Software Acquisitions in Michigan

Campfire Interactive acquired Cover 4 PM to add manufacturing-specific program and project management capabilities to its AI-driven profit optimization platform, expanding forecasting, quoting, and program execution workflows. The Cover 4 PM team, including co-founders Joe McCarthy and Rob Giannone, will continue operating under Campfire; the deal follows Invictus Growth Partners’ $37 million majority investment in Campfire in September 2024.

Siemens AG has completed the acquisition of Altair Engineering Inc. for an enterprise value of approximately USD 10 billion. The deal adds Altair's capabilities in mechanical and electromagnetic simulation, high-performance computing (HPC), data science and AI to Siemens' Xcelerator platform, strengthening Siemens' industrial software and digital twin offerings.

Embrace Software Inc. has acquired QSTRAT, a provider of sourcing, supplier management and quoting (CPQ/RFx) software for manufacturers and distributors. The deal expands Embrace Industrial Group’s capabilities into the configure-price-quote (CPQ) and strategic sourcing verticals and will see QSTRAT’s leadership continue to run the business under Embrace.

Valsoft Corporation acquired Above the Treeline, Inc., the operator of the Edelweiss book-industry software platform, marking Valsoft's entry into book industry software. Edelweiss's leadership will remain in place as Valsoft looks to support product development, deepen U.S. impact, and expand the platform internationally.

ADP has acquired WorkForce Software, a workforce management solutions provider headquartered in Michigan, to expand ADP’s global workforce management capabilities and accelerate innovation for large, global enterprise clients. WorkForce Software’s time & attendance, scheduling, forecasting, and leave-management capabilities will be integrated into ADP’s suite to broaden offerings for ADP’s more than one million clients worldwide.

HHAeXchange, a PE-backed homecare management software platform, has acquired Generations Homecare System, a provider of agency management software used by over 700 customers. The deal strengthens HHAeXchange’s product capabilities, adds homecare technology talent, and expands its geographic footprint across additional U.S. states.

Inspire11 has acquired Integral, a Detroit-based software engineering firm, to strengthen Inspire11’s AI, software engineering, and product management capabilities. The deal brings Integral’s team and experience with clients like Ford, Honda and Rocket Mortgage into Inspire11’s delivery model to accelerate AI-driven solutions and delivery velocity.

Tech Soft 3D has acquired the core Actify business — including SpinFire, CAD Publisher and Centro — from Actify, Inc. The deal expands Tech Soft 3D's product portfolio and establishes an End-User Solutions division to strengthen its CAD data translation, visualization and collaboration offerings for manufacturing and automotive customers. Financial terms were not disclosed; Tech Soft 3D is backed by Battery Ventures.

Altair (Nasdaq: ALTR) acquired OmniQuest, a Novi, Michigan-based developer of Genesis, an advanced structural optimization and finite-element analysis software. The deal adds OmniQuest's optimization algorithms and expertise—used across automotive, motorsport (Formula 1) and aerospace applications—to Altair's simulation and AI product portfolio to strengthen its optimization capabilities.

CORA Group, a subsidiary of Constellation Software Inc., has acquired WebRecon LLC, a Grand Rapids, Michigan–based provider of litigation tracking and consumer risk management software for the credit and collection industry. The acquisition adds WebRecon to CORA/Constellation's portfolio of vertical-market software companies and is intended to expand CORA Group's capabilities in litigation tracking and consumer risk management; Corporate Advisory Solutions acted as exclusive M&A adviser to WebRecon.

Symphonize, Inc. acquired Ann Arbor-based custom software development firm NewFoundry in a transaction that closed on June 29, 2023. The acquisition expands Symphonize’s service capabilities and global footprint, adding development capacity and industry expertise (including enterprise software, healthcare, and automotive) to its end-to-end digital engineering offering.

DealerBuilt, a provider of dealer management system (DMS) software, has acquired Oplogic, a CRM solution for automotive dealerships. The acquisition integrates Oplogic's desking, digital retailing, lead management, call recording, equity mining and compliance capabilities into DealerBuilt's platform to expand its product suite and better serve dealer customers.

DaySmart Software acquired R.C. Systems, Inc. (ReCPro Software), a veteran provider of recreation management software based in Warren, Michigan. The deal expands DaySmart's recreation management portfolio and gives ReCPro customers access to DaySmart's cloud-based solutions and customer service.

Montreal-based Valsoft Corporation acquired the assets of Professional Computing Resources (PCR), a developer of IT service and asset management software serving higher education, government and healthcare customers. The deal marks Valsoft’s entry into the ITSM/ITAM vertical and will keep PCR's existing management and client support in place as part of Valsoft's portfolio of vertical market software businesses.

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.

WebFX, a tech-enabled digital marketing services provider based in Harrisburg, Pennsylvania, has acquired Nutshell, an Ann Arbor-based CRM and email marketing platform. The acquisition expands WebFX’s software capabilities to offer an integrated CRM and marketing solution for SMB and B2B customers, enabling deeper revenue-generation services for clients.

Epicor has acquired eFlex Systems, a provider of cloud-based Manufacturing Execution System (MES) technologies, to expand its Industry 4.0 and advanced MES capabilities. The acquisition will add eFlex's Manufacturing Integrated Platform (MIP) and IIoT/connectivity features to Epicor's portfolio; financial terms were not disclosed.

Logility, Inc. has signed a definitive agreement to acquire Starboard Solutions Corp., a Traverse City, Michigan-based provider of supply chain network design and digital twin software. The acquisition will integrate Starboard's network design and visualization capabilities into the Logility Digital Supply Chain Platform to expand Logility's planning, modeling and disruption-response capabilities.

Vermont Information Processing (VIP) has acquired eoStar, a Holland, Michigan–based provider of route accounting and distribution software, from Seaport Capital. eoStar will operate as a division of VIP as the companies combine capabilities to serve brewers, distributors, wineries and other beverage industry customers.

Material Bank has acquired Amber Engine, a Detroit-based product information management (PIM) software and data-enrichment company. The deal brings Amber Engine's PIM technology and services into Material Bank's marketplace to expand product data capabilities and better serve its brand partners and design industry customers.

Liquid Web Family of Brands (under the StellarWP umbrella) has acquired LearnDash (Skyward North LLC), a leading WordPress learning management system (LMS). LearnDash will operate as an independent brand within StellarWP, expanding Liquid Web's WordPress product portfolio and capabilities in digital commerce and online learning.

WorkWave has acquired Real Green Systems, combining two established field-service software providers to expand WorkWave’s product suite for green service industries. Serent Capital and certain Real Green shareholders (including founder Joe Kucik) rolled equity into the combined company, joining existing investors EQT and TA Associates in backing WorkWave.

Bushel, an independently owned agricultural software company based in Fargo, North Dakota, has acquired FarmLogs, a farm-management software provider headquartered in Ann Arbor, Michigan. The deal integrates FarmLogs' on-farm data and user experience into Bushel's grain and supply-chain platform to strengthen digital connectivity across growers, grain buyers, ag retailers and CPGs.

CAI Software, LLC acquired Radley Corporation, a provider of EDI and data collection solutions, expanding CAI's ERP/MES/WMS and supply-chain software capabilities. Main Street Capital Corporation completed a $22.3 million follow-on investment (term debt plus equity) in CAI to support the acquisition and further growth of the platform.

Volaris Group Inc., through its AssetWorks Risk Management business, acquired the assets of Go Solutions Group, Inc., a Lansing, Michigan-based provider of special education documentation and Medicaid billing software (GoClaim). Go Solutions will continue operating under its brand and its team has joined AssetWorks to expand AssetWorks' K-12 special education and Medicaid reimbursement capabilities.

Century Technology Group, a Michigan-based family office, has acquired Mutually Human, a Grand Rapids custom software developer and application solutions provider. Financial terms were not disclosed; Century said the deal will support growth of its software development and application modernization services through investments in sales, marketing, talent and complementary capabilities.

ServiceTitan has acquired Servant Systems, a long-running provider of business software for franchise brands. The deal brings Servant Systems' franchise-focused capabilities and customer relationships (including Neighborly, Jan-Pro and DreamMaker) into ServiceTitan to broaden its platform and deepen franchise market coverage.

BMC, a KKR portfolio company, has acquired Compuware from Thoma Bravo to combine their mainframe operations management and application development toolsets. The deal brings Compuware's Topaz suite and ISPW technology into BMC's portfolio to create an integrated DevOps toolchain for enterprise mainframe environments; financial terms were not disclosed.

Global Graphics PLC (Euronext: GLOG) acquired Xitron, LLC, a prepress workflow and RIP software provider headquartered in Ann Arbor, Michigan, for $4.5 million in cash. The acquisition expands Global Graphics’ digital print and industrial inkjet capabilities and complements its Harlequin RIP-based product family and digital front-end offerings.

Seaport Capital, a New York-based private equity firm, has made a strategic growth investment in Rutherford & Associates to support expansion of its eoStar route-accounting and warehouse management software. As part of the investment, Jim Clishem was named CEO and founder Mike Rutherford will transition to full-time CTO to focus on product development and scaling the business.

Convenient Payments Holdings LLC, a Beekman Investment Partners III portfolio company, has acquired Mainstreet Computers, a Belleville, Michigan-based provider of cloud-based business software for the auto and flat glass industries. The deal is an add-on to Convenient Payments’ software and payments platform, intended to integrate Mainstreet’s Glas-Avenue product with Convenient Payments’ IntelliPay processing and accelerate growth through shared resources.

LINQ, a Wilmington, North Carolina-based K-12 administrative software provider, acquired SchoolFinance — the Michigan-based K-12 financial management system developed by Optimal Solutions, Inc. The deal brings SchoolFinance's finance, payroll and HR capabilities into LINQ's integrated K-12 platform to expand product capabilities and geographic reach.