SEG’s Software M&A Brief provides a quick snapshot of the week’s notable software deals. Here are this week’s highlights:
Verizon Communications Acquires Blue Jeans Network
Leading telecommunications provider, Verizon, acquires Blue Jeans, a B2B enterprise-grade video conferencing and event platform. The conferencing service gives Verizon the ability to provide real-time engagement solutions as customers shift to remote work. The integration of Blue Jeans into the Verizon network will also yield better video and audio quality for 5G networks.
Transaction Services Group Acquires Perfect Mind
Transaction Services Group, leading provider of payments solutions, acquires Perfect Mind, a provider of cloud-based membership management, online scheduling, and marketing solutions for parks and recreation centers, martial arts schools, yoga and fitness studios, universities, and associations. The acquisition allows for TSG to wrap Perfect Mind’s sticky SaaS business management solutions around its more commoditized payments solutions.
MRI Software Acquires Castleton Technology
MRI Software acquires Castleton Technology, a provider of software solutions for the UK social housing sector. The acquisition of Castleton will equip MRI to provide a stronger product offering to the evolving business models of the UK & Australian residential market. Castleton will benefit from MRI’s complementary experience, capabilities, network, and resources, which will help manage and grow diverse portfolios. Castleton further expands MRI’s international reach and strengthens MRI’s position as the leading provider of software to the public and affordable housing segments.
ScoreVision Acquires Fantag
Leading fan engagement software provider, ScoreVision, acquires Fantag, cutting-edge provider of engaging video solutions. With the acquisition of Fantag, ScoreVision will provide a wider range of video experiences to meet the evolving needs of consumers. Together, ScoreVision will revolutionize their game-time experience product offering, empowering consumers, while raising the standard for live events.