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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 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

March 31, 2020

Snip Internet Lands $7.75M Series B Round

Cleveland-based Snip Internet closed a $7.75 million Series B venture round led by Peppertree Capital Management, according to PitchBook....

By Michael Marzec

March 31, 2020

Olive Raises $51M to Accelerate Health Care AI Product

Columbus-based Olive said it closed a $51 million funding round led by General Catalyst that will fund acceleration of its development of an artificial intelligence bot that manages administrative tasks for hospitals....

By Michael Marzec

March 18, 2020

Vivek Gupta: A deliberate deal process will pay off for buyers

The more time you spend selecting the right acquisition and utilizing a thorough diligence process, the more likely you are to get better returns down the line, says Mastech Digital President and CEO Vivek Gupta. Based on his past experience, he provides advice for other buyers....

By Jayne Gest

March 9, 2020

Invacare Completes Deal To Sell Dynamic Controls Subsidiary

As part of Invacare’s strategy to enhance its products, the transaction is expected to open the door to relationships which can provide access to technological innovations to further differentiate the company’s powered mobility products....

By Mark Scott

February 4, 2020

Rich Lunak on the hot technology market in Pittsburgh

The market for technology companies and disruptive startups remains red hot in Pittsburgh. Innovation Works' Rich Lunak shares what he's seeing in terms of valuations and deal flow....

By Jayne Gest

February 3, 2020

Everstream Completes Purchase Of Indy-Based Fiber Network

The purchase is part of Everstream’s strategy to provide reliable, high-bandwidth connectivity to enterprises in the Indianapolis metro area and throughout the Midwest....

By Mark Scott

January 29, 2020

Everstream plans to invest more than $250 million in buildout of its fiber network in 2020

The company also plans to pursue strategic acquisition and partnership opportunities, as well as enter five new Midwest markets....

By Mark Scott

January 21, 2020

Martin Renkis: Be a 10-year thinker when raising funds

Founder Martin Renkis talks about raising capital for Smartvue and how long-term thinking ultimately landed put him in the best position to succeed — culminating in a sale to Johnson Controls in 2018....

By Adsam Burroughs

January 15, 2020

MRI Software Gets Investment From Harvest Partners

Harvest Partners joins existing investors TA Associates and GI Partners as institutional shareholders in MRI. At the same time, TA Associates is also making a significant new investment in the business....

By Mark Scott

January 14, 2020

Ice Mobility Buys Mobileistic

Lincolnshire-based Ice Mobility has acquired assets of Grand Prairie, Texas-based Mobileistic LLC, a distributor and manufacturer of mobile device accessories....

By Mark Scott

January 10, 2020

Resilience Capital Partners-Backed Trialon Completes Acquisition

With the acquisition, Trialon adds a wide variety of additional testing capabilities including vehicle emissions, engine and chassis dynamometers, vehicle test lab, acoustics, materials and design and fabrication....

By Mark Scott

January 9, 2020

Americaneagle.com’s Michael Svanascini: When Customer Acquisition Wins Out Over Cultural Fit

While cultural fit is often critical to achieving a successful acquisition, it’s not mandatory, says Americaneagle.com’s Michael Svanascini....

By Mark Scott

January 8, 2020

BGL Sells Houston-Based CSAT Solutions Holdings

Brown Gibbons Lang & Co. has sold CSAT Solutions Holdings LLC, a portfolio company of CAI Capital Partners, to Insight Equity Holdings LLC....

By Mark Scott

January 8, 2020

Park Place Technologies Buys IntelliNet’s NOC

IntelliNet's NOC is Park Place Technologies' 13th acquisition since 2016 and its first in 2020, following the 2019 acquisitions of Entuity in August and UK-based MCSA Group Limited in April....

By Mark Scott

January 7, 2020

M/C Partners Buys West Monroe Partners’ Managed Services Division

Wayne Kiphart has been appointed CEO and will be responsible for driving the company’s growth and long-term returns for stakeholders....

By Mark Scott

January 3, 2020

For Arnie Malham, Selling One Business Informs Growing The Next

Arnie Malham had a nice little business in MedView Services, but it wasn’t really sellable. “What we found out is that while we had a great little niche with great little margins, the upside wasn't big....

By Adam Burroughs

January 2, 2020

Eaton Completes Sale Of Automotive Fluid Conveyance Division

The automotive fluid conveyance division manufactures hydraulic power assisted steering, active ride systems, oil cooling, air conditioning and plastic components for the automotive industry....

By Mark Scott

December 27, 2019

Hitachi Completes Deal To Buy JR Automation

The deal is expected to pair Holland-based JR Automation's global strengths in robotic system integration with Hitachi's deep skillsets in artificial intelligence and IoT solutions for manufacturing....

By Mark Scott

December 24, 2019

KKR Buys OverDrive From Rakuten

New York-based buyout firm KKR has agreed to buy Cleveland-based OverDrive Inc. digital reading platform for libraries and schools from Rakuten, which bought the business in 2015.OverDrive provides a...

By Michael Marzec

December 24, 2019

Chronic Care Management Raises Another $2.55M

The company previously raised $4.99 million in a Series A funding round from Chicago-based B.C. Ziegler & Co. and other unidentified investors....

By Michael Marzec

December 18, 2019

Maven Wave Bought By Paris-Based Atos

Maven Wave has grown to more than 330 employees and expects to generate approximately $130 million revenue in 2019....

By Mark Scott

December 17, 2019

Everstream’s Brett Lindsey: Don’t Be Afraid To Uncover Your Own Deal Opportunities

When you develop an effective M&A strategy to inform your decisions, you minimize the risk of making crucial mistakes. Everstream’s Brett Lindsey explains....

By Mark Scott

December 10, 2019

InSight Telepsychiatry, Regroup Telehealth merge

InSight Telepsychiatry and Regroup Telehealth have merged to become the largest telepsychiatry service provider in the US....

By Adam Burroughs

December 10, 2019

Compuware To Buy Innovation Data Processing

This would be Compuware's sixth mainframe software or services acquisition in the last three years....

By Mark Scott

December 9, 2019

Innovation Fund NEO Awards $275K To Five Startup Companies

Founded by the Lorain County Community College Foundation, Innovation Fund awards technology-based startups up to $100,000 so they can validate their technologies and business concepts....

By Mark Scott

December 3, 2019

Convergint Technologies Buys Pendergraph Systems

Convergint Technologies is a $1 billion global systems integrator that designs, installs, and services electronic security, fire alarm and life safety systems....

By Mark Scott

November 26, 2019

Target Data’s Ross Shelleman: Are You Ready To Make A Deal?

Before you get into a deal, you need to figure out if you have a willing seller, says Target Data’s Ross Shelleman....

By Mark Scott

November 14, 2019

DataCubes Raises $15.2M In Series B Funding Round

This latest round of funding will support DataCubes' investment in research and development, as well as help expand the team, adding 50 new employees in 2020....

By Mark Scott

November 13, 2019

Conservation Labs raises $1.7M in seed funding

Conservation Labs Inc., maker of smart water monitor H2know™, has raised a $1.7 million seed round investment. The round was led by Chicago-based IrishAngels, with additional investment from the Amazon Alexa Fund, Serra Ventures as well as Pittsburgh investors Mountain State Capital and Innovation Works....

By Jayne Gest

November 12, 2019

Threekit Closes $20M Series A Round

The funding round was led by Shasta Ventures. Additional investors include Salesforce Ventures, former San Francisco 49ers quarterback and Hall of Famer Steve Young, Marketo Co-Founder Phil Fernandez and serial SaaS entrepreneur Godard Abel....

By Mark Scott

November 11, 2019

Xitron Bought By Global Graphics

Since the company’s inception in 1977, it has been viewed as a mainstay in professional prepress production and was recently awarded a patent for its unique USB-SCSI interface....

By Mark Scott

November 7, 2019

Robots, automation and AI, oh my!

Last month, participants in Columbus VC firm Drive Capital’s second robotics and automation summit — Devol’s Dance — spent the day exploring the future. While automation is critical to many of Drive Capital’s portfolio companies, two researchers shared how robots, overall, are changing the way we think and how we do our jobs....

By Jayne Gest

November 7, 2019

MedPilot Co-Founders Bring A Methodical Approach To Scaling Their Business

Matt Buder Shapiro and Nathan Spoden have taken a humble yet confident approach to building MedPilot....

By Mark Scott

November 6, 2019

Osprey Technology Acquisition launches IPO

Osprey Technology Acquisition Corp. completed its initial public offering of 27,500,000 units at a price of $10 per unit for gross proceeds to the company of $275,000,000....

By Adam Burroughs

November 6, 2019

Clearcover’s Kyle Nakatsuji: Talk To As Many Investors As You Can

Pitching investors works best when you connect with as many as possible, says the auto insurer's CEO....

By Mark Scott

November 6, 2019

Founded By CWRU Alums, Scout RFP Sells for $540M

Scout RFP, a cloud-based platform for strategic sourcing and supplier engagement, was founded by CWRU graduates Stan Garber and Alex Yakubovich....

By Mark Scott

November 5, 2019

Zebra Buys London-Based Cortexica

Founded in 2008, Cortexica has developed vision-based analytics and AI solutions to drive new user experiences and greater operational efficiencies....

By Mark Scott

October 31, 2019

QED Sells Majority Interest, Will Remain In Mayfield Village

QED will become a consolidated subsidiary of Tokyo-based Canon Inc., but will retain its name, independent identity and location in Mayfield Village....

By Mark Scott

October 29, 2019

Riverside Exits ProSites

During Riverside’s hold, ProSites transformed from a website designer into a company considered to be the industry’s leading comprehensive online marketing solutions provider....

By Mark Scott

October 29, 2019

Proper Rate Is New Joint Venture For Guaranteed Rate, @properties

The new company, which plans to launch early in 2020, intends to deliver a high-end, customer-focused retail mortgage lending experience and drive growth in select markets around the country....

By Mark Scott

October 25, 2019

Sprout Social Prepares To Go Public

Founded in 2010, the Chicago-based company provides a platform for businesses to manage social media engagement, publishing and analytics. It has raised a total of $111.5 million in funding over seven rounds, according to Crunchbase....

By Mark Scott

October 22, 2019

BoxCast Buys Florida-based Sunday Streams

The acquisition is intended to allow BoxCast to continue to fulfill its core purpose to make people part of the experience and further demonstrate that it is a dominant player in the worship streaming market....

By Mark Scott

October 21, 2019

ERT gets European PE investment

eResearchTechnology Inc. (ERT) has received an investment by European PE firm Astorg, which will enter as a partner alongside existing owners Nordic Capital, Novo Holdings A/S, and the ERT management team. The amount of the investment was not disclosed....

By Adam Burroughs

October 21, 2019

Cleveland Clinic, American Well Partner On Digital Health Joint Venture

The Clinic expects to offer online access to expert care across a wide array of specialties without requiring individuals to leave their homes....

By Mark Scott

October 21, 2019

Expedient is under new ownership

Global investment management firm AMP Capital, which is headquartered in Australia, has agreed to acquire Expedient from its current parent, Landmark Media Enterprises LLC. The new investment sponsor should help the Pittsburgh cloud computing and data center infrastructure as a service provider continue to grow and expand its data center and enterprise cloud platforms....

By Jayne Gest

October 15, 2019

NEP Group buys SOS Global Express

NEP Group has acquired SOS Global Express, an independent international freight forwarding and logistics company that specializes in broadcast, entertainment, music and professional sports teams and leagues. The transaction is consistent with NEP’s strategy of becoming the world leader in broadcast services and live events....

By Jayne Gest

October 15, 2019

Genpact To Buy Rightpoint

Genpact has agreed to acquire Chicago-based Rightpoint in a deal intended to help clients drive end-to-end digital transformation and win in the growing experience economy....

By Mark Scott

October 1, 2019

Americaneagle.com Buys European-Based Athracian

Americaneagle.com is a partner for many of the world's largest platforms, including Progress Sitefinity, Salesforce, Sitecore, Kentico, BigCommerce and WordPress, among others....

By Mark Scott