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July 12, 2022
FormFire Acquired By Iowa's AgencyBloc
Iowa-based AgencyBloc has acquired Cleveland-based FormFire, a provider of quoting and enrollment for small-group benefits and medical health questionnaire data collection for carrier underwriting....
By Michael Marzec
July 11, 2022
Akron's Mindful Bought By Medallia
Pleasanton, Calif.-based Medallia, Inc. has agreed to acquire Akron-based callback automation provider Mindful from Alpine Investors....
By Michael Marzec
June 16, 2022
How Paperless Parts Overcame Early Stumbles To Find Success
Paperless Parts recently raised $30 million of Series B venture funding led by OpenView Venture Capital. Jason Ray, co-founder and CEO of Paperless says he had some entrepreneurial stumbles along his path to building Paperless into what it's become today. ...
By Adam Burroughs
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
