Private Equity Firm Software

Rubicon Technology Partners

Boulder, Colorado, United States

Lower-middle-market private equity firm established in 2012 that partners with founders and management teams of enterprise software companies to help them grow and scale. Rubicon uses a collaborative portfolio engagement model (RTP Change Management™) and focuses on control investments in platform enterprise software companies and add-on enterprise software investments.

Focus Areas
Enterprise software investing, Portfolio-wide engagement / change management for software companies

Tracked deals

23

23 tracked deals across 2019-2026.

Recent pace

2

2 tracked deals announced in the last 12 months.

Deal mix

Buyout

14 buyout · 6 growth capital · 3 addon

Rubicon Technology Partners Acquisition Volume by Year

Last 8 years

Acquisition volume by year Annual acquisition counts for the last 8 years for Rubicon Technology Partners. 3 2019 2 2020 6 2021 2 2022 1 2023 4 2024 3 2025 ~3 est. 2 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 23 tracked deals for Rubicon Technology Partners.

  • Buyer
    Rubicon Technology Partners
    Target
    CaseWorthy, Inc.
    Industry
    Cloud & SaaS

    CaseWorthy, a purpose-built case and program management software platform for non-profit and government human services organizations, secured a majority growth investment from Rubicon Technology Partners. The partnership is intended to accelerate product innovation (including AI capabilities), deepen integrations across the human services ecosystem, and pursue acquisitions to expand the platform’s reach.

  • Buyer
    Rubicon Technology Partners
    Target
    Procede Software
    Industry
    IT Services

    Procede Software, a provider of enterprise dealer management systems (DMS) for commercial vehicles, received a strategic majority investment from Rubicon Technology Partners. The funding is intended to accelerate product innovation (including AI capabilities) and expand integrations across the commercial vehicle ecosystem.

  • September 4, 2025
    Buyer
    EverTrue, Rubicon Technology Partners
    Target
    DonorSearch
    Industry
    Cloud & SaaS
    Type
    Buyout

    EverTrue has acquired DonorSearch to combine DonorSearch’s AI-powered donor intelligence and philanthropic dataset with EverTrue’s donor engagement and outreach capabilities. The deal — by EverTrue, which is backed by Rubicon Technology Partners — aims to embed deeper intelligence and automation across fundraising workflows to help nonprofit customers identify and engage high-potential prospects more effectively.

  • Buyer
    Rubicon Technology Partners
    Target
    Nuqleous
    Industry
    Cloud & SaaS
    Type
    Buyout

    Rubicon Technology Partners has completed a strategic majority investment in Nuqleous, a Bentonville-based provider of space planning and retail analytics software, and installed Ben Cronin as CEO. The investment is intended to accelerate product innovation, scale the company’s SaaS platform, and support Nuqleous' long-term growth across CPG brands and retailers.

  • Buyer
    Rubicon Technology Partners
    Target
    CollegeNET, Inc.
    Industry
    Software
    Type
    Buyout

    Rubicon Technology Partners has made a majority investment in CollegeNET, a Portland-based provider of higher-education software, to accelerate growth and drive continued product innovation. Founder Jim Wolfston will remain CEO and a significant shareholder; financial terms were not disclosed.

  • Buyer
    ABOUT Healthcare, Rubicon Technology Partners
    Target
    Edgility
    Type
    Addon

    ABOUT Healthcare, a Rubicon-backed provider of hospital operations SaaS, has acquired Edgility, a Tampa-based AI and analytics platform that optimizes patient flow and discharge velocity. The add-on expands ABOUT’s care orchestration capabilities with real-time predictive and prescriptive analytics to support system-wide patient flow, command center strategies, and transitions to post-acute and behavioral health settings.

  • Buyer
    Rubicon Technology Partners
    Target
    Ascend Analytics
    Industry
    Energy

    Rubicon Technology Partners has made a strategic growth investment in Ascend Analytics to support the company’s product development and commercial expansion in energy market analytics. Ascend Analytics, a Boulder-based provider of power market intelligence and forecasting solutions, will leverage the investment to scale its SaaS offerings and expand market reach.

  • Buyer
    Rubicon Technology Partners
    Target
    Nulogy
    Industry
    Cloud & SaaS
    Location
    Ontario, Canada

    Rubicon Technology Partners, a growth-oriented private equity firm, has made a strategic growth investment in Nulogy, a Toronto-based provider of a cloud-based multi-enterprise collaboration platform for manufacturing supply chains. The investment will support Nulogy's product innovation, go-to-market expansion, and accelerated global growth.

  • Buyer
    Rubicon Technology Partners
    Target
    Vimly Benefit Solutions
    Industry
    Cloud & SaaS
    Type
    Buyout

    Rubicon Technology Partners has made a strategic majority investment in Vimly Benefit Solutions to accelerate the company’s go-to-market expansion, product innovation, and pursuit of acquisition opportunities. The investment positions Vimly — a cloud-based HRIS and benefits administration SaaS provider — to scale its SIMON platform and expand solutions for carriers, brokers, employers and employees.

  • Buyer
    Rubicon Technology Partners, GRO Capital (GRO Fund III)
    Target
    Tacton
    Seller
    GRO Fund I, Kirk Kapital
    Industry
    Cloud & SaaS
    Location
    Stockholm, Sweden
    Type
    Buyout

    Rubicon Technology Partners has acquired Tacton, the Stockholm-headquartered leader in CPQ SaaS for complex manufacturers, with GRO Capital (via GRO Fund III) investing alongside Rubicon. The transaction represents a sale by existing investors GRO Fund I and Kirk Kapital and is intended to accelerate Tacton's global growth, particularly in North America, through product innovation and go-to-market expansion.

  • Buyer
    Rubicon Technology Partners
    Target
    Enquire, Glennis Solutions, Sherpa CRM
    Industry
    Software
    Location
    United States
    Type
    Buyout

    Rubicon Technology Partners made a strategic majority investment to combine Enquire, Glennis Solutions and Sherpa CRM into a single, market-leading senior living software platform. The combined business will serve more than 800 customers (representing roughly 5,700 communities), with Rubicon as majority shareholder providing growth capital to support product innovation, customer support and further acquisitions.

  • Buyer
    Rubicon Technology Partners
    Target
    Bamboo Rose
    Seller
    McCarthy Capital
    Industry
    Cloud & SaaS

    Rubicon Technology Partners has made a strategic growth investment in Bamboo Rose, the Gloucester, Massachusetts-based provider of a unified product lifecycle and supply chain management SaaS platform. The capital is intended to accelerate product innovation and global go-to-market expansion; Bamboo Rose was previously a portfolio company of McCarthy Capital and Harris Williams served as financial advisor on the transaction.

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