M&A Deal Summary

Euna Solutions Acquires Ion Wave Technologies

On January 19, 2023, Euna Solutions acquired internet software and services company Ion Wave Technologies

Acquisition Highlights
  • This is Euna Solutions’ 4th transaction in the Internet Software and Services sector.
  • This is Euna Solutions’ 6th transaction in the United States.
  • This is Euna Solutions’ 1st transaction in Missouri.

M&A Deal Summary
Date 2023-01-19
Target Ion Wave Technologies
Sector Internet Software and Services
Buyer(s) Euna Solutions
Deal Type Add-on Acquisition
Advisor(s) Software Equity Group (Financial)

Target

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.

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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 8 of 9
Sector (Internet Software and Services) 4 of 5
Type (Add-on Acquisition) 8 of 9
State (Missouri) 1 of 1
Country (United States) 6 of 7
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-06 DemandStar

Seattle, Washington, United States

DemandStar is an online marketplace concept for bidding on government contracts and now serve as the gateway for public sector partnerships between government agencies and suppliers both locally and nationally throughout the United States. DemandStar was founded in 1998 and is based in Seattle, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-08 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.

Buy -
Mergr

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Company

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