software-acquisitions
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The Acquisition Hangover in Your Contact Center
CCaaS acquisitions buy breadth fast. They can also leave seams in data, workflows and support—making a platform’s family tree a surprisingly useful buying guide.
Threecolts bought the tools. Then it changed the bill.
After assembling a portfolio of ecommerce software, Threecolts found that ownership alone did not make customers use more of it. A $69 bundle became its answer to the seller’s mounting software bill.
Jeong Kim Built a PDF Company in a Sushi Shop. Then He Bought His Old Employer.
He left Artifex to turn printing technology into paperless software. Eighteen years later, he returned as the buyer - and now wants PyMuPDF to become a gateway between the world's documents and its AI models.
The Conversation Intelligence Buyout Map
Conversation intelligence did not disappear; it moved inside bigger platforms. This field guide tracks who bought whom, what survived, and why Spiral by UJET is a rare acquired product still standing on its own.
Cordance Is Collecting the Software Nobody Notices - Until It Stops Working
The Raleigh software group is assembling a portfolio of niche B2B tools for warehouses, campuses, laboratories and thrift stores - then betting that patient ownership and shared operating muscle can make small specialists stronger.
The Firm That Buys Broken Software and Runs It on an AI Playbook
EVA Equity Partners treats software turnarounds like a manufacturing line - a five-phase method, a two-week diligence cycle, and an AI platform trained on two decades of operating enterprise software. Here is how the Austin firm is trying to make growth repeatable.
The Company That Buys Software It Never Plans to Sell
A permanent home for ERP software companies. While private equity flips manufacturing software every four and a half years, Mirador buys the businesses its customers keep for a decade - and keeps them too.
ASG
ASG has spent a decade buying the quiet software that keeps niche industries moving. Now, after more than 65 acquisitions, it is trying to turn a vertical-SaaS roll-up into an AI-native operating system.
Enghouse Turns Unloved Software Into a Cash Machine
While NICE, Talkdesk, Amazon and Microsoft spend to win the AI contact-center race, Enghouse Systems keeps buying mature software companies and holding roughly 69% recurring revenue at 27% margins. The Markham compounder is boring on purpose.
Steve Reardon
Steve Reardon is the CEO of Alpine Software Group (ASG), a Walnut Creek, California-based acquirer and operator of vertical SaaS businesses. Born in Durban, South Africa, he is an alumnus of the University of Cape Town and Stanford GSB's MSx Sloan Fellows program. Before leading ASG, Reardon founded multiple businesses including Peldon Technologies, ran South Africa's largest cycling retail chain, then pivoted to software M&A — overseeing 60+ acquisitions across legal tech, marketing tech, and other vertical software niches. Under his leadership, ASG has grown to ~160 employees and ~$25M in annual revenue, with a 65%+ growth rate and notable exits including Innovative Systems sold to GTCR for $400M enterprise value in 2025.