M&A Deal Summary

Perceptyx Acquires CultureIQ

On July 14, 2021, Perceptyx acquired internet software and services company CultureIQ from ParkerGale Capital

Acquisition Highlights
  • This is Perceptyx’s 1st transaction in the Internet Software and Services sector.
  • This is Perceptyx’s 2nd transaction in the United States.
  • This is Perceptyx’s 1st transaction in Illinois.

M&A Deal Summary
Date 2021-07-14
Target CultureIQ
Sector Internet Software and Services
Buyer(s) Perceptyx
Sellers(s) ParkerGale Capital
Deal Type Add-on Acquisition

Target

CultureIQ

Schaumburg, Illinois, United States
CultureIQ is a research-backed solution for assessing current culture and closing culture gaps. CultureIQ’s customers span the technology, retail, and financial services sectors in both the US and Europe. CultureIQ was founded in 2013 and is based in Schaumburg, Illinois.

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Buyer(S) 1

Buyer

Perceptyx

Temecula, California, United States
Category Company
Founded 2003
Sector Software
DESCRIPTION

Perceptyx delivers enterprise-level employee surveys and people analytics solutions. Perceptyx technology makes it easy for managers and HR or business leaders to discover insights deep within large and complex organizations, driving meaningful action to improve business outcomes. Perceptyx was founded in 2003 and is based in Temecula, California.

DEAL STATS #
Overall 3 of 4
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Illinois) 1 of 1
Country (United States) 2 of 3
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-14 Waggl

Sausalito, California, United States

Waggl is an employee feedback solution that crowdsources employee comments and ideas in real-time. Waggl’s software platform boosts human connection and enables informed decision-making, rapid alignment, and immediate action. Waggl delivers actionable insights to leaders, ensures that employee voices are heard, and encourages employee engagement through meaningful inclusion and participation in a transparent dialogue. Waggl was founded in 2014 and is based in Sausalito, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-15 Cultivate

San Francisco, California, United States

Cultivate is a AI-powered platform that leverages AI to scale coaching across the enterprise, enabling stronger workplace relationships and empowering people leaders. Cultivate captures existing behavior data in a leader’s own digital communication channels and delivers hyper-personalized leadership insights and recommendations. Cultivate is based in San Francisco, California.

Buy -

Seller(S) 1

SELLER

ParkerGale Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Focused
DESCRIPTION

ParkerGale Capital is a private equity firm focused on small buyouts of technology companies. The Firm will consider opportunities throughout North America and seeks businesses with predictable, recurring business models and at least $2 million profits. ParkerGale has a preference for founder owned companies. ParkerGale Capital was formed in 2015 and is based in Chicago, Illinois.

DEAL STATS #
Overall 2 of 5
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Illinois) 1 of 2
Country (United States) 2 of 5
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 Source Intelligence

Carlsbad, California, United States

Source Intelligence is a global network of businesses linked together to expedite the exchange and validation of compliance information. SI's cloud-based SaaS platform helps customers make informed decisions about business partners to offer products that meet legal, ethical, and environmental standards. Source Intelligence was founded in 2008 and is based in Carlsbad, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-10 Contelligent

Chicago, Illinois, United States

Contelligent is a provider of waste compactor automated monitoring systems to commercial property owners, retailers, and government agencies, to lower their waste removal costs. Contelligent was founded in 1989 and is based in Chicago, Illinois.

Sell -
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