Today’s M&A deals include announcements on Solutions by Text, Flexera, Cvent, CapStone, among others.
Solutions by Text Acquires Triple Play Pay
Solutions by Text announced the acquisition of Triple Play Pay supporting its strategy to expand digital payment and customer engagement capabilities. The deal advances the company’s purpose of enabling compliant, real-time payment interactions through mobile and digital channels. Triple Play Pay adds payment-processing software and integration capabilities that enhance transaction automation and customer experience. Deal value was not disclosed. Strategically, the acquisition strengthens Solutions by Text’s technology stack, accelerates product innovation, and expands use cases across billing, collections, and financial communications. The transaction reflects continued consolidation in digital payments as businesses prioritize seamless, secure, and mobile-first payment solutions.
Flexera Acquires ProsperOps and Chaos Genius
Thoma Bravo-backed Flexera acquired ProsperOps and Chaos Genius to expand its FinOps automation and IT cost-optimization capabilities. The purpose of the deals is to provide a unified view of cloud and on-premises IT spending while enhancing cost efficiency. ProsperOps leverages machine learning and real-time analytics to manage commitment-based discounts across AWS, Azure, and Google Cloud, while Chaos Genius uses agent-driven automation to optimize pay-as-you-go platforms like Snowflake and Databricks. Building on prior acquisitions including Spot, CloudCheckr, and Snow Software, the strategy reinforces Flexera’s innovation in agentic AI for scalable cost optimization. Deal terms were undisclosed.
Blackstone’s Cvent Acquires ON24
Blackstone-backed Cvent acquired ON24 for $380 million to expand its digital engagement and virtual events platform. The purpose of the deal is to integrate webinar management capabilities with Cvent’s event management ecosystem, enabling clients to deliver hybrid and virtual experiences at scale. ON24’s platform offers advanced analytics, audience engagement tools, and interactive webinar technologies, enhancing digital reach and event personalization. Strategically, the acquisition strengthens Cvent’s market position in the fast-growing virtual events segment while driving innovation in analytics-driven engagement. The $380 million valuation reflects ON24’s established technology base, recurring revenue, and strategic fit with Cvent’s growth objectives.
THASNIYA VP
