M&A Deal Summary

Anaplan Acquires Fluence Technologies

On April 26, 2024, Anaplan acquired software company Fluence Technologies from Banneker Partners

Acquisition Highlights
  • This is Anaplan’s 1st transaction in the Software sector.
  • This is Anaplan’s 1st transaction in Canada.
  • This is Anaplan’s 1st transaction in Ontario.

M&A Deal Summary
Date 2024-04-26
Target Fluence Technologies
Sector Software
Buyer(s) Anaplan
Sellers(s) Banneker Partners
Deal Type Add-on Acquisition

Target

Fluence Technologies

Toronto, Ontario, Canada
Fluence Technologies provides the only financial close and consolidation software for mid-sized companies. Fluence quick deployment, adoption, and time to value delivers game-changing efficiency gains and trusted, timely numbers for assessing past performance and planning for the future. Fluence Technologies is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Anaplan

Miami, Florida, United States
Category Company
Founded 2008
Sector Internet Software and Services
Revenue 592M USD (2022)
DESCRIPTION

Anaplan develops cloud-based software for creating sales, operations, and finance models and business plans. Anaplan was founded in 2008 and is based in Miami, Florida.

DEAL STATS #
Overall 3 of 3
Sector (Software) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-28 Mintigo

San Mateo, California, United States

Mintigo is a marketing intelligence platform continuously searches the big data of the web and social profiles to help marketers find and engage their best prospects. Mintigo is based in San Mateo, California.

Buy -

Seller(S) 1

SELLER

Banneker Partners

San Francisco, California, United States

Investor

Category Private Equity Firm
Founded 2010
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Banneker Partners is a West Coast based private equity firm focused on investing in software/SaaS, internet, and business services companies. Banneker looks to partner with management when making acquisitions. Firm principals have experience investing in high growth as well as mature/legacy businesses. Banneker Partners was formed in 2010 and is based in San Francisco.

DEAL STATS #
Overall 5 of 5
Sector (Software) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-25 XBE

Kansas City, Missouri, United States

XBE is an operations management software for the horizontal construction industry. The company’s platform includes materials, logistics, and construction management capabilities for the asphalt, concrete, aggregate, and site work segments. XBE was founded in 2017 and is based in Kansas City, Missouri.

Buy -
Mergr

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