M&A Deal Summary

Mitratech Acquires Trakstar

On April 11, 2023, Mitratech acquired software company Trakstar from Reviewsnap

Acquisition Highlights
  • This is Mitratech’s 8th transaction in the Software sector.
  • This is Mitratech’s 17th transaction in the United States.
  • This is Mitratech’s 1st transaction in Washington.

M&A Deal Summary

Date 2023-04-11
Target Trakstar
Sector Software
Buyer(s) Mitratech
Sellers(s) Reviewsnap
Deal Type Divestiture

Target

Trakstar

Seattle, Washington, United States
Trakstar is a performance management company that provides performance appraisal software to help organizations manage feedback, goals and reviews. Trakstar has allowed Christian Health Care Center to transform an antiquated paper-based performance evaluation tool into an efficient and reliable on-line system. Trakstar was formed in 2000 and is based in Seattle, Washington.

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Buyer(S) 1

Buyer

Mitratech

Bee Cave, Texas, United States

Category Company
Founded 1987
Sector Software
DESCRIPTION

Mitratech is a provider of corporate legal process automation and compliance management software to Fortune 1000 companies. Mitratech’s unified platform enables open, flexible enterprise and extra price collaboration in high-liability corporate operations. Mitratech was founded in 1987 and is based in Bee Cave, Texas.


DEAL STATS #
Overall 20 of 23
Sector: Software M&A 8 of 9
Type: Divestiture M&A Deals 1 of 2
State: Washington M&A 1 of 1
Country: United States M&A 17 of 19
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-11 Circa

Milwaukee, Wisconsin, United States

Circa is a provider of regulatory compliance and recruitment solutions. The company provides federal contractors with a fully outsourced solution to comply with several regulations of the Office of Federal Contract Compliance Programs (OFCCP) and also maintains a network of over 600 locally-focused online employment websites. Circa was formed in 1994 and is headquartered in Milwaukee and has additional offices in Minneapolis and Washington, D.C.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-09 Mineral

Portland, Oregon, United States

Mineral is a cloud-based platform for HR solutions company that provides expert HR-related advice and training to employers. Mineral was founded in 2005 and is based in Portland, Oregon.

Buy -

Seller(S) 1

SELLER

Reviewsnap

Johnston, Iowa, United States

Category Company
Founded 1995
Sector Information Technology
DESCRIPTION

Reviewsnap is an all-in-one performance management system that manages your performance reviews, 360 degree feedback, compensation dashboard and learning content integration. Reviewsnap was founded in 1995 and is based in Johnston, Iowa.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Washington M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-25 Mindflash Technologies

Mountain View, California, United States

Mindflash Technologies, Inc. is a provider of learning management software solution. Mindflash Technologies is based in Mountain View, California.

Buy -