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August 6, 2020

MRI Software Buys MacMunnis

Solon-based MRI Software has acquired Chicago-based MacMunnis Inc., a provider of lease administration solutions to  businesses managing complex lease portfolios....

By Michael Marzec

August 3, 2020

3Cloud acquires Applied Cloud Systems

3Cloud, a Microsoft Azure services firm, has acquired Applied Cloud Systems, a Microsoft consultancy....

By Adam Burroughs

July 30, 2020

Branch Secures $24 Million Series A

Branch, a technology-driven home and auto insurance company, has closed a $24 million Series A funding round co-led by Greycroft and HSCM Bermuda....

By Adam Burroughs

July 28, 2020

Modern Hire, with The Riverside Co. support, acquires Sonru

Sonru, a provider of automated video interviewing technology, has been acquired by Modern Hire, with financial support from The Riverside Co....

By Adam Burroughs

June 10, 2020

Othot raises $1.32M in funds

Othot Inc. recently raised $1.32 million of venture funding in the form of convertible debt from undisclosed investors, according to PitchBook. The Pittsburgh developer of cloud-based software designed for predictive analytic services has raised $8.83 million to date....

By Jayne Gest

June 8, 2020

MRI Completes Deal To Buy UK-Based Castleton Technology

MRI’s acquisition of Castleton, along with that of Orchard Information Systems in March, extends its offering in the social housing market in the UK, Ireland and Australia. The combination is intended to boost MRI’s ability to empower social housing providers to adopt digital innovations and customer-centric technologies, while accelerating the development of cloud-based solutions for the sector....

By SBN Staff

June 3, 2020

Proformex’s Lou Schneeberger: Focus On The Fundamentals Now, Make A Good Deal Later

Business owners who can keep their companies afloat during a global pandemic will be quite attractive to investors when the economy begins to grow again, says R. Louis Schneeberger, executive chairman at Proformex....

By Dustin S. Klein & Mark Scott

June 2, 2020

Volkswagen’s $2.6B investment in Argo AI closes

Volkswagen AG’s investment in Argo AI has closed, which solidifies the Pittsburgh-headquartered business’s capital position and differentiates it as the only self-driving technology platform company with partnerships and commercial agreements, via Ford and Volkswagen, for deployment across the U.S. and Europe....

By Jayne Gest

May 11, 2020

Edge Case Research Raises VC Funding

Edge Case Research Inc. recently raised $8 million in venture funding from undisclosed investors, PitchBook reports. The Pittsburgh company is developing vehicle safety systems intended to make autonomous vehicles safe....

By Jayne Gest

May 6, 2020

Voci Technologies sale complete

San Francisco-based Medallia Inc. has completed the acquisition of the speech-to-text platform, Voci Technologies....

By Jayne Gest

April 29, 2020

Niche raises $35M in Series C funds

Niche — a Pittsburgh-based school search platform connecting people to the right K-12 school or college — has raised $35 million in Series C funding led by Radian Capital, with additional participation from Salesforce Ventures, as well as existing investors Allen & Company LLC and Tim Armstrong....

By Jayne Gest

April 27, 2020

Seamless.AI raises $2.4M in funding

Seamless.AI, a Worthington-based provider of sales automation software, has raised $2.4 million of venture funding....

By Jayne Gest

April 24, 2020

Intellinetics purchases CEO Image Systems assets

Intellinetics Inc., a Columbus cloud-based document solutions provider, has acquired substantially all the assets of CEO Imaging Systems Inc., doing business as CEO Image Systems, a Michigan document solutions company....

By Jayne Gest

April 23, 2020

JAAS Systems Sells Manufacturing Software Business To Acumatica

Footprint Capital acted as the exclusive sell-side advisor to JAAS, working with both parties to consummate the agreement under a tight deadline for announcement at the 2020 Acumatica Summit earlier this year....

By Michael Marzec

April 22, 2020

Voci Technologies sold to Medallia

Medallia Inc., a global provider of experience management, has agreed to acquire Pittsburgh-based Voci Technologies, the real-time speech to text platform, for $59 million in cash....

By Jayne Gest

April 16, 2020

MRI Software acquire Castleton Technology PLC

MRI expects that, upon close, the acquisition will extend its residential market offering and accelerate the development of Castleton’s cloud-based technologies to serve the needs of social housing providers....

By Adam Burroughs

April 14, 2020

Duolingo adds $10M in funding

Duolingo Inc. recently raised an additional $10 million in venture funding from undisclosed investors, according to PitchBook. This brings the total funding raised to date to $148.3 million....

By Jayne Gest

April 9, 2020

Riverside Adds QueTel To Omnigo Safety Platform

The Cleveland PE firm has acquired Virginia-based QueTel, a provider of digital and physical evidence management software, as an add-on to its Omnigo Software platform....

By Michael Marzec

April 6, 2020

Innovu raises venture funding

Innovu LLC recently raised $4.58 million in venture funding from undisclosed investors, PitchBook reports....

By Jayne Gest

March 18, 2020

JumpStart leads $5.5M Series A investment in ReadySet

ReadySet Surgical, a Cincinnati health care IT company, has raised $5.5 million in a Series A financing round led by Cleveland-based JumpStart Inc.’s NEXT Fund. Also participating in the round are all of ReadySet’s seed-round investors and new investor North Coast Ventures....

By Jayne Gest

March 17, 2020

RoadRunner Recycling closes $28.6M Series C funding round

RoadRunner Recycling has raised a $28.6 million Series C financing round. The round was co-led by e.ventures and Greycroft, with additional participation from Franklin Templeton and existing investors, Adams Capital Management in Pittsburgh and FJ Labs....

By Jayne Gest

March 17, 2020

Dealer Venom purchases WebKite tech

Dealer Venom has acquired the technology from WebKite Inc. With this transaction, Dealer Venom further extends its reach in the digital automotive retail space and lays the foundation to expand its offerings....

By Jayne Gest

March 11, 2020

Nexus purchased by Medicus IT

Medicus IT, a health care-focused managed services provider based in Alpharetta, Georgia, has acquired Nexus Practice IT Services, a Columbus health care managed IT services provider....

By Jayne Gest

March 10, 2020

Containership assets acquired by Hitachi Vantara

The assets of Pittsburgh-based startup Containership have been acquired by Hitachi Vantara, an information technology and services firm in Santa Clara, California....

By Jayne Gest

March 9, 2020

Acusis buys Woodham HIM Solutions

Acusis LLC, a Pittsburgh-based provider of clinical documentation and revenue cycle management solutions since 2001, has acquired Woodham and Associates of Florida LLC....

By Jayne Gest

March 5, 2020

Ansys to buy Vancouver’s Lumerical

Ansys has agreed to acquire Lumerical Inc., which develops photonic design and simulation tools. The acquisition will add photonics products to the Ansys multi-physics portfolio....

By Jayne Gest

March 2, 2020

Veeam sale to Insight Partners completed

New York VC and PE firm Insight Partners has completed its acquisition of Veeam Software, a provider of backup solutions that deliver cloud data management, which has its Americas headquarters in Columbus. The company plans to move its headquarters to either Columbus or Atlanta....

By Jayne Gest

February 25, 2020

Pacejet sold to 3Gtms

3Gtms LLC, a global provider of Tier 1 transportation management software, has acquired Pacejet, a Columbus-based provider of enterprise cloud-based, multi-carrier shipping software....

By Jayne Gest

February 25, 2020

Hyland Completes Deal To Buy Streamline Health’s ECM Business

The deal bolsters Hyland's efforts to become the world's leading content services provider and is intended to further Hyland Healthcare's mission of helping health care organizations improve the lives of patients and enhance the experiences of health care consumers....

By Mark Scott

February 24, 2020

Gridwise completes seed funding round

Gridwise Inc. has raised $5.61 million of seed funding from Innovation Works, Fontinalis Partners and Swallow Point Ventures, putting the company’s pre-money valuation at $4 million, according to PitchBook....

By Jayne Gest

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 19, 2020

Breezie sold to VitalTech

VitalTech, a Texas, provider of connected care, digital health and remote patient monitoring, has acquired Breezie™. The technology startup’s North American headquarters is located in Pittsburgh....

By Jayne Gest

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