Cloud & SaaS Acquisitions in 2025

  • Buyer
    Ellucian
    Target
    Anthology's Student Information Systems (SIS) and Enterprise Resource Planning (ERP) business
    Seller
    Anthology
    Industry
    Cloud & SaaS
    Location
    United States
    Type
    Buyout

    Ellucian completed its acquisition of Anthology's Student Information Systems (SIS) and Enterprise Resource Planning (ERP) business, which Ellucian had been named the successful bidder to acquire during Anthology's Chapter 11 bankruptcy process. Ellucian will continue to deliver and maintain the existing SIS and ERP systems for continuity, while expanding access to its broader higher-education technology ecosystem.

  • Buyer
    Alliance Entertainment Holding Corporation
    Target
    Endstate
    Industry
    Cloud & SaaS
    Type
    Buyout

    Alliance Entertainment (NASDAQ: AENT) completed the acquisition of Endstate, effective December 31, 2025, acquiring all Endstate assets and forming a wholly owned subsidiary, Endstate Authentic LLC. The purchase brings Endstate's NFC- and blockchain-enabled product authentication technology and founders into Alliance to expand authenticated resale, digital product identity, and brand protection capabilities across Alliance's global distribution network.

  • Buyer
    Brivo
    Target
    Eagle Eye Networks
    Industry
    Cloud & SaaS
    Type
    Buyout

    Brivo and Eagle Eye Networks have merged to form a single AI cloud-native physical security company operating under the Brivo name. The combined Brivo Security Suite unifies cloud access control, video intelligence, visitor management and intrusion capabilities; Dean Drako will serve as CEO and Steve Van Till as President, with U.S. headquarters in Bethesda, Maryland and Austin, Texas.

  • Buyer
    Ooma, Inc.
    Target
    Phone.com
    Industry
    Cloud & SaaS
    Type
    Buyout

    Ooma, Inc. signed a definitive agreement to acquire Phone.com, a cloud communications/UCaaS provider for SMBs, for approximately $23.2 million in cash. Ooma completed the acquisition, expanding its UCaaS footprint in the SMB market by adding a second established business communications brand.

  • Buyer
    Vista Equity Partners
    Target
    Dentira
    Industry
    Cloud & SaaS

    Dentira, a San Francisco-based procure-to-pay SaaS provider for dental practices and multi-site healthcare operators, has received a strategic growth investment from Vista Equity Partners. The funding will support Dentira's product development—including AI-driven capabilities and its Lab Marketplace & Automation Suite—to scale the company's platform across thousands of practices and DSOs.

  • Buyer
    ELL Ventures Ltd.
    Target
    Everybody Loves Languages Corp.
    Industry
    Cloud & SaaS
    Location
    Ontario, Canada
    Type
    Buyout

    Everybody Loves Languages Corp. (ELLC) and ELL Ventures Ltd. (EV) entered into a business combination agreement under which EV will amalgamate with ELLC, with all ELLC shareholders other than EV receiving cash consideration of $0.085 per share. The parties anticipate closing on or about March 10, 2026, subject to regulatory approvals, shareholder approvals, and other customary conditions.

  • December 23, 2025
    Buyer
    ZenaTech, Inc.
    Target
    Vara 3D, Inc.
    Industry
    Cloud & SaaS
    Type
    Buyout

    ZenaTech, Inc. has acquired Vara 3D, a Salt Lake City-area surveying and 3D mapping firm headquartered in Murray, Utah. The deal expands ZenaTech’s Drone-as-a-Service (DaaS) capabilities into the high-growth solar infrastructure market and supports growth into drone-based solar panel inspection, maintenance, and washing.

  • Buyer
    Coinbase
    Target
    The Clearing Company
    Industry
    Cloud & SaaS
    Location
    United States
    Type
    Buyout

    Coinbase has agreed to acquire The Clearing Company, a prediction markets startup, to help Coinbase power and scale prediction markets on its platform. The deal is aimed at accelerating The Clearing Company’s roadmap toward Coinbase’s “Everything Exchange” vision and expanding specialized talent in event-contract trading and market design.

  • Buyer
    Renvent Holdings LLC
    Target
    DataGavel
    Seller
    Johnny Friedman, Shane O'Neill
    Industry
    Cloud & SaaS
    Type
    Buyout

    Renvent Holdings LLC has acquired 100% of DataGavel from co-founders Johnny Friedman and Shane O'Neill, completing Renvent's ownership of the legaltech platform. The transaction positions Renvent to scale DataGavel's SaaS litigation analytics product, accelerate the roadmap, and expand commercial adoption among corporate defendants and defense counsel.

  • Buyer
    Stingray Group Inc.
    Target
    TuneIn Holdings, Inc., TuneIn Holdings
    Industry
    Cloud & SaaS
    Location
    United States
    Type
    Buyout

    Stingray Group Inc. entered into a definitive agreement to acquire TuneIn Holdings, a live audio streaming and ad monetization platform. The deal is valued at up to US$175 million (US$150 million paid at closing and up to US$25 million payable one year later) and was expected to close by year-end 2025; a later announcement confirmed the acquisition closed.

  • December 18, 2025
    Buyer
    VeriFast
    Target
    Opsansa
    Industry
    Cloud & SaaS
    Type
    Buyout

    VeriFast, a Toronto-based AI-powered Verification-as-a-Service platform, has acquired Opsansa, a San Francisco–based provider of automated property management support. Opsansa CEO Rowan Aldean will join VeriFast as VP of Automation to lead integration of agentic workflow automation into VeriFast’s leasing and screening platform, accelerating resident approvals and reducing operational friction for multifamily property managers.

  • Buyer
    Coursera, Inc.
    Target
    Udemy, Inc.
    Industry
    Cloud & SaaS
    Type
    Buyout

    Coursera and Udemy have signed a definitive merger agreement in an all-stock transaction valued at approximately $2.5 billion (implied equity value). The deal is expected to close in the second half of 2026 and combines Udemy’s AI-powered skills marketplace with Coursera’s university/industry partner network to build a larger workforce development and skills platform.

  • December 18, 2025
    Buyer
    RELEX Solutions
    Target
    Ida
    Industry
    Cloud & SaaS
    Location
    Île-de-France, France
    Type
    Buyout

    RELEX Solutions has acquired Ida, a Paris-based SaaS company that provides AI-driven fresh replenishment and store ordering optimization for loose and perishable grocery items. The acquisition integrates Ida’s store-level fresh optimization capabilities into RELEX’s AI-driven supply chain and retail planning platform to strengthen fresh store ordering, in-store production planning, and reduce waste while improving availability for grocery retailers across Western Europe.

  • Buyer
    Maven VCTs (managed by Maven Capital Partners)
    Target
    Digilytics
    Industry
    Cloud & SaaS
    Location
    England, United Kingdom

    The Maven VCTs have completed a £2.5 million growth capital investment in London-based AI-enabled SaaS provider Digilytics to accelerate product development and geographic expansion. The funding will support further development of Digilytics' GenAI-driven document automation platform RevEL and expansion into additional loan types and new markets, strengthening go-to-market partnerships with tier-one clients.

  • December 18, 2025
    Buyer
    CivicPlus
    Target
    Streamline
    Industry
    Cloud & SaaS
    Type
    Buyout

    CivicPlus, a public-sector SaaS provider, has acquired Streamline, a Sacramento-based provider of special-district website solutions and the DocAccess PDF-to-HTML accessibility tool. The deal adds Streamline's ADA-focused conversion technology and special district workflow features to CivicPlus' Civic Impact Platform, expanding accessibility and capabilities for local governments.

  • Buyer
    Comply365, Insight Partners, Liberty Hall Capital Partners
    Target
    MINT Holding GmbH (MINT Software Systems)
    Seller
    MINT shareholders
    Industry
    Cloud & SaaS
    Location
    Schleswig-Holstein, Germany
    Type
    Addon

    Comply365, a portfolio company of Insight Partners and Liberty Hall Capital Partners, has acquired MINT Holding GmbH (MINT Software Systems) to expand its aviation training management capabilities and accelerate development of an AI-powered TrainingManager365 platform. The acquisition integrates MINT's SaaS training management functionality into Comply365's operational content, safety and training suite to drive efficiencies and expand the combined company's offering to global airline and aviation customers.

  • Buyer
    TA Associates
    Target
    PairSoft
    Seller
    Turn/River Capital
    Industry
    Cloud & SaaS

    PairSoft, a provider of procure-to-pay automation and payment solutions, received a majority growth investment from TA Associates to support product enhancement, AI development and global expansion. Existing investor Turn/River Capital fully exited its stake; financial terms were not disclosed.

  • December 15, 2025
    Buyer
    Cvent
    Target
    Goldcast
    Industry
    Cloud & SaaS
    Type
    Buyout

    Cvent has acquired Goldcast, an AI-powered B2B video content and webinar platform, to integrate Goldcast's automated video-clipping and content-repurposing capabilities into Cvent's event marketing and management platform. The deal will allow Cvent customers to instantly convert event moments into on-brand video content and extend the lifecycle and revenue impact of webinars and events.

  • Buyer
    Bregal Milestone
    Target
    Beyond Now
    Industry
    Cloud & SaaS

    Beyond Now has secured a majority investment from European software private equity firm Bregal Milestone to accelerate global expansion, deepen product innovation, and strengthen customer success as it enters its next growth phase. The transaction is expected to close in the first quarter of 2026, subject to customary regulatory approvals.

  • Buyer
    Indus Growth Fund, Relay Investments
    Target
    Vitalwerks Internet Solutions, LLC dba No-IP
    Seller
    Existing shareholders of Vitalwerks Internet Solutions (including founder Dan Durrer)
    Industry
    Cloud & SaaS
    Type
    Buyout

    Indus Growth Fund (through its investors) has completed a majority, strategic investment in Vitalwerks Internet Solutions, LLC d/b/a No-IP, a provider of Dynamic DNS, Managed DNS, and remote access solutions. Suchit Rout (Founding Managing Partner of Indus Growth Fund) will assume the role of CEO while founder Dan Durrer moves to Founder & CTO, with additional support from investors including Relay Investments.

  • December 11, 2025
    Buyer
    Sysdyne Technologies
    Target
    Slabstack
    Industry
    Cloud & SaaS
    Type
    Buyout

    Sysdyne Technologies has acquired Slabstack to create an AI-powered, end-to-end cloud platform that unifies pricing, CRM, sales optimization, operations, dispatch, delivery and billing for construction materials producers. The acquisition expands Sysdyne’s capabilities beyond ready-mix into aggregates and asphalt while Slabstack will continue operating under its existing leadership as a standalone product within the Sysdyne family.

  • Buyer
    ID-Pal
    Target
    NorthRow
    Industry
    Cloud & SaaS
    Location
    England, United Kingdom
    Type
    Buyout

    ID-Pal, an AI-powered identity verification platform, has acquired Know Your Business specialist NorthRow to add native KYB capabilities to its compliance offering. The acquisition expands ID-Pal’s ability to deliver unified KYC/KYB/AML solutions and brings NorthRow customers such as Caxton, Equifax, and Hargreaves Lansdown into ID-Pal’s client portfolio.

  • Buyer
    AppDirect
    Target
    vCom Solutions
    Seller
    vCom direct sales team (spun out into independent advisors as part of pre-closing restructuring)
    Industry
    Cloud & SaaS
    Location
    United States
    Type
    Buyout

    AppDirect announced the closure of its acquisition of vCom Solutions for a value of over $100 million. The deal adds vCom’s network and mobility lifecycle management platform, as well as its Buyers’ Club program and managed services, into AppDirect’s unified lifecycle management and procurement suite for B2B advisors and their end customers.

  • Buyer
    Thoma Bravo
    Target
    PROS Holdings, Inc.
    Industry
    Cloud & SaaS
    Type
    Buyout

    Thoma Bravo has entered into a definitive agreement to acquire PROS Holdings in an all-cash transaction valued at approximately $1.4 billion. PROS shareholders will receive $23.25 per share in cash, and the deal is expected to close in Q4 2025 (with completion later confirmed in December 2025).

  • Buyer
    SEVA Growth LP
    Target
    Pronto
    Industry
    Cloud & SaaS

    Pronto, a Lehi, Utah–based secure, mobile-first team communications platform, received a significant minority growth investment from SEVA Growth LP. The capital will be used to accelerate sales, expand Pronto's customer footprint, and develop new product functionality and integrations; SEVA founder Shalin Mehta will join Pronto's board.

  • Buyer
    Pamlico Capital, Level Equity
    Target
    EHS Insight
    Industry
    Cloud & SaaS

    Pamlico Capital has completed a recapitalization investment in EHS Insight, a Houston-based provider of cloud-based environmental, health, and safety (EHS) software, with existing investor Level Equity making a significant re-investment. EHS Insight co-founders Gary McDonald and Eric Stevens will retain meaningful ownership stakes; the capital will support continued product innovation, customer impact, and growth.

  • Buyer
    Banyan Software, Inc.
    Target
    Northwoods Consulting Partners, Inc.
    Industry
    Cloud & SaaS
    Type
    Buyout

    Banyan Software has acquired Northwoods Consulting Partners, Inc., a provider of cloud-native software (Traverse) and services for state and county Health & Human Services agencies. The acquisition expands Banyan's public sector capabilities and will support further investments in Traverse, automation, and AI tools for frontline caseworkers.

  • Buyer
    Semify
    Target
    Dragon Metrics
    Industry
    Cloud & SaaS
    Location
    Hong Kong
    Type
    Buyout

    Semify has acquired Hong Kong–based Dragon Metrics, a global SEO, AI, and PPC reporting SaaS platform, to expand its AI optimization and international measurement capabilities. As part of the deal, Dragon Metrics co-founder Simon Lesser joins Semify as Chief Product Officer and the Dragon Metrics engineering team will be integrated into Semify’s engineering organization while the Dragon Metrics brand will continue to operate independently.

  • Buyer
    Regnology
    Target
    Wolters Kluwer Finance, Risk and Regulatory Reporting business (OneSumX)
    Seller
    Wolters Kluwer
    Industry
    Cloud & SaaS
    Location
    Netherlands

    Regnology has completed the acquisition of Wolters Kluwer’s Finance, Risk and Regulatory Reporting (FRR) business, including the OneSumX for Finance and OneSumX for Risk solutions. The deal expands Regnology’s cloud-native, AI-driven regulatory technology capabilities and brings FRR employees and products into Regnology’s global SaaS portfolio while Wolters Kluwer completes the divestment of the unit.

  • Buyer
    Sharpen Technologies, Inc. (SharpenCX), TELEO Capital Management, LLC
    Target
    Ytel, Inc.
    Industry
    Cloud & SaaS
    Type
    Addon

    Sharpen Technologies (SharpenCX), a TELEO Capital portfolio company, has acquired cloud communications provider Ytel, combining Sharpen's AI-driven contact-center capabilities with Ytel's outbound CPaaS and carrier-grade messaging/voice infrastructure. The deal is an add-on acquisition aimed at creating a unified, AI-enhanced customer experience (CX) platform that supports inbound and outbound engagement at scale.

  • Buyer
    Advent International
    Target
    Skyone
    Seller
    Inovabra Ventures, Select angel investors
    Industry
    Cloud & SaaS
    Location
    São Paulo, Brazil

    Advent International has made a strategic investment in Skyone, a Brazilian cloud, data and AI software company, through Advent's Latin American Private Equity Fund VII as part of Skyone's Series C (terms undisclosed). The funding will support Skyone's international expansion, scale its Skyone Studio and Autosky platforms, and accelerate R&D in AI and cloud capabilities. In connection with the transaction, Inovabra Ventures and select angel investors fully exited while founders and investors Henkan and BeWater remain significant shareholders.

  • Buyer
    Oakley Capital, General Atlantic
    Target
    Brevo
    Industry
    Cloud & SaaS
    Location
    Île-de-France, France

    Oakley Capital Fund VI is making a growth investment in Brevo (formerly Sendinblue) alongside growth equity investor General Atlantic, with Bpifrance and Bridgepoint remaining minority investors and management becoming the largest combined shareholder. The funding will support accelerated U.S. expansion, large-scale AI product investments and an intensified M&A strategy to scale Brevo's customer engagement SaaS platform globally.

  • Buyer
    EQT (BPEA Mid-Market Growth Partnership (MMG fund))
    Target
    PropertyMe
    Seller
    PropertyMe founders (continuing as long-term shareholders; retaining significant minority stake)
    Industry
    Cloud & SaaS
    Location
    Australia

    EQT’s BPEA Mid-Market Growth Partnership (MMG fund) agreed to invest in PropertyMe, making EQT the majority investor in the Australian and New Zealand cloud-based PropTech platform. The transaction will pair EQT’s software and AI expertise with PropertyMe’s product innovation (including AiMe and MePay) to accelerate growth and geographic expansion while the founders retain a significant minority stake.

  • Buyer
    Tata Communications
    Target
    Commotion Inc.
    Industry
    Cloud & SaaS
    Location
    United States
    Type
    Buyout

    Tata Communications has acquired a 51% majority stake in Commotion Inc., an AI-native enterprise SaaS platform that provides omnichannel CX orchestration, voice AI and autonomous digital agents. The deal (cash-only, via a stock purchase agreement) will integrate Commotion’s orchestration engine into Tata Communications’ Kaleyra Customer Interaction Suite to accelerate AI-driven capabilities across its Digital Fabric offerings.

  • Buyer
    Oakley Capital
    Target
    Paraty Tech
    Industry
    Cloud & SaaS
    Location
    Andalusia, Spain

    Oakley Capital Fund VI has made a growth investment in Paraty Tech, a Malaga-founded cloud-based hotel demand generation platform. Oakley will support Paraty's international expansion and pursue strategic acquisitions to scale the business and broaden its product offering.

  • Buyer
    Bending Spoons
    Target
    Eventbrite
    Industry
    Cloud & SaaS
    Location
    United States
    Type
    Buyout

    Eventbrite has entered into a definitive agreement to be acquired by Bending Spoons in an all-cash transaction valued at approximately $500 million. Eventbrite stockholders will receive $4.50 per share (an 82% premium), and the deal is expected to close in the first half of 2026 subject to regulatory and stockholder approvals.

  • Buyer
    Connectbase, Equality Asset Management (EAM)
    Target
    Cloud Age
    Industry
    Cloud & SaaS
    Type
    Buyout

    Connectbase has acquired Cloud Age, a telecom invoice automation and spend-management SaaS provider, integrating Cloud Age's spend-intelligence and invoice-normalization capabilities into Connectbase's connectivity transaction platform. Equality Asset Management (EAM) made a strategic investment in Connectbase to support the acquisition and accelerate global expansion.

  • Buyer
    Goldman Sachs
    Target
    Innovator Capital Management
    Industry
    Cloud & SaaS
    Type
    Buyout

    Goldman Sachs agreed to acquire Innovator Capital Management in a transaction valued at approximately $2 billion in cash and equity, subject to performance targets and regulatory approval. The deal is expected to close in the second quarter of 2026 and will expand Goldman Sachs Asset Management’s ETF lineup, adding $28 billion in assets under supervision across 159 defined outcome ETFs.

  • Buyer
    LogicMonitor
    Target
    Catchpoint
    Seller
    Battery Ventures, Sapphire Ventures
    Industry
    Cloud & SaaS
    Type
    Buyout

    LogicMonitor has completed the acquisition of Catchpoint to create an AI‑powered, end‑to‑end observability platform that combines deep infrastructure telemetry with Internet‑level visibility. Pulse 2.0 reported the deal is valued at over $250 million; Cantor Fitzgerald advised Catchpoint while Jefferies LLC and William Blair advised LogicMonitor.

  • Buyer
    ATS Mako, Saffar Capital
    Target
    Applicant Starter
    Industry
    Cloud & SaaS
    Type
    Addon

    ATS Mako, a portfolio company of Saffar Capital, has acquired Applicant Starter to expand its applicant tracking and hiring automation footprint and accelerate customer migrations to the ATS Mako platform. Applicant Starter's platform will be discontinued and users are being offered an exclusive upgrade and white‑glove migration package to ATS Mako.

  • Buyer
    PayRange LLC
    Target
    KioSoft Technologies
    Industry
    Cloud & SaaS
    Type
    Buyout

    PayRange announced it will acquire KioSoft Technologies, a global provider of cashless payment and IoT solutions for unattended retail machines. The deal is intended to modernize millions of coin-operated and self-service machines by combining PayRange’s mobile-first payments platform with KioSoft’s footprint and operator network. Financial terms were not disclosed.

  • Buyer
    Castik Capital
    Target
    Interact Software
    Seller
    Perwyn
    Industry
    Cloud & SaaS
    Location
    United Kingdom
    Type
    Buyout

    Perwyn has entered an agreement to exit its holding in Interact Software, selling it to funds managed by Castik Capital. Interact is headquartered in Manchester, UK and provides a SaaS platform for internal communication, knowledge sharing, and employee engagement.

  • Buyer
    Cegid
    Target
    Shine
    Industry
    Cloud & SaaS
    Location
    France
    Type
    Buyout

    Cegid has entered into a definitive agreement to acquire Shine, combining cloud software for finance/accounting/HR/retail with Shine’s fintech capabilities. The companies aim to create a unified, cloud-native, AI-driven financial hub for small and medium-sized businesses and accountants across major European markets.

  • Buyer
    Thoma Bravo
    Target
    Verint Systems, Inc., Verint (Verint Systems, Inc.), Verint Systems, Inc. (
    Industry
    Cloud & SaaS
    Type
    Buyout

    Thoma Bravo agreed to acquire Verint Systems, Inc. for an all-cash transaction valued at about $2 billion. The deal was completed on November 26, 2025, and Thoma Bravo combined Verint with its portfolio company Calabrio to create a broader AI-powered customer experience (CX) automation platform.

  • Buyer
    Zeta Global
    Target
    Marigold (enterprise software business), Marigold Loyalty, Cheetah Digital, Selligent, Sailthru, Liveclicker, Grow
    Seller
    Marigold
    Industry
    Cloud & SaaS
    Type
    Buyout

    Zeta Global has completed the acquisition of Marigold's enterprise software business (including Marigold Loyalty, Cheetah Digital, Selligent, Sailthru, Liveclicker, and Grow) for aggregate consideration of up to $325 million. The deal expands Zeta's AI marketing platform capabilities across loyalty, omni-channel engagement, and personalization, broadening its enterprise customer base and subscription revenue streams.

  • Buyer
    TA Associates
    Target
    Aeris
    Industry
    Cloud & SaaS

    TA Associates has made a strategic minority growth investment in Aeris, a long-standing provider of SaaS-based IoT connectivity solutions. The capital will support Aeris' global expansion and product development—particularly in agentic AI, IoT security, and partner integrations—while TA will join Aeris' board; financial terms were not disclosed.

  • Buyer
    Workday
    Target
    Pipedream
    Industry
    Cloud & SaaS
    Type
    Buyout

    Workday has signed a definitive agreement to acquire Pipedream, an AI integration platform for connecting AI agents to enterprise systems. The acquisition is expected to deepen Workday’s enterprise AI strategy by linking trusted HR and finance data with more than 3,000 business applications.

  • November 21, 2025
    Buyer
    DealHub.io
    Target
    Subskribe
    Industry
    Cloud & SaaS
    Type
    Buyout

    DealHub.io has acquired Subskribe, a subscription management, consumption metering, and billing platform, to integrate advanced billing and revenue capabilities into its AI-powered Quote-to-Revenue platform. The deal expands DealHub's CPQ offering to provide end-to-end revenue orchestration—covering quoting, subscription management, usage-based billing, and revenue recognition—for SaaS and AI-first enterprises.

  • November 20, 2025
    Buyer
    Yello
    Target
    Symba
    Industry
    Cloud & SaaS
    Type
    Buyout

    Yello, a provider of early-talent acquisition software, has acquired Symba, a platform for new-hire readiness and internship/onboarding management. The deal will integrate Symba’s onboarding and engagement tools into Yello’s campus recruiting suite and bring Symba’s founding team into Yello to accelerate product integration and expand capabilities for early-career talent programs.

  • Buyer
    RedSail Technologies
    Target
    RxMile
    Seller
    Kunal Vyas, Ziad Elmalki
    Industry
    Cloud & SaaS
    Type
    Buyout

    RedSail Technologies has acquired RxMile, a delivery management platform built for independent pharmacies, to expand its pharmacy delivery and patient-centered technology capabilities. The acquisition integrates RxMile's HIPAA-compliant delivery routing, real-time tracking, and communications features into RedSail's portfolio to help its network of pharmacies improve delivery operations and patient service.

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