Like Comcare A/S

closed 9/3/2020 via BNC Analysis

Mercell Holding AS, acquired Comcare A/S

synopsis: Mercell Holding AS, a leading e-tendering platform provider in Europe, has acquired Comcare AS, a Danish provider of e-procurement solutions. Comcare offers a cloud-based e-procurement system for the public sector. Their RakatX platform provides solutions for contract management, catalog management, project management and more.
buyer: Mercell Holding AS (OB:MRCEL-ME:$18.25)
Mercell is a leading Nordic provider of eTender system and Tender Offers. Suppliers in all industries use Mercell eTender system to find tenders and contracts in the public sector. They simplify the public procurement process and makes it easy for the buyer to interact with suppliers. "
target: Comcare A/S
Comcare is a Danish provider of e-procurement solutions. Comcare offers a cloud-based e-procurement system for the public sector. Their RakatX platform provides solutions for contract management, catalog management, project management and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/2/2018 via BNC Analysis

Advanced, acquired Science Warehouse Limited

synopsis: Advanced has acquired Science Warehouse, a British developer of cloud-based Software-as-a-Service (SaaS) procurement solutions. Science Warehouse is an established provider of spend management and eMarketplace systems to over 80 customers in multiple sectors including commercial, government, higher education, NHS and social housing.
buyer parent: Vista Equity Partners
buyer: Advanced
Advanced is a provider of healthcare, enterprise, and other business solutions and services to the public and private sectors. Their healthcare portfolio includes patient care management and clinical software solutions, while its enterprise suite includes financial management, HR, payroll, and CRM. "
target parent: Mercia Technologies PLC
target: Science Warehouse Limited
Science Warehouse provides cloud-based spend management platform and e-marketplace systems designed to drive efficiencies through the source-to-settle process. They give customers control of the purchasing cycle from requisition to payment, helping them deliver cost savings and manage spending.
price ($mm)
$23
rev ($mm)
$5
EBITDA ($mm)
EV / rev
4.2x
EV / EBITDA
closed 7/29/2016 via PE Hub

Accel-KKR, acquired SciQuest, Inc.

synopsis: SciQuest, Inc., a leading provider of end-to-end spend management solutions delivering value beyond savings, announced that affiliates of Accel-KKR, a leading technology-focused private equity firm, have completed their acquisition of the Company.
buyer: Accel-KKR
Accel-KKR is a technology-focused investment firm with $4.0 billion in capital commitments to its current funds. The firm invests in software and IT enabled businesses well-positioned for topline and bottom-line growth. "
target: SciQuest, Inc. (SQI:$106.31)
SciQuest is a leading provider of cloud-based business automation software for spend management. It provides organizations with a comprehensive suite of on-demand source-to-settle software solutions, driving cost and efficiency savings across the supply chain and improving bottom-line results.
price ($mm)[EV]
$486 [$349]*
rev ($mm)
$106
EBITDA ($mm)
$9
EV / rev
3.6x
EV / EBITDA
40.1x
closed 2/3/2016 via Company Press Release

Proactis Holdings PLC, acquired Due North Limited

synopsis: PROACTIS, a global Spend Control and eProcurement solution provider, announced it has acquired Due North Limited, a well-respected provider of eProcurement systems, with more than 300 clients principally in the UK Public sector.
buyer: Proactis Holdings PLC (AIM:PHD:$51.76)
PROACTIS creates, sells and maintains specialist software which enables organisations to streamline, control and monitor all internal and external expenditure, other than payroll. "
target parent: Access Intelligence plc
target: Due North Limited
Due North is a well-respected provider of eProcurement systems, with more than 300 clients principally in the UK Public sector. Its clients use Due North’s hosted software to control an estimated £100 billion of spend through approximately 200,000 active suppliers.
price ($mm)
$6.56
rev ($mm)
$3
EBITDA ($mm)
$1
EV / rev
2.4x
EV / EBITDA
12.1x
closed 12/10/2014 via PE Hub

Periscope Holdings, Inc, acquired BidSync

synopsis: Periscope Holdings, which is backed by Parthenon Capital, has bought BidSync. BidSync is best known for its eSourcing solutions and for having the largest government bid notification system in North America, enabling suppliers and vendors to identify and respond to more bid opportunities.
buyer parent: Parthenon Capital Partners
buyer: Periscope Holdings, Inc
Periscope Holdings, Inc. headquartered in Austin, Texas, is the leader in purpose-based procurement. Periscope eradicates waste and maximizes the value of every dollar spent by our public sector and higher education clients with procurement transformation solutions and services. "
target: BidSync
Based in American Fork, Utah, BidSync offers a comprehensive array of SaaS-based purchasing and electronic procurement solutions for government agencies and businesses across North America.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/23/2020 via BNC Analysis

Mercell Holding AS, acquired Aksess Innkjøp

synopsis: Mercell, an Oslo, Norway-based company providing software for electronic submission of public tenders, announced that it acquired Aksess Innkjøp, a company that provides a cloud based solution for the public sector and their vendors, digitizing the procurement process from announcement to purchase, also based in Norway.
buyer: Mercell Holding AS (OB:MRCEL-ME:$18.25)
Mercell is a leading Nordic provider of eTender system and Tender Offers. Suppliers in all industries use Mercell eTender system to find tenders and contracts in the public sector. They simplify the public procurement process and makes it easy for the buyer to interact with suppliers. "
target parent: KapNord Fund
target: Aksess Innkjøp
Aksess Innkjøp, based in Bodø, provides a cloud based solution for the public sector and their vendors, digitizing the procurement process from announcement to purchase. Its solution is used by 23 municipalities and 14 government agencies in the Norwegian market.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/18/2015 via PR Newswire

Iron Data, LLC merged with MicroPact Inc.,

synopsis: MicroPact Inc., the leader in Data-First™ Case Management and Business Process Management (BPM) software, announced that it has merged with Iron Data Solutions, Inc. The company is a leader in case management and regulatory software solutions used across 49 states and the federal government.
buyer: MicroPact Inc.
MicroPact has focused on engineering web-based, commercial off the shelf (COTS) solutions for US Government agencies and Fortune 500 corporations. Today MicroPact solutions serve 97% of federal agencies with 500 or more employees, and enjoy a 97% annual renewal rate. "
target parent: Arlington Capital Partners
target: Iron Data, LLC
Iron Data Solutions, Inc. is a leading provider of software for human services case management, licensing and regulatory systems and is used by the Federal Government and by 49 state governments.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/12/2011 via Company Press Release

Arlington Capital Partners, acquired Iron Data, LLC

synopsis: Thompson Street Capital Partners has announced the recapitalization of Iron Data Solutions, a Memphis-registered process efficiency software company. Iron Data offers a comprehensive suite of solutions, called Intelligent Process Management that assess, improve, manage and monitor challenging operational process issues.
buyer: Arlington Capital Partners
Arlington Capital Partners is a private equity firm with over $450 million of committed capital. They are focused on management buyout and late stage expansion equity investment opportunities. Targets are middle-market companies with enterprise values typically between $50 million and $500 million. "
target parent: Thompson Street Capital Partners
target: Iron Data, LLC
Iron Data, LLC. was founded to respond to the increasing demand for cost effective business transaction software and services. Iron Data focused initially on several specific government contract opportunities to provide end-to-end front and back office data processing solutions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/29/2020 via PE Hub

Carlyle Group, acquired Unison Inc.

synopsis: Unison, a leading provider of procurement, supply chain, and contract management software to Federal government agencies and government contractors, announced it has been acquired by global investment firm The Carlyle Group, and Unison management.
buyer: Carlyle Group (CG:$1,614.20)
The Carlyle Group is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit, and Investment Solutions. "
target parent: ABRY Partners, LLC
target: Unison Inc.
Unison's software suites and Insight Platform support the four types of professionals vital to the success of government missions — program managers, the acquisition workforce, financial assistance professionals, and government contractors.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/29/2016 via Company Press Release

Bellrock Property & Facilities Management, acquired Concerto Support Services

synopsis: Bellrock, one of the UKs leading Facilities Management (FM) and Property Management (PM) businesses, has acquired Concerto Support Services, a company that provides secure, web based software solutions for asset management, facilities management, project management and business performance management.
buyer: Bellrock Property & Facilities Management
Bellrock provides smart property & facilities management solutions for retail, healthcare, education and corporate clients throughout the UK & Ireland. "
target: Concerto Support Services
The Concerto property asset and project management software suite provides flexible, web based, off-the-shelf solutions for asset, project and facilities management. Aimed at large organisations and departments, Concerto has a user group of over 60 Local Authorities, Universities and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/13/2015 via PR Newswire

TopVue Defense, Inc. merged with Compusearch Software Systems, Inc.,

synopsis: Compusearch® and TopVue Defense, Inc. are pleased to announce the completion of the merger of the two companies. The combined organization will deliver TopVue's DoD-proven program management applications in conjunction with Compusearch's® PRISM™, the acquisition management system widely used by the Federal Government.
buyer parent: Arlington Capital Partners
buyer: Compusearch Software Systems, Inc.
Compusearch is the leading provider of software and services that advance commerce and collaboration among government agencies and contractors. Compusearch's PRISM™ is the contract writing system for defense, intelligence, and civilian agencies. "
target: TopVue Defense, Inc.
TopVue Defense, Inc., is the leading provider of program management solutions to the federal government. TopVue provides solutions made up of software products and services expertise to support the critical data management aspects of implementing a project or program within a contractual context.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/8/2015 via PR Newswire

ABRY Partners, LLC, will acquire Compusearch Software Systems, Inc.

synopsis: Arlington Capital Partners and JMI Equity have announced that they have sold their equity interest in Compusearch Software Systems, Inc to ABRY Partners. Compusearch is the leading provider of acquisition and program management software to Federal agencies, DoD program offices, and government contractors.
buyer: ABRY Partners, LLC
ABRY Partners is one of the most experienced media, communications, business and information services focused private equity investment firms in North America. Since its founding, ABRY has completed over $42 billion of transactions, representing investments in over 450 properties. "
target parent: Arlington Capital Partners
target: Compusearch Software Systems, Inc.
Compusearch is the leading provider of software and services that advance commerce and collaboration among government agencies and contractors. Compusearch's PRISM™ is the contract writing system for defense, intelligence, and civilian agencies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/21/2018 via BNC Analysis

Dude Solutions, Inc., acquired Paladin Data Systems Corporation

synopsis: Software company Paladin Data Systems, based in Poulsbo, WA, has been acquired by Dude Solutions, another software company headquartered in North Carolina. Paladin Data Systems Corporation provides software development, integration, and implementation for the military, government, natural resource community, and more.
buyer: Dude Solutions, Inc.
Dude Solutions is a leading software-as-a-service (SaaS) provider of operations management solutions to education, government, healthcare, senior living, manufacturing and membership-based organizations. "
target: Paladin Data Systems Corporation
Paladin Data Systems Corporation provides software development, integration, implementation, database administration, and project management services for the military, government, natural resource community, city and county agencies, and commercial entities.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/12/2018 via Company Press Release

Allocate Software Limited, acquired 247 Time Ltd

synopsis: Allocate Software, a leading international provider of workforce optimisation software, has acquired 247 Time, a cloud-based supplier of contingent healthcare workforce software in the UK. 247 Time provides vendor management, payroll and direct engagement technology to healthcare and enterprise sectors.
buyer parent: Vista Equity Partners
buyer: Allocate Software Limited (MSWEF:$25.50)
Allocate Software is a leading international provider of workforce optimisation software to the healthcare, defense and maritime sectors. Allocate’s solutions support the operational and administrative needs of healthcare professionals in all settings as well as defense and maritime staff globally. "
target: 247 Time Ltd
247 Time is a cloud-based supplier of contingent healthcare workforce software in the UK. 247 Time provides vendor management, payroll and direct engagement technology to healthcare and enterprise sectors. Their clients include NHS trusts, care homes, councils, and facilities management companies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/16/2020 via Company Press Release

Main Capital Partners BV, acquired Mach AG

synopsis: Main Capital, a Netherlands-based software investor, has acquired a majority stake MACH AG, a market leading software vendor for the German government sector. With its comprehensive product portfolio and deep sector expertise, MACH is a frontrunner in providing digital services and solutions to German governmental bodies.
buyer: Main Capital Partners BV
Netherlands-based Main Capital is a strategic investor with an exclusive focus on the software sector in the Benelux, Germany, Austria, Switzerland, and Nordics regions. Within this sector, Main Capital is the most specialized company in management buyouts and later-stage growth capital. "
target: Mach AG
Germany-based MACH supports public administrations with the digitization of projects. MACH provides a one-stop solution for software, consulting, and execution for federal and state authorities, church administrations, educational and research institutions, and non-governmental organizations.
price ($mm)
rev ($mm)
$52
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 7/19/2011 via Market Wire

Thomson Reuters, acquired Manatron Inc.

synopsis: Thomson Reuters has officially acquired Manatron following regulatory clearance in the U.S. and Ukraine. Manatron is a provider of property tax automation and land registry software for governments and municipalities around the world, and was acquired from Thoma Bravo LLC, a private equity firm.
buyer: Thomson Reuters (TRI:$5,921.00)
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. It combines industry expertise with innovative technology to deliver critical information to leading decision makers. "
target parent: Thoma Bravo, LLC
target: Manatron Inc.
Manatron Inc. provides software and services for governments worldwide to completely, fairly and efficiently assess real and personal property, and to bill and collect the related property taxes in their jurisdictions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/2/2010 via Company Press Release

gomembers, Inc., acquired Information Development Consultants (iDC)

synopsis: CDC Software Corporation, a hybrid enterprise software provider of on-premise and cloud deployments, announced it acquired Information Development Consultants, Inc. (iDC), a cloud-based software as a service enterprise resource planning software solution provider for the state and local government and not-for-profit markets.
buyer parent: CDC Corporation
buyer: gomembers, Inc.
CDC Software, The Customer-Driven Company™, is a provider of enterprise software applications and services designed to help organizations deliver a superior customer experience, while increasing efficiencies and profitability. "
target: Information Development Consultants (iDC)
Information Development Consultants (iDC) offers on-demand financial ERP Fund Accounting software just for governments and non-profit agencies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/13/2012 via PR Newswire

Epazz, Inc., acquired CMHCi

synopsis: Epazz, Inc., a leading provider of cloud based business software solutions, announced that it has acquired MS Health, a New Jersey based company. MS Health, mental health software, is a cloud based solution for Behavioral healthcare, mental health, and social services providers nationwide.
buyer: Epazz, Inc. (OTCPK:EPAZ:$1.35)
Epazz, Inc. is a leading cloud based software company that specializes in providing customized cloud applications to the corporate world, higher education institutions and the public sector. "
target: CMHCi
CMHCi is an enterprise wide solution that includes the tools to effectively provide, manage, bill, and track behavioral healthcare and social services. With CMHCi, organizations will realize the benefits of increased efficiency, accountability, and productivity.
price ($mm)
$0.50
rev ($mm)
$0
EBITDA ($mm)
EV / rev
1.1x
EV / EBITDA
closed 6/6/2014 via Company Press Release

Daxko, acquired NetVentures Corporation

synopsis: Daxko announced that it has completed the acquisition of NetVentures Corporation, a provider of Software-as-a-Service solutions for YMCAs and Jewish Community Centers. NetVenture's technology helps YMCAs, JCCs & YWCAs grow their operations, improve engagement and better serve their communities.
buyer: Daxko
Daxko, Inc. provides software and services to nonprofits in the United States. The company offers operations and accounting software solutions that provide various tools for connections with client’s community. Its solutions include Daxko Operations, Daxko Accounting, and Daxko Reciprocity. "
target: NetVentures Corporation
NetVentures Corporation is a provider of Software-as-a-Service solutions for YMCAs and Jewish Community Centers. Their technology helps YMCAs, JCCs & YWCAs grow their operations, improve engagement and better serve their communities.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/16/2007 via BusinessWire

The Active Network, Inc., acquired InfoSpherix Incorporated

synopsis: The Active Network, Inc., a leading provider of application services technology and marketing solutions for community service and participatory sports organizations, has finalized its acquisition of InfoSpherix, Inc., a subsidiary of Spherix Incorporated.
buyer: The Active Network, Inc. (ACTV:$441.26)
The Active Network, Inc., provides application services technology and marketing access to community service organizations, and is a leading online community for active lifestyles. The company's solutions help organizations improve customer service capabilities and increase revenues. "
target parent: Spherix Incorporated
target: InfoSpherix Incorporated
InfoSpherix designs, hosts, and operates real-time business and contact center solutions for government agencies, with a major focus on public park agencies. InfoSpherix is a wholly owned subsidiary of Spherix Incorporated, based in Beltsville, Maryland.
price ($mm)
$15
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/3/2020 via BNC Analysis

Mercell Holding AS, acquired Comcare A/S

synopsis: Mercell Holding AS, a leading e-tendering platform provider in Europe, has acquired Comcare AS, a Danish provider of e-procurement solutions. Comcare offers a cloud-based e-procurement system for the public sector. Their RakatX platform provides solutions for contract management, catalog management, project management and more.
buyer: Mercell Holding AS (OB:MRCEL-ME:$18.25)
Mercell is a leading Nordic provider of eTender system and Tender Offers. Suppliers in all industries use Mercell eTender system to find tenders and contracts in the public sector. They simplify the public procurement process and makes it easy for the buyer to interact with suppliers. "
target: Comcare A/S
Comcare is a Danish provider of e-procurement solutions. Comcare offers a cloud-based e-procurement system for the public sector. Their RakatX platform provides solutions for contract management, catalog management, project management and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/3/2020 via BNC Analysis

Mercell Holding AS, acquired Comcare A/S

synopsis: Mercell Holding AS, a leading e-tendering platform provider in Europe, has acquired Comcare AS, a Danish provider of e-procurement solutions. Comcare offers a cloud-based e-procurement system for the public sector. Their RakatX platform provides solutions for contract management, catalog management, project management and more.
buyer: Mercell Holding AS (OB:MRCEL-ME:$18.25)
Mercell is a leading Nordic provider of eTender system and Tender Offers. Suppliers in all industries use Mercell eTender system to find tenders and contracts in the public sector. They simplify the public procurement process and makes it easy for the buyer to interact with suppliers. "
target: Comcare A/S
Comcare is a Danish provider of e-procurement solutions. Comcare offers a cloud-based e-procurement system for the public sector. Their RakatX platform provides solutions for contract management, catalog management, project management and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/27/2020 via BNC Analysis

Mercell Holding AS, acquired TrueLink A/S

synopsis: Mercell, the leading platform provider for public e-tendering in the Nordic region, announced its acquisition of TrueLink AS, a complete collaboration platform for e-procurement in Denmark. They create reliable and efficient exchanges of digital orders, e-invoices and other business documents and transactions between buyers and suppliers.
buyer: Mercell Holding AS (OB:MRCEL-ME:$18.25)
Mercell is a leading Nordic provider of eTender system and Tender Offers. Suppliers in all industries use Mercell eTender system to find tenders and contracts in the public sector. They simplify the public procurement process and makes it easy for the buyer to interact with suppliers. "
target: TrueLink A/S
TrueLink is a complete collaboration platform for e-procurement in Denmark. They create reliable and efficient exchanges of digital orders, e-invoices and other business documents and transactions between buyers and suppliers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/23/2020 via BNC Analysis

Mercell Holding AS, acquired Aksess Innkjøp

synopsis: Mercell, an Oslo, Norway-based company providing software for electronic submission of public tenders, announced that it acquired Aksess Innkjøp, a company that provides a cloud based solution for the public sector and their vendors, digitizing the procurement process from announcement to purchase, also based in Norway.
buyer: Mercell Holding AS (OB:MRCEL-ME:$18.25)
Mercell is a leading Nordic provider of eTender system and Tender Offers. Suppliers in all industries use Mercell eTender system to find tenders and contracts in the public sector. They simplify the public procurement process and makes it easy for the buyer to interact with suppliers. "
target parent: KapNord Fund
target: Aksess Innkjøp
Aksess Innkjøp, based in Bodø, provides a cloud based solution for the public sector and their vendors, digitizing the procurement process from announcement to purchase. Its solution is used by 23 municipalities and 14 government agencies in the Norwegian market.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/10/2019 via BNC Analysis

Mercell Holding AS, will acquire EU Supply PLC

synopsis: EU Supply PLC, one of UK's leading suppliers of electronic tender management and contract management solutions will be acquired by Norwegian peer Mercell Holding AS, a provider of eTender system and Tender Offers.
buyer: Mercell Holding AS (OB:MRCEL-ME:$18.25)
Mercell is a leading Nordic provider of eTender system and Tender Offers. Suppliers in all industries use Mercell eTender system to find tenders and contracts in the public sector. They simplify the public procurement process and makes it easy for the buyer to interact with suppliers. "
target: EU Supply PLC (AIM:EUSP:$6.63)
Headquartered in the UK, EU-Supply is one of Europe's leading suppliers of electronic tender management and contract management solutions. The company is focused on procurement and contract management.
price ($mm)
$21
rev ($mm)
$7
EBITDA ($mm)
$1
EV / rev
3.1x
EV / EBITDA
23.9x
closed 9/3/2020 via BNC Analysis

Mercell Holding AS, acquired Comcare A/S

synopsis: Mercell Holding AS, a leading e-tendering platform provider in Europe, has acquired Comcare AS, a Danish provider of e-procurement solutions. Comcare offers a cloud-based e-procurement system for the public sector. Their RakatX platform provides solutions for contract management, catalog management, project management and more.
buyer: Mercell Holding AS (OB:MRCEL-ME:$18.25)
Mercell is a leading Nordic provider of eTender system and Tender Offers. Suppliers in all industries use Mercell eTender system to find tenders and contracts in the public sector. They simplify the public procurement process and makes it easy for the buyer to interact with suppliers. "
target: Comcare A/S
Comcare is a Danish provider of e-procurement solutions. Comcare offers a cloud-based e-procurement system for the public sector. Their RakatX platform provides solutions for contract management, catalog management, project management and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/23/2020 via BNC Analysis

Mercell Holding AS, acquired Aksess Innkjøp

synopsis: Mercell, an Oslo, Norway-based company providing software for electronic submission of public tenders, announced that it acquired Aksess Innkjøp, a company that provides a cloud based solution for the public sector and their vendors, digitizing the procurement process from announcement to purchase, also based in Norway.
buyer: Mercell Holding AS (OB:MRCEL-ME:$18.25)
Mercell is a leading Nordic provider of eTender system and Tender Offers. Suppliers in all industries use Mercell eTender system to find tenders and contracts in the public sector. They simplify the public procurement process and makes it easy for the buyer to interact with suppliers. "
target parent: KapNord Fund
target: Aksess Innkjøp
Aksess Innkjøp, based in Bodø, provides a cloud based solution for the public sector and their vendors, digitizing the procurement process from announcement to purchase. Its solution is used by 23 municipalities and 14 government agencies in the Norwegian market.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/18/2015 via PR Newswire

Iron Data, LLC merged with MicroPact Inc.,

synopsis: MicroPact Inc., the leader in Data-First™ Case Management and Business Process Management (BPM) software, announced that it has merged with Iron Data Solutions, Inc. The company is a leader in case management and regulatory software solutions used across 49 states and the federal government.
buyer: MicroPact Inc.
MicroPact has focused on engineering web-based, commercial off the shelf (COTS) solutions for US Government agencies and Fortune 500 corporations. Today MicroPact solutions serve 97% of federal agencies with 500 or more employees, and enjoy a 97% annual renewal rate. "
target parent: Arlington Capital Partners
target: Iron Data, LLC
Iron Data Solutions, Inc. is a leading provider of software for human services case management, licensing and regulatory systems and is used by the Federal Government and by 49 state governments.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/12/2011 via Company Press Release

Arlington Capital Partners, acquired Iron Data, LLC

synopsis: Thompson Street Capital Partners has announced the recapitalization of Iron Data Solutions, a Memphis-registered process efficiency software company. Iron Data offers a comprehensive suite of solutions, called Intelligent Process Management that assess, improve, manage and monitor challenging operational process issues.
buyer: Arlington Capital Partners
Arlington Capital Partners is a private equity firm with over $450 million of committed capital. They are focused on management buyout and late stage expansion equity investment opportunities. Targets are middle-market companies with enterprise values typically between $50 million and $500 million. "
target parent: Thompson Street Capital Partners
target: Iron Data, LLC
Iron Data, LLC. was founded to respond to the increasing demand for cost effective business transaction software and services. Iron Data focused initially on several specific government contract opportunities to provide end-to-end front and back office data processing solutions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/29/2020 via PE Hub

Carlyle Group, acquired Unison Inc.

synopsis: Unison, a leading provider of procurement, supply chain, and contract management software to Federal government agencies and government contractors, announced it has been acquired by global investment firm The Carlyle Group, and Unison management.
buyer: Carlyle Group (CG:$1,614.20)
The Carlyle Group is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit, and Investment Solutions. "
target parent: ABRY Partners, LLC
target: Unison Inc.
Unison's software suites and Insight Platform support the four types of professionals vital to the success of government missions — program managers, the acquisition workforce, financial assistance professionals, and government contractors.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/8/2015 via PR Newswire

ABRY Partners, LLC, will acquire Compusearch Software Systems, Inc.

synopsis: Arlington Capital Partners and JMI Equity have announced that they have sold their equity interest in Compusearch Software Systems, Inc to ABRY Partners. Compusearch is the leading provider of acquisition and program management software to Federal agencies, DoD program offices, and government contractors.
buyer: ABRY Partners, LLC
ABRY Partners is one of the most experienced media, communications, business and information services focused private equity investment firms in North America. Since its founding, ABRY has completed over $42 billion of transactions, representing investments in over 450 properties. "
target parent: Arlington Capital Partners
target: Compusearch Software Systems, Inc.
Compusearch is the leading provider of software and services that advance commerce and collaboration among government agencies and contractors. Compusearch's PRISM™ is the contract writing system for defense, intelligence, and civilian agencies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/2/2018 via BNC Analysis

Advanced, acquired Science Warehouse Limited

synopsis: Advanced has acquired Science Warehouse, a British developer of cloud-based Software-as-a-Service (SaaS) procurement solutions. Science Warehouse is an established provider of spend management and eMarketplace systems to over 80 customers in multiple sectors including commercial, government, higher education, NHS and social housing.
buyer parent: Vista Equity Partners
buyer: Advanced
Advanced is a provider of healthcare, enterprise, and other business solutions and services to the public and private sectors. Their healthcare portfolio includes patient care management and clinical software solutions, while its enterprise suite includes financial management, HR, payroll, and CRM. "
target parent: Mercia Technologies PLC
target: Science Warehouse Limited
Science Warehouse provides cloud-based spend management platform and e-marketplace systems designed to drive efficiencies through the source-to-settle process. They give customers control of the purchasing cycle from requisition to payment, helping them deliver cost savings and manage spending.
price ($mm)
$23
rev ($mm)
$5
EBITDA ($mm)
EV / rev
4.2x
EV / EBITDA
closed 7/29/2016 via PE Hub

Accel-KKR, acquired SciQuest, Inc.

synopsis: SciQuest, Inc., a leading provider of end-to-end spend management solutions delivering value beyond savings, announced that affiliates of Accel-KKR, a leading technology-focused private equity firm, have completed their acquisition of the Company.
buyer: Accel-KKR
Accel-KKR is a technology-focused investment firm with $4.0 billion in capital commitments to its current funds. The firm invests in software and IT enabled businesses well-positioned for topline and bottom-line growth. "
target: SciQuest, Inc. (SQI:$106.31)
SciQuest is a leading provider of cloud-based business automation software for spend management. It provides organizations with a comprehensive suite of on-demand source-to-settle software solutions, driving cost and efficiency savings across the supply chain and improving bottom-line results.
price ($mm)[EV]
$486 [$349]*
rev ($mm)
$106
EBITDA ($mm)
$9
EV / rev
3.6x
EV / EBITDA
40.1x
closed 2/3/2016 via Company Press Release

Proactis Holdings PLC, acquired Due North Limited

synopsis: PROACTIS, a global Spend Control and eProcurement solution provider, announced it has acquired Due North Limited, a well-respected provider of eProcurement systems, with more than 300 clients principally in the UK Public sector.
buyer: Proactis Holdings PLC (AIM:PHD:$51.76)
PROACTIS creates, sells and maintains specialist software which enables organisations to streamline, control and monitor all internal and external expenditure, other than payroll. "
target parent: Access Intelligence plc
target: Due North Limited
Due North is a well-respected provider of eProcurement systems, with more than 300 clients principally in the UK Public sector. Its clients use Due North’s hosted software to control an estimated £100 billion of spend through approximately 200,000 active suppliers.
price ($mm)
$6.56
rev ($mm)
$3
EBITDA ($mm)
$1
EV / rev
2.4x
EV / EBITDA
12.1x
closed 12/10/2014 via PE Hub

Periscope Holdings, Inc, acquired BidSync

synopsis: Periscope Holdings, which is backed by Parthenon Capital, has bought BidSync. BidSync is best known for its eSourcing solutions and for having the largest government bid notification system in North America, enabling suppliers and vendors to identify and respond to more bid opportunities.
buyer parent: Parthenon Capital Partners
buyer: Periscope Holdings, Inc
Periscope Holdings, Inc. headquartered in Austin, Texas, is the leader in purpose-based procurement. Periscope eradicates waste and maximizes the value of every dollar spent by our public sector and higher education clients with procurement transformation solutions and services. "
target: BidSync
Based in American Fork, Utah, BidSync offers a comprehensive array of SaaS-based purchasing and electronic procurement solutions for government agencies and businesses across North America.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/12/2018 via Company Press Release

Allocate Software Limited, acquired 247 Time Ltd

synopsis: Allocate Software, a leading international provider of workforce optimisation software, has acquired 247 Time, a cloud-based supplier of contingent healthcare workforce software in the UK. 247 Time provides vendor management, payroll and direct engagement technology to healthcare and enterprise sectors.
buyer parent: Vista Equity Partners
buyer: Allocate Software Limited (MSWEF:$25.50)
Allocate Software is a leading international provider of workforce optimisation software to the healthcare, defense and maritime sectors. Allocate’s solutions support the operational and administrative needs of healthcare professionals in all settings as well as defense and maritime staff globally. "
target: 247 Time Ltd
247 Time is a cloud-based supplier of contingent healthcare workforce software in the UK. 247 Time provides vendor management, payroll and direct engagement technology to healthcare and enterprise sectors. Their clients include NHS trusts, care homes, councils, and facilities management companies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/8/2020 via PR Newswire

Accel-KKR, acquired Springbrook Software, Inc.

synopsis: Accel-KKR, a leading technology-focused investment firm, has acquired Springbrook Software, a leading provider in fully integrated, cloud-based ERP and payments software for local government. The acquisition will deepen Springbrook's focus on providing industry-leading solutions to over 800 local governments and municipalities across North America.
buyer: Accel-KKR
Accel-KKR is a technology-focused investment firm with $5 billion in capital commitments. The firm focuses on software and IT-enabled businesses well-positioned for topline and bottom-line growth. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions. "
target parent: Berkshire Partners LLC
target: Springbrook Software, Inc.
Springbrook Software is a leading cloud-based finance and administration software provider for local government. More than 800 cities, towns, and districts from coast to coast use Springbrook's suite of modern, high-performance solutions to manage their finances, payroll, and utility billing.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/8/2015 via BusinessWire

Accela, Inc., acquired Springbrook Software, Inc.

synopsis: Accela, Inc., innovators of civic engagement solutions for government, announced that it has acquired Springbrook Software. Based in Portland, OR, Springbrook Software provides cloud-based finance, utility, payroll and community development software to cities, towns, counties and districts.
buyer: Accela, Inc.
Accela, Inc. provides civic engagement solutions for government. Accela's Civic Platform, which includes open APIs and mobile apps, enables and improves core processes for city, county, state and federal governments. "
target: Springbrook Software, Inc.
Based in Portland, Oregon, Springbrook Software, is a technology leader in the local government software market, providing cloud-based finance, utility, payroll and community development software to cities, towns, counties and districts.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/8/2015 via BusinessWire

Accela, Inc., acquired SoftRight

synopsis: Accela, innovators of civic engagement solutions for government, announced that it has acquired SoftRight. Based in Westford, Massachusetts, SoftRight is a leader in providing cloud-based financial management software solutions to municipalities to manage core operations like accounting, billing, collections, budgeting, and payroll.
buyer: Accela, Inc.
Accela, Inc. provides civic engagement solutions for government. Accela's Civic Platform, which includes open APIs and mobile apps, enables and improves core processes for city, county, state and federal governments. "
target: SoftRight
SoftRight is a provider of cloud-based financial management software solutions to municipalities. Based in Westford, MA, SoftRight's software has enabled customers to serve their communities more efficiently and with greater transparency, all with the highest levels of satisfaction and retention.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/21/2014 via Market Wire

StoneCalibre, LLC, acquired NetPlus

synopsis: StoneCalibre announced that it has completed the acquisition of NetPlus. Through its web based software framework, they enable commercial and government customers to efficiently manage their telecom systems by providing network operations, telecom expense management and VoIP transition solutions across legacy and Unified Communications platforms.
buyer: StoneCalibre, LLC
StoneCalibre is a privately funded investment firm specializing in the acquisition of lower middle market companies. They are focused on making investments in both special situations and quality long-term capital investment opportunities. "
target parent: NetBoss Technologies, Inc.
target: NetPlus
NetPlus is a leading Telecom Infrastructure Management solutions provider for both commercial and government entities. With over 30 years of experience, NetPlus solutions are used worldwide to improve efficiency, streamline processes, and consolidate telecom and IT management.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/16/2007 via BusinessWire

The Active Network, Inc., acquired InfoSpherix Incorporated

synopsis: The Active Network, Inc., a leading provider of application services technology and marketing solutions for community service and participatory sports organizations, has finalized its acquisition of InfoSpherix, Inc., a subsidiary of Spherix Incorporated.
buyer: The Active Network, Inc. (ACTV:$441.26)
The Active Network, Inc., provides application services technology and marketing access to community service organizations, and is a leading online community for active lifestyles. The company's solutions help organizations improve customer service capabilities and increase revenues. "
target parent: Spherix Incorporated
target: InfoSpherix Incorporated
InfoSpherix designs, hosts, and operates real-time business and contact center solutions for government agencies, with a major focus on public park agencies. InfoSpherix is a wholly owned subsidiary of Spherix Incorporated, based in Beltsville, Maryland.
price ($mm)
$15
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/15/2020 via PR Newswire

Transaction Services Group, acquired PerfectMind Inc.

synopsis: TSG, an Advent portfolio company and leading global provider of business management software, integrated payments, and value-added services to the Health and Fitness, Childcare and Education, and Boutique markets, has acquired PerfectMind Inc., a provider of software for the Parks and Recreation industry, primarily in Canada and the United States.
buyer parent: Advent International
buyer: Transaction Services Group
TSG (Transaction Services Group) is a leading revenue management solutions company that provides business management software, integrated payments, and value-added services to clients around the globe. TSG's focus is on the health and fitness, childcare and early education, and boutique markets. "
target: PerfectMind Inc.
PerfectMind Inc., based in British Columbia, is the creator of an activity registration, facility booking, and membership management platform. It serves member-based organizations including municipalities, residents' associations, school districts, academic institutions, and recreation centers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/29/2017 via Company Press Release

Information Technologies, LLC (ITI) will be merged with Report Exec,

synopsis: Competitive Edge Software (Report Exec) and Information Technologies, Inc. (ITI) are merging. ITI provides a comprehensive cloud-based platform that addresses the law enforcement market. The platform includes modules for computer-aided dispatch, records management, jail management and court administration.
buyer parent: The Riverside Company
buyer: Report Exec
Report Exec was founded with the sole purpose of making the jobs of security and law enforcement professionals easier. They streamline the reporting process, improve the overall quality of reports, and produce statistics that would identify trends and hotspots throughout the organization. "
target: Information Technologies, LLC (ITI)
Based in St. Louis, ITI provides a comprehensive cloud-based platform that addresses the law enforcement market. The platform includes modules for computer-aided dispatch, records management, jail management and court administration.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/12/2014 via Company Press Release

LexisNexis Risk Solutions, acquired Coplogic

synopsis: LexisNexis Risk Solutions announced the acquisition of Coplogic, a leading provider of citizen self-reporting software solutions to law enforcement agencies. The acquisition – which includes Coplogic’s technology, staff and book of business – adds a citizen incident reporting capability to the LexisNexis eCrash solution.
buyer parent: RELX Group plc
buyer: LexisNexis Risk Solutions
LexisNexis Risk Solutions is a leader in providing essential information that helps customers across industries and government predict, assess and manage risk. They provide products and services that address evolving client needs in the risk sector while upholding the highest standards. "
target: Coplogic
Coplogic is a SaaS company dedicated to providing innovative technical solutions to public safety agencies. Their staff combines Silicon Valley engineering expertise with over 100 years of combined law enforcement experience to provide powerful, flexible products to law enforcement agencies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/9/2012 via BusinessWire

Ascend Learning, acquired E*Value

synopsis: Ascend Learning, a leading provider of technology-based educational solutions for healthcare and other vocational industries, has acquired Advanced Informatics, a software company helping healthcare education programs more efficiently manage the clinical education experience of their students through its E*Value solutions.
buyer parent: Providence Equity Partners Inc.
buyer: Ascend Learning
Ascend Learning is a leading provider of technology-based educational, curriculum and assessment solutions for healthcare and other vocational industries, and specializes in delivering higher-performance results for students and professionals. "
target: E*Value
Advanced Informatics is a software company helping healthcare education programs more efficiently manage the clinical education experience of their students. Through its E*Value® software, the company helps its clients manage class schedules, evaluations, outcomes measurement, etc.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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Mercell Holding AS
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Citadel Group Limited
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Citadel is a leading Australian technology and software company that specialise in secure enterprise information management in complex environments. Citadel provides secure information to support real-time decisions across the Health, National Security and Defence industries.
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