Hermetic Solutions Group has been acquired by Windjammer Capital Investors
Tinton Falls, NJ – 27th February 2019 – Hermetic Solutions Group, a global provider of mission-critical, highly engineered component and protection solutions, announces that it has been acquired by Windjammer Capital Investors, a middle-market focused private equity investment firm that values close partnership with portfolio company management. The terms of the deal were not disclosed. “The acquisition very much aligns with our original vision for Hermetic Solutions Group; that is unparalleled levels of service and product offerings in the hermetic products space. We see nothing but upside for our customers and employees and are positioned well for growth in 2019 and beyond,” said Rick Ferraid, Chairman of the Board.
http://hermeticsolutions.com/2019/02/hermetic-solutions-group-has-been-acquired-by-windjammer-capital-investors/
Alight to acquire Workday and Cornerstone OnDemand Business from Wipro
Bangalore, India and Lincolnshire, Illinois – 27th February 2019 - Wipro Limited, a global information technology, consulting and business process services company, and Alight Solutions, a technology-enabled health, wealth and Human Capital Management (HCM) solutions comapny, have agreed to expand their relationship by signing a definitive agreement to divest Wipro’s Workday and Cornerstone OnDemand business to Alight for cash consideration of up to USD110 million. Following the closing of the 10-year agreement, previously announced in September 2018, Alight and Wipro continue to explore additional strategic opportunities and possible alignment of portfolios based on their respective strengths. “This acquisition enhances both the depth and breadth of our HCM solutions, one of Alight’s fastest-growing businesses. We are proud to welcome so many talented employees with specialized skills and expertise to the Alight team,” said Chris Michalak, Chief Executive Officer, Alight Solutions.
https://alight.com/our-story/newsroom/alight-to-acquire-workday-and-cornerstone-ondemand
Quorum Software Acquires Coastal Flow Measurement, Inc. and Flow-Cal, Inc.
Houston - 26th February, 2019 – Quorum Software, a Thoma Bravo portfolio company and the leader in digital transformation for the oil and gas industry, has announced that it has entered into a definitive agreement to acquire Houston-based Coastal Flow Measurement inc, a family of energy measurement services and software companies, including its information services and technologies subsidiary, Flow-Cal, Inc. The acquisition expands and strengthens Quorum’s oil and gas software and services portfolio with the long-time leader in measurement data management for natural gas and petroleum liquids. “Flow-Cal technology is the industry standard and their employees, as well as the talented employees of Coastal Flow, are valued additions to our team,” said Gene Austin, chief executive officer of Quorum. “In addition to deep industry knowledge, our organizations share longstanding relationships with customers and partners, and we are eager to explore all of the ways that we can together provide best-in-class products and services to energy industry participants.”
Thoma Bravo to acquire ConnectWise
TAMPA, Fla., Feb. 25, 2019 - ConnectWise has announced its pending acquisition by Thoma Bravo, LLC, a private equity investment firm. Thoma Bravo’s software expertise, extensive track record and deep capital will enable ConnectWise to pursue a strategy focused on organic growth and strategic acquisitions. The transaction was expected to close on Feb. 28. After the transaction is completed, ConnectWise founder and CEO Arnie Bellini will transition into an advisory role, and current president and COO, Jason Magee, will become CEO of the company. Terms of the transaction were not disclosed. “Five years ago, we began exploring all of the financial options to accelerate the ConnectWise mission and our partners’ success. Thoma Bravo was the clear and obvious choice over an Initial Public Offering (IPO) and seven other private equity firms,” Arnie Bellini said. “Thoma Bravo is the premier investor in Software-as-a-Service (SaaS) technology. ConnectWise and Thoma Bravo have co-created a multi-year strategy that is aligned with our mission, vision, culture and partners. With this new relationship we plan to accelerate our partners’ success worldwide.”
https://www.thomabravo.com/media/connectwise-announces-pending-acquisition-by-thoma-bravo
Verisk to Acquire SAP’s Content as a Service (CaaS) Business to Strengthen Partnership
Jersey City, New Jersey and Walldorf, Germany 25th February 2019 - Verisk, a data analytics provider, and SAP SE, have announced they have entered into a strategic partnership to co-develop the next generation of product compliance solutions. The partnership agreement is strengthened by Verisk signing a definitive agreement to acquire SAP’s Content as a Service (CaaS) business, which includes the Environmental Health and Safety Regulatory Content (ERC) and Environmental Health and Safety Regulatory Documentation (ERD) teams and data assets. The business will become part of Verisk 3E, a Verisk business focused on providing intelligent compliance solutions in the environmental health and safety (EHS) and product compliance space. The acquisition significantly accelerates Verisk 3E’s efforts to become the premier provider of integrated content, expertise, and services for the EHS and product compliance industry and expedites its growth strategy. Both the partnership and the acquisition extend Verisk 3E’s global customer footprint and European operations. Scott Stephenson, Chairman, President, and CEO of Verisk, sad: “Acquiring SAP’s CaaS business furthers our growth strategy and creates value for our shareholders, while also establishing a solid foundation for collaboration with SAP throughout the Verisk enterprise. The businesses will be a valuable addition to both Verisk and Verisk 3E, and we look forward to working more closely with SAP in the future.”
https://www.verisk.com/press-releases/2019/february/verisk-and-sap-announce-strategic-partnership-to-reimagine-product-compliance/
Alight Solutions acquires Carlson Management Consulting
Lincolnshire, ILL. February 22, 2019 - Alight Solutions, a technology-enabled health, wealth, and human capital management solutions company, has announced it has acquired Carlson Management Consulting, an Adaptive Insights implementation partner that provides system implementation, optimizations and integrations to transform financial processes and operations to the cloud. With more than 40 employees and over 350 active customers, Carlson delivers best-in-class cloud solutions for Corporate Performance Management (CPM), Enterprise Resource Planning (ERP), Systems Integration, value-added consulting and outsourced services to organizations of all sizes and across all industries. Carlson’s DataBlend business is not included in the acquisition. Carlson is a platinum partner to Adaptive Insights, a cloud-based budgeting, planning and business analytics solution that offers a 360-degree view of past, present and future business performance to help organizations make more informed decisions.
https://alight.com/our-story/newsroom/alight-solutions-acquires-carlson-management
Bridgeline Digital to Acquire OrchestraCMS Product from Stantive Technologies Group
Burlington, Mass – 20th February 2019 - Bridgeline Digital, Inc, a provider of cloud-based Web Content Management, eCommerce and Marketing Automation software, has announced that the Company will be acquiring certain assets (pending approval) of Stantive Technologies Group, including OrchestraCMS, on March 1, 2019. OrchestraCMS, Stantive Technologies Group’s Digital Experience Platform (DXP), will become a significant part of Bridgeline’s portfolio of digital experience solutions, and will add a content management system that is 100% natively-integrated with Salesforce. Incorporating Bridgeline Unbound will enhance Stantive’s current customer digital experience and highlight the Bridgeline Unbound product suite’s expanded capabilities and increased resources for customer service and support. Doug Girvin, Founder of Stantive Technologies Group, said: “By joining forces with Bridgeline, the OrchestraCMS team will increase investment in innovation, while integrating the broad suite of Digital Experience Solutions from Bridgeline into OrchestraCMS.”
https://www.bridgeline.com/about/news/bridgeline-digital-to-acquire-orchestracms-stantive-technologies-group
