M&A Deal Summary

RLDatix Acquires Allocate Software

On June 28, 2021, RLDatix acquired software company Allocate Software from Vista Equity Partners

Acquisition Highlights
  • This is RLDatix’s 4th transaction in the Software sector.
  • This is RLDatix’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2021-06-28
Target Allocate Software
Sector Software
Buyer(s) RLDatix
Sellers(s) Vista Equity Partners
Deal Type Add-on Acquisition

Target

Allocate Software

Richmond, United Kingdom
Allocate Software is a provider of specialist workforce optimisation, organisational flow improvement, governance, risk & compliance software focused on helping our customers manage large, multi-skilled workforces in complex, fast changing environments. Allocate Software was established in 1991 and is based in Richmond, United Kingdom.

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Buyer(S) 1

Buyer

RLDatix

Chicago, Illinois, United States

Category Company
Founded 1986
Sector Internet Software and Services
DESCRIPTION

RLDatix is a specialty healthcare governance, risk, compliance (GRC), and workforce management software provider. RLDatix’s suite of cloud-based software solutions enable customers to address daily GRC functions through its interconnected modular solutions, including incident and regulatory management, risk and compliance management, contract management, workforce management and vendor credentialing. RLDatix was founded in 1986 and is based in Chicago, Illinois.


DEAL STATS #
Overall 8 of 15
Sector: Software M&A 4 of 7
Type: Add-on Acquisition M&A Deals 6 of 13
Country: United Kingdom M&A 1 of 4
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-09 Ecteon

Brentwood, Tennessee, United States

Ecteon is a provider of contract management solutions for healthcare, insurance, life sciences and other industries. Ecteon's premier enterprise content management system, Contraxx, helps companies manage especially complex or rapidly evolving contracting requirements, often in highly regulated environments. Ecteon was founded in 1986 and is based in Brentwood, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-09 365 Response

Wakefield, United Kingdom

365 Response is a SaaS-based provider of technology solutions that support mission-critical transport services across the NHS, Local Authorities, and private transport providers. 365 Response supplies digital platform solutions including patient & community transport, social prescribing, e-procurement, and digital marketplaces to numerous NHS organizations in Wales and England and across local councils. 365 Response was founded in 2012 and is based in Wakefield, United Kingdom.

Buy -

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 57 of 72
Sector: Software M&A 22 of 28
Type: Add-on Acquisition M&A Deals 28 of 36
Country: United Kingdom M&A 1 of 1
Year: 2021 M&A 11 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-23 Cvent

Tysons, Virginia, United States

Cvent is a meeting, events, and hospitality technology provider that delivers a comprehensive event marketing and management platform and offers a global marketplace where event professionals collaborate with venues to create engaging impactful experiences. The Company's suite of products automates and simplifies the event management lifecycle and maximizes the impact of in-person, virtual, and hybrid events. Hotels and venues use Cvent’s supplier and venue solutions to win more group and corporate travel business through Cvent’s sourcing platforms. Its solutions optimize the event management value chain and have enabled clients around the world to manage millions of meetings and events. Cvent was formed in 1999 and is based in Tysons, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-30 IAS

New York, New York, United States

IAS is a technology company specializing in measuring media quality to verify and optimize the placement of digital advertisements. IAS's capabilities include fraud detection, viewability assessment, brand safety assurance, and optimization services. IAS was founded in 2009 and is based in New York, New York.

Sell -