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THE DEAL REGISTER · WEEK OF SEPTEMBER 14, 2026
TPG invests in Tablet Command.
Also this week: Warburg Pincus, KKR, Main Capital Partners, and 16 more are on the software tape.
110 DEALS / 23 SECTORS / 14 PLATFORM / 65 STRATEGIC / 14 GROWTH / 4 FUNDS RAISED / 17 VC WATCH / 2 HEARSAY
    AUTOMOTIVE
Sealand Capital Galaxy acquires Finely Technology Holdings Limited Fleet & Aftersales
£20M Valuation · Finely Technology Holdings Limited – IoT connectivity, cloud-native PaaS and enterprise SaaS platform enabling electric two-wheeled vehicle manufacturers and operators to deploy and manage connected vehicles across North America, South America and Southeast Asia 
Comedor Capital invests in Overfuel Dealer Management
$6M Growth Investment · Overfuel – website, digital retailing, analytics, and inventory management software for automotive, powersports, RV, and marine dealerships 
    CONSTRUCTION/AEC
Endra acquires Planlabs AG (HHM) Design & BIM
Planlabs AG – Generative AI SaaS platform for automated 3D planning of MEP building technology systems — ventilation, plumbing, heating and cooling, fire protection, and electrical — for AEC firms 
Tidemark leads a round in AdaptiveVC Watch Project Management & ERP
$30M Invested · Adaptive – AI-native project accounting platform for mid-market construction companies—general contractors, specialty trades, and developers—automating job costing, AP, billing, WIP, payments, and compliance workflows alongside existing ERPs 
    CYBERSECURITY
Quorum Cyber (Eterna) acquires Ontinue (EQT) Security Operations
Ontinue – AI-powered MXDR platform using its ION agentic-AI engine to detect, investigate and respond to cyber threats across Microsoft environments for enterprises, NGOs and institutions in Europe and the US 
Fime (Gallant) acquires Red Alert Labs GRC & Cyber Risk
Red Alert Labs – IoT cybersecurity evaluation, certification, and compliance automation platform for connected-product manufacturers and IoT solution providers seeking regulatory certification… 
S&P Global acquires OpenZeppelin Cloud & Application Security
OpenZeppelin – smart contract security audits, open-source contract libraries, and the Defender developer security platform for DeFi protocols, stablecoins, tokenized funds, and financial institutions deploying onchain infrastructure 
Beacon Software acquires Haize Labs AI Security
Haize Labs – automated red-teaming, evaluation, guardrails and observability software for stress-testing LLMs and monitoring AI agents in production, sold to frontier AI labs and large enterprises 
    DEVTOOLS/INFRASTRUCTURE
LocalStack acquires WonderTwin AI Developer Tools
WonderTwin AI – stateful local behavioral twins of third-party SaaS APIs (Stripe, GitHub, HubSpot, Twilio, Clerk, PostHog and others) enabling developers and AI coding agents to test integrations offline without connecting to live APIs 
OpenAI acquires Glass Imaging AI Models & Infrastructure
Est. $300M Deal Value · Glass Imaging – AI-powered computational photography software using neural networks trained per camera system to enhance smartphone images at capture, sold to device manufacturers 
fal acquires Lucent AI Models & Infrastructure
Lucent – Agentic AI creative platform for advertising teams that orchestrates generative media models from a plain-language brief, handling brand rules and edits automatically 
Yardi Systems acquires Sidero Labs Developer Tools
Sidero Labs – Talos Linux, an immutable API-managed open-source OS for Kubernetes, and Omni, a SaaS fleet management platform for deploying and operating Kubernetes clusters on bare metal, VMs, and edge hardware 
Lovable acquires Sutro Developer Tools
Sutro – backend-generation platform using SLang, a purpose-built definition language, to produce production-ready APIs and backends without boilerplate, targeting developers and AI coding agents 
    EDUCATION
Define Capital acquires Synergy Gateway Verified Higher Education
Synergy Gateway Verified – student clinical and field placement compliance software for Canadian colleges and universities, collecting and verifying immunizations, police checks, certifications, and other placement requirements across 40-plus institutions 
Main Capital Partners agrees to take Tribal Group private Higher Education
£189.3m Purchase Price · Tribal Group – student information systems and education management software for universities, colleges, TAFE organisations, and schools globally, transitioning to cloud SaaS 
Wooclap (Impact Expansion) acquires Vevox Corporate & Workforce Training
Vevox – live polling, anonymous Q&A, and quizzing platform for university lecturers and corporate training teams seeking real-time audience engagement 
Gruppo Spaggiari Parma (Ambienta) acquires ESDS (E-Schooling Dream Shaper) K-12
ESDS (E-Schooling Dream Shaper) – school management-information-system software for K-12 institutions across Iberia and Latin America, offering the eSchooling and iScholar admin platforms plus DreamShaper for project-based learning 
Procare Solutions (Roper Technologies) acquires Playground K-12
Playground – child care operations and administration software for daycare centers and preschools, covering billing, attendance, enrollment, payroll, parent communication, and AI-powered tools including Camber, an AI assistant built for child care operators 
ESS (Vistria) acquires HeyTutor K-12
HeyTutor – high-dosage in-person Math and ELA tutoring platform for K-12 school districts, with proprietary three-dashboard software tracking student progress and program outcomes in real time 
Main Capital Partners acquires Watermark (TCV) Higher Education
Watermark – assessment, accreditation, faculty activity reporting, and course evaluation software for colleges and universities, serving approximately 1,500 institutions worldwide 
McGraw Hill acquires TeachFX K-12
TeachFX – AI instructional coaching platform that records and analyzes classroom audio to give K-12 teachers automated feedback on questioning techniques, student talk time, and engagement practices 
Pearson acquires ITS (Internet Testing Systems) Assessment & Exams
ITS (Internet Testing Systems) – secure online assessment management, delivery, and reporting software for certification, credentialing, academic, and professional testing programs worldwide 
    ENERGY/UTILITIES
RUX Software (Juxtapose) acquires CBSi (Computer Business Solutions, Inc.) Oil & Gas
CBSi (Computer Business Solutions, Inc.) – ofsERP, a Microsoft-certified ERP extension built on Dynamics 365 Business Central for oilfield services and construction companies needing asset management, equipment rental, inspection, maintenance, and transportation workflows 
Xpansiv acquires Formbay Renewables & Asset Operations
Formbay – renewable energy certificate creation, compliance, and AI-enabled verification platform for solar retailers, installers, and other market participants navigating Australia's small-scale technology certificate schemes 
National Grid Partners takes a minority stake in Terragrit Grid & DER Management
Terragrit – AI-powered operational decision virtualization platform that lets utility, manufacturing, and energy teams build working models of physical operations, test proposed changes, and assess impact before field implementation 
    FIELD SERVICES
Graham Partners acquires Immix (Norland) Security & Patrol
Immix – remote video monitoring workflow software for commercial central stations and security operations centers, used by 200+ monitoring centers to protect businesses, schools, and job sites 
    FINTECH
S&P Global takes a minority stake in Kaiko Crypto & Digital Assets
$110M Invested · Kaiko – institutional-grade digital asset market data, analytics, indices, and on-chain infrastructure serving more than 250 banks, asset managers, exchanges, and financial regulators across 150+ exchanges and crypto protocols 
MoonPay acquires Rhythm Crypto & Digital Assets
Rhythm – onchain trading signals platform on Solana helping crypto traders discover tokens, track market movements, and execute trades without switching apps 
Chime Financial acquires Stride Bank, N.A. Banking & Lending
$590M Transaction Value · Stride Bank, N.A. – federally chartered community bank providing consumer and commercial banking, payments, and specialized fintech sponsor-banking services, headquartered in Enid, Oklahoma 
Tillo (Tenzing) acquires Amilon Payments
Amilon – digital gift card and incentives platform connecting Italian and European businesses, consumers, and brands through employee benefits, digital rewards, and retail tech solutions 
Sovos (Hg) acquires Blue dot Tax & Equity Compensation
Blue dot – AI-driven VAT/GST recovery and taxable employee benefits compliance software for enterprise finance and tax teams managing employee-driven transactions 
Grab Holdings Limited acquires Atome Financial (Advance Intelligence) Banking & Lending
$1.49B Purchase Price · Atome Financial – BNPL, digital lending, and Atome Card platform for underbanked consumers across Singapore, Malaysia, Indonesia, and the Philippines; also operates Kredit Pintar, Indonesia's leading digital lender 
ISPnext (Nedvest) merges with Dynatos (Cronos) Billing & Revenue
Dynatos – e-invoicing, accounts payable and receivable automation, and Source-to-Pay software for European finance and procurement organisations, processing over 45 million invoices per year via its Routty SaaS platform 
Crunchafi (Aquiline) acquires BUCS Analytics Accounting & FP&A
BUCS Analytics – FP&A data integration and consolidation platform connecting ERPs, payroll, CRMs and operational systems for CPA firm CAS practices, PE firms, and mid-market companies 
StrategyCorps (Estancia) acquires Quantuma Banking & Lending
Quantuma – AI-native commercial banking platform deploying dedicated AI agents per business customer to surface relationship opportunities for community and regional financial institutions 
Insight Partners leads a round in KastleVC Watch Banking & Lending
$24M Invested · Kastle – AI agent platform for consumer lending workflows — mortgage origination, servicing, and collections — at banks and mortgage servicers, operating across their existing core systems 
Vista Equity Partners weighs sale of FinastraHearsay
Finastra – banking and financial software platform serving financial institutions globally with lending, payments, treasury, and capital markets solutions ·  per privateequitywire.co.uk 
    GOVTECH
Ubicquia acquires Databuoy Corporation Public Safety & Justice
Databuoy Corporation – acoustic gunshot detection and localization software and sensors for law enforcement, schools, airports, stadiums, utilities, and critical infrastructure operators 
NexPhase Capital invests in EVERYWHERE Communications Public Safety & Justice
EVERYWHERE Communications – mission-critical software platform combining resilient communications, workforce safety automation, and real-time situational awareness for government agencies and enterprise organizations operating in demanding environments across 175+ countries 
Volaris Group (Constellation Software) acquires Matrix Booking Civic Services & Libraries
Matrix Booking – desk, room, and resource booking SaaS for UK Central Government, Local Government, NHS trusts, and enterprise organisations managing hybrid workplaces 
Kofile Technologies, Inc. (Audax) acquire Scantek
Scantek – high-volume document scanning, digitization, records management, and cloud-based archiving services for government, healthcare, education, financial services, and manufacturing organizations in the Northeast 
TPG invests in Tablet Command Public Safety & Justice
Tablet Command – real-time incident command and response software for fire departments and public safety agencies, digitizing tactical command, unit tracking, personnel accountability, and post-incident reporting 
Northcote Equity takes a minority stake in Aquila Learning Defense & Intelligence
Aquila Learning – training lifecycle management software (ALaRMS) for defence and aerospace organisations, covering analysis, design, delivery and assurance of complex, high-risk training programmes 
    GRC
Spectrum Equity leads a round in XapienVC Watch Due Diligence & Screening
$56m Invested · Xapien – AI-native due diligence SaaS platform that automates background investigations on individuals and organizations for compliance, legal, and procurement teams at law firms, banks, universities, and corporates 
QED Investors leads a round in FootprintVC Watch AML & Financial Crime
$25M Invested · Footprint – AML, KYC, KYB, transaction monitoring, and enhanced due diligence workflows for FDIC- and OCC-regulated banks and fintechs, delivered via an agentic AI operating system called Percy 
Frst leads a round in OpioVC Watch Due Diligence & Screening
€4M Invested · Opio – AI-powered financial due diligence software that automatically collects, verifies, and organizes company financial data for transaction services teams at audit and advisory firms 
General Catalyst leads a round in ComplirVC Watch Policy & Regulatory Change
$11M Invested · Complir – AI infrastructure platform that automates product compliance workflows—labelling, testing, risk scoring, and regulatory monitoring—for retailers and consumer brands selling physical products across international markets 
    HEALTHCARE
Scaleup Europe Fund (EQT) leads a round in Tandem HealthVC Watch Provider EHR & Practice Management
$100M Invested · Tandem Health – Ambient AI scribe and clinical operating system that listens to consultations and generates structured notes, billing codes, and referral documents for clinicians across European health systems, integrated with 100+ EHRs 
Five Elms Capital leads a round in UrgentIQVC Watch Provider EHR & Practice Management
$15M Invested · UrgentIQ – AI-native EMR and clinical-financial operating platform purpose-built for urgent care centers, covering intake, clinical documentation, coding, revenue cycle management, and payments 
Medallion acquires Andros Provider EHR & Practice Management
Andros – NCQA-certified credentials verification and provider network lifecycle platform covering recruitment, credentialing, network development, and monitoring for health plans and provider organizations 
KKR, Neuberger Berman take a minority stake in Datavant (New Mountain)
Datavant – health data connectivity and de-identification platform linking patient records across 80,000+ providers, all U.S. payers, and 350+ life sciences and analytics partners 
WJRJJ Ventures, LLC take a minority stake in HealthStream, Inc. Care Staffing & Workforce
$40M Gross Proceeds · HealthStream, Inc. – workforce development, learning management, credentialing, and scheduling SaaS for hospitals, health systems, and other healthcare provider organizations across the United States 
Centauri Health Solutions (Abry) acquires Benny Payer & Population Health
Benny – AI-enabled SSDI/SSI disability benefits application software for legal aid groups, social service providers, and disability advocates to prepare and submit applications to the Social Security Administration 
HealthCap leads a round in AMRA MedicalVC Watch Life Sciences & Clinical
AMRA Medical – Cloud-based MRI diagnostic software that converts whole-body MRI scans into automated fat and muscle biomarkers for clinical trial endpoints and clinical practice, serving pharmaceutical researchers, clinical trial sponsors, and clinicians 
Endpoint Clinical (Arsenal) acquires Bluefin Life Sciences & Clinical
Bluefin – demand, supply, and distribution forecasting and planning software for clinical trial supply teams at pharmaceutical sponsors and CROs 
Neon leads a round in Ayble HealthVC Watch Patient Engagement
$16M Invested · Ayble Health – AI-enabled virtual GI clinic delivering multidisciplinary digestive and autoimmune care to patients through health plans, employers, and health system partnerships 
MRO (Parthenon) acquires Vyne Medical (TJC) Revenue Cycle & Payments
Vyne Medical – voice, fax, and image capture and intelligent document processing software that converts unstructured clinical communications into discrete digital data for hospitals and health systems 
IDEXX Laboratories acquires CoVetAI Veterinary
CoVetAI – AI-native ambient listening and clinical workflow software that automates SOAP notes, transcribes consultations, and streamlines client communication for veterinary practices and teams globally 
Flare Capital Partners leads a round in Kairon HealthVC Watch Payer & Population Health
$5M Invested · Kairon Health – value-based care execution platform that converts claims, EHR and qualitative data into prioritized workflows for ACOs, health systems, IPAs and MSOs closing care gaps under risk contracts 
Sheridan Capital Partners invests in PtEverywhere Provider EHR & Practice Management
PtEverywhere – EMR and practice management software for physical therapy clinics, integrating scheduling, clinical documentation, billing, telehealth, and patient engagement in a single platform 
Vizient acquires SxanPro Healthcare Supply Chain
SxanPro – UDI-enabled mobile scanning software for hospital supply chain inventory visibility, tracking lot numbers, expiration dates and recall status across operating rooms, cath labs and specialty carts 
    HOSPITALITY/RESTAURANTS
Daxko (Genstar) acquires Alaris Fitness & Wellness
Alaris – childcare compliance and check-in management software for health clubs, YMCAs, JCCs, and recreation centers, covering staff-to-child ratio tracking, meal program compliance, and state licensing 
OrderYOYO (Pollen Street) acquires Cashdesk Restaurant Operations
Cashdesk – White-label POS, delivery-management, and online-ordering software for takeaway and quick-service restaurants in the Netherlands, serving 700+ restaurant partners 
Guesty acquires Smily Hotel & Property Operations
Smily – vacation rental PMS and channel manager purpose-built for French and European short-term rental managers, syncing listings across 1,000+ OTAs with centralized booking, payments and guest messaging 
Dormakaba acquires Alliants Hotel & Property Operations
Alliants – guest experience platform for luxury and full-service hotels offering concierge, contactless check-in, mobile key, payments, messaging, and AI across the full guest journey 
Edelweiss Software Group (Valsoft) acquires Mirus Information Technology Services Restaurant Operations
Mirus Information Technology Services – restaurant analytics and data warehousing platform that integrates POS, labor, inventory, financial, loyalty, and delivery data into unified reporting and dashboards for multi-unit restaurant operators 
    HR/PAYROLL
Wellthy acquires Cleo Employee Wellbeing
Cleo – employer-sponsored family benefits platform guiding employees through family planning, pregnancy, parenting, and eldercare via certified guides and a mobile app, sold to large enterprises and health plans globally 
The General Partnership leads a round in ThatchVC Watch HCM & Payroll
$108M Invested · Thatch – ICHRA-based health benefits administration platform enabling employers to set tax-free budgets that employees use to choose individual health insurance plans and healthcare expenses 
Harver (Rubicon) acquires Symphony Talent (STG) Talent Acquisition & Assessment
Symphony Talent – recruitment marketing, employer branding, and candidate relationship management software for enterprise-scale employers globally 
Phoenix Education Partners acquires Fuel50 Performance & Skills
$31.5M Purchase Price · Fuel50 – AI-powered talent marketplace and skills intelligence platform for internal mobility, career pathing, and workforce reskilling at midmarket and large enterprises 
    INDUSTRIAL/MANUFACTURING
Hexagon acquires Wuhan ZG Automation Technology Co., Ltd Quality & Validation
Wuhan ZG Automation Technology Co., Ltd – handheld 3D scanning hardware and software for quality inspection, reverse engineering, and digitisation of complex parts for automotive, aerospace, rail, and heavy industry manufacturers 
Moore Strategic Ventures leads a round in CADDiVC Watch CAD/CAM/PLM & Simulation
$1.2B Valuation · CADDi – AI data platform that ingests engineering drawings, CAD files, ERP, and quality data to help manufacturers standardize parts, optimize procurement decisions, and conduct quality impact assessments 
Hawk Ridge Systems (Main Street) acquires TPM's Manufacturing Division CAD/CAM/PLM & Simulation
TPM's Manufacturing Division – SOLIDWORKS, DriveWorks, and design automation software reselling, training, and services for midmarket manufacturers across the Southeast United States 
I-care Group acquires Amiral Technologies Maintenance & Asset Management
Amiral Technologies – DiagFit AI software for anomaly detection and fault diagnosis in complex industrial equipment — used by operators in nuclear, defense, rail, and manufacturing — running on sensor data without requiring prior failure examples 
Silversmith Capital Partners invests in Vantora IIoT & Connected Assets
$100M Invested · Vantora – AI-native venture studio that embeds founders and AI engineers inside large industrial enterprises — energy, aviation, logistics, manufacturing, automotive — to build bespoke operating companies the enterprise owns 
    INSURANCE
Fastweb+Vodafone leads a round in Mama InsuranceVC Watch Agency & Distribution
Mama Insurance – AI-native home and contents insurance MGA platform for Italian homeowners, renters, and SMBs, with policies purchasable fully online in under two minutes; underwritten by Chubb 
Insight Partners leads a round in Luzern RiskVC Watch Underwriting & MGA Platforms
$45M Invested · Luzern Risk – AI-native captive insurance management platform for mid-market businesses to design, launch, and manage captive programs end-to-end 
    IT SERVICES
RLH Equity Partners invests in Climb Systems Integration & Implementation
Climb – databricks-native data and AI consultancy helping enterprises in healthcare, life sciences, banking, insurance and capital markets build, migrate and scale data and AI solutions on the Databricks platform 
Lucient Group (Quadrivio) acquires Dev4Side Group Systems Integration & Implementation
Dev4Side Group – microsoft 365, Azure, and agentic AI software house for Italian mid-corporate enterprises, comprising Intranet.ai (proprietary SharePoint-based digital workplace suite) and Dev4Side Software (custom AI-enabled applications, Azure cloud infrastructure… 
xAmplify (Macquarie Capital Principal Finance) acquires Accelerate IT Solutions Systems Integration & Implementation
Accelerate IT Solutions – Perth-based ServiceNow consultancy delivering specialist workflow automation implementation and managed services to enterprise clients across Australia 
Sverica Capital Management invests in Atrium Systems Integration & Implementation
Atrium – AI-native Salesforce and Snowflake consulting firm delivering implementation, data strategy, and managed services to enterprises 
Niobrara Capital acquires MSP Corp. (Alfar +2) Managed Services (MSP)
MSP Corp. – Pan-Canadian managed IT and cybersecurity services provider delivering outsourced IT infrastructure, MSSP, and cloud management to small and midsize businesses across 12 offices and six provinces 
CyberMaxx acquires Avertium (Sunstone) Managed Security Services (MSSP)
Avertium – managed cybersecurity and GRC services for mid-market and enterprise organizations, with deep Microsoft security stack expertise across Defender, Sentinel, Entra, Purview, Intune, and Copilot 
HR Path acquires ModusForce Systems Integration & Implementation
ModusForce – Dayforce HCM implementation and optimisation consultancy delivering advisory, change management, and managed support services to UK and Ireland employers 
Softcat acquires GDT (HIG) Systems Integration & Implementation
$1.05bn Enterprise Value · GDT – Enterprise IT solutions provider and systems integrator delivering networking, hybrid cloud, data center, cybersecurity, and collaboration services to large enterprises across a wide range of industries 
TRG (Gemspring) acquires Vista Technology Support (LDC) Managed Services (MSP)
Vista Technology Support – technology field services and support for retail, hospitality, leisure and healthcare businesses, covering installation, break-fix, preventative maintenance and service desk across UK and Ireland 
    LEGAL
Vendep Capital leads a round in EnforceShieldVC Watch IP & Patents
€1.7M Invested · EnforceShield – Autonomous SaaS platform that executes end-to-end IP enforcement workflows — detection, legal analysis, takedown, monitoring and escalation — for e-commerce and D2C enterprise brands facing counterfeits and unauthorized sellers 
    MARTECH
xSeek acquires LLMonade SEO & Content
LLMonade – GEO and LLM SEO tools and services that help brands write, revise, and publish content optimized for citation by AI answer engines such as ChatGPT and Perplexity 
Cemantica acquires Blue Green Ad Tech & Measurement
Blue Green – patented digital customer journey analytics and experience optimization software serving enterprise B2C, B2B, and B2B2C brands in financial services, healthcare, consumer, and technology 
Cyces Inc. acquires Looppanel Market Research & Insights
Looppanel – AI-powered qualitative user research platform offering transcription, thematic analysis, and insight repository tools for UX and product teams 
Taboola acquires Dianomi Ad Tech & Measurement
Dianomi – native advertising platform placing finance-brand sponsored content on premium publishers including Reuters, CNN Business, and WSJ, serving advertisers such as Charles Schwab, Invesco, and Bank of America. 
    MEDIA/ENTERTAINMENT
Lightstorm Vision (Lightstorm Entertainment) acquires Outsyders Creative Tools
Outsyders – AI-powered machine learning 3D conversion pipeline and immersive content tools for film studios, streaming platforms, and XR content creators 
OpenBet (OB Global) acquires OmniLogic Gaming
OmniLogic – omnichannel sportsbook technology — trading, risk management and back-office — purpose-built for regulated lottery operators and WLA member state lotteries across EMEA 
Vitruvian Partners acquires Fever Labs, Inc. (Atresmedia Corporación) Ticketing & Live Events
€227M Purchase Price · Fever Labs, Inc. – live entertainment discovery and ticketing platform enabling consumers to find and book concerts, immersive shows, and cultural experiences across 150-plus cities worldwide 
    REAL ESTATE/PROPTECH
Bilt acquires Livly Multifamily & Resident
Livly – all-in-one resident mobile app and property management platform for multifamily apartment communities, covering rent payments, maintenance, amenity booking, and resident engagement 
amberra leads a round in syteVC Watch Real Estate Data & Analytics
€9M Invested · syte – AI-powered land and property analytics software for developers, banks, and brokers to assess building potential, zoning rules, and financial viability before construction 
Mainstay acquires Truelist Real Estate Data & Analytics
$18M Deal Value · Truelist – AI-powered listing platform enabling residential brokers and agents to create, manage, distribute and automate workflows for home sale listings 
    SUPPLY CHAIN/LOGISTICS
Jaggaer (Vista) acquires Ivoflow Supply Chain Planning
Ivoflow – direct materials spend and price intelligence software that benchmarks component-level pricing against commodity indices, currency movements and external market data to help manufacturers identify savings and negotiate suppliers 
Shorooq and Emirates Growth Fund (Shorooq) invest in Fleet Management Systems International (FMSi) Fleet & Fuel
Fleet Management Systems International (FMSi) – SaaS fleet telematics platform offering in-vehicle monitoring, AI video telematics, fatigue detection, fuel control and journey management for enterprise fleets in energy, construction, logistics and transportation across the GCC 
Vesta Software Group (Constellation Software) acquires Aucxis BV Food & Retail Supply Chain
Aucxis BV – electronic auction-platform and RFID tracking software for fish, flower, and fresh produce auction operators worldwide 
Main Capital Partners acquires Boxwise Warehouse & Robotics
Boxwise – warehouse management software for Dutch wholesalers, e-commerce companies, and hospitals, integrating with Exact Globe and AFAS Profit ERP systems 
VIP (Warburg Pincus) acquires Encompass Technologies (Cove Hill) Food & Retail Supply Chain
Encompass Technologies – Cloud-native ERP, route accounting, CRM, and eCommerce software for beverage producers, distributors, and retailers across the three-tier supply chain 
Solen Software Group acquires distrib-u-tec Food & Retail Supply Chain
distrib-u-tec – Integrated ERP, WMS, and accounting software for North American food distributors, processors, and packers, covering order entry, inventory control, production, and traceability 
Shippingbo (Main Capital Partners) acquires Baback TMS & Freight
Baback – white-label returns and post-purchase SaaS platform automating return requests, exchanges, store credit, carrier coordination, and shipment tracking for Shopify-native fashion and apparel e-commerce brands 
Aptean (TA Associates) acquires FleetGO (Main Capital Partners) Fleet & Fuel
FleetGO – transport management, fleet management, warehouse management and telematics compliance software for mid-sized fleet operators and logistics service providers across Benelux, DACH, France and the UK 
GTCR in talks for SPS CommerceHearsay
SPS Commerce – cloud-based supply chain management and EDI platform serving retailers, suppliers, and logistics providers ·  per StocksToTrade 
    HORIZONTAL SAAS
Allyant (Thompson Street) acquires Braille Works Content & Document Management
Braille Works – braille, large print, audio, and accessible PDF document production and conversion services for businesses serving blind and visually impaired customers 
Vitruvian Partners invests in Smartling (Battery Ventures) Content & Document Management
Smartling – AI-powered translation management platform that automates multilingual content workflows for global enterprises across websites, apps, and documents 
Superhuman acquires Fathom Collaboration & Communications
Fathom – AI meeting notetaker that records, transcribes, and summarizes Zoom, Google Meet, and Teams calls, syncing action items and insights into CRMs, Slack, and other productivity tools for sales, CS, and knowledge-worker teams 
Barndoor AI acquires Diaphora Enterprise AI Platforms
Diaphora – LLM-native AI service engine that turns prompts and skills into deterministic, schema-validated, API- and MCP-callable production services for enterprise workflows 
MTS Exolve (MTS PJSC) acquires MightyCall Enterprise Russian Edition Customer Service & CX
MightyCall Enterprise Russian Edition – russian-developed on-premise and cloud contact-center software automating inbound and outbound call flows, IVR, CRM integration, and analytics for large and mid-sized enterprises in banking, healthcare, insurance, retail, and government 
    OTHER
Garmin acquires Applied Ballistics Defense & Aerospace
Applied Ballistics – professional-grade ballistic solvers, radar-validated projectile models, and a companion Quantum app for hunters, competitive shooters, and tactical long-range users 
    FUNDS RAISED
Intrepid Growth Partners closes Fund I
$525M · Specialist growth investor backing AI companies applying machine intelligence to transform established industries, with a focus on the Canada-UK corridor, the US, and Europe 
Morgan Stanley Investment Management closes inaugural
$1.3 billion · Growth equity investment platform within Morgan Stanley targeting late-stage private, tech-driven companies including software, fintech and AI 
PSG Equity closes PSG Europe III
€4.4bn · Growth equity firm specializing in partnering with software and technology-enabled services companies to drive transformational growth 
Bain Capital Ventures closes Fund XI
$1.6 billion · Venture firm backing early-stage founders in AI infrastructure, applications, physical AI, science, security and services 
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