Software Acquisitions in New Jersey

Datacor, a provider of process manufacturing and chemical distribution software, has acquired Informetric Systems, a manufacturing intelligence and digital transformation software vendor. The acquisition expands Datacor’s plant-level data capture, reporting, and compliance capabilities and brings Informetric’s solutions — used widely in life sciences and specialty chemicals — into Datacor’s product portfolio.

Saphyre, an AI-powered fintech platform for automating pre- and post-trade workflows, has closed a $70 million growth equity investment led by FTV Capital. The funding will support product innovation, accelerate go-to-market and international expansion, and deepen integrations across the financial services ecosystem; HCAP Partners announced it exited its equity stake as part of the transaction.

Abrigo, a provider of compliance, credit risk and lending software for financial institutions, acquired Integrated Financial Solutions (IFS), the maker of IFSLeaseWorks, a cloud-based lease and loan origination and administration platform. The acquisition expands Abrigo’s loan origination and asset-management capabilities—adding equipment and vehicular financing functionality to its product suite and enabling broader automation for banks and leasing companies.

Numerix has acquired Kynex, a specialist platform for convertible securities valuation, portfolio and risk management, and trade/order management. The acquisition expands Numerix's asset-class coverage and enhances its Front-to-Risk analytics capabilities for investment banks, asset managers, hedge funds and broker-dealers.

Persistent Systems acquired New Jersey–based Starfish Associates to expand its AI-driven contact center and unified communications capabilities. The deal (reported at approximately $20.7 million) brings Starfish’s enterprise communications automation platform and integration expertise into Persistent’s digital engineering and AI automation offering to better serve large enterprise clients and Fortune 500 customers.

TA Associates has made a significant growth investment in Edmunds GovTech (EGT), a Northfield, New Jersey–based provider of ERP software for local governments; LLR Partners will remain an investor. The capital will support product innovation, accelerate project timelines and geographic expansion to serve EGT's more than 2,100 municipal customers across 20+ states. Financial terms were not disclosed.

Benchmark International announced it facilitated a transaction between Minnesota-based Aubrant, LLC and New Jersey-based CDM Group, LLC (DBA EPIC Software Development). Aubrant (a custom software and cloud services provider) has combined with CDM to expand development capabilities and client coverage across life sciences, fintech, EdTech and healthtech markets.

Lionfield Capital has completed the acquisition of Mudshare, a New Jersey–based civictech communications software company specializing in peer-to-peer texting, email and voice for political campaigns, nonprofits, advocacy groups and select retail customers. Financial terms were not disclosed; Lionfield intends to operate Mudshare as its platform, retain employees, open a new headquarters in Miami, and expand the company's product, data and market capabilities.

CFM has acquired IMM, a document automation and eSignature software provider for financial institutions, and combined it with recent acquisition NXTsoft to form the new brand Kinective. The combined platform—backed by OceanSound Partners—unites connectivity, workflow automation, and analytics solutions serving over 2,500 banks and credit unions to accelerate digital transformation and expand product capabilities.

Litera, a Chicago-based legal technology company, has acquired Micron Systems Inc., a provider of cloud-based talent management software for the legal and accounting professions. The acquisition expands Litera’s product capabilities in talent engagement, retention, and HR workflows for law and accounting firms.

Simpli.fi, a programmatic advertising and agency management software provider, has acquired CoreMedia Systems, a performance media management and analytics software vendor. The acquisition deepens integration to enable unified buying and attribution across linear TV, CTV and other programmatic channels and expands Simpli.fi's omnichannel capabilities.

Dura Software, a San Antonio-based acquirer and operator of hyper-niche software products, has acquired DB Technology, a workflow and process automation software company serving healthcare, retail and hospitality. DB Technology — founded in 1983 and based in Edison, New Jersey — will move its headquarters to San Antonio; Justin Brady has been named CEO and all employees will remain in their current locations.

Docupace, a provider of cloud-based digital operations software for the wealth management industry, acquired PreciseFP, a client onboarding and data-gathering platform for financial advisors. The acquisition expands Docupace's new account opening and client onboarding capabilities to create an end-to-end digital ecosystem for RIAs and broker-dealers.

Provation, the Clearlake-backed provider of procedure documentation and clinical decision-support software, acquired the endoPRO endoscopy informatics and software portfolio from PENTAX Medical. The carve-out expands Provation’s clinical productivity portfolio into endoscopy imaging and information management, with terms undisclosed and a concurrent sales agreement for Canadian distribution.

Unison, a provider of contract, program and acquisition software for government contractors and federal agencies, has acquired PRICE Systems, a global provider of Model-Based Cost Engineering (MBCE) software. The deal brings PRICE's advanced cost-estimating analytics and modeling capabilities into Unison's enterprise software and Insight Platform to expand capabilities and global reach for government and commercial customers.

Honeywell has agreed to acquire Sparta Systems from New Mountain Capital for $1.3 billion in an all-cash transaction. Sparta Systems is a provider of enterprise quality management software (QMS) and a next-generation SaaS platform for the life sciences industry; Honeywell will integrate Sparta into Honeywell Forge to expand its life sciences and software capabilities.

SE2, a life and annuities insurance technology and services firm, has acquired Convergent Financial Technologies, the developer of UV Cloud, a unit value pricing and trading SaaS platform. The acquisition expands SE2's SaaS product offerings for insurance and retirement solutions and strengthens UV Cloud's capabilities in pricing, trading, reporting and data analytics for insurance carriers and asset managers.

Quest Software acquired Binary Tree to combine two market leaders in Microsoft migrations, expanding Quest’s Microsoft Platform Management capabilities across on-premises, hybrid and cloud migrations. The acquisition brings Binary Tree’s tenant-to-tenant and Notes/Domino migration expertise and SaaS migration tools into Quest’s broader portfolio for management, security and modernization of Microsoft environments.

Shore Points Capital, a New York–based private equity firm, has acquired Newport Systems Inc., a Wall, New Jersey–headquartered provider of software and mobile technologies for the intermodal transportation industry. Robert Morton, formerly Executive Vice President, was promoted to President and joined the company's board as Shore Points said it will support Newport's continued growth and product development.

Thoma Bravo, a leading private equity firm focused on software and technology-enabled services, completed the acquisition of Majesco, a cloud insurance software provider, in a cash transaction under which Majesco's common stock ceased trading and the company became privately held. The deal was announced with an agreed cash price of $16.00 per share; Majesco employs roughly 2,400+ people and will partner with Thoma Bravo to accelerate its cloud and product investment strategy.

Dover Corporation announced it will acquire Sys‑Tech Solutions, Inc., d/b/a Systech International, a provider of product traceability, serialization and brand-protection software. Systech will join Dover’s Markem‑Imaje business unit to expand Dover’s product identification and traceability software and recurring-service offerings.

Compuware Corporation has completed the acquisition of the assets of INNOVATION Data Processing, adding mainframe storage management, backup and enterprise data protection solutions to its mainframe DevOps portfolio. The asset purchase, announced Dec. 2019 and closed Jan. 1, 2020, expands Compuware’s capabilities for customers requiring data protection and business continuance on large enterprise mainframes.

Verisk Analytics has agreed to acquire Flexible Architecture & Simplified Technology, LLC (FAST) from NexPhase Capital (co-managed with Moelis Capital Partners) for $193.5 million. FAST is a New Jersey–based provider of SaaS policy administration, new business and distribution management software for life insurers; NexPhase partnered with FAST in 2015 and helped transition the business to a recurring revenue model.

Greatland Corporation, a Grand Rapids–based provider of W-2, 1099 and 1095 reporting solutions, has acquired Bridgewater Township, New Jersey–based JAT Software, a year-end reporting software and print services provider. The acquisition adds roughly 150 enterprise-level customers to Greatland's base and brings all 15 JAT employees into Greatland's organization, expanding its product portfolio and market share in enterprise wage and information reporting.

Zenith American Holding, Inc. has completed the acquisition of Innovative Software Solutions, Inc. (ISSI) from Advanced Solutions International, Inc. ISSI will operate as a wholly owned, independently managed subsidiary of Zenith American to expand its benefit-administration technology capabilities for Taft-Hartley/multi-employer funds and third-party administrators.

SPS Commerce, a Minneapolis-based retail cloud services provider, acquired the MAPADOC business (an operating unit of SWK Technologies/SilverSun Technologies) for $11.5 million in cash. The purchase adds MAPADOC’s EDI system automation capabilities and deeper ERP integrations for the Sage and Acumatica markets to SPS Commerce’s retail trading network and cloud platform.