Software Buyout Acquisitions in 2020
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December 31, 2020
- Buyer
- ECI Software Solutions
- Target
- Shoptech Industrial Software Corp.
- Industry
- Software
- Location
- Connecticut, United States
- Type
- Buyout
ECI Software Solutions signed a definitive agreement to acquire Glastonbury, Connecticut–based Shoptech Industrial Software Corp., a provider of ERP software for job shops and made-to-order manufacturers. Upon closing (expected in Q4 2020), Shoptech will join ECI's Manufacturing division; terms were not disclosed.
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December 31, 2020
- Buyer
- Dura Software
- Target
- Vertex Systems
- Industry
- Software
- Location
- Ohio, United States
- Type
- Buyout
Dura Software, a San Antonio-based acquirer of hyper-niche software businesses, has acquired Vertex Systems, a Columbus, Ohio company that provides software for organizations serving adults with disabilities. The purchase expands Dura's footprint into the human-services/healthcare software market; Vertex will move its corporate headquarters to San Antonio while retaining its Columbus workforce.
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December 31, 2020
RapidAPI has acquired Paw, a popular API design and collaboration tool, to extend its developer platform across the full API development lifecycle. The deal will integrate Paw's API design capabilities into RapidAPI's marketplace and enterprise tooling and expand Paw's platform from Mac-only to Windows, Linux, and web.
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December 30, 2020
- Buyer
- onX
- Target
- Adventure Projects, Inc.
- Industry
- Software
- Location
- Colorado, United States
- Type
- Buyout
onX, the outdoor GPS mapping and navigation company, has acquired Adventure Projects, Inc., the operator of community-driven outdoor guide sites and mobile apps (including Mountain Project, MTB Project, Hiking Project, Powder Project, and Trail Run Project). onX said it will continue to work with Adventure Projects' contributors and CEO Nick Wilder while integrating their guide content and communities into onX's mapping products to enhance outdoor discovery and access.
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December 28, 2020
- Buyer
- Yardi
- Target
- CommissionTrac
- Industry
- Software
- Location
- Georgia, United States
- Type
- Buyout
Yardi acquired CommissionTrac, an Atlanta-based revenue-management SaaS for commercial real estate brokerages, and will integrate the platform into its CommercialEdge suite. The CommissionTrac team will continue to support existing clients while contributing its commission, pipeline and invoicing capabilities to Yardi's commercial product offerings.
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December 23, 2020
- Buyer
- CAI Software, LLC
- Target
- Radley Corporation
- Industry
- Software
- Location
- Rhode Island, United States
- Type
- Buyout
CAI Software, LLC has acquired Radley Corporation, a developer of electronic data interchange (EDI) and data collection software for manufacturers and distributors. Radley will operate as a subsidiary of CAI and will continue to maintain its sales, support and development operations; financial terms were not disclosed and the transaction closed on December 23, 2020.
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December 22, 2020
- Buyer
- Honeywell
- Target
- Sparta Systems
- Seller
- New Mountain Capital
- Industry
- Software
- Location
- New Jersey, United States
- Type
- Buyout
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.
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December 17, 2020
- Buyer
- Learning Pool
- Target
- Remote Learner
- Industry
- Software
- Location
- Colorado, United States
- Type
- Buyout
Learning Pool, a PE-backed learning technology group, has acquired Remote Learner, a Denver-based LMS specialist, to grow its North American presence and add capability to its portfolio. Remote Learner — which has around 35 staff and 300+ customers including Indeed and Royal Caribbean — will be led by Dr. Page Chen as CEO and join the Learning Pool Group board.
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December 17, 2020
Onit, Inc. acquired AXDRAFT, a Kyiv-based document automation company, to expand its contract lifecycle management and document drafting capabilities. AXDRAFT will operate as an independent subsidiary and continue to offer its multilingual, AI-driven document automation platform to corporate legal departments.
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December 17, 2020
- Buyer
- Valsoft Corporation
- Target
- WiSys
- Industry
- Software
- Location
- Georgia, United States
- Type
- Buyout
Valsoft Corporation, a Montreal-based acquirer of vertical market software businesses, has acquired WiSys, a Marietta, Georgia–headquartered provider of warehouse management solutions. WiSys CEO Michael Hollinger will remain in place as the company is integrated into Valsoft’s portfolio as part of Valsoft’s entry into the warehouse management vertical.
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December 16, 2020
- Buyer
- EQT Private Equity (EQT Partners)
- Target
- Storable
- Seller
- Cove Hill Partners, Management
- Industry
- Software
- Location
- Texas, United States
- Type
- Buyout
EQT Private Equity has made a majority investment in Storable, a leading software and technology provider for the self-storage industry; Cove Hill Partners and management will retain a minority stake. The investment will support Storable’s scaling through product innovation and commercial expansion; Storable is headquartered in Austin, Texas and has ~440 employees.
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December 16, 2020
Amsterdam-headquartered MessageBird has acquired London-based real-time web technologies company Pusher for $35 million. The acquisition brings Pusher's 25-person team and real-time in-app messaging, push notifications and developer-facing APIs into MessageBird to expand its omnichannel communications platform.
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December 15, 2020
- Buyer
- Tinubu Square Group
- Target
- SuretyWave LLC
- Seller
- SuretyWave LLC
- Industry
- Software
- Location
- United States
- Type
- Buyout
Tinubu Square Group has acquired the assets of SuretyWave LLC, including its cloud-based surety bond processing system SurePath Digital, to extend its end-to-end SaaS offering for the surety and credit insurance value chain. The asset acquisition complements Tinubu's existing Tinubu eSURETY platform by adding capabilities for agents and brokers, enabling greater automation and integration across carriers, brokers, and agents.
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December 10, 2020
- Buyer
- SE2
- Target
- Convergent Financial Technologies
- Industry
- Software
- Location
- New Jersey, United States
- Type
- Buyout
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.
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December 9, 2020
- Buyer
- J.F. Lehman & Company
- Target
- CodeMettle, LLC
- Seller
- Selling shareholders
- Industry
- Software
- Location
- Georgia, United States
- Type
- Buyout
J.F. Lehman & Company, through an investment affiliate, has acquired CodeMettle, LLC in partnership with the company's founders and management. CodeMettle, headquartered in Atlanta, provides proprietary and custom software for management of critical communication networks used by defense, government and commercial customers; JFLCO said the acquisition will accelerate CodeMettle's growth in defense and government markets.
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December 9, 2020
- Buyer
- Aspen Technology, Inc.
- Target
- OptiPlant
- Industry
- Software
- Location
- California, United States
- Type
- Buyout
Aspen Technology, Inc. (AspenTech) has acquired OptiPlant, a Walnut Creek–based developer of AI-driven 3D conceptual plant layout and engineering automation software. The acquisition expands AspenTech’s industrial AI and conceptual design capabilities and integrates OptiPlant’s layout and routing solutions with AspenTech’s process modeling and cost-estimating products.
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December 8, 2020
- Buyer
- Sovos
- Target
- LTtax
- Industry
- Software
- Location
- New York, United States
- Type
- Buyout
Sovos, a Boston-based global tax software provider, has acquired LTtax, a New York–based payroll withholding and unemployment tax software provider that serves large retailers, financial institutions and insurers. The deal brings LTtax's automated wage withholding capabilities into Sovos' tax information reporting suite, enabling Sovos to support payroll wage withholding (941 series) while strengthening non-wage withholding automation for 945 and 1042 reporting; terms were not disclosed.
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December 8, 2020
- Buyer
- Banneker Partners, Versaterm management team
- Target
- Versaterm
- Industry
- Software
- Location
- Ontario, Canada
- Type
- Buyout
Banneker Partners, an enterprise software-focused private equity firm, has acquired control of Versaterm alongside Versaterm's management team. The investment will support team growth, continued product innovation, and stronger customer relationships for the Ottawa-based public safety software provider.
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December 7, 2020
- Buyer
- TZP Group
- Target
- Awareness Technologies, Inc.
- Industry
- Software
- Location
- Connecticut, United States
- Type
- Buyout
TZP Group, a New York-based private equity firm, has acquired Awareness Technologies, Inc., a Westport, Connecticut provider of endpoint monitoring, productivity, parental-control and analytics software. Financial terms were not disclosed; TZP named Elizabeth Harz as Awareness Technologies' CEO and said the investment is the first for its TZP Small Cap Partners II fund to capitalize on increased remote work and growing demand for device monitoring solutions.
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December 3, 2020
- Buyer
- Thoma Bravo
- Target
- Flexera
- Seller
- TA Associates, Ontario Teachers' Pension Plan Board
- Industry
- Software
- Location
- Illinois, United States
- Type
- Buyout
Thoma Bravo has agreed to acquire a majority interest in Flexera, a Chicago-area software company that provides IT asset management and software monetization solutions. Existing investors TA Associates and the Ontario Teachers' Pension Plan will remain meaningful shareholders as Thoma Bravo partners with management to accelerate growth and expand Flexera's SaaS offerings such as Flexera One.
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December 2, 2020
- Buyer
- MeridianLink
- Target
- TazWorks
- Industry
- Software
- Location
- Utah, United States
- Type
- Buyout
MeridianLink has signed a definitive agreement to acquire certain assets of TazWorks, the developer of the TazCloud background screening platform and suite of screening applications. The acquisition is intended to complement MeridianLink’s Mortgage Credit Link business and accelerate product development and API capabilities for consumer reporting agencies and screening customers.
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December 1, 2020
- Buyer
- Gimmal LLC
- Target
- Infolinx
- Industry
- Software
- Location
- Maryland, United States
- Type
- Buyout
Gimmal LLC has acquired Infolinx, a Maryland-based provider of physical records management software, to expand Gimmal's physical records management capabilities within its Gimmal Records Management platform. The deal adds warehouse and space management, legacy physical-records migrations, asset tracking and third-party storage integrations to Gimmal's offering; Madison Park Group advised Gimmal and DecisionPoint advised Infolinx.
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November 30, 2020
- Buyer
- MIB Group, Inc.
- Target
- Paperless Solutions Group (PSG)
- Industry
- Software
- Location
- Florida, United States
- Type
- Buyout
MIB Group, Inc. announced the acquisition of Paperless Solutions Group (PSG) to expand its portfolio of digital solutions for the life insurance industry. The deal brings PSG's cloud-based tools for application processing, signatures, policy delivery and underwriting automation into MIB's offerings to accelerate and streamline insurance application and underwriting workflows.
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November 30, 2020
- Buyer
- EveryAction
- Target
- Mobilize
- Industry
- Software
- Location
- New York, United States
- Type
- Buyout
EveryAction, a provider of CRM and fundraising technology for nonprofits, acquired Mobilize, an events management and volunteer recruitment platform. The deal brings Mobilize’s supporter engagement network and event tools into EveryAction’s nonprofit-focused CRM to provide integrated online/offline organizing, event management, and improved supporter conversion for nonprofit and advocacy clients.
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November 25, 2020
NorthEdge has invested via its SME fund to support a primary management buyout of Altia-ABM, a UK-based specialist investigation and covert operations software business. The investment will fund product and cloud development, expand Altia-ABM's addressable market into additional private-sector customers and international territories, and support potential strategic acquisitions.
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November 22, 2020
- Buyer
- CoStar Group, Inc.
- Target
- Homesnap, Inc.
- Industry
- Software
- Location
- District of Columbia, United States
- Type
- Buyout
CoStar Group, Inc. agreed to acquire Homesnap, Inc. for $250 million in cash. Homesnap, a Washington, D.C.-area residential real estate software platform used by over 300,000 agents (about 150 employees, ~$40M projected 2020 revenue), will expand CoStar's offerings into the residential real estate market and broaden its addressable market.
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November 20, 2020
Apax Partners Development has taken a majority stake in DIAPASON, a France-based treasury, payments and risk management software provider. Apax will support DIAPASON's growth—targeting larger corporates and the mid-market, international expansion, and add-on acquisitions—while founder Pascal Kravitzch and the management team remain significant investors.
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November 17, 2020
- Buyer
- PDF Solutions, Inc.
- Target
- Cimetrix Incorporated
- Industry
- Software
- Location
- Utah, United States
- Type
- Buyout
PDF Solutions, Inc. has entered into a definitive agreement to acquire Cimetrix Incorporated for $35.0 million net of cash. The acquisition combines Cimetrix's factory equipment connectivity products and Sapience cloud platform with PDF Solutions' Exensio analytics to improve data quality and deliver advanced analytics and ML-driven intelligence for semiconductor and electronics manufacturing.
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November 17, 2020
- Buyer
- Century Technology Group
- Target
- Mutually Human
- Industry
- Software
- Location
- Michigan, United States
- Type
- Buyout
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.
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November 17, 2020
- Buyer
- RollKall
- Target
- Cover Your Assets (CYA)
- Industry
- Software
- Location
- New York, United States
- Type
- Buyout
RollKall, an Irving, Texas–based off-duty law enforcement staffing platform, has acquired Cover Your Assets (CYA), a provider of off-duty management SaaS. The deal combines two off-duty management platforms to create the largest national provider in the off-duty/extra-duty law enforcement staffing market and accelerates RollKall's market consolidation and capability expansion.
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November 17, 2020
- Buyer
- Aptean
- Target
- Open Systems Adaptable Solutions (OSAS)
- Industry
- Software
- Location
- Minnesota, United States
- Type
- Buyout
Aptean has acquired Open Systems Adaptable Solutions (OSAS), a Minnesota-based ERP software provider, to strengthen its process and discrete manufacturing ERP capabilities. OSAS, founded in 1976 and serving nearly 2,500 customers across North America, brings cloud-native ERP solutions that Aptean will integrate to expand its product offerings and accelerate growth.
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November 17, 2020
- Buyer
- Volaris Group, Constellation Software Inc.
- Target
- medaptus
- Industry
- Software
- Location
- Massachusetts, United States
- Type
- Buyout
Volaris Group, an operating group of Constellation Software Inc., has acquired medaptus, a Boston-based healthcare IT software company. The acquisition expands Volaris’ healthcare software portfolio by adding medaptus’ revenue cycle, patient assignment, and throughput automation solutions to its vertical market offerings.
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November 16, 2020
- Buyer
- Xpansiv CBL Holding Group (XCHG)
- Target
- Venus Technology Ventures
- Industry
- Software
- Location
- United States
- Type
- Buyout
Xpansiv CBL Holding Group (XCHG) acquired Venus Technology Ventures to integrate Venus’s voice-enabled, mobile trading technology into XCHG’s commodity exchange platforms and launch the H2OX mobile trading app. Venus co-founders joined XCHG as part of the deal to expand mobile access and real-time market data across XCHG’s water, energy and environmental commodity markets.
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November 11, 2020
- Buyer
- Synopsys, Inc.
- Target
- Moortec Semiconductor Limited
- Industry
- Software
- Location
- United Kingdom
- Type
- Buyout
Synopsys announced on November 11, 2020 that it has acquired Moortec, a UK-based provider of in‑chip process, voltage and temperature (PVT) sensors and monitoring IP. The acquisition integrates Moortec's on‑chip sensing technology into Synopsys' Silicon Lifecycle Management (SLM) platform to improve chip performance analytics and lifecycle optimizations.
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November 10, 2020
- Buyer
- Mitratech
- Target
- INSZoom
- Industry
- Software
- Location
- California, United States
- Type
- Buyout
Mitratech, a provider of legal and compliance software, has acquired INSZoom, a cloud-based immigration case management provider headquartered in Pleasanton, California with development operations in Bangalore, India. The deal expands Mitratech's immigration compliance and case management capabilities and integrates INSZoom’s cloud-based platform and automation features into Mitratech’s suite of legal and HR risk solutions.
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November 10, 2020
- Buyer
- Top Echelon Software
- Target
- CATS Software
- Industry
- Software
- Location
- Minnesota, United States
- Type
- Buyout
Top Echelon Software has acquired CATS Software, combining two SaaS applicant-tracking solutions to create a larger mid-market ATS provider. The deal expands Top Echelon's customer and revenue base (together serving 4,000+ customers according to the release), strengthens product capabilities, and offers CATS customers access to the Top Echelon Network.
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November 9, 2020
- Buyer
- Sapiens International Corporation
- Target
- Tia Technology A/S
- Seller
- EQT Mid Market (EQT Partners)
- Industry
- Software
- Location
- Capital Region of Denmark, Denmark
- Type
- Buyout
EQT Mid Market has agreed to sell Tia Technology A/S, a Denmark-headquartered provider of insurance software solutions, to Sapiens International Corporation. Under EQT's ownership Tia expanded its product portfolio, accelerated cloud capabilities and grew its employee base to about 200; the deal is expected to close by the end of November 2020.
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November 9, 2020
- Buyer
- Battery Ventures
- Target
- StoneEagle F&I
- Industry
- Software
- Location
- Texas, United States
- Type
- Buyout
Battery Ventures has made a majority investment in StoneEagle F&I, a Richardson, Texas-based provider of finance-and-insurance (F&I) software and third‑party administration solutions for the automotive industry. The partnership will support StoneEagle's organic growth and create a platform for pursuing acquisitions; Battery partner Russell Fleischer will join StoneEagle's board.
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November 6, 2020
- Buyer
- VHV Group
- Target
- Eucon Group
- Seller
- Hg
- Industry
- Software
- Location
- North Rhine-Westphalia, Germany
- Type
- Buyout
VHV Group has agreed to acquire Eucon Group from Hg; terms were not disclosed and the transaction is subject to customary antitrust approvals. Eucon is a Münster-based provider of data-driven software and digital platform solutions for the automotive aftermarket, insurers and real-estate invoice management; VHV will use the acquisition to expand its digital claims and data capabilities.
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November 5, 2020
Banyan Software, a permanent-capital acquirer of niche enterprise software businesses, has acquired RinkNet, the leading scouting and player-management software for hockey teams headquartered in Waterloo, Ontario. RinkNet—used by all 32 NHL teams and hundreds of amateur teams—will continue under founder Jim Price, who will remain with the business as Banyan invests to grow the platform for its customers.
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November 3, 2020
- Buyer
- SitusAMC Holdings Corp.
- Target
- rSquared CRE, LLC
- Industry
- Software
- Location
- California, United States
- Type
- Buyout
SitusAMC Holdings Corp. has acquired commercial real estate technology provider rSquared CRE, LLC, adding rSquared's valuation and underwriting tool rDCF and budgeting/reforecasting product rBudget to its CRE technology suite. rSquared's management will be retained to support integration; financial terms were not disclosed.
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November 2, 2020
- Buyer
- Phone2Action
- Target
- GovPredict
- Industry
- Software
- Location
- District of Columbia, United States
- Type
- Buyout
Phone2Action acquired GovPredict to integrate GovPredict's legislative and campaign finance monitoring and intelligence into Phone2Action’s advocacy platform, broadening capabilities for government affairs and grassroots advocacy teams. The deal brings the combined business to more than 1,000 clients and adds GovPredict CEO Emil Pitkin to Phone2Action's management team.
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November 2, 2020
- Buyer
- Bregal Unternehmerkapital
- Target
- STP
- Seller
- Hg
- Industry
- Software
- Location
- Baden-Württemberg, Germany
- Type
- Buyout
Bregal Unternehmerkapital has agreed to acquire STP, a Karlsruhe-based legal tech provider, from Hg. STP — which employs around 200 people and serves over 1,800 customers with workflow automation, ERP, outsourcing and data solutions for insolvency and legal practitioners — will partner with Bregal to accelerate new product and service introductions; terms were not disclosed and the deal is subject to customary approvals.
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October 29, 2020
- Buyer
- Corsair Gaming, Inc.
- Target
- EpocCam (developed by Kinoni)
- Industry
- Software
- Location
- Finland
- Type
- Buyout
Corsair Gaming, Inc. acquired smartphone app EpocCam and will integrate it under its Elgato subsidiary to expand its content-creator product portfolio. EpocCam — a popular iOS app with over 5 million downloads — was relaunched within the Elgato ecosystem and its creator, Sami Grohn, joined Elgato as Principal Software Engineer.
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October 27, 2020
- Buyer
- Procore Technologies, Inc.
- Target
- Esticom
- Industry
- Software
- Location
- Texas, United States
- Type
- Buyout
Procore Technologies has acquired Esticom, a cloud-based construction estimating and takeoff solution, to add estimating functionality to Procore’s preconstruction offerings. Terms were not disclosed; Procore plans to fully integrate Esticom into the Procore platform to improve accuracy and connectivity across the construction lifecycle.
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October 27, 2020
- Buyer
- ServiceTitan
- Target
- Servant Systems
- Industry
- Software
- Location
- Michigan, United States
- Type
- Buyout
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.
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October 26, 2020
Gimmal LLC, a Houston-based information governance software provider, has acquired Calgary-based ECM Wise Corp, an enterprise content management and migration solutions firm. The purchase adds ECM Wise's migration software and team to Gimmal's product suite (marketed as Gimmal Migration), expanding Gimmal's migration capabilities; Madison Park Group served as financial advisor to Gimmal on the deal.
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October 23, 2020
- Buyer
- SolarWinds
- Target
- SentryOne
- Industry
- Software
- Location
- North Carolina, United States
- Type
- Buyout
SolarWinds has signed a definitive agreement to acquire SentryOne, a provider of database performance monitoring and DataOps solutions for SQL Server and the Microsoft Data Platform. The acquisition expands SolarWinds' database performance management capabilities to better serve Microsoft and Azure environments across mid-market and larger organizations; the transaction is expected to close later this month.
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October 22, 2020
Hyland has completed its acquisition of Alfresco, bringing Alfresco’s content services platform, technology and products into Hyland’s portfolio. The deal expands Hyland’s content services capabilities and global footprint while enabling Alfresco customers to continue using and extending Alfresco solutions under Hyland’s support and cloud platform.
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October 21, 2020
- Buyer
- Vector Capital
- Target
- MarkLogic Corporation
- Industry
- Software
- Location
- Massachusetts, United States
- Type
- Buyout
Private equity firm Vector Capital completed the acquisition of MarkLogic Corporation, a provider of enterprise data integration and data management solutions. Vector named Adrian Carr as CEO and said it will partner with management to accelerate MarkLogic’s growth, including its automated cloud offering, Data Hub Service.
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