Cleo - M&A Summary, Ownership, and Business Overview

SoftwareCompany

Cleo M&A Summary

Cleo has acquired 3 companies of its own, including 2 in the last 5 years.

Cleo has acquired in 2 different US states, and 2 countries. The Company’s most targeted sectors include healthcare services (34%) and information technology (34%).

Cleo Ownership

Who owns Cleo?

Cleo is owned by H.I.G. Private Equity. It was acquired on June 9, 2021.

Is Cleo PE-backed?

Yes. Cleo is owned by private equity investor H.I.G. Private Equity.

Was Cleo formerly PE-backed?

Yes. Cleo was formerly owned by 3 private investors.

Cleo Business Overview

Where is Cleo headquartered?

Cleo is headquartered in Rockford, Illinois.

What sector is Cleo in?

Cleo is a software company.

When was Cleo founded?

Cleo was founded in 1976.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity3
  • Total Sectors Invested 3
  • Total Countries Invested 2

Cleo

CLEO Communications, Inc.

4949 Harrison Avenue, Suite 200,
Rockford, Illinois 61108
United States,
www.cleo.com

Cleo is an ecosystem integration software company whose solutions simplify the movement and integration of critical B2B enterprise data, thereby enabling business agility and business flow visibility. The Cleo Integration Cloud (CIC) is a cloud-based platform that brings end-to-end integration visibility across API, EDI, and non-EDI integrations and gives technical and business users the confidence and capability to rapidly onboard trading partners, enable integration between applications, and accelerate revenue-generating business processes. Cleo was established in 1976 and is based in Rockford, Illinois.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 1 - - 1 1 - 3
Sell (0.0/yr) # - - - - - - 0
  3

Most Recent M&A

Company Date Value Type
ECS International 2023-12-14 - Add-on Acquisition
Zwaag, Netherlands · www.ecsinternational.eu
CareTribe, Inc. 2022-05-05 - Add-on Acquisition
Palo Alto, California · www.caretribe.com
EXTOL International, Inc. 2016-04-05 - Add-on Acquisition
Pottsville, Pennsylvania · www.extol.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Healthcare Services 1 (33%) - - -
Information Technology 1 (33%) - - -
Software 1 (33%) - - -
Total 3 - - -

By Geo

State/Country Buy Value Sell Value
United States 2 - - -
  Pennsylvania 1 - - -
  California 1 - - -
Netherlands 1 - - -
Domestic 2 (67%) - - -
Cross-border 1 (33%) - - -
Total 3 - - -

Company Summary

SECTOR

Software

Established

1976

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