M&A Deal Summary

Advantive Acquires VeraCore

On May 23, 2023, Advantive acquired internet software and services company VeraCore

Acquisition Highlights
  • This is Advantive’s 1st transaction in the Internet Software and Services sector.
  • This is Advantive’s 5th transaction in the United States.
  • This is Advantive’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2023-05-23
Target VeraCore
Sector Internet Software and Services
Buyer(s) Advantive
Deal Type Add-on Acquisition

Target

VeraCore

Farmington, Connecticut, United States
VeraCore is SaaS order and warehouse management software trusted by top fulfillment companies and 3PLs. Rules-based automation enables you to control all aspects of your warehouse operation and satisfy each of your clients’ unique requirements. VeraCore VeraCore was founded in 1981 and is based in Farmington, Connecticut.

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Buyer(S) 1

Buyer

Advantive

Tampa, Florida, United States
Category Company
Founded 2022
Sector Software
DESCRIPTION

Advantive’s industry-specific software solutions streamline complex manufacturing and distribution processes, optimize operations visibility and throughput, and drive improved quality, profitability, and revenue growth. The new company offers Enterprise Resource Planning (ERP), Manufacturing Execution Systems (MES), and Statistical Process Control (SPC) software solutions for specialty manufacturers and wholesale distributors.

DEAL STATS #
Overall 5 of 7
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 4 of 6
State (Connecticut) 1 of 1
Country (United States) 5 of 6
Year (2023) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-23 ParityFactory

Seattle, Washington, United States

ParityFactory is a food and beverage manufacturing software solution that provides warehouse management and digital tracing solutions. ParityFactory was founded in 1985 and is based in Seattle, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-26 Proplanner

Ames, Iowa, United States

Proplanner is a process engineering and management software for discrete manufacturers with tools for launching complex products. Proplanner is based in Ames, Iowa.

Buy -
Mergr

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