M&A Deal Summary

Appspace Acquires Igloo

On September 11, 2025, Appspace acquired software company Igloo from Frontier Growth

Acquisition Highlights
  • This is Appspace’s 2nd transaction in the Software sector.
  • This is Appspace’s 1st transaction in Canada.
  • This is Appspace’s 1st transaction in Ontario.

M&A Deal Summary

Date 2025-09-11
Target Igloo
Sector Software
Buyer(s) Appspace
Sellers(s) Frontier Growth
Deal Type Add-on Acquisition

Target

Igloo

Kitchener, Ontario, Canada
Igloo is a provider of digital workplace solutions, helping companies build inspiring digital destinations for a more productive and engaged workforce. Offering a suite of modern features and solutions for today's evolving workplace, Igloo partners with customers to address challenges related to communication, collaboration, knowledge management, employee engagement, and culture. Igloo was founded in 2008 and is based in Kitchener, Ontario.

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Buyer(S) 1

Buyer

Appspace

Dallas, Texas, United States

Category Company
Sector Internet Software and Services
DESCRIPTION

Appspace offers a software platform for the modern workplace. The company’s software suite specializes in digital signage, enterprise video, and content management and simplifies how organizations share content with their employees. Appspace is based in Dallas, Texas.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-20 Beezy

Dallas, Texas, United States

Beezy is a digital workplace and intelligent intranet solution that helps clients get the most out of Microsoft 365 and SharePoint by bringing together the best of the Microsoft productivity suite all on one intuitive platform. Beezy was formed in 2013 and is based in Dallas, Texas.

Buy -

Seller(S) 1

SELLER

Frontier Growth

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1999
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Frontier Capital LLC is a private investment firm that provides expansion capital to high-growth 'technology-enabled' business service companies generating revenues $8-$30 million. Frontier targets companies that utilize technology, an innovative business process, or a unique expertise to deliver a differentiated service to customers. Frontier typically invests throughout the Southeast and Mid-Atlantic regions of the US and looks to commit $10 to $50 million of equity capital per transaction. Investment proceeds are generally used for growth initiatives, acquisitions, or to provide shareholder liquidity. Frontier Capital was formed in 1999 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 40 of 41
Sector: Software M&A 6 of 6
Type: Add-on Acquisition M&A Deals 25 of 26
State: Ontario M&A 1 of 1
Country: Canada M&A 3 of 3
Year: 2025 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-04 Accessone

Fort Mill, South Carolina, United States

Accessone is a provider of patient payment options designed to help patients manage their healthcare costs while driving best-in-class hospital reimbursement. Accessone offers comprehensive low- and no-interest payment options for all patient balance types, including high-deductible, catastrophic, and financial assistance. No patient is ever denied credit or credit reported, and providers can rely on Accessone to capture more revenue while driving compliance and financial performance. Accessone was founded in 2002 and is based in Fort Mill, South Carolina.

Sell $160M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-01 Dinova

Atlanta, Georgia, United States

Dinova provides a marketplace that connects expense account diners to restaurants nationwide. With a proprietary marketplace of more than 14,000 restaurants and corporate partners that include hundreds of Fortune 500 companies and more than one million small- and medium-sized businesses. Dinova was founded in 2009 and is based in Johns Creek, Georgia.

Sell -