M&A Deal Summary

bswift Acquires Evive

On November 15, 2024, bswift acquired information technology company Evive from Susquehanna Growth Equity

Acquisition Highlights
  • This is bswift’s 2nd transaction in the Information Technology sector.
  • This is bswift’s 2nd transaction in the United States.
  • This is bswift’s 1st transaction in Illinois.

M&A Deal Summary

Date 2024-11-15
Target Evive
Sector Information Technology
Buyer(s) bswift
Sellers(s) Susquehanna Growth Equity
Deal Type Add-on Acquisition

Target

Evive

Chicago, Illinois, United States
Evive is a provider of enterprise benefits engagement. Evive changes how people use benefits. Integrating richly layered data sets that represent the whole person, Evive activates principles of predictive analytics and behavioral economics to inspire awareness, motivate intelligent decision-making, and obtain demonstrable outcomes. Evive was founded in 2007 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

bswift

Chicago, Illinois, United States

Category Company
Founded 2000
Sector Internet Software and Services
Employees380
DESCRIPTION

bswift offers software and services that streamline benefits, HR and payroll administration for employers and public and private exchanges nationwide. bswift’s state-of-the-art cloud-based technology and outsourcing solutions significantly reduce administrative costs and time-consuming paperwork, making life easier for administrators and millions of consumers who enroll in benefits with bswift. bswift was founded in 2000 and is based in Chicago, Illinois.


DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Illinois) 1 of 1
Country (United States) 2 of 2
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-15 Davis

Montvale, New Jersey, United States

Davis is focused on internal communication and employee engagement. Davis was founded in 1984 and is based in Montvale, New Jersey.

Buy -

Seller(S) 1

SELLER

Susquehanna Growth Equity

Bala Cynwyd, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2006
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Susquehanna Growth Equity (SGE) is the private equity arm of The Susquehanna International Group of Companies. SGE focuses on companies that help streamline payments and related transactions. This includes SaaS, payments and transaction processing, capital markets technology, and internet/information services. SGE looks to commit $10 to $200 million in companies with at least $5 million of revenue. The Firm will consider both control and minority positions and targets opportunities across North America, Europe, and Israel. SGE was established in 2006 and is headquartered in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 33 of 33
Sector (Information Technology) 8 of 8
Type (Add-on Acquisition) 21 of 21
State (Illinois) 3 of 3
Country (United States) 28 of 28
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-26 Realync

Carmel, Indiana, United States

Realync is a video leasing & resident engagement solution for the multifamily housing industry. The company helps thousands of apartment communities market, lease, and manage their properties more efficiently. Realync’s cloud-based platform enables leasing professionals to both livestream and pre-record video tours, as well as distribute videos to prospects and tenants, using nothing more than their mobile devices. Realync was founded in 2013 and is based in Carmel, Indiana.

Sell -