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M&A Deal Summary

Sciforma Acquires KeyedIn Solutions

On March 21, 2023, Sciforma acquired software company KeyedIn Solutions from Arrowroot Capital

Acquisition Highlights
  • This is Sciforma’s 1st transaction in the Software sector.
  • This is Sciforma’s 1st transaction in the United States.
  • This is Sciforma’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2023-03-21
Target KeyedIn Solutions
Sector Software
Buyer(s) Sciforma
Sellers(s) Arrowroot Capital
Deal Type Merger
Advisor(s) AGC Partners (Financial)

Target

KeyedIn Solutions

Bloomington, Minnesota, United States
KeyedIn Solutions helps organizations simplify business processes, improve performance and drive results through an innovative combination of SaaS business solutions, including KeyedIn Manufacturing, configurable cloud ERP software designed exclusively for custom manufacturing; and KeyedIn Projects, a strategy-led project management solution that gives organizations complete visibility into their projects, portfolios, and resources. KeyedIn Solutions is based in Bloomington, Minnesota.

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Buyer(S) 1

Buyer

Sciforma

San Diego, California, United States
Category Company
Founded 1982
Sector Software
DESCRIPTION

Sciforma is a provider of Portfolio & Project Management software, delivering solutions to more than a quarter-million users worldwide. The company offers flexible and easy-to-use multi-platform project management and project portfolio management software solutions. Businesses that have multiple projects from multiple clients (including internal customers) need to be able to prioritize efforts that will bring the best results to the company. Sciforma was founded in 1982 and is based in San Diego, California.

DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 1

SELLER

Arrowroot Capital

Marina Del Rey, California, United States
Category Private Equity Firm
Founded 2014
Size Small
Type Sector Focused
DESCRIPTION

Arrowroot Capital is a private investment group focused on making growth capital investments in software-as-a-service and internet-based companies. The Firm looks to invest $5 to $25 million per transaction to support growth initiatives, liquidity for founders/investors, or acquisitions. Prospective companies are generally are b2b, offering mission-critical services. Arrowroot was formed in 2014 and is based in Marina Del Rey, California.

DEAL STATS #
Overall 7 of 12
Sector: Software M&A 2 of 4
Type: Merger M&A Deals 1 of 2
State: Minnesota M&A 1 of 2
Country: United States M&A 7 of 12
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 FiscalNote

Washington, District of Columbia, United States

FiscalNote is a technology and media company that provides information services and software that connects the world to their governments. As the premier hub of domestic and global government information, FiscalNote’s suite of software solutions offers customers and readers policy data, news, analysis and journalism. For organizations facing government impact, FiscalNote is the platform for professionals to plan and execute their organization’s government risk strategy. FiscalNote was founded in 2013 and is based in Washington DC.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-27 iLearningEngines

Bethesda, Maryland, United States

iLearningEngines is a cloud-based, AI-driven mission-critical training for enterprises. iLearningEngines was founded in 2010 and is based in Bethesda, Maryland.

Buy -
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