Tracked deals
382
382 tracked deals across 2025.
Tracked deals
382
382 tracked deals across 2025.
Buyer mix
Strategic-led
316 strategic · 125 pe
Top trend
Volume peaked in 2021
463 tracked deals announced in 2021.
Buyer Snapshot
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Banyan Software | 11 | Acquirer of enterprise software businesses using permanen... | PE |
| Banyan Software, Inc. | 9 | Acquires, operates and holds mission-critical enterprise ... | PE |
| Volaris Group | 6 | Operating group that acquires, strengthens and grows vert... | Strategic |
| Arcadea Group | 5 | Permanent-cap investor focused on long-duration investmen... | PE |
| Sandvik AB | 5 | Global engineering group offering equipment, tools, servi... | Strategic |
| Banneker Partners | 4 | Private equity firm focused on growth investments in miss... | PE |
| Valsoft Corporation Inc. | 4 | Acquires and develops vertical-market software businesses... | Strategic |
| zvoove | 4 | Provider of software and AI solutions for temporary staff... | Strategic |
| Bending Spoons | 3 | Italian app developer and digital acquirer that builds, a... | Strategic |
| Datacor, Inc. | 3 | Provider of process manufacturing, engineering, and chemi... | Strategic |
Last 10 years
Supporting Data
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.
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.
Cvent completed its acquisition of ON24, an AI-driven intelligent engagement and webinar platform for B2B enterprise sales and marketing. The deal expands Cvent’s event management portfolio by unifying in-person, hybrid, and virtual experiences into a connected Total Event Program and adding ON24’s enterprise-grade webinar and digital engagement capabilities.
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.
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.
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.
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.
Regnology, backed by Nordic Capital, signed an exclusive agreement to acquire Moody's Regulatory Reporting & ALM Solutions business. The acquisition expands Regnology’s regulatory reporting, risk, finance, and large-bank ALM capabilities across more than 50 jurisdictions and is intended to strengthen Regnology’s unified “all-in-one” regulatory and risk platform.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Adobe and Semrush entered into a definitive agreement for Adobe to 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 Semrush stockholder approval.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
BID Equity, a European private equity firm, has acquired Cuseum, a Boston-based provider of visitor and member engagement software for museums, cultural institutions, and universities. Under BID Equity's ownership, Cuseum will accelerate product innovation, expand globally, and continue serving mission-driven organizations with its mobile-first engagement platform.
RF Investment Partners has exited two vertical SaaS investments: NetVendor received a majority investment from Five Arrows (the alternative assets arm of Rothschild & Co), while OffenderWatch secured a significant investment from STG Allegro (part of Symphony Technology Group). The transactions position both businesses for product innovation, geographic expansion, and continued growth under new private equity ownership.
ClickUp has acquired Qatalog, an AI-powered enterprise work hub known for permission-aware enterprise search and AI agents, to accelerate ClickUp's Converged AI Workspace strategy. The deal integrates Qatalog's ActionQuery search technology into ClickUp to provide contextual, permission-aware search and AI-driven workflows for enterprise customers.
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