M&A Deal Summary

Valsoft Acquires Chordline Health

On February 19, 2025, Valsoft acquired software company Chordline Health from HCAP Partners

Acquisition Highlights
  • This is Valsoft’s 26th transaction in the Software sector.
  • This is Valsoft’s 22nd transaction in the United States.
  • This is Valsoft’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2025-02-19
Target Chordline Health
Sector Software
Buyer(s) Valsoft
Sellers(s) HCAP Partners
Deal Type Add-on Acquisition

Target

Chordline Health

Wilmington, North Carolina, United States
Chordline Health is a provider of software and clinical solutions that support and improve medical management operations for health plans, TPAs, ACOs, and other case management organizations. Chordline Health was founded in 1983 and is based in Wilmington, North Carolina.

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Buyer(S) 1

Buyer

Valsoft

Montreal, Quebec, Canada

Category Company
Sector Software
DESCRIPTION

Valsoft is an acquirer of vertical software businesses. Valsoft targets businesses that provide mission-critical solutions in their respective niche or market. Valsoft is based in Saint-Laurent, Quebec.


DEAL STATS #
Overall 37 of 38
Sector (Software) 26 of 26
Type (Add-on Acquisition) 35 of 36
State (North Carolina) 1 of 1
Country (United States) 22 of 23
Year (2025) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-10 Softlinx

Stoneham, Massachusetts, United States

Softlinx is a pioneer in secure, cloud-based fax and messaging solutions. Softlinx's platform provides organizations with reliable, HIPAA-compliant services that integrate with enterprise systems, automate workflows, and enhance operational efficiency. Softlinx was founded in 1993 and is based in Stoneham, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-20 Digital Currency Systems

Northbrook, Illinois, United States

Digital Currency Systems is a provider of cash checking point-of-sale systems for the alternative financial services industry. Digital Currency Systems was founded in 1986 and is based in Northbrook, Illinois.

Buy -

Seller(S) 1

SELLER

HCAP Partners

La Jolla, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2000
PE ASSETS 320M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Huntington Capital is a mezzanine finance firm that provides both debt and equity financing to established, lower middle-market companies throughout California and the Southwest US. The Firm targets growth companies with positive cash flow, diversified customers, defensible market positions, and experienced management. The Firm looks to invest $2 to $15 million in companies generating revenues of $10 to $100 million. Areas of interest include manufacturing, services, healthcare, software, homeland security, retail, and information technology. Prospective transaction situations include buyouts, acquisitions, recapitalizations, and growth capital financings. Huntington Capital was formed in 2000 and is based in San Diego, California.


DEAL STATS #
Overall 33 of 33
Sector (Software) 3 of 3
Type (Add-on Acquisition) 18 of 18
State (North Carolina) 2 of 2
Country (United States) 33 of 33
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-06 Aarista

United States

Aarista is a multidisciplinary healthcare technology company in post-acute care sector, serving a national network that spans across 14 states, impacting over 70,000 patients.

Buy -