digital notarization and signing platform, to expand its digital signing and remote online notarization capabilities and integrate the technology into its CloseClear notary management platform. Notary Hub will continue operating while its technology and vendor network are folded into a360inc's offerings, enhancing automation, document controls, and signing capabilities for clients across title, legal, lending, and professional services markets.
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December 16, 2025
- Buyer
- WIN Reality
- Target
- Yakkertech
- Industry
- Software
- Location
- Arizona, United States
- Type
- Buyout
WIN Reality has acquired Yakkertech and launched SmartPark, a connected-field system that uses Yakkertech's optical pitch-tracking technology to capture 125+ live performance metrics for baseball and softball. The integration powers real-time analytics, officiating tools, and development workflows, with more than 2,500 SmartParks committed for installation beginning in 2026.
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December 16, 2025
- Buyer
- Prometheus Group
- Target
- Actenum Corporation
- Industry
- Software
- Location
- British Columbia, Canada
- Type
- Buyout
Prometheus Group has acquired Actenum Corporation to integrate Actenum’s AI-powered Decision Support and Optimization scheduling technology into Prometheus’s enterprise asset management platform. The acquisition, which adds advanced AI scheduling and scenario-planning capabilities for asset-intensive industries, is intended to expand Prometheus’s operational AI capabilities across oil & gas, utilities, mining, and manufacturing; financial terms were not disclosed.
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December 16, 2025
- Target
- Ontraport
- Seller
- Boathouse Capital
- Industry
- Software
- Location
- California, United States
- Type
- Divestiture
Boathouse Capital announced it has realized (exited) its investment in Ontraport, a marketing automation, sales, and CRM software provider for small and medium businesses. Boathouse partnered with Ontraport founder and CEO Landon Ray during a period of growth and profitability; the firm said the exit represents a successful realization from its third fund.
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December 15, 2025
- Buyer
- CentralSquare Technologies
- Target
- FirstTwo
- Industry
- Software
- Location
- California, United States
- Type
- Buyout
CentralSquare Technologies has acquired FirstTwo, a Tiburon-based provider of real-time, map-based situational intelligence for first responders. The acquisition will integrate FirstTwo's location-based intelligence into CentralSquare's cloud-based Public Safety Suite and AI capabilities to deliver enhanced, vendor-agnostic situational awareness to public safety agencies.
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December 15, 2025
- Buyer
- NVIDIA
- Target
- SchedMD
- Industry
- Software
- Location
- Utah, United States
- Type
- Buyout
NVIDIA has acquired SchedMD, the developer and maintainer of the open-source Slurm workload manager used widely in high-performance computing (HPC) and AI. NVIDIA says Slurm will remain open-source and that the acquisition will accelerate Slurm development, expand integration with NVIDIA accelerated hardware, and broaden support for HPC and AI customers.
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- Buyer
- SmartCraft Group AB (publ)
- Target
- SmartCraft ASA, SmartCraft Group AB (publ)
- Industry
- Software
- Location
- Norway
- Type
- Buyout
SmartCraft ASA and its Swedish wholly owned subsidiary, SmartCraft Group AB (publ), executed a cross-border merger to effect SmartCraft’s relisting from Euronext Oslo Børs to Nasdaq Stockholm. Anabranch Capital Management, LP—holding about 15.9 million SmartCraft shares—intended to vote in favor of the merger plan for the relisting at an extraordinary general meeting.
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December 11, 2025
- Buyer
- Teal
- Target
- Ramped
- Industry
- Software
- Location
- California, United States
- Type
- Buyout
Teal, the career development and job search platform, has acquired Ramped, an AI-powered automation platform that automates job applications and tailors resumes and cover letters. The acquisition will integrate Ramped’s Autopilot application automation into Teal’s suite to deepen end-to-end job search capabilities; terms were not disclosed.
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December 11, 2025
- Buyer
- GSG GENII Software Group GmbH
- Target
- Jarosch & Haas GmbH
- Industry
- Software
- Location
- Vienna, Austria
- Type
- Addon
GENII Software Group (GSG GENII) has acquired Jarosch & Haas GmbH, a family-run provider of software solutions for public transport. The deal expands GENII's public-sector and public-transport capabilities and strengthens its presence in the European mobility market.
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December 10, 2025
- Buyer
- Univerus Media Inc., Univerus Software, Inc.
- Target
- Capital Networks Limited
- Industry
- Software
- Location
- Ontario, Canada
- Type
- Buyout
Univerus Media Inc., a subsidiary of Univerus Software, acquired Capital Networks Limited, a Toronto-based digital signage software company. The transaction closed on December 10, 2025 and expands Univerus's digital signage and media-content capabilities across hospitality, healthcare, education and corporate markets.
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December 10, 2025
Azul has acquired Payara, a provider of enterprise-grade Jakarta EE (Java EE) application server solutions, to expand its open-source Java platform and accelerate go-to-market capabilities. The deal adds Payara's engineering expertise and application-server products to Azul's Java portfolio, broadening its reach across enterprise Java customers.
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December 9, 2025
- Buyer
- ECI Software Solutions
- Target
- Amper Technologies
- Industry
- Software
- Location
- Illinois, United States
- Type
- Buyout
ECI Software Solutions has acquired Amper Technologies, a Chicago-based maker of the FactoryOS manufacturing execution system (MES). The deal integrates Amper's AI-driven shop-floor visibility and predictive capabilities into ECI's cloud-based ERP and industry-specific software suite to deliver end-to-end planning-to-execution workflows for small and mid-sized manufacturers.
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December 9, 2025
- Buyer
- Polaris Software, August Equity
- Target
- Sitestream
- Industry
- Software
- Location
- Massachusetts, United States
- Type
- Addon
UK-based Polaris Software, backed by private equity firm August Equity, has acquired Massachusetts-based Sitestream, a provider of automated traffic enforcement and municipal compliance software. The deal is an add-on to Polaris’ growing portfolio and is intended to accelerate the company’s expansion into the U.S. public sector market and broaden its municipal compliance and road-safety offerings.
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December 9, 2025
- Buyer
- Shore Rock Partners, Carlson Private Capital Partners, BellTower Partners
- Target
- AMAG Technology
- Seller
- Allied Universal
- Industry
- Software
- Location
- California, United States
- Type
- Buyout
Shore Rock Partners acquired a controlling stake in AMAG Technology, a Hawthorne, California–based provider of physical access control, identity and video management solutions, in a deal completed with co-investment and support from Carlson Private Capital Partners and BellTower Partners. Allied Universal retains a significant minority interest and AMAG’s management will continue leading the business as the new ownership group supports increased product investment and growth focused on mission-critical end markets such as data centers, healthcare, and education.
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December 9, 2025
- Buyer
- Facilitron
- Target
- Management and Communication Consultants (MC²)
- Industry
- Software
- Location
- United States
- Type
- Buyout
Facilitron has acquired Management and Communication Consultants (MC²), a long-standing facilities software and consulting firm serving school districts, to integrate MC²’s customers and capabilities into its Facilitron Works maintenance and asset lifecycle management platform. The deal expands Facilitron’s footprint in K‑12 facilities governance and brings deferred‑maintenance planning and consulting expertise into its unified system of record.
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December 7, 2025
- Buyer
- Anthropic
- Target
- Bun
- Industry
- Software
- Location
- California, United States
- Type
- Buyout
Anthropic has acquired Bun, the high-performance JavaScript runtime founded by Jarred Sumner, to deepen integration with its Claude Code developer platform. The Bun codebase will remain open source under the MIT license while Anthropic plans to invest in Bun’s capabilities to improve Claude Code performance and developer workflows after Claude Code reached a $1 billion run-rate.
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December 4, 2025
- Buyer
- HR Path
- Target
- Blueprint HR Software
- Seller
- Blueprint Technologies
- Industry
- Software
- Location
- Karnataka, India
- Type
- Divestiture
HR Path has acquired Blueprint HR Software, the HR technology subsidiary of India-based Blueprint Technologies, in a divestiture that expands HR Path’s presence and capabilities across India, the Middle East and APAC. The deal adds expertise in SAP SuccessFactors, Concur and UKG to HR Path’s HRIS offerings while Blueprint Technologies will continue to operate independently and focus on its core ERP services.
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December 4, 2025
- Buyer
- DocLib
- Target
- Broom Street Software
- Industry
- Software
- Location
- Delaware, United States
- Type
- Buyout
DocLib, a Wilmington, Delaware–based provider of ERP-integrated accounts payable automation, has acquired Broom Street Software, a long-standing QAD-focused software and services provider. The deal broadens DocLib’s procure-to-pay and supplier collaboration capabilities—adding Broom Street’s Supplier Portal and Purchasing Desk—and strengthens its position in the QAD ecosystem while preserving continuity for existing customers.
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December 4, 2025
- Buyer
- Datacor, Inc.
- Target
- VDISoft, Inc.
- Industry
- Software
- Location
- Florida, United States
- Type
- Buyout
Datacor, Inc., a provider of process manufacturing and chemical distribution software, has acquired VDISoft, a developer of configurable quality-control (QC) software for laboratory and production environments. The acquisition expands Datacor’s quality and laboratory capabilities—complementing earlier additions such as Baytek International—and strengthens its tools for accuracy, compliance, and data-driven quality management across oil & gas, chemical, and other process industries.
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December 3, 2025
- Buyer
- RiskConcile, Main Capital Partners
- Target
- B4Finance
- Industry
- Software
- Location
- Île-de-France, France
- Type
- Addon
Belgian regtech software provider RiskConcile has acquired Paris-based B4Finance, a developer of digital investor onboarding and fund subscription software. The deal is the second add-on in RiskConcile’s buy-and-build strategy since partnering with Main Capital Partners and expands RiskConcile's onboarding, KYC/AML and subscription capabilities while strengthening its presence in France.
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December 2, 2025
- Buyer
- Quickbase
- Target
- Juiced Technologies
- Industry
- Software
- Location
- New York, United States
- Type
- Buyout
Quickbase has acquired Juiced Technologies, a long-standing partner that develops and hosts advanced Quickbase add-ons. The acquisition brings Juiced's document formatting, e-signature, geomapping and email-to-text capabilities into Quickbase to extend native platform functionality and simplify customers' tech stacks.
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December 1, 2025
- Buyer
- Banyan Software, Inc.
- Target
- Harrier-National (Sales) Pty. Limited
- Industry
- Software
- Location
- New South Wales, Australia
- Type
- Addon
Banyan Software has acquired Harrier-National (Sales) Pty. Limited, a Sydney-based provider of the Ignition cloud platform for warranty, roadside assistance, and customer retention used by automotive dealerships. The deal brings Harrier's software (serving 640+ dealership rooftops across Australia and New Zealand) into Banyan's portfolio to support growth and continued product development in the region.
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November 26, 2025
- Buyer
- Glory Global Solutions (International) Ltd, GLORY Ltd
- Target
- Acrelec Group SAS
- Industry
- Software
- Location
- France
- Type
- Buyout
GLORY Ltd, via its subsidiary Glory Global Solutions (International) Ltd, acquired the remaining equity in Acrelec Group SAS, making Acrelec a wholly owned subsidiary. The deal brings Acrelec’s restaurant and retail customer-experience software, hardware and services fully into the Glory group to accelerate growth in the food & beverage and retail markets.
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November 20, 2025
- Buyer
- uStudio
- Target
- WorkPerfectly
- Industry
- Software
- Location
- Delaware, United States
- Type
- Buyout
uStudio, the enterprise streaming and media platform, has acquired WorkPerfectly, a provider of private podcasting tools for workforce productivity. The deal brings private-podcast and AI-driven audio capabilities into uStudio's platform and appoints WorkPerfectly founder Molly Beck as Head of Marketing at uStudio.
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November 20, 2025
- Buyer
- Solid Sands B.V.
- Target
- Plum Hall Inc.
- Industry
- Software
- Location
- Hawaii, United States
- Type
- Buyout
Amsterdam-based Solid Sands B.V. has acquired the technology and test suites of Plum Hall Inc., a long-standing supplier of C/C++ compiler test suites. The acquisition expands Solid Sands' product portfolio and market share in compiler and library validation while ensuring continued support and development of the Plum Hall suites for customers and compiler developers.
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November 19, 2025
- Buyer
- Frontier Growth
- Target
- Sprocket Sports
- Industry
- Software
- Location
- Illinois, United States
- Type
- Growth capital
Frontier Growth has made a strategic growth investment in Sprocket Sports, a Chicago-based provider of an all-in-one software and services platform for youth sports club management. The investment will support Sprocket's product innovation and expansion of support for youth sports organizations, and Frontier Growth partner Tim Bechtold will join Sprocket's board.
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November 19, 2025
- Buyer
- Tyler Technologies, Inc.
- Target
- CloudGavel
- Industry
- Software
- Location
- Louisiana, United States
- Type
- Buyout
Tyler Technologies has acquired CloudGavel, a Baton Rouge-based provider of cloud-native electronic warrant solutions. The acquisition integrates CloudGavel's eWarrant capabilities into Tyler's Courts & Justice division to enhance real-time warrant issuance, tracking, and connectivity between courts and law enforcement agencies.
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November 19, 2025
- Buyer
- Icertis
- Target
- Dioptra
- Industry
- Software
- Location
- New York, United States
- Type
- Buyout
Icertis, the Bellevue-based leader in AI-powered contract intelligence, has acquired Dioptra to deepen its AI capabilities—integrating Dioptra’s surgical redlining and automated playbook technology into the Icertis Contract Intelligence platform (Vera). The Dioptra team will join Icertis’ product and engineering organization to accelerate AI-first contract automation and pre-signature agent capabilities for enterprise legal and procurement teams.
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November 19, 2025
- Buyer
- Adobe
- Target
- Semrush Holdings, Inc.
- Industry
- Software
- Location
- Massachusetts, United States
- Type
- Buyout
Adobe and Semrush Holdings entered into a definitive agreement under which Adobe will acquire Semrush in an all-cash transaction valued at approximately $1.9 billion (=$12.00 per share). The deal is expected to close in the first half of 2026, subject to regulatory approvals and other customary closing conditions, including Semrush stockholder approval.
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November 18, 2025
- Buyer
- Accel-KKR
- Target
- 4human
- Industry
- Software
- Location
- Vestfold og Telemark, Norway
- Type
- Growth capital
4human, a Norwegian provider of cloud-based HRM and quality management (QMS) software, has secured a strategic growth investment from technology-focused investor Accel-KKR. The minority growth capital will support 4human’s product development, customer success initiatives and expansion across the Nordic and broader European markets; terms were not disclosed.
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November 18, 2025
- Buyer
- PCMI
- Target
- StoneEagle Enterprise Solutions Business Unit
- Seller
- StoneEagle
- Industry
- Software
- Location
- Texas, United States
- Type
- Divestiture
PCMI has acquired the Enterprise Solutions Business Unit of StoneEagle, adding administration software systems for contract and claims management to its F&I platform. The deal, following PCMI's investment by Thoma Bravo, is intended to strengthen PCMI's capabilities in the automotive finance & insurance administration space; StoneEagle’s Retail Business Unit will continue to operate independently.
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November 18, 2025
Barcelona-based sports technology company A-Champs has acquired Danish training technology firm Goal Station to integrate Goal Station’s Soccer IQ methodology with A-Champs’ ROX cognitive performance system. The deal creates a unified soccer performance training ecosystem aimed at accelerating global expansion—particularly in the United States—and improving measurable player development through combined hardware, software, and data-driven training programs.
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November 18, 2025
- Buyer
- UJET
- Target
- Spiral
- Industry
- Software
- Location
- Washington, United States
- Type
- Buyout
UJET has acquired Spiral, a conversational analytics and AI company, to accelerate its AI roadmap and add a standalone customer intelligence product to its CCaaS platform. The deal integrates Spiral's conversation- and feedback-analysis capabilities into UJET's AI-first contact center offering while allowing Spiral to continue operating as a standalone product under the name Spiral by UJET.
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November 17, 2025
- Buyer
- Valsoft Corporation Inc.
- Target
- Variphy, Inc.
- Industry
- Software
- Location
- California, United States
- Type
- Buyout
Montreal-based Valsoft Corporation has acquired Variphy, Inc., a California-based provider of unified communications analytics, reporting, and management solutions. Variphy will operate autonomously and join Valsoft's Lighthouse Software Group to accelerate product development and expand its customer reach.
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November 17, 2025
- Buyer
- Intellect
- Target
- Zaptic
- Industry
- Software
- Location
- Greater Manchester, United Kingdom
- Type
- Buyout
Intellect has acquired Manchester-based Zaptic, a Connected Frontline Worker platform, to enhance its AI-powered Quality Management System (QMS) by integrating frontline execution and operational context. The acquisition expands Intellect's capabilities for manufacturers in food & beverage and consumer goods, and strengthens its European presence while introducing Zaptic's technology to Intellect's U.S. customer base.
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November 16, 2025
Postman has acquired liblab, a developer platform that automates generation and maintenance of SDKs, to extend Postman’s API lifecycle capabilities and make automated SDK creation part of its integrated platform. The acquisition will allow Postman to offer SDKs-as-a-service to its large developer base and strengthen its position in the API-first and AI-ready API ecosystems.
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November 16, 2025
- Buyer
- Scorability
- Target
- Ryzer
- Industry
- Software
- Location
- Iowa, United States
- Type
- Buyout
Scorability, a college-recruiting technology company headquartered in Austin, Texas, has acquired Ryzer, the Des Moines-based event registration and management platform for college and youth sports. The deal combines Scorability’s data-driven recruiting and analytics tools with Ryzer’s large events ecosystem to create an integrated platform serving thousands of programs and over a million athletes annually.
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November 14, 2025
Banyan Software has acquired Octopus ITSM, a Montreal-based provider of cloud-based ITSM and CMMS software. Octopus, founded in 2010, serves primarily healthcare and education customers across Canada and France and supports more than 250,000 users; Banyan says it will support the company's growth while preserving founder leadership.
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