Investment Summary

First Analysis, ABS Capital Partners, Morgan Stanley Expansion Capital and Lenovo Group Exits Scale Computing

On July 31, 2025, Acumera invested in information technology company Scale Computing from First Analysis, ABS Capital Partners, Morgan Stanley Expansion Capital and Lenovo Group

Investment Highlights
  • This is Acumera’s 2nd transaction in the Information Technology sector.
  • This is Acumera’s 2nd transaction in the United States.
  • This is Acumera’s 1st transaction in Indiana.

Investment Summary

Date 2025-07-31
Target Scale Computing
Sector Information Technology
Investor(s) Acumera
Sellers(s) First Analysis
ABS Capital Partners
Morgan Stanley Expansion Capital
Lenovo Group
Deal Type Add-on Acquisition

Target

Scale Computing

Indianapolis, Indiana, United States
Scale Computing provides edge computing, virtualization, and hyperconverged solutions. Its HC3 software eliminates traditional virtualization software, disaster recovery software, servers, and shared storage, replacing these with a fully integrated, highly available system for running applications. Scale Computing was founded in 2007 and is based in Indianapolis, Indiana.

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Investor(S) 1

Investor

Acumera

Austin, Texas, United States

Category Company
Sector Internet Software and Services
DESCRIPTION

Acumera is a provider of software-as-a-service (SaaS) solutions for edge computing, network operations, visualization, and security. Acumera’s combination of edge computing, networking, security, and 24/7 support gives you the flexibility to manage and scale your distributed networks while unlocking unlimited possibilities for innovation. Acumera is based in Austin, Texas.


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
State: Indiana M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 Netsurion - Secure Edge Networking Business

Fort Lauderdale, Florida, United States

Netsurion's Secure Edge Networking Business provides all-in-one managed networking, resilience, compliance, and security solutions.

Buy -

Seller(S) 4

SELLER

First Analysis

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1981
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

First Analysis is a financial advisory and investment firm. First Analysis' private equity arm targets investments in growth companies at all stages of development. The Group looks for opportunities based primarily in the US and can commit up to $10 million of equity per transaction. Sectors of particular interest include outsourced services, (business/government services, education, environmental services, healthcare services, marketing services); information technology, (business integration, call centers, healthcare IT, network security, open source, sensor systems, transaction processing); and chemistry enabled businesses (advanced materials, chemicals, healthcare products, polymers, purification). First Analysis was formed in 1981 and is based in Chicago, Illinois.


DEAL STATS #
Overall 73 of 73
Sector: Information Technology M&A 14 of 14
Type: Add-on Acquisition M&A Deals 53 of 53
State: Indiana M&A 3 of 3
Country: United States M&A 72 of 72
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-11 AmpliFund

Cleveland, Ohio, United States

AmpliFund designs, develops, and markets major edge process management tools for nonprofit and public sector institutions. AmpliFund captures grant information as data and automates hundreds of complex activities throughout the grant lifecycle. AmpliFund board management portal, BoardMax, helps organizations engage and communicate with board members. Both products are high-value, affordable software solutions, designed to help nonprofit and public sector entities maintain compliance, generate revenue, and build capacity. AmpliFund is based in Cleveland, Ohio.

Sell -
SELLER

ABS Capital Partners

Hunt Valley, Maryland, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ABS Capital Partners is a private equity firm that invests in later-stage growth companies in the healthcare, technology, business services, media and communications sectors. ABS provides capital to help fund growth, provide shareholder liquidity, pursue acquisitions, or to effect a management buyout. The Firm prefers US based business and will consider both majority and minority positions. ABS looks to commit $10 to $25 million per transaction. ABS Capital was formed in 1990 and has offices in Baltimore, Maryland; Waltham, Massachusetts; and San Francisco, California.


DEAL STATS #
Overall 72 of 72
Sector: Information Technology M&A 12 of 12
Type: Add-on Acquisition M&A Deals 35 of 35
State: Indiana M&A 1 of 1
Country: United States M&A 71 of 71
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-02 Alula

St. Paul, Minnesota, United States

Alula is a security platform that delivers simplified security for independent security dealers and installers. Designed to reduce truck rolls, increase recurring monthly revenue (RMR), simplify inventory and put dealers in control of their business, their customers and their revenue, the Alula platform is available nationwide through distributors that cater to the alarm and integrator industry. Alula is based in St. Paul, Minnesota.

Sell -
DESCRIPTION

Morgan Stanley Expansion Capital is a division of Morgan Stanley that looks to make growth equity and credit investments in expanding companies operating in the healthcare, digital media, e-commerce, consumer and business services sectors. The unit will consider opportunities throughout North America and Western Europe and primarily targets companies with established products/services looking to scale. Morgan Stanley Expansion Capital is headquartered in New York City.


DEAL STATS #
Overall 11 of 11
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 6
State: Indiana M&A 1 of 1
Country: United States M&A 10 of 10
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-28 VizExplorer

Las Vegas, Nevada, United States

VizExplorer is applying data design and visualization principles to big data problems. Via its proprietary visualization technology, the company offers operational intelligence solutions to enterprise customers within the regulated, land-based gaming and entertainment verticals to provide gaming floor optimization, visitor behavior analytics and customer marketing. VizExplorer was founded in 2007 and is based in Las Vegas, Nevada.

Sell -
SELLER

Lenovo Group

Quarry Bay, China

Category Company
Founded 1984
Sector Technology Hardware
Employees72,000
Revenue 69.1B USD (2025)
DESCRIPTION
Lenovo Group's office in Santa Clara, California.
Lenovo Group's office in Santa Clara, California.

Lenovo Group is a provider of IT hardware. The Group engages primarily in the manufacturing and sale of desktop computers, notebook computers, mobile handsets, servers and peripherals. Lenovo Group was founded in 1984 and is based in Quarry Bay, China.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Indiana M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-16 Infinidat

Waltham, Massachusetts, United States

Infinidat provides data storage technology and services. Infinidat helps customers empower data-driven competitive advantage at a multi-petabyte scale with over 6EB shipped worldwide. Infinidat was formed in 2011 and is based in Waltham, Massachusetts.

Buy -