Cloud & SaaS Buyout Acquisitions in 2019
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December 31, 2019
- Buyer
- Utilant
- Target
- IMTI Systems
- Industry
- Cloud & SaaS
- Location
- New York, United States
- Type
- Buyout
Utilant, the provider of the Loss Control 360 SaaS platform, has acquired IMTI Systems via an asset acquisition to expand its loss control survey management capabilities and customer base. The deal (effective December 31, 2019) brings IMTI's experience, technology and data into Utilant's platform to broaden market share in the P&C insurance loss control market.
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December 30, 2019
- Buyer
- VMware, Inc.
- Target
- Pivotal Software, Inc.
- Seller
- Pivotal Class A common stockholders, Dell Technologies
- Industry
- Cloud & SaaS
- Location
- California, United States
- Type
- Buyout
VMware, Inc. completed its acquisition of Pivotal Software, Inc., acquiring Pivotal for an enterprise value of approximately $2.7 billion and making Pivotal a wholly owned subsidiary. Pivotal's cloud-native platform and developer-focused offerings will be integrated into VMware's Tanzu portfolio to expand VMware's modern application and Kubernetes capabilities.
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December 24, 2019
- Buyer
- OpenText
- Target
- Carbonite, Inc.
- Industry
- Cloud & SaaS
- Location
- Massachusetts, United States
- Type
- Buyout
OpenText completed the acquisition of Carbonite, Inc., a provider of cloud-based data protection, backup, disaster recovery and endpoint security, for approximately $1.45 billion in cash. Carbonite becomes a wholly-owned subsidiary of OpenText as part of a strategic move to expand OpenText's cloud and endpoint data protection capabilities and extend EIM to SMBs and prosumers.
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December 23, 2019
- Buyer
- Hg (Hg Saturn 1 Fund)
- Target
- Personal & Informatik AG (P&I)
- Seller
- Funds advised by Permira
- Industry
- Cloud & SaaS
- Location
- Germany
- Type
- Buyout
Hg (via its Saturn 1 Fund) has acquired a majority stake in Personal & Informatik AG (P&I), a Germany‑headquartered provider of cloud‑based HR software, from funds advised by Permira for an enterprise value of €2 billion. Permira funds retain a substantial minority stake and Hg-managed funds will be the majority shareholder, marking the fourth investment from the Hg Saturn 1 Fund and reinforcing Hg's focus on cloud HR/SaaS businesses.
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December 23, 2019
- Buyer
- Diversis Capital Partners I LP, Diversis Capital
- Target
- WorldAPP
- Industry
- Cloud & SaaS
- Location
- Massachusetts, United States
- Type
- Buyout
Diversis Capital Partners I LP, a Los Angeles-based private equity firm, has acquired WorldAPP, the Braintree, Massachusetts provider of the Form.com mobile workflow platform and Key Survey enterprise survey software. Diversis will supply growth capital and operational support to extend WorldAPP's platform capabilities and accelerate market penetration across industries such as oil & gas, financial services, retail, and restaurants.
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December 18, 2019
- Buyer
- RE/MAX Holdings, Inc.
- Target
- First
- Industry
- Cloud & SaaS
- Location
- North Carolina, United States
- Type
- Buyout
RE/MAX Holdings, Inc. acquired First, a Durham, North Carolina-based data science and machine-learning startup that provides an intelligent coaching and CRM-style app for real estate agents. The acquisition brings First's platform and team into RE/MAX's technology stack to give RE/MAX agents discounted exclusive access and to accelerate the brand's broader technology roadmap.
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December 17, 2019
- Buyer
- Francisco Partners, Evergreen Coast Capital Corporation
- Target
- LogMeIn, Inc.
- Seller
- LogMeIn shareholders
- Industry
- Cloud & SaaS
- Location
- Massachusetts, United States
- Type
- Buyout
Affiliates of Francisco Partners and Evergreen Coast Capital Corporation have entered into a definitive agreement to acquire LogMeIn, Inc. for $86.05 per share in an all-cash transaction valuing the company at approximately $4.3 billion. The deal — approved by LogMeIn's board and expected to close in mid-2020 subject to approvals — will take the Boston-based SaaS company private to accelerate product investment and long-term growth.
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- Buyer
- CVC Fund VII (CVC Capital Partners), Oakley Capital IV (Oakley Capital)
- Target
- WebPros Group
- Seller
- Oakley Capital (Fund III) and other co-investors
- Industry
- Cloud & SaaS
- Location
- Luxembourg
- Type
- Buyout
CVC Fund VII (CVC Capital Partners) has agreed to acquire WebPros Group from Oakley Capital (Fund III), with Oakley Capital IV investing $200 million alongside CVC as a minority partner. The transaction continues WebPros’ buy-and-build strategy in web hosting automation software and positions the company for further product development and global growth; the group employs over 450 people across four continents.
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December 9, 2019
- Buyer
- Workday, Inc.
- Target
- Scout RFP
- Industry
- Cloud & SaaS
- Location
- California, United States
- Type
- Buyout
Workday, Inc. has completed its acquisition of Scout RFP, a cloud-based strategic sourcing and supplier engagement platform. Scout RFP will operate as Scout RFP, a Workday company, expanding Workday's capabilities in spend management and the office of procurement.
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December 4, 2019
- Buyer
- Brainshark, Inc.
- Target
- Rekener
- Industry
- Cloud & SaaS
- Location
- Massachusetts, United States
- Type
- Buyout
Brainshark, a sales readiness platform provider, has acquired Rekener, a sales scorecard and analytics provider founded in 2016. The acquisition integrates Rekener's data-driven sales scorecards into Brainshark's readiness and enablement solutions to provide deeper visibility into rep activities and improve coaching outcomes.
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December 3, 2019
- Buyer
- SHL
- Target
- Aspiring Minds
- Industry
- Cloud & SaaS
- Location
- Haryana, India
- Type
- Buyout
SHL, the global HR technology and talent-assessment leader, has completed the acquisition of India-based Aspiring Minds, maker of the AMCAT assessment and AI-powered interviewing tools. The deal combines SHL’s validated workforce science with Aspiring Minds’ assessment, coding and video-interview capabilities to expand SHL’s global talent strategy and AI-powered assessment offerings.
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December 3, 2019
- Buyer
- Uberflip
- Target
- SnapApp
- Seller
- Providence Equity Partners
- Industry
- Cloud & SaaS
- Location
- Massachusetts, United States
- Type
- Buyout
Toronto-based content experience platform Uberflip acquired interactive content and lead-qualification vendor SnapApp in December 2019, integrating SnapApp’s team and capabilities to strengthen personalized content and demand generation functionality. The acquisition also accompanied Uberflip opening its first U.S. office in Boston to accelerate growth and better serve enterprise customers; SnapApp had been backed by Providence Equity Partners prior to the deal.
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December 3, 2019
- Buyer
- Snow Software
- Target
- Embotics
- Industry
- Cloud & SaaS
- Location
- Ontario, Canada
- Type
- Buyout
Snow Software has acquired Embotics, a hybrid cloud management platform provider, to strengthen its technology intelligence and hybrid/multicloud management capabilities. The deal brings Embotics' platform-neutral cloud management and automation capabilities into Snow's portfolio to deliver integrated visibility and management across on-premises, private, public and hybrid cloud environments.
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December 2, 2019
- Buyer
- Stone Point Capital LLC
- Target
- PrismHR
- Seller
- Accel-KKR
- Industry
- Cloud & SaaS
- Location
- Massachusetts, United States
- Type
- Buyout
Funds managed by Stone Point Capital LLC acquired a majority stake in PrismHR, the Hopkinton, Massachusetts–based HR technology platform. The transaction brings Stone Point into partnership with existing investor Summit Partners (which remains invested) and follows prior ownership by Accel-KKR; the investment is intended to fuel PrismHR's growth and expand its HR/payroll capabilities for SMB-focused HR outsourcers.
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November 26, 2019
- Buyer
- Apax Partners
- Target
- Destiny
- Seller
- Mentha
- Industry
- Cloud & SaaS
- Location
- Belgium
- Type
- Buyout
Paris-based private equity firm Apax Partners has agreed to acquire 100% of Destiny from Mentha, with Destiny's management making a substantial reinvestment. Destiny is a Belgian secure cloud communications provider (VoIP, UCaaS, mobile and data networks) with ~220 employees in Belgium and the Netherlands; Apax says it will support the company's international expansion and continued acquisition strategy.
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November 20, 2019
- Buyer
- TrustArc
- Target
- Nymity, Inc.
- Industry
- Cloud & SaaS
- Location
- Ontario, Canada
- Type
- Buyout
TrustArc has acquired Toronto-based Nymity to integrate Nymity's privacy research, assessment, and data subject rights capabilities into the TrustArc Privacy Management Platform. The deal expands TrustArc's global footprint (including stronger Canada and Europe operations) and accelerates development of next-generation, intelligence-driven privacy solutions.
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November 20, 2019
- Buyer
- iOFFICE
- Target
- ManagerPlus
- Industry
- Cloud & SaaS
- Location
- Utah, United States
- Type
- Buyout
iOFFICE, a provider of digital workplace and IWMS SaaS solutions, acquired ManagerPlus, a Utah-based asset and maintenance management SaaS provider. The acquisition expands iOFFICE's cloud-based asset management capabilities and forms part of a new Asset Management Division to broaden its IWMS offering.
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November 19, 2019
- Buyer
- Connectria
- Target
- WSM International
- Industry
- Cloud & SaaS
- Location
- Michigan, United States
- Type
- Buyout
Connectria has acquired WSM International to expand its cloud migration and professional services capabilities, enabling an end-to-end cloud offering that combines Connectria’s managed services and TRIA platform with WSM’s migration, DevOps and CCOE expertise. WSM brings nearly 250 employees, roughly $60 million in annual revenue and extensive experience across North America and Europe, accelerating Connectria’s ability to migrate and onboard customers to AWS and Azure securely and compliantly.
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November 18, 2019
- Buyer
- Vobile, Inc., Accel-KKR Credit Partners
- Target
- Zefr (Rights ID and Channel ID businesses)
- Seller
- Zefr
- Industry
- Cloud & SaaS
- Location
- California, United States
- Type
- Buyout
Vobile acquired Zefr's Rights ID and Channel ID businesses to expand its video content protection and monetization platform, with financing provided by Accel-KKR Credit Partners. The deal integrates complementary content-monetization and viewer-engagement technologies to help content owners protect and monetize assets across online platforms.
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November 14, 2019
- Buyer
- Siemens
- Target
- Atlas 3D
- Industry
- Cloud & SaaS
- Location
- Indiana, United States
- Type
- Buyout
Siemens has acquired Atlas 3D, a Plymouth, Indiana startup that developed Sunata, a cloud-based, GPU-accelerated metal 3D printing optimization software. Atlas 3D will join Siemens Digital Industries Software to enhance Siemens' additive manufacturing software capabilities and accelerate customers' ability to produce high-quality metal parts.
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November 12, 2019
- Buyer
- MoxiWorks
- Target
- Imprev
- Industry
- Cloud & SaaS
- Location
- United States
- Type
- Buyout
Real-estate technology platform MoxiWorks acquired Imprev, a provider of real-estate marketing automation services, to integrate Imprev’s automated marketing capabilities into MoxiWorks’ CRM and open platform. Vector Capital, a recent financial investor in MoxiWorks, supported the transaction; financial terms were not disclosed.
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November 11, 2019
- Buyer
- Fortive Corporation
- Target
- Censis Technologies, Inc.
- Seller
- The Riverside Company
- Industry
- Cloud & SaaS
- Location
- Tennessee, United States
- Type
- Buyout
Fortive Corporation has acquired Censis Technologies, a Franklin, Tennessee-based provider of SaaS surgical instrument tracking and sterile processing workflow solutions, from The Riverside Company. Riverside said it executed a value-creation plan during its ~5-year hold—growing the sales team, completing an add-on (Applied Logic) and materially expanding hospital penetration—before selling the business to Fortive.
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November 7, 2019
- Buyer
- Greenridge Investment Partners, RF Investment Partners, GrowthZone management
- Target
- GrowthZone
- Industry
- Cloud & SaaS
- Location
- Minnesota, United States
- Type
- Buyout
Austin-based private equity firm Greenridge Investment Partners partnered with GrowthZone management to acquire GrowthZone, a Nisswa, Minnesota–headquartered provider of cloud-based association management software. RF Investment Partners provided debt financing and an equity co-investment to support the transaction; Greenridge plans to help GrowthZone invest in product development and customer support to accelerate growth.
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November 6, 2019
- Buyer
- RealPage, Inc.
- Target
- Buildium LLC
- Seller
- Sumeru Equity Partners, K1 Investment Management
- Industry
- Cloud & SaaS
- Location
- Massachusetts, United States
- Type
- Buyout
RealPage, Inc. agreed to acquire Buildium LLC for an initial purchase price of $580 million in cash, expanding RealPage’s SMB-focused property management platform. Buildium is a leading SaaS property management solution serving over 17,000 customers and ~2 million units under management, with roughly $50 million in trailing-12-month revenue (expected $60 million run-rate by year-end 2019).
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November 5, 2019
- Buyer
- Rackspace
- Target
- Onica
- Seller
- Sunstone Partners
- Industry
- Cloud & SaaS
- Location
- California, United States
- Type
- Buyout
Rackspace acquired Onica, an AWS Premier Consulting Partner and managed services provider, from Sunstone Partners in a transaction announced November 2019 and expected to close in Q4 2019. Onica had grown to more than 350 consultants across North America after Sunstone’s 2017 investment; the acquisition strengthens Rackspace’s AWS managed cloud capabilities and cloud-native consulting footprint.
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November 4, 2019
- Buyer
- SparkPost
- Target
- eDataSource
- Industry
- Cloud & SaaS
- Location
- New York, United States
- Type
- Buyout
SparkPost announced it will acquire eDataSource to combine its high-volume email sending platform with eDataSource's inbox performance and deliverability analytics. The deal creates an integrated sending-and-analytics offering designed to improve inbox placement, engagement, and measurement for enterprise email marketers.
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November 1, 2019
- Buyer
- PTC
- Target
- Onshape
- Industry
- Cloud & SaaS
- Location
- Massachusetts, United States
- Type
- Buyout
PTC completed the acquisition of Onshape, a cloud-native CAD and product development SaaS platform, to accelerate PTC's transition to a SaaS delivery model and expand its cloud CAD capabilities. Onshape will operate as a SaaS business unit within PTC with Jon Hirschtick reporting to PTC's CEO.
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November 1, 2019
- Buyer
- Symphony Talent
- Target
- SmashFly Technologies
- Industry
- Cloud & SaaS
- Location
- Massachusetts, United States
- Type
- Buyout
Symphony Talent has acquired SmashFly Technologies to combine Symphony Talent's employer brand and creative services with SmashFly's recruitment marketing and CRM platform. The deal expands the combined company's product capabilities and global footprint, positioning them to serve a broader set of large enterprise customers across healthcare, financial services, manufacturing and professional services.
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November 1, 2019
- Buyer
- Q2 Holdings, Inc.
- Target
- PrecisionLender (Lender Performance Group LLC)
- Industry
- Cloud & SaaS
- Location
- North Carolina, United States
- Type
- Buyout
Q2 Holdings, Inc. (NYSE: QTWO) completed its acquisition of Lender Performance Group LLC ("PrecisionLender") in a cash transaction valued at approximately $510 million. The purchase brings PrecisionLender's enterprise SaaS loan-pricing and sales enablement capabilities into Q2 to expand its corporate banking and commercial lending product suite.
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October 28, 2019
- Buyer
- Ellie Mae
- Target
- Capsilon
- Industry
- Cloud & SaaS
- Location
- California, United States
- Type
- Buyout
Ellie Mae has signed a definitive agreement to acquire Capsilon, a San Francisco–based provider of AI-powered mortgage automation software. The acquisition integrates Capsilon's document recognition, data extraction and autonomous underwriting capabilities into Ellie Mae's Encompass Digital Lending Platform to deliver an end-to-end cloud-based mortgage automation solution.
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- Buyer
- Periscope Equity
- Target
- Mobile Solutions Services, LLC
- Seller
- Clovis Point Capital, LLC
- Industry
- Cloud & SaaS
- Location
- Colorado, United States
- Type
- Buyout
Periscope Equity has acquired Mobile Solutions Services, LLC, a Centennial, Colorado-based software provider of full life-cycle Managed Mobility Services, from Clovis Point Capital. The transaction represents Clovis Point's exit following a growth equity partnership that helped scale Mobile Solutions' next-generation mobile expense management platform and go-to-market capabilities.
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October 24, 2019
- Buyer
- Unanet
- Target
- Clearview Software
- Industry
- Cloud & SaaS
- Location
- Virginia, United States
- Type
- Buyout
Unanet, a SaaS project-based ERP provider, has acquired Clearview Software, a developer of project-based ERP (InFocus) for architecture and engineering firms. Clearview will operate as a division of Unanet in Lynchburg, Virginia, with Clearview CEO Matt Pantana joining Unanet’s management team to help expand Unanet’s offerings for AE and other professional services firms.
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October 22, 2019
- Buyer
- Mailgun, Thoma Bravo
- Target
- Mailjet
- Industry
- Cloud & SaaS
- Location
- Île-de-France, France
- Type
- Buyout
Mailgun, a Thoma Bravo-backed email delivery platform headquartered in San Antonio, acquired Paris-headquartered email solution Mailjet to combine developer-focused APIs with Mailjet's marketing-oriented GUI and multi-language support. The deal expands Mailgun's global footprint and product capabilities, enabling a broader set of deliverability, marketing and collaboration tools for developers and marketers worldwide.
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October 22, 2019
- Buyer
- BoxCast
- Target
- Sunday Streams
- Industry
- Cloud & SaaS
- Location
- Florida, United States
- Type
- Buyout
BoxCast, a Cleveland-based live video streaming platform, acquired Sunday Streams, a church-focused streaming solution, to expand its footprint in the worship streaming market. The deal brings Sunday Streams’ customers and team into BoxCast, enabling improved features and platform capabilities for houses of worship and other faith-based organizations.
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October 21, 2019
- Buyer
- AMP Capital
- Target
- Expedient
- Seller
- Landmark Media Enterprises, LLC
- Industry
- Cloud & SaaS
- Location
- Pennsylvania, United States
- Type
- Buyout
AMP Capital agreed to acquire Expedient, a Pittsburgh-based data center and enterprise cloud (IaaS) provider, from Landmark Media Enterprises to fund continued growth and geographic expansion. The deal will provide Expedient with additional capital and flexible financing to accelerate expansion of its Enterprise Cloud and managed data center services while maintaining the current management team and operations.
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October 8, 2019
- Buyer
- Madwire, LLC
- Target
- SpaceCraft
- Industry
- Cloud & SaaS
- Location
- Texas, United States
- Type
- Buyout
Madwire, an SMB-focused marketing and business management software company, acquired SpaceCraft, a cloud-based website platform based in Austin, Texas, to integrate website-building capabilities into its Marketing 360 platform. The deal brings SpaceCraft’s ~10,000 paid subscribers and website-building technology into Madwire’s product portfolio to expand its DIY and partner-focused website offerings and accelerate SMB customer growth.
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October 7, 2019
- Buyer
- Teamworks
- Target
- INFLCR
- Industry
- Cloud & SaaS
- Location
- Alabama, United States
- Type
- Buyout
Teamworks has acquired INFLCR for an undisclosed amount; INFLCR will operate as a fully owned subsidiary with Founder & President Jim Cavale remaining in his role. Teamworks said it will invest in INFLCR to accelerate growth — expanding the platform’s collegiate and pro reach — while both brands continue to operate separately. Teamworks is based in Durham, North Carolina and has more than 100 employees; INFLCR is Birmingham, Alabama–based with about 20 employees.
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October 7, 2019
- Buyer
- N. Harris Computer Corporation
- Target
- Connecture, Inc.
- Seller
- Francisco Partners
- Industry
- Cloud & SaaS
- Location
- Wisconsin, United States
- Type
- Buyout
N. Harris Computer Corporation (a subsidiary of Constellation Software) has acquired Connecture, Inc., a Milwaukee-based provider of web-based Medicare shopping, quoting and enrollment solutions. Connecture was a portfolio company of Francisco Partners and was advised by Brentwood Capital Advisors; the deal expands Harris’s healthcare software capabilities and customer-facing Medicare enrollment offerings.
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October 7, 2019
- Buyer
- Aptean
- Target
- Beck (Beck Consulting)
- Industry
- Cloud & SaaS
- Location
- Unknown
- Type
- Buyout
Aptean, a provider of industry-specific enterprise software, has acquired Beck, a specialist provider of ERP solutions for the food industry (bcFood). The deal expands Aptean's cloud/SaaS capabilities and vertical product portfolio for food processors, manufacturers and distributors, and brings Beck’s Microsoft Dynamics 365 Business Central-based bcFood platform into Aptean’s offerings.
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October 1, 2019
- Buyer
- AudienceView
- Target
- UniversityTickets
- Industry
- Cloud & SaaS
- Location
- New York, United States
- Type
- Buyout
AudienceView, a Toronto-based provider of e-commerce SaaS for events, has acquired New York-based UniversityTickets, a ticketing and event management solution focused on higher education. The acquisition strengthens AudienceView’s product portfolio and leadership in the higher education market by adding UniversityTickets’ campus-specific features and footprint of more than 450 colleges and universities.
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September 30, 2019
- Buyer
- PushPROS
- Target
- Aimtell
- Industry
- Cloud & SaaS
- Location
- California, United States
- Type
- Buyout
PushPROS, a web push notification and AI messaging company based in Annville, Pennsylvania, has acquired Aimtell, a California-based web push notification platform founded by DJ Swanepoel. The acquisition combines Aimtell's push platform and customer base (20,000+ sites) with PushPROS's AI messaging and ad network to deliver a complete push solution and enhanced monetization and features for customers.
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September 30, 2019
- Buyer
- Continuity
- Target
- TraceRisk
- Industry
- Cloud & SaaS
- Location
- Ohio, United States
- Type
- Buyout
Continuity, a New Haven-based regulatory technology provider, has acquired Ohio-based TraceRisk, a cloud-based enterprise risk management (ERM) software provider. The acquisition integrates TraceRisk's ERM capabilities into Continuity's compliance management suite to offer a unified risk-and-compliance platform for banks, credit unions, mortgage companies and fintech firms.
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September 25, 2019
- Buyer
- Rubicon Technology Partners
- Target
- Cin7
- Industry
- Cloud & SaaS
- Location
- New Zealand
- Type
- Buyout
Rubicon Technology Partners has agreed to acquire a majority stake in Cin7, the cloud-based inventory management and POS software provider, in a deal intended to accelerate Cin7's global growth through product innovation, sales expansion and customer success. The investment is subject to approval from New Zealand's Overseas Investment Office and positions Rubicon to scale Cin7's market leadership in inventory management software.
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September 24, 2019
- Buyer
- Medallia, Inc.
- Target
- Zingle
- Industry
- Cloud & SaaS
- Location
- California, United States
- Type
- Buyout
Medallia, the San Francisco-based experience management SaaS company, acquired Zingle — a Carlsbad-based real-time mobile messaging and customer engagement platform for hospitality, travel and retail — for approximately $42 million in cash. The acquisition brings Zingle's messaging, AI-driven workflow and connector capabilities into the Medallia Experience Cloud to enable real-time feedback and action across customer journeys.
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September 20, 2019
- Buyer
- Warburg Pincus
- Target
- Qualifacts
- Seller
- Great Hill Partners
- Industry
- Cloud & SaaS
- Location
- Tennessee, United States
- Type
- Buyout
Warburg Pincus has acquired Qualifacts, a Nashville-based provider of cloud-based electronic health record (EHR) software for behavioral health and human services, from prior investor Great Hill Partners. The investment will support accelerated product development, expanded sales and marketing, and pursue strategic relationships and acquisition opportunities to grow Qualifacts' market presence.
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September 17, 2019
- Buyer
- Dental Intelligence, Inc., K1 Investment Management
- Target
- LocalMed
- Industry
- Cloud & SaaS
- Location
- Arizona, United States
- Type
- Buyout
Dental Intelligence, a Pleasant Grove, Utah-based dental practice analytics and workflow automation software provider, has acquired LocalMed, a real-time online appointment scheduling platform serving dental practices. The deal was completed prior to Dental Intelligence's $34 million Series A minority investment from K1 Investment Management, a portion of which was used to support the acquisition and further product development and go-to-market expansion.
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September 9, 2019
- Buyer
- Endurance International Group Holdings, Inc.
- Target
- Ecomdash
- Industry
- Cloud & SaaS
- Location
- North Carolina, United States
- Type
- Buyout
Endurance International Group Holdings, Inc. entered into a definitive agreement to acquire substantially all assets of Ecomdash for approximately $9.6 million in cash. The acquisition will add Ecomdash’s inventory, multichannel listing and order management capabilities to Endurance’s cloud-based SMB web presence and marketing platform; the deal was expected to close by October 1, 2019.
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September 5, 2019
- Buyer
- OptimizeRx Corporation
- Target
- RMDY Health
- Seller
- RMDY Health shareholders
- Industry
- Cloud & SaaS
- Location
- Israel
- Type
- Buyout
OptimizeRx Corporation (NASDAQ: OPRX) agreed to acquire RMDY Health, a digital therapeutics SaaS platform, for $16 million in cash and equity ($8M cash, $8M equity). The deal expands OptimizeRx's patient engagement capabilities into digital therapeutics and adds new client segments including payers, MedTech and medical associations; RMDY will retain its technology team in Tel Aviv while U.S. personnel will operate from OptimizeRx's U.S. offices.
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September 5, 2019
- Buyer
- ShowingTime.com, Inc.
- Target
- Centralized Showing Service, Inc. (CSS)
- Industry
- Cloud & SaaS
- Location
- Kansas, United States
- Type
- Buyout
ShowingTime.com, Inc. acquired Centralized Showing Service, Inc. (CSS) to combine their residential real-estate showing management capabilities and accelerate platform growth. The acquisition was financed with debt from Accel‑KKR Credit Partners and Wells Fargo Capital Finance to support the deal while avoiding equity dilution.
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September 4, 2019
- Buyer
- Providence Equity Partners
- Target
- TimeClock Plus
- Industry
- Cloud & SaaS
- Location
- Texas, United States
- Type
- Buyout
Funds advised by Providence Equity Partners made a majority investment in TimeClock Plus, a San Angelo-based workforce management software provider. Founder Jorge Ellis remains a significant shareholder and board member; Providence will support the company's growth and product expansion. Financial terms were not disclosed.
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