Welcome to page two. Here are M&A deals 21 and beyond for February 2024.
B. Software, Data Centers and IT Services M&A
21. Private Equity and Software: Thoma Bravo is acquiring Everbridge for $1.8 billion. Everbridge develops national public warning solutions for mass notifications, IT incident management, travel risk management, physical security and more. Everbridge's SaaS-based software also has ESG (environmental, social and governance) use cases.
22. Private Equity and Software: Thoma Bravo has completed the acquisition of EQS, a compliance software provider.
23. Compliance Software: Private equity firm Thoma Bravo has completed the EQS Group acquisition for roughly €400 million (US$430.9 million).
24. IoT and Remote Monitoring Software: HSL Compliance has acquired Plexus Innovation, a provider of IoT technology and remote monitoring solutions. The technology will enable HSL to "accurately monitor its clients’ individual water assets remotely, alerting them to issues as they arise and allowing the business’ expert engineers to take targeted action to resolve." Financial terms of the deal were not disclosed. This is HSL's fourth acquisition in less than two years. Earlier acquisitions involved Jordan Environmental, DMA Canyon and Chemical Treatment Services.
25. Deal Excludes ESG Software Assets: Datasite is acquiring Ansarada Group for an implied equity value of $263.3 million, Business News Australia reported. Ansarada Group develops a SaaS platform that allows customers to "securely managing critical information, workflow and collaboration in high stakes processes like deals, risk, compliance, board governance and procurement." However, the M&A deal excludes Ansarada's early-stage ESG software business. As a result, Ansarada CEO Sam Riley has agreed to acquire those assets as a carveout for $500,000.
26. Consulting and Software: WAP Sustainability Consulting has acquired Atmos AI, a startup focused on ESG reporting software. Financial terms of the deal were not disclosed.
27. Food Supply Chain Software: Ever.Ag has acquired Integrated Control & Information Systems and their Plant Energy product suite (rebranded as Ever.Ag Energy Manager). The software includes "advanced energy management and sustainability solutions in the dairy and distilling industries." Financial terms of the deal were not disclosed.
28. MSP and ESG Software: WAP Sustainability Consulting has acquired Atmos AI. The deal blends an established MSP and sustainability consultancy with an ESG and carbon accounting software startup. Financial terms of the deal were not disclosed.
29. Compliance Automation: Private equity firm Edgewater Equity Partners has acquired Ascent Technologies, a developer of compliance automation solutions for financial services companies. Ascent Technologies, in turn, has acquired Waymark -- a UK-based provider of horizon scanning and compliance management workflow solutions. Financial terms for each deal were not disclosed.
30. Data Centers: Starwood Capital Group has acquired a 50% stake in Echelon Data Centres, a sustainability-focused data center infrastructure provider in Ireland and the United Kingdom. The investment, involving roughly US$850 million, gives Echelon an enterprise value of roughly €2.5 billion (US$2.7 billion).
31. Data Centers: atNorth, a Nordic provider of sustainable data center services, has acquired Gompute, a High Performance Computing (HPC) provider. The deal, completed in 2023, allows atNorth to further scale its services for AI and high-performance workloads, BNN reported.
32. Drone Technology: BAE Systems has acquired Malloy Aeronautics – a developer of "sustainable" heavy lift drone and aeronautical technologies. Roughly 80 Malloy employees will join BAE. Financial terms of the deal were not disclosed.
33. Procurement Services: Accenture is acquiring Insight Sourcing, a provider of strategic sourcing and procurement services -- particularly for private equity customers. The deal also includes Insight Energy -- an energy procurement and management business. Financial terms of the deal were not disclosed.
Continue to page three of the article for M&A deals 34 and beyond for February 2024.
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