Tracked deals
182
182 tracked deals across 2026.
Tracked deals
182
182 tracked deals across 2026.
Buyer mix
Strategic-led
143 strategic · 57 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 |
|---|---|---|---|
| Valsoft Corporation | 4 | Acquires and long-term develops vertical market software ... | Strategic |
| Banyan Software | 3 | Acquirer and operator of mission‑critical enterprise soft... | PE |
| Francisco Partners | 3 | Technology-focused global investment firm partnering with... | PE |
| Thoma Bravo | 3 | Private equity firm focused on investing in software and ... | PE |
| Volaris Group | 3 | Vertical market software acquirer within Constellation So... | Strategic |
| Allshares | 2 | Global provider of equity ownership management software a... | Strategic (PE-backed) |
| Aptean | 2 | Enterprise software provider focused on vertical solution... | Strategic |
| Bending Spoons S.p.A. | 2 | Public digital platform/operating company focused on acqu... | Strategic |
| Constellation Software Inc. | 2 | Publicly traded acquirer and operator of vertical market ... | Strategic |
| KatRisk | 2 | Global provider of catastrophe risk models and climate an... | Strategic (PE-backed) |
Last 10 years
Supporting Data
CCC Intelligent Solutions agreed to be acquired by a consortium led by GTCR and including Elliott Investment Management in a $6.1 billion take-private deal. CCC shareholders will receive $7.75 per share in cash, and the transaction is expected to close in the first quarter of 2027.
Recur Software acquired Keystone Public Safety, a provider of dispatch, records-management, and jail-management software for county and municipal public safety agencies. Recur plans to invest in Keystone’s platform and integrate AI capabilities into agencies’ daily workflows while maintaining its reliability and service model.
Agilent Technologies agreed to acquire digital pathology software provider Proscia in an all-cash transaction valued at $240 million at closing, plus up to $30 million tied to future performance milestones. The acquisition is expected to close early in Agilent’s fiscal year 2027 and is intended to expand its pathology software capabilities and support AI-enabled clinical diagnostics and biopharma research.
8 Bridge Group announced a strategic investment and acquisition of a majority stake in 340BIntel, adding the healthcare technology company to its portfolio. The parties plan to expand 340BIntel’s software platform, which helps healthcare providers identify and recover savings under the 340B drug pricing program; financial terms were not disclosed.
Bumble entered into a definitive agreement to be acquired by Ithaca Holdings in an all-cash transaction valuing the company at approximately $1.3 billion, or $6.05 per share. Following closing, Bumble is expected to become privately held, with Ithaca Co-CEOs Ravi Gupta and John Hegeman becoming Bumble’s Co-CEOs and working with founder Whitney Wolfe Herd to develop the business for the next era of dating and friendship services.
Hexagon agreed to acquire Toronto-based geotechnical and engineering software company Rocscience for an enterprise value of approximately $535 million. TA Associates, Rocscience’s founders, and management are selling parties; completion is expected in the fourth quarter of 2026, subject to customary conditions.
Carrot entered into an agreement to acquire GreenMan Vision, the company behind InSightVR, an immersive intraocular lens simulation platform for cataract patients. The acquisition will extend Carrot’s eye-care platform from diagnostics into vision simulation, combining testing, diagnostics, and pre-surgical lens simulation for eye-care practices.
BlueMatrix entered into an agreement to acquire Aiera, combining financial research authoring and governance capabilities with Aiera’s AI distribution technology. The acquisition is backed by BlueMatrix majority shareholder Thoma Bravo and is expected to close in the fourth quarter of 2026, subject to regulatory approvals and other customary conditions.
Behavox acquired Apiax, a Zurich-based provider of embedded compliance software that converts financial regulations into machine-readable rules. The acquisition adds cross-border and content compliance capabilities to Behavox’s platform and connects regulatory intelligence, interpretation, monitoring, and evidence in one workflow; the transaction has closed, and financial terms were not disclosed.
SVRN acquired FastNEAR, a provider of RPC infrastructure, archival systems and data services for applications on the NEAR Protocol; FastNEAR became a wholly owned subsidiary. The acquisition expands SVRN from holding and staking NEAR into directly operating infrastructure for developers, with plans to invest in FastNEAR’s capacity and develop additional products and services.
Schneider Electric has entered into a definitive agreement to acquire PTC in an all-cash transaction valued at approximately $22.6 billion. The deal values PTC at $205 per share for 100% of its outstanding shares and is expected to close in the third quarter of 2027, subject to customary conditions and regulatory approvals.
ReturnPro acquired iF Returns, an enterprise returns technology platform serving more than 200 brands across Europe. The deal combines iF Returns’ post-purchase technology with ReturnPro’s returns management, reverse supply chain, and ReCommerce platform to support ReturnPro’s international expansion.
FIRY completed the sale of its approximately 10.5% stake in Exit Games back to the company for $55 million in cash. The transaction closed on October 2, 2026, and FIRY received the proceeds in full.
Bose Corporation acquired Firelight Technologies, the developer of the FMOD interactive audio software platform. The deal expands Bose’s Audio Technology capabilities and gives it an established software platform to support real-time, interactive audio for gaming and other immersive experiences.
Onside acquired Assura, combining two Christchurch, New Zealand-founded agriculture software companies to expand Onside’s operational intelligence platform. The deal adds Assura’s configurable workflow technology to Onside’s existing contractor management, biosecurity, health and safety, and quality assurance capabilities, aiming to provide customers a more integrated view of operational risk and compliance.
Solen Software Group acquired distrib-u-tec, the ERP business of InterSect Business Systems, to deepen its smrtr platform’s food distribution ERP capabilities. distrib-u-tec will join smrtr, continue operating from British Columbia with its existing team and customer relationships, and expand resources for product development and long-term growth.
Thryv Holdings entered into a definitive agreement to sell its print directories business (Print Yellow and White Pages in the United States, Australia, and New Zealand, plus related digital and Australia White Pages online assets) to private equity firm Carolwood L.P. for $142 million in cash. The transaction is expected to close in the fourth quarter of 2026 and Thryv plans to use net proceeds to repay outstanding debt and liabilities as it continues transitioning toward its AI-powered software growth platform.
Hawk Ridge Systems announced the acquisition of the manufacturing division of TPM, a technology provider based in South Carolina. The deal is intended to deepen Hawk Ridge Systems’ engineering software expertise—especially across SOLIDWORKS, DriveWorks, and design automation—while continuing support for TPM’s manufacturing customers and staff during the transition.
WJRJJ Ventures, LLC acquired 1,355,932 newly issued HealthStream shares for approximately $40 million and purchased another 144,068 existing shares from CEO Robert A. Frist, Jr. for approximately $4.25 million. The transaction closed on September 14, 2026, giving HealthStream proceeds for general corporate purposes and reflecting WJRJJ’s confidence in the company’s growth prospects.
Define Capital acquired Synergy Gateway Verified (SGV), a Canadian compliance automation and credential-verification software platform serving more than 40 colleges and universities. The transaction closed in the second quarter of 2026; Define plans to invest in SGV’s product, sales and marketing capabilities, and expansion in Canada and abroad.
Nimonik acquired LegiNation, the owner of the U.S. legislative and regulatory tracking platform BillTrack50. The deal officially closed on July 31, 2026, and will combine Nimonik’s global regulatory/standards compliance platform with BillTrack50’s real-time tracking of state and federal legislation across all 50 states. LegiNation will continue operating independently under the BillTrack50 brand, with founder Karen Suhaka remaining President.
Francisco Partners and KKR have agreed terms to acquire minority stakes in Italian business software company TeamSystem from majority shareholder Hellman & Friedman. The transaction values TeamSystem at between €8 billion and €10 billion and is structured as a “private IPO,” with Hellman & Friedman selling minority shares while transferring remaining exposure to another fund.
PSI Software entered into a delisting agreement with majority shareholder Zest Bidco, an entity indirectly controlled by funds managed by Warburg Pincus, to set up PSI’s removal from Frankfurt Stock Exchange regulated trading. Zest Bidco plans a public delisting acquisition offer for all outstanding PSI shares at the statutory minimum cash price, based on the weighted average domestic exchange price over the prior six months.
Baseten acquired Blaxel to expand its AI infrastructure platform with Blaxel’s execution, storage, and networking technology for autonomous agents. The companies aim to deliver a more integrated runtime where agents can run code in secure, persistent sandboxes alongside model inference and training in the same system.
Valsoft Corporation, through its wholly owned Edelweiss Software Group subsidiary, acquired Medicalistics, a Dallas-based provider of healthcare software for correctional facilities, jails, and public health agencies. The acquisition gives Edelweiss entry into U.S. correctional and public health technology; Medicalistics will continue operating under its existing brand.
Cegid and Silae announced their intention to merge, creating a European leader in AI-driven, integrated business technology across accounting, tax, payroll, HR, e-invoicing, and digital financial services and payments. The combined platform is expected to close in the first half of 2027, subject to regulatory approval and consultation with employee representatives.
Bending Spoons completed its previously announced all-cash acquisition of Airtable, acquiring 100% of the issued and outstanding shares. The transaction closing marks Bending Spoons’ first acquisition since its Nasdaq listing on July 1, 2026.
Solifi acquired Inovatec Systems Corporation, a cloud-based lending technology provider serving financial institutions and specialty lenders. The acquisition adds digital application, loan origination, and servicing capabilities to Solifi’s secured-finance platform, while expanding its reach in automotive and specialty finance and strengthening its presence in Canada.
The Descartes Systems Group acquired Extensiv, a California-based provider of warehouse management and fulfillment software for third-party logistics providers and the brands they serve, for approximately US$120 million in cash. The acquisition adds warehouse and inventory management capabilities, AI-enabled fulfillment data, and deeper exposure to 3PL and ecommerce fulfillment markets to Descartes’ logistics platform.
Frazier Healthcare Partners completed its acquisition of MatrixCare from ResMed, making the post-acute care software provider a standalone company. Frazier plans to support MatrixCare’s next phase of growth through focused investment in product innovation and capabilities for post-acute care providers.
Flipboard acquired Graze, a Portland startup that enables creators to build, tune, and monetize custom social feeds—primarily on Bluesky—using AT Protocol. The acquisition is aimed at expanding Flipboard’s open social web strategy and contextual advertising model, with Graze reporting a 70/30 revenue split in favor of feed creators.
ZenaTech has completed the acquisition of ESM Software, a Boston-based strategy execution and performance management company. The deal adds ESM’s strategy/OKR and cybersecurity compliance capabilities to ZenaTech’s enterprise SaaS division and is expected to be integrated into ZenaTech’s beta-stage Zoo Office platform.
Candle Lake, a Kenneth Dart-owned investment vehicle, launched a SEK 131.7 billion mandatory public cash offer for online gaming technology company Evolution after increasing its ownership beyond Sweden’s 30% takeover threshold. Evolution shareholders are offered SEK 695 per share in cash, valuing the company at approximately SEK 131.7 billion and with acceptance expected from August 17 to September 15, 2026.
Soutron Global, backed by Bloom Equity Partners and Atlasview Equity Partners, acquired Biblionix, a provider of cloud-native library management software. The deal completes Soutron’s coverage of the U.S. public library market by adding Apollo (for smaller public libraries) and Artemis (for K-12 school libraries), bringing the combined platform to more than 7,000 U.S. public libraries.
Recur Software has completed its acquisition of FLAGS Software, a provider of quality management and production control software for complex manufacturing environments. The deal strengthens Recur’s presence in the UK and adds shop-floor quality software to its manufacturing portfolio, with plans to invest in AI capabilities to help manufacturers anticipate quality issues.
Total Synergy and Monograph announced they are joining forces to build a global technology company dedicated exclusively to the architecture and engineering (A&E) industry, leveraging Total Synergy’s international footprint and Monograph’s U.S. platform. The companies plan to use additional investor capital to develop AI-enabled solutions that modernize A&E firms’ practice management workflows. The announcement follows Total Synergy’s 2025 acquisition of Factor A/E, which together with Total Synergy and Monograph is intended to expand coverage across firm sizes, geographies, and operating models.
Freedom Holding Corp. acquired 100% of ChessBase GmbH on June 1, 2026. The acquisition is intended to strengthen Freedom’s digital ecosystem and expand its technology offerings via chess software, databases, analytics, and online services.
ECI Software Solutions has acquired Prima Business Control Software to expand its ERP and e-commerce capabilities for office supply dealers. The deal integrates Prima’s cloud-native technology stack and AI into ECI’s end-to-end business management platform to help distributors improve ordering, inventory management, and customer fulfillment.
Francisco Partners agreed to acquire a majority stake in Command Alkon from Thoma Bravo. Heidelberg Materials will retain a significant minority stake as Command Alkon expands its agentic AI and autonomous plant operation capabilities, global scaling, and payments offerings.
Mortgage Automator announced its acquisition of Lendr, a US-based loan origination and servicing platform serving private and hard-money lenders. The companies say the combination will create a unified AI-enabled software platform for private lenders across the United States and Canada, while keeping both products operational during the transition.
Tyler Technologies acquired CODY Systems to expand its public safety software portfolio with cloud-based records management and information-sharing products. The deal is expected to help small and midsized public safety agencies implement software faster and improve interoperability for real-time data access.
Leonardo DRS has entered into a definitive agreement to acquire Raft LLC for an all-cash transaction valued at $450 million. Raft, headquartered in McLean, Virginia, provides open-architecture mission software focused on multi-domain data fusion and AI for national security customers, and the deal is expected to close in the fourth quarter of 2026.
Bending Spoons S.p.A. entered into a definitive agreement to acquire Airtable in an all-cash transaction valuing Airtable at an enterprise value of $1.285 billion (approximately $2.25 billion equity value). The deal is expected to close later in 2026, subject to customary regulatory approvals and closing conditions.
Vena Solutions entered into a definitive agreement to acquire Morpheo AI, a Toronto-based enterprise agentic data platform, subject to customary closing conditions. The deal will combine Morpheo’s Omega orchestration platform with Vena’s FP&A software to create “Vena Omega,” a cumulative context engine intended to reduce decision latency and deepen AI capabilities for finance and business performance.
Boston Globe Media acquired InstaTrac, a Massachusetts-based government information company providing legislative and municipal tracking services. The deal expands the Globe’s ability to access and analyze government data to strengthen journalism and adds a B2B subscription information business to its portfolio.
ARMS, a cloud-based public safety software provider and portfolio company of Vertica Capital Partners, announced it has acquired Teleosoft. Teleosoft supplies cloud-based civil process and court case management software used by more than 80 counties (over 100 offices) across the United States.
ReSpark completed its acquisition of UptimePM, a maintenance and facility management software platform for heavy industrial operations. UptimePM is now a wholly owned part of ReSpark and will be rebranded as ReSpark Maintenance, expanding ReSpark’s metal recycling software platform with equipment maintenance and yard/facility workflows.
Constellation Software’s subsidiary Harris Computer acquired Toronto-based restaurant point-of-sale and management software provider TouchBistro for about $100 million, according to multiple reports. The deal follows a December 2023 recapitalization that left Francisco Partners controlling TouchBistro, and the sale provided limited or no value to former common shareholders, while Harris plans to continue investing in the business.
Assent, a supply chain sustainability management and product compliance provider headquartered in Ottawa, acquired IPOINT, a Germany-based product compliance and sustainability software provider. The deal is Assent’s first acquisition and expands its platform from supply chain compliance into end-to-end product lifecycle intelligence, supporting requirements such as Digital Product Passports and EU sustainability regulations.
Volaris Group announced the acquisition of IVES and its subsidiaries IVES Inc and Elioz (including the Solupi brand). IVES provides software solutions focused on accessibility and inclusion for deaf and hard-of-hearing individuals and others facing communication barriers.
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