Investment Summary

Haven Capital Partners and Siguler Guff & Company Exits Cognitus

On October 15, 2025, IBM invested in information technology company Cognitus from Haven Capital Partners and Siguler Guff & Company

Investment Highlights
  • This is IBM’s 47th transaction in the Information Technology sector.
  • This is IBM’s 146th transaction in the United States.
  • This is IBM’s 10th transaction in Texas.

Investment Summary

Date 2025-10-15
Target Cognitus
Sector Information Technology
Investor(s) IBM
Sellers(s) Haven Capital Partners
Siguler Guff & Company
Deal Type Add-on Acquisition

Target

Cognitus

Dallas, Texas, United States
Cognitus specializes in delivering SAP-certified cloud and AI-based software solutions tailored for various industries including aerospace and defense, professional services, manufacturing, wholesale distribution, automotive, and consumer products. Cognitus is a preferred SAP implementation partner and has helped several mid to large customers in seamless digital transformation. Cognitus was founded in 2002 and is based in Dallas, Texas.

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Investor(S) 1

Investor

IBM

Armonk, New York, United States

Category Company
Founded 1911
Sector Information Technology
Employees270,300
Revenue 62.8B USD (2024)
DESCRIPTION
Entrance to IBM's corporate headquarters in Armonk, New York.
Entrance to IBM's corporate headquarters in Armonk, New York.

IBM is a global provider of information technology products and services. IBM's products and services include IT infrastructure and business process services, cloud computing, business analytics, and enterprise software. IBM was formed in 1911 and is based in Armonk, New York.


DEAL STATS #
Overall 202 of 203
Sector: Information Technology M&A 47 of 47
Type: Add-on Acquisition M&A Deals 179 of 180
State: Texas M&A 10 of 10
Country: United States M&A 146 of 146
Year: 2025 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-01 DemandTec

Boston, Massachusetts, United States

DemandTec is an AI-powered retail merchandising technology company that helps retailers and suppliers optimize pricing, promotions, markdowns, and trade fund management while enabling high-fidelity collaboration across the retail–CPG ecosystem. DemandTec was formed in 2000 and is based in Boston, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-28 Txture

Innsbruck, Austria

Txture provides a cloud transformation and optimization platform that helps organizations plan and manage IT modernization initiatives. The Company’s SaaS platform delivers tools for application portfolio management, cloud migration assessment, cost optimization, and sustainability tracking across hybrid and multi-cloud environments. Txture was founded in 2017 and is headquartered in Innsbruck, Austria.

Buy -

Seller(S) 2

DESCRIPTION

Haven Capital Partners is a private investment firm focused on acquiring and investing in technology services, education, and healthcare service companies. The Firm looks to invest $10 to $40 million in profitable businesses with $3 to $15 million of EBITDA. Prospective transaction situations include buyouts, growth capital financings, and recapitalizations. Haven Capital Partners is based in New York, New York.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-03 Human Capital Education

Denver, Colorado, United States

Human Capital Education is a higher education services firm that helps colleges and universities grow and support online and on-campus programs through data-driven strategy, enrollment services, and student success solutions. Human Capital Education was founded in 1991and is based in Denver, Colorado.

Buy -
SELLER

Siguler Guff & Company

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1991
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Siguler Guff & Company is a multi-strategy investment manager that provides institutional clients with access to a variety of investment programs including distressed, real estate, small business, emerging markets, and other strategies. Siguler's small business group looks to acquire or investment in US-based, lower middle-market companies in a variety of industries with $5 to $25 million of EBITDA. Siguler Guff & Company was established in 1991 as a unit of Pain Webber and became independent in 1995. The Firm is based in New York City.


DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Texas M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-28 Precision

Lancaster, Ohio, United States

Precision provides repair, replacement, and maintenance services for utility customers across the gas, electrical, telecommunications, and water end markets. The company offers horizontal directional drilling, excavation, hydrovac operations, utility locating and verification, video camera line inspection, GPS mapping, and other underground solutions. It has a core focus on (i) replacement of leak-prone natural gas distribution pipelines and (ii) installation of telecommunications infrastructure to protect and secure the electrical grid. Precision is based in Lancaster, Ohio.

Sell -