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Weekly M&A Report – May 29th, 2023

GrowthPoint Technology Partners provides weekly summary and outlook on last week’s technology M&A deal activity:

83 deals announced

Median multiple of 1.8x

$88.6B announced total deal value year to date in technology M&A activity with 2,074 closed transactions announced

Notable deals in technology M&A include:

Advantive to Acquire VeraCore Read More

Advantive, a mission-critical software provider for specialty manufacturing and distribution businesses, today announced that it has acquired ParityFactory, a food and beverage manufacturing software solution rooted in food safety, as well as VeraCore, a leading SaaS order and warehouse management provider for top fulfillment companies and third party logistics providers (3PLs). These acquisitions continue Advantive’s mission to streamline manufacturing and distribution processes, optimize visibility and throughput of operations, and drive improved quality, profitability, and revenues.

KPA to Acquire AnchoRock Read More

KPA, a leading provider of Environment, Health and Safety (EHS) software and solutions, announced today the acquisition of AnchoRock, a construction safety and compliance software company. AnchoRock provides easy-to-use, mobile-first safety and compliance management software specifically designed for contractors to digitize their safety programs and automate daily tasks to stay compliant and keep workers safe.

Snowflake to Acquire Neeva Read More

Cloud-based data warehouse company Snowflake on Wednesday said that it was acquiring Neeva, a startup based in Mountain View, California, for an undisclosed sum in an effort to add generative AI-based search to its Data Cloud platform.

Download the full report below: