Investment Summary

Updata Partners Invests In Acuity Insights

On August 18, 2021, growth capital firm Updata Partners invested in software company Acuity Insights

Investment Highlights
  • This is Updata Partners’ 29th transaction in the Software sector.
  • This is Updata Partners’ 2nd transaction in Canada.
  • This is Updata Partners’ 2nd transaction in Ontario.

Investment Summary

Date 2021-08-18
Target Acuity Insights
Sector Software
Investor(s) Updata Partners
Deal Type Growth Capital

Target

Acuity Insights

Toronto, Ontario, Canada
Acuity Insights provides an applicant evaluation and student tracking platform that assesses non-cognitive competencies and provides visibility into student performance enabling superior candidate selection and ongoing student support. Acuity Insights was founded in 2014 and is based in Toronto, Ontario.

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Investor(S) 1

Investor

Updata Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1998
PE ASSETS 1.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Updata Partners is the investment affiliate of Updata Advisors, an East Coast US based investment bank. Updata Partners looks to invest in growth oriented information technology businesses from early-stage to buyout, with revenues up to $50 million. Updata Partners typically invests between $15 and $150 million as a lead or co-lead investor. Within information technology, Updata has specific interest in; infrastructure software, physical and digital security, storage software, educational software, internet and interactive technology, media and wireless infrastructure and services, financial technology software, retail technology, business intelligence, subscription-based and on-demand information services, and business services. Updata Partners was formed in 1998 and is based in Washington DC.


DEAL STATS #
Overall 60 of 68
Sector: Software M&A 29 of 33
Type: Growth Capital M&A Deals 13 of 16
State: Ontario M&A 2 of 3
Country: Canada M&A 2 of 3
Year: 2021 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-10 Glassbox

Petah Tikva, Israel

Glassbox is an analytics platform used to optimize user experiences on web and mobile applications. Glassbox informs and facilitates action based on those insights that can lead to enhanced customer experience, faster customer disputes resolution, improved regulatory compliance, and agile IT troubleshooting. Glassbox was established in 2010 and is based in Petah Tikva, Israel.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-08 LandTech

London, United Kingdom

LandTech helps residential and commercial developers source off-market sites and evaluate return potential for new projects by consolidating disparate data sources into an easy-to-use software. LandTech is based in London, United Kingdom.

Buy -