M&A Deal Summary

Euna Solutions Acquires AmpliFund

On March 11, 2025, Euna Solutions acquired software company AmpliFund from First Analysis

Acquisition Highlights
  • This is Euna Solutions’ 5th transaction in the Software sector.
  • This is Euna Solutions’ 8th transaction in the United States.
  • This is Euna Solutions’ 1st transaction in Ohio.

M&A Deal Summary

Date 2025-03-11
Target AmpliFund
Sector Software
Buyer(s) Euna Solutions
Sellers(s) First Analysis
Deal Type Add-on Acquisition
Advisor(s) Lightning Partners (Financial)
Thompson Hine (Legal)

Target

AmpliFund

Cleveland, Ohio, United States
AmpliFund designs, develops, and markets major edge process management tools for nonprofit and public sector institutions. AmpliFund captures grant information as data and automates hundreds of complex activities throughout the grant lifecycle. AmpliFund board management portal, BoardMax, helps organizations engage and communicate with board members. Both products are high-value, affordable software solutions, designed to help nonprofit and public sector entities maintain compliance, generate revenue, and build capacity. AmpliFund is based in Cleveland, Ohio.

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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 10 of 10
Sector (Software) 5 of 5
Type (Add-on Acquisition) 10 of 10
State (Ohio) 1 of 1
Country (United States) 8 of 8
Year (2025) 1 of 1
PREVIOUS 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 -

Seller(S) 1

SELLER

First Analysis

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1981
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

First Analysis is a financial advisory and investment firm. First Analysis' private equity arm targets investments in growth companies at all stages of development. The Group looks for opportunities based primarily in the US and can commit up to $10 million of equity per transaction. Sectors of particular interest include outsourced services, (business/government services, education, environmental services, healthcare services, marketing services); information technology, (business integration, call centers, healthcare IT, network security, open source, sensor systems, transaction processing); and chemistry enabled businesses (advanced materials, chemicals, healthcare products, polymers, purification). First Analysis was formed in 1981 and is based in Chicago, Illinois.


DEAL STATS #
Overall 72 of 72
Sector (Software) 12 of 12
Type (Add-on Acquisition) 52 of 52
State (Ohio) 5 of 5
Country (United States) 71 of 71
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-28 Fleetworthy Solutions

Madison, Wisconsin, United States

Fleetworthy Solutions is a provider of outsourced compliance services to owners and operators of truck fleets that take them Beyond Compliant. Fleetworthy combines exceptional client service, advanced technologies and more than 30 years of transportation industry expertise to make sure that drivers and assets are fleet worthy. The company helps private fleets, for-hire carriers, and third-party logistics companies of all sizes surpass compliance of federal, state, and local regulations and streamline processes to reduce costs and mitigate risks. Fleetworthy Solutions was established in 1983 and is based in Madison, Wisconsin.

Sell -