M&A Deal Summary

Ignite Technologies Acquires Khoros

On May 27, 2025, Ignite Technologies acquired internet software and services company Khoros from Vista Equity Partners

Acquisition Highlights
  • This is Ignite Technologies’ 3rd transaction in the Internet Software and Services sector.
  • This is Ignite Technologies’ 14th transaction in the United States.
  • This is Ignite Technologies’ 9th transaction in Texas.

M&A Deal Summary

Date 2025-05-27
Target Khoros
Sector Internet Software and Services
Buyer(s) Ignite Technologies
Sellers(s) Vista Equity Partners
Deal Type Add-on Acquisition
Advisor(s) Moelis & Co. (Financial)
Kirkland & Ellis (Legal)

Target

Khoros

Austin, Texas, United States
Khoros provides a centralized, cloud-based platform for social media management and online community solutions, enabling brands to monitor and scale social marketing and social customer service. The Company’s solutions enable its clients to engage with their customers more efficiently and effectively across social networks, websites, and mobile devices. Khoros was formed in 2001 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

Ignite Technologies

Frisco, Texas, United States

Category Company
Founded 2000
Sector Information Technology
DESCRIPTION

Ignite is a provider of secure and scalable Enterprise Content Delivery Solution to efficiently publish, deliver, and manage digital assets-from rich media content for training and communications to software patches and virus updates-to anyone, anywhere, at any time.


DEAL STATS #
Overall 16 of 16
Sector: Internet Software and Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 10 of 10
State: Texas M&A 9 of 9
Country: United States M&A 14 of 14
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-03 Bizness Apps

Austin, Texas, United States

Bizness Apps is an app-building platform that allows small businesses to build mobile solutions that compete with big brands, making it possible for everyone to create an affordable mobile app for their business. Bizness Apps was founded in 2010 and is based in Austin, Texas.

Sell -

Seller(S) 1

SELLER

Vista Equity Partners

Austin, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 100.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.

Vista Equity Partners is a mega-sized asset management firm focused on private equity, public equity, credit, and other strategies. The Firm's private equity group looks to invest in and acquire software and technology enabled services companies. Specific areas of interest include software, software-as-a-service (SaaS), technology-enabled business services, and technology-enabled information services. Vista can commit up to $700 million per transaction and will consider a variety transaction situations, including management/leveraged buyouts, growth or acquisition financings, recapitalizations or restructurings, spinouts, and take privates. Vista Equity Partners was formed in 2000 and is based in Austin, Texas.


DEAL STATS #
Overall 71 of 72
Sector: Internet Software and Services M&A 21 of 21
Type: Add-on Acquisition M&A Deals 36 of 36
State: Texas M&A 15 of 15
Country: United States M&A 67 of 68
Year: 2025 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-24 Smartsheet

Bellevue, Washington, United States

Smartsheet is a cloud‑based work management platform designed to help teams plan, track, automate, and report on work across projects and workflows. The Company offers a no‑code platform that integrates with existing systems and scales from individual teams to enterprise portfolios. Smartsheet was founded in 2005 and is based in Bellevue, Washington.

Buy $8.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-29 Acumatica

Bellevue, Washington, United States

Acumatica is a provider of cloud-based business management software that enables small and mid-size companies to accelerate their businesses. Built on cloud and mobile technology and a unique customer-centric licensing model, Acumatica delivers a suite of fully integrated business management applications such as Financials, Project Accounting, Commerce, Manufacturing, Field Service and CRM, on a robust and flexible platform. Acumatica was founded in 2007 and is based in Bellevue, Washington.

Buy -