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  6. Bluesight Acquires Protenus

M&A Deal Summary

Bluesight Acquires Protenus

On January 9, 2025, Bluesight acquired software company Protenus from Eight Roads

Acquisition Highlights
  • This is Bluesight’s 2nd transaction in the Software sector.
  • This is Bluesight’s 3rd transaction in the United States.
  • This is Bluesight’s 1st transaction in Maryland.

M&A Deal Summary
Date 2025-01-09
Target Protenus
Sector Software
Buyer(s) Bluesight
Sellers(s) Eight Roads
Deal Type Add-on Acquisition
Advisor(s) Kirkland & Ellis
DLA Piper (Legal)

Target

Protenus

Baltimore, Maryland, United States
Protenus is a provider of healthcare compliance analytics platform. The Company harnesses the power of AI to provide healthcare organizations with scalable risk-reduction solutions that drive the safest patient outcomes while protecting the reputation of the organizations. Protenus was founded in 2014 and is based in Baltimore, Maryland.

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Buyer(S) 1

Buyer

Bluesight

Alexandria, Virginia, United States
Category Company
Sector Information Technology
DESCRIPTION

Bluesight solves supply chain inefficiencies and reduces risk by using AI and machine learning to surface actionable analytics for every step of the medication lifecycle. Bluesight is based in Alexandria, Virginia.

DEAL STATS #
Overall 3 of 3
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
State: Maryland M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-17 Sectyr

Scottsdale, Arizona, United States

Sectyr is an innovative software company dedicated to addressing healthcare compliance obstacles through specialized software solutions. Sectyr is based in Scottsdale, Arizona.

Buy -

Seller(S) 1

SELLER

Eight Roads

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1969
PE ASSETS 11.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Eight Roads is a private investment firm focused on a variety of investment opportunities across the US, Europe, and Asia. The Firm is divided into several investment strategies including venture, principal investing, and real estate. Within the principal investments group, Eight Roads backs established growth businesses with long-term capital. Eight Roads does not have any sector preferences, but has experience in fintech, business services, and healthcare. Eight Roads is based in London.

DEAL STATS #
Overall 116 of 124
Sector: Software M&A 12 of 15
Type: Add-on Acquisition M&A Deals 53 of 59
State: Maryland M&A 3 of 3
Country: United States M&A 64 of 67
Year: 2025 M&A 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-27 Pony.ai

Fremont, California, United States

Pony.ai is a technology company committed to revolutionizing transportation worldwide. The company engages in developing safe and reliable technology for autonomous vehicles. Pony.ai was founded in 2016 and is based in Fremont, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-17 Mineloader Software

Shanghai, China

Mineloader Software is a game developer and provider of art and animation to the gaming industry. Mineloader Software is based in Shanghai, China.

Sell $27M
Mergr

Solution for

Product

Company

Legal