Skip to Content

Software - Smart Business Dealmakers

Newsletter Desktop Newsletter Mobile
February 20, 2020

MRI Software’s John Ensign: Strong Outlook For M&A — If The Deals Meet The Right Criteria

Investing in the right acquisition — rather than just making the first deal that comes along — will be critical to surviving, and even thriving, in a downturn, says MRI Software’s John Ensign....

By John Ensign

February 13, 2020

Smith Micro buys the operator business of Circle Media Labs

Pittsburgh-headquartered Smith Micro Software Inc. has acquired the operator business of Circle Media Labs Inc. for approximately $13.5 million in cash. The transaction will expand and enhance the overall capabilities Smith Micro's portfolio....

By Jayne Gest

February 12, 2020

ACP-Backed E Source Buys TROVE Predictive Data Science

ACP acquired E Source in June 2019 and last week announced the company’s acquisition of UtiliWorks Consulting. Both companies will be united under the E Source brand in the months ahead....

By Mark Scott

February 11, 2020

Carnegie Learning divests Paradigm Education Solutions

Carnegie Learning, a Pittsburgh learning technology company, has agreed to sell Paradigm Education Solutions, a post-secondary provider of print and digital learning solutions, to Kendall Hunt Publishing Co....

By Jayne Gest

February 5, 2020

Hyland Buys Learning Machine

Learning Machine is considered a pioneer in leveraging blockchain technology to authenticate documents and content....

By Mark Scott

February 5, 2020

Maven Machines raises $7M in Series A funding

Maven Machines has raised $7 million in Series A funding, led by Allos Ventures, with additional participation from Hearst Ventures, Pittsburgh-based Riverfront Ventures, which is an affiliate of Innovation Works, Great Oaks Venture Capital and existing private investors....

By Jayne Gest

January 21, 2020

Qlik buys RoxAI

Qlik has acquired RoxAI and its Ping intelligent alerting software....

By Adam Burroughs

January 9, 2020

Capital-raising tips any business can learn from

Coolfire Solutions CEO Don Sharp talks about raising capital, nurturing investor relationships and what should be understood when faced with the decision of whether, or whether not, to take on outside capital....

By Adam Burroughs

January 9, 2020

Aver closes $27M Series C funding round

Aver, a Columbus company that bundles payment and value-based health care solutions, has closed a $27 million Series C capital round. This investment will allow Aver to scale operations and grow platform capabilities....

By Jayne Gest

January 9, 2020

Plug Smart merges with Entriq Solutions

Entriq Solutions LLC, in Miamisburg, Ohio, has merged with Plug Smart, an energy services design-build firm in Columbus. This merger allows the companies to unite their talent and experience to continue to bring creative energy solutions to their customers....

By Jayne Gest

January 9, 2020

Riverside buys ImPact Applications

Itasca, Illinois-based Riverside Insights, a portfolio company of Alpine Investors, has acquired ImPACT Applications Inc., a Pittsburgh provider of research-backed concussion assessments....

By Jayne Gest

January 8, 2020

MRI Software Buys Arkansas-Based Lindsey Software

Located in Little Rock, Arkansas, Lindsey offers property management solutions designed to ease the workload of public housing managers....

By Mark Scott

January 7, 2020

Frontenac buys Prime Technology Group

Frontenac, a Chicago-based private equity firm, has acquired Prime Technology Group, a provider of outsourced application development and managed software solutions for complex, highly regulated industries from Renovus Capital Partners....

By Adam Burroughs

January 2, 2020

Bold Penguin buys Virginia-based xagent

Columbus-based Bold Penguin has acquired xagent, an independent, multi-quote platform for standard and surplus lines business insurance market. This strategic acquisition should enable Bold Penguin to better serve insurance carriers, brokers and agents through increased scale and a single choice in the market....

By Jayne Gest

December 19, 2019

Bellefield Systems sold to Aderant

Law firm software provider Aderant has acquired Sewickley-based Bellefield Systems, a software company that helps lawyers recover more billable time and grow revenue. The acquisition is a continuation of the Atlanta company’s commitment to cloud solutions for law firms and the growing market for compliance with outside counsel guidelines....

By Jayne Gest

December 5, 2019

Suvoda gets $40M from LLR Partners

The investment is the first institutional capital invested in Suvoda and is set to be used to support the company’s continued growth and the expansion of its product offerings....

By Adam Burroughs

December 4, 2019

Duolingo raises $30M in Series F funding; now valued at $1.5B

Duolingo has reached a $1.5 billion valuation after closing a $30 million Series F funding round from CapitalG, Alphabet’s growth equity investment fund and an existing investor in the company. This brings Duolingo’s total venture funding to $138 million....

By Jayne Gest

December 4, 2019

Relay Network gets $30M for growth from LLR Partners

The capital is expected to be used by Relay Network to accelerate innovation of its customer engagement platform and growth within its three primary vertical markets: health care, financial services and home services....

By Adam Burroughs

December 4, 2019

Pineapple Payments makes portfolio acquisition

Pineapple Payments, a Pittsburgh payments technology company, has made a portfolio acquisition of Paystri, a payment processing and strategic solutions company based out of Massachusetts. The transaction unlocks new integrated payment opportunities for the fintech startup....

By Jayne Gest

December 2, 2019

Prodigo Solutions raises $4.29M in venture funding

Prodigo Solutions Inc. recently raised $4.29 million in venture funding from undisclosed investors, according to PitchBook. The provider of a supply chain management platform has raised $14.79 from venture investors through three rounds since 2017....

By Jayne Gest

November 26, 2019

Hyland's Bill Priemer Uses A Methodical Approach To Identify M&A Targets

Hyland is a very acquisitive company, but it wasn’t always that way, says Bill Priemer, the software company’s president and CEO....

By Mark Scott

November 21, 2019

MRI Software buys Multifamily Insurance Partners

MRI Software, a Solon-based real estate software provider, has acquired Multifamily Insurance Partners in Pickerington, which delivers resident insurance programs for the U.S. multifamily rental market. The strategic transaction will enhance MRI’s residential offering....

By Jayne Gest

November 19, 2019

Astarte Medical raises $3.5M

Astarte Medical has closed an additional $3.5 million in financing to support the commercialization and adoption of its NICUtrition Suite....

By Adam Burroughs

November 12, 2019

Comcast Ventures leads $10.6M round for Hive

Comcast Ventures, the venture capital affiliate of Comcast Corp., is the lead investor in the $10.6 million Series A round raised by Hive, a productivity platform that has to date raised $16.7 million....

By Adam Burroughs

November 12, 2019

Loop raises $10M Series A round

Loop, the Columbus e-commerce SaaS platform, has closed a $10 million Series A funding round. The funding will allow Loop to strengthen its proprietary technology, which focuses on automating a customer’s return service, and help the company further expand....

By Jayne Gest

November 11, 2019

Aplana offloads its software testing business to IBS

IBS, a Russia-based IT services company, is reportedly set to acquire the software testing business of Aplana group....

By Adam Burroughs

November 5, 2019

Confluence’s Mark Evans builds trust to gain backing to take over a larger company

Mark Evans has found transparency to be his most powerful tool when working with private equity owners. That's how he was able to convince his new PE firm to help Confluence buy the larger, publicly traded StatPro....

By Jayne Gest

October 31, 2019

GSI Health now part of Medecision

Philadelphia-based GSI Health, a SaaS provider of workflow, engagement and compliance solutions and related services, has been acquired by Medecision, an integrated health management solutions provider....

By Adam Burroughs

October 29, 2019

Confluence purchases StatPro for $207M

Pittsburgh-based Confluence Technologies has acquired StatPro Group plc, a global provider of cloud-based portfolio analytics, asset data services and data management tools for the global asset management industry and asset management service providers. The acquisition provides Confluence a global expansion opportunity, broader range of solutions and advancement into the cloud....

By Jayne Gest

October 24, 2019

ANSYS to buy German-based Dynardo

ANSYS has agreed to acquire Dynardo, which provides simulation process integration and design optimization (PIDO) technology. The acquisition should help ANSYS customers identify optimal product designs faster and more economically....

By Jayne Gest

October 22, 2019

Fifth Season expands its vertical farming, stays focused on capital efficiency

Vertical farming is capital intensive, which is why Fifth Season co-founder and CEO Austin Webb relies on his financial analyst and investment banking background to help manage the funding for the startup, which has raised over $35 million to date....

By Jayne Gest

October 21, 2019

Nationwide invests in Upstream Security

Upstream Security, an Israel-based company that provides cybersecurity for connected vehicles, raised $30 million in a Series B funding round backed by a prominent syndicate of investors, including some of the world’s largest OEM automotive vehicle manufacturers, insurance and fleet operators....

By Jayne Gest

October 16, 2019

Riverside Exits Fisher Unitech

The Riverside Co. has sold Fisher Unitech, a provider of 3D design software tools and 3D printers, to Buffalo Grove, Illinois-based Computer Aided Technology, a portfolio company of CIVC Partners L.P....

By Mark Scott

October 14, 2019

Fitts raises investment round

Pittsburgh startup Fitt has completed an investment round. Mountain State Capital led the round with participation from Riverfront Ventures and MINDBODY, as well as continued support from previous investor TNC Ventures, which includes Bob and Bill Nutting as partners....

By Jayne Gest

October 14, 2019

Lovell Minnick Partners Buys Billhighway

Troy-based Billhighway provides SaaS-based accounting and transaction processing services to MBOs such as fraternities, sororities, unions and associations....

By Mark Scott

October 11, 2019

Navv Systems Raises $50,000 Of Angel Funding

Navv Systems is a software company that uses Indoor Positioning technology to provide pedestrian traffic control for hospitals and healthcare systems....

By Mark Scott

October 11, 2019

FMX gets strategic investment from Five Elms

Facilities Management eXpress, a facilities and maintenance management software platform, has received an undisclosed strategic investment from Five Elms Capital. The partnership with Five Elms will fuel the continued expansion of FMX....

By Jayne Gest

October 10, 2019

Fi360 to be sold to Fintech Broadridge

Broadridge Financial Solutions Inc., a $4 billion Long Island, New York-based Fintech company, has agreed to acquire Pittsburgh’s Fi360 Inc. The transaction will help enhance Broadridge’s existing retirement solutions and further strengthen the firm’s data and analytics tools and solutions....

By Jayne Gest

October 8, 2019

Battelle sells DroneDefender assets

Dedrone, a San Francisco company that specializes in counter-small unmanned aircraft systems technology, has purchased all assets and intellectual property associated with DroneDefender from Battelle. Dedrone plans to launch a new consultancy that detects and classifies airspace activity, protects assets from drone threats and defeats adversary drones....

By Jayne Gest

October 8, 2019

SPA Reaches Deal To Buy Jigsaw Systems

Cleveland-based SPA will acquire the Jigsaw assets, people, and customer contracts, and the merged business will operate under the SPA brand....

By Mark Scott

October 7, 2019

LegalSifter raises $1.2M seed round

LegalSifter Inc. raised $1.20 million of Seed 1C funding from undisclosed investors on Oct. 2, 2019, according to PitchBook, putting the company’s post-money valuation at $16.2 million....

By Jayne Gest

October 1, 2019

Epicor Buys Solon-Based 1 EDI Source Inc.

Based in Austin, Texas, Epicor provides industry-specific enterprise software to promote business growth....

By Mark Scott

September 27, 2019

MHC Software acquires Vanguard Systems after Strattam Capital investment

Headquartered in Minneapolis, MHC, with this combination, now serves over 2 million users across more than 1,100 customers....

By Adam Burroughs

September 26, 2019

Radius sold to Texas technology company

TRUNO, a national provider of integrated retail technology solutions, intends to buy Columbus-headquartered Radius Solutions, in a strategic acquisition that comes as a part of the technology partner’s continuing expansion across the country....

By Jayne Gest

September 25, 2019

Axuall lands $3M seed round

Participating in the round are JumpStart (lead), Zapis Capital Group, M25, North Coast Angel Fund, Kettledrum Ventures, and Drummond Road Capital....

By Adam Burroughs

September 19, 2019

Eurazeo Completes Purchase Of Elemica

The acquisition by Eurazeo is expected to support Elemica's expansion into new industry verticals, geographies, and product offerings through both organic growth as well as acquisitions....

By Michael Marzec

September 18, 2019

NextChapter sold to Fastcase

Fastcase, a Washington D.C. legal publisher, has acquired NextChapter, the Columbus startup that creates cloud-based bankruptcy software for attorneys and paralegals. Fastcase plans to invest in NextChapter to create products that integrate legal research, dockets and news, for bankruptcy and beyond....

By Jayne Gest

September 18, 2019

Idelic raises $8M Series A round

Idelic, a Pittsburgh-based data and analytics startup, closed an $8 million Series A financing round, led by Chicago’s Origin Ventures with participation from TDF Ventures, Birchmere Ventures, Bain Capital Ventures and SaaS Venture Capital. Idelic will use the funds to grow its engineering and sales teams, and pave the way to release a mobile application....

By Jayne Gest

September 16, 2019

F13 Works raises capital

F13 Works LLC has raised $250,000 in early-stage venture funding from undisclosed investors, according to PitchBook. The Columbus startup, founded in 2016 as a provider of an e-commerce distribution software intended to serve as the bridge between manufacturers and e-commerce stores, has raised $1.1 million to date....

By Jayne Gest

September 16, 2019

KickUp closes $1.75M Series A round

The round, which will be deployed to accelerate the company’s customer growth and platform expansion, brings KickUp’s total capital raised to $4.75 million....

By Adam Burroughs