M&A Deal Summary

Procare Solutions Acquires Cirrus Group

On August 6, 2018, Procare Solutions acquired internet software and services company Cirrus Group

Acquisition Highlights
  • This is Procare Solutions’ 2nd transaction in the Internet Software and Services sector.
  • This is Procare Solutions’ 3rd transaction in the United States.
  • This is Procare Solutions’ 1st transaction in Michigan.

M&A Deal Summary
Date 2018-08-06
Target Cirrus Group
Sector Internet Software and Services
Buyer(s) Procare Solutions
Deal Type Add-on Acquisition

Target

Cirrus Group

Rochester Hills, Michigan, United States
Cirrus Group LLC is an online Software-as-a-Service (SaaS) provider of dynamic operational, financial and customer management solutions for childcare facilities, school districts and community education centers. Cirrus Group is based in Rochester Hills, Michigan.

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Buyer(S) 1

Buyer

Procare Solutions

Denver, Colorado, United States
Category Company
Founded 1992
Sector Software
DESCRIPTION

Procare Solutions is a provider of child care management software, integrated payment processing, technology and services. The company supports over 30,000 preschools, daycare centers, after-school programs, camps and related facilities with a broad product suite that serves the complex and unique demands of the child care market. With Tuition Express, the company’s integrated payment processing platform, Procare saves schools time and cost, providing seamless bank reconciliations and speedy electronic payment delivery. Procare is the trusted partner to schools and parents across the United States. Procare offers both a desktop solution and cloud hosting, and supports customers of all sizes from single-center operations to complex multinational enterprises. Procare Solutions was founded in 1992 and is based in Denver, Colorado.

DEAL STATS #
Overall 3 of 6
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 2 of 5
State (Michigan) 1 of 1
Country (United States) 3 of 6
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-08 SchoolLeader

Oregon, United States

SchoolLeader is specializes in the design and development of business applications and networks for the child care, consulting and communication industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-15 Kinderlime

Santa Clara, California, United States

Kinderlime, Inc. is an online Software-as-a-Service (SaaS) provider of child care management solutions. Kinderlime, Inc. features a self-serve sign-up and implementation platform suitable for a wide range of child-focused customer segments, from in-home to multi-center organizations. The brand’s core competencies are streamlining operations, regulatory compliance, and fast and easy communication with families, and currently serves over 5,000 customers nationwide.

Buy -
Mergr

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