M&A Deal Summary

Euna Solutions Acquires EqualLevel

On February 8, 2024, Euna Solutions acquired internet software and services company EqualLevel

Acquisition Highlights
  • This is Euna Solutions’ 5th transaction in the Internet Software and Services sector.
  • This is Euna Solutions’ 7th transaction in the United States.
  • This is Euna Solutions’ 1st transaction in Maryland.

M&A Deal Summary
Date 2024-02-08
Target EqualLevel
Sector Internet Software and Services
Buyer(s) Euna Solutions
Deal Type Add-on Acquisition
Advisor(s) Leonis Partners (Financial)

Target

EqualLevel

Rockville, Maryland, United States
EqualLevel is a provider of cloud-based, procure-to-pay management. The platform helps public sector organizations achieve financial success by optimizing spend and reducing costs, all while ensuring legal and contract compliance. EqualLevel’s platform includes an AI-powered savings and compliance advisor, invoice automation, real-time-search, supplemental funds management and a cooperative supplier network. EqualLevel was founded in 2010 and is based in Rockville, Maryland.

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Buyer(S) 1

Buyer

Euna Solutions

Chicago, Illinois, United States
Category Company
Founded 2016
Sector Information Technology
Employees348
Revenue 48M USD (2020)
DESCRIPTION

Euna Solutions is an intuitive cloud-based suite of solutions for state and local governments spanning functions in procurement, payments, grant management, budgeting, and permitting. GTY combines six leading GovTech firms under a single umbrella CityBase, eCivis, Questica, Sherpa, OpenCounter, and Bonfire. These companies will operate as independent business units under GTY. Euna Solutions was founded in 2016 and is based in Chicago, Illinois.

DEAL STATS #
Overall 9 of 9
Sector (Internet Software and Services) 5 of 5
Type (Add-on Acquisition) 9 of 9
State (Maryland) 1 of 1
Country (United States) 7 of 7
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-19 Ion Wave Technologies

Springfield, Missouri, United States

Ion Wave Technologies offers digital SaaS solutions for the public sector, including procurement automation and management of special education programs. The company's eProcurement solution was designed to be extremely powerful for buyers while maintaining the simplicity that suppliers need, leading to rapid supplier adoption and robust insights that help procurement professionals make the best sourcing decisions. Its Special Education management solution, SpedTrack, is a fully-featured solution designed specifically to help educators simplify special education. Ion Wave Technologies is based in Springfield, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-22 OpenCounter

San Francisco, California, United States

OpenCounter whose software guides applicants through complex permitting and licensing procedures. OpenCounter is based in San Francisco, California.

Sell -
Mergr

Product

Company

Legal