M&A Deal Summary

Springbrook Software Acquires BIAS Software

On January 16, 2020, Springbrook Software acquired software company BIAS Software

Acquisition Highlights
  • This is Springbrook Software’s 3rd transaction in the Software sector.
  • This is Springbrook Software’s 3rd transaction in the United States.
  • This is Springbrook Software’s 1st transaction in Oregon.

M&A Deal Summary
Date 2020-01-16
Target BIAS Software
Sector Software
Buyer(s) Springbrook Software
Deal Type Add-on Acquisition

Target

BIAS Software

Portland, Oregon, United States
BIAS Software is a provider of cloud-based accounting software for local public agencies. BIAS Software has been committed to providing powerful financial accounting solutions designed specifically to help local government entities increase efficiency, reduce errors and make informed financial decisions. BIAS Software was founded in 1991 and is based in Portland, Oregon.

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Buyer(S) 1

Buyer

Springbrook Software

Portland, Oregon, United States
Category Company
Founded 1985
Sector Software
DESCRIPTION

Springbrook Software is a provider of cloud-based finance, utility billing, and payroll software solutions for small and medium size municipalities and utility districts. Springbrook Software was established in 1985 and is based in Portland, Oregon.

DEAL STATS #
Overall 3 of 6
Sector (Software) 3 of 5
Type (Add-on Acquisition) 3 of 5
State (Oregon) 1 of 1
Country (United States) 3 of 4
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-25 Merchant Transact

Corona Del Mar, California, United States

Merchant Transact LLC is a provider of merchant services for credit card and electronic check processing. Merchant Transact provides payment processing software solutions. The company was founded in 2007 and is based in Corona Del Mar, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-04 MAGIQ Software

Melbourne, Australia

MAGIQ Software provides a market-leading Public Sector Cloud Platform to more than 550 customers. MAGIQ Software delivers appropriate software for each customer’s business size, capabilities, and available resources, allowing customers to accelerate their business efficiency with an intuitive, powerful suite of Cloud solutions. MAGIQ Software was founded in 1980 and is based in Melbourne, Australia.

Buy -
Mergr

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