M&A Deal Summary

Raptor Technologies Acquires SmartPass

On December 10, 2024, Raptor Technologies acquired internet software and services company SmartPass

Acquisition Highlights
  • This is Raptor Technologies’ 4th transaction in the Internet Software and Services sector.
  • This is Raptor Technologies’ 6th transaction in the United States.
  • This is Raptor Technologies’ 1st transaction in New York.

M&A Deal Summary

Date 2024-12-10
Target SmartPass
Sector Internet Software and Services
Buyer(s) Raptor Technologies
Deal Type Add-on Acquisition
Advisor(s) IKONA Partners (Financial)

Target

SmartPass

New York, New York, United States
SmartPass is a digital hall pass + student accountability solution that replaces traditional hall passes to foster better student outcomes. SmartPass was founded in 2019 and is based in New York, New York.

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Buyer(S) 1

Buyer

Raptor Technologies

Houston, Texas, United States

Category Company
Founded 2002
Sector Software
DESCRIPTION

Raptor Technologies is a provider of integrated school safety technologies for K-12 schools across the United States. Raptor developed the first Web-based visitor management system designed for schools. The Raptor system monitors visitors, contractors, and volunteers who enter a building and provides instant screening for sex offender status and custody orders. The system has flagged more than 50,000 registered sex offenders attempting to enter K-12 schools. In the fall of 2017, the company unveiled Raptor Emergency Management, a system that helps schools prepare for, respond to, and recover from an incident with drill management, active incident management, and parent-student reunification tools. It also provides real-time reporting dashboards allowing administrators to track the status and location of every individual in a building in the event of an emergency. Raptor Technologies was founded in 2002 and is based in Houston, Texas.


DEAL STATS #
Overall 7 of 7
Sector (Internet Software and Services) 4 of 4
Type (Add-on Acquisition) 5 of 5
State (New York) 1 of 1
Country (United States) 6 of 6
Year (2024) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-01 PAYK12

Indianapolis, Indiana, United States

PAYK12 is a cloud-based software platform that reduces risk and improves efficiency in school payments, through broad integration and comprehensive reporting. PAYK12 was founded in 2004 and is based in Indianapolis, Indiana.

Buy -