Software as a Service (SaaS) is one of the fastest-growing/expanding segments in the IT industry. Software as service models is becoming the most popular option for many businesses, thanks to their flexibility and affordability. SaaS companies provide a lot of value to their customers by hosting applications on their servers that can be accessed over the internet. These are also called cloud-based services.
One of the main advantages of SaaS companies to their clients is that they provide easy access to their apps just by paying a subscription. You only need your browser or smartphone in order to enjoy the benefits without any startup costs.
The popularity of SaaS companies has grown over the past few years – they provide access to apps in return for a subscription. The outlook for SaaS is arguably the most promising right now. We all know the general growth of the SaaS industry will remain consistent in these years, and many companies are adopting Saas solutions for a variety of business functions. As a result, the world got to see some of the biggest acquisitions happening in the SaaS industry. Here is an overview of the SaaS acquisitions of 2021.
#1 Imvision Acquired by Intuit – December 21, 2021
Sharon Mantin, Yossi Barshishat and Eli Plotnik, founded Imvision in 2014. Based on network traffic, Imvision platform auto-discovers APIs and classify them using machine learning, identify data exposure, and detect anomalous user and data activity. The details of the deal were not disclosed, but as per the media report-Intuit have paid $50 million.
#2 Bornevia Acquired by Siliken – December 7, 2021
Siliken – a leading solar installation software information company has acquired Bornevia to provide optimized SaaS solutions for solar installation businesses.
#3 Panoply Acquired by SQream Technologies – December 14, 2021
Panoply has been acquired by SQream – a hybrid analytics platform that gives you the critical insights you need when you need them – for any size data. This acquisition is part of SQream’s vision to provide the fastest analytics platform at any scale of data on any platform: On Cloud, On Prem, On the Edge for multi-size enterprises.
Source: Panoply
#4 Pileus Acquired by Anodot – November 9, 2021
On November 9, 2021, Anodot, the business monitoring company, has acquired Pileus, a cloud cost management platform for an undisclosed amount. Anodot’s acquisition of Pileus, according to Alexander Assim, Partner, Alicorn, is a strong move to support Anodot’s expansion into cloud cost management and also the realization of its vision as a leader in comprehensive autonomous business monitoring and prediction.
Source: Anodot
Also read: EdTech Startup Acquisition In The Past Year
#5 Dockabl Acquired by xto10x Technologies – June 2, 2021
xto10x Technologies, a Bengaluru, India and Singapore-based company have acquired Dockabl, India-SaaS powered HR-tech startup. xto10x product suite strengthens with this acquisition. Organizations can align company objectives on one single platform, link them to employees’ performance, and manage feedback reviews.
Source: Startuparound
#6 K2V2 Acquired by Majesco – July 25, 2021
IT consulting and services firm Majesco has acquired 51 per cent stake in Pune-based software technology firm K2V2 in a Rs 40-crore deal. The Board of Majesco has approved this acquisition as an inorganic step in its objective of building a Proptech Ecosystem.
Source: Business Standard
#7 Zwayam Acquired by Info Edge – June 14, 2021
Info Edge acquired Zwayam Digital, a recruiting management platform, for Rs 61 crore. Info Edge can expand its online recruitment solutions market offerings with this acquisition. Zwayam was founded in 2015, by Joseph John, Nicel KM, Divya T and Shreyas Tonse. The software-as-a-service (SaaS) platform of Zwayam helps enterprises automate the recruitment workflow.
Source: Techcircle
#8 Base.vn Acquired by FPT Corporation – May 4, 2021
Software-as-a-service (SaaS) startup Base.vn was acquired by FPT Corporation, the largest technology and IT services group in Vietnam. The deal amount is undisclosed. Base.vn helps enterprises in operation activities such as hiring, payroll, team collaboration, task and approval management, and streamlining management. Pham Kim, an alumnus of Stanford University, established Base.vn in 2016.
Source: Techinasia
Conclusion
SaaS now dominates the cloud computing market. This industry will be valued at $143.7 billion in 2022, which represents a significant growth rate and will have a major influence on SaaS trends in the next few years.
