Today’s M&A deals include announcements on Vertiv, PurgeRite, Ooma, FluentStream, Lolli, Slice, among others.
Vertiv Acquires PurgeRite
Vertiv Holdings has acquired PurgeRite, a data center mechanical flushing, purging, and filtration service provider, from Milton Street Capital for $1 billion. The acquisition expands Vertiv’s service capabilities in critical data center infrastructure management, targeting improved cooling efficiency and equipment longevity. PurgeRite’s proprietary filtration and contamination-control technologies align with Vertiv’s mission to optimize thermal management systems for hyperscale and enterprise data centers. This strategic move enhances Vertiv’s end-to-end maintenance and operational solutions, driving innovation in data center performance, sustainability, and reliability, while reinforcing its position as a global leader in digital infrastructure services.
Ooma Acquires FluentStream
Ooma Inc. has acquired FluentStream for $45 million to strengthen its presence in the cloud-based unified communications market. The deal brings 5,000 customers and 80,000 users, expanding Ooma’s reach from microbusinesses to upper-SMB clients. FluentStream’s managed service provider (MSP) network fills a key gap in Ooma’s partner ecosystem, allowing a more scalable, partner-led go-to-market strategy. This acquisition enables Ooma to accelerate B2B growth, enhance support for complex SMB deployments, and deepen innovation in cloud telephony infrastructure. Strategically, it positions Ooma to compete more effectively in the UCaaS sector, combining technological scale with new distribution channels.
Thesis’ Lolli Acquires Slice
Thesis, the parent company of Lolli, has acquired Slice, a developer of ad browsing monetization extensions. The acquisition enhances Lolli’s web extension technology, integrating AI-driven consumer engagement tools to optimize shopping rewards and advertising personalization. This move aligns with Lolli’s strategy to expand its adtech ecosystem, merging data analytics with user-centric monetization innovation. Slice’s technology enables smarter tracking of user intent and purchase behavior, strengthening Lolli’s competitive position in browser-based commerce. The deal underscores Thesis’ vision to advance digital loyalty platforms through AI and automation, driving new growth in the performance marketing and rewards technology space.
HgCapital’s Lucanet Buys Firesys
HgCapital-backed Lucanet has acquired Firesys, a software company specializing in financial and ESG reporting solutions. The acquisition aligns with Lucanet’s strategy to expand its corporate performance management (CPM) capabilities by integrating automated ESG compliance tools with existing financial reporting software. Firesys’ platform brings AI-driven reporting and regulatory data automation, enhancing transparency and sustainability insights for enterprises. This strategic deal strengthens Lucanet’s presence in the European financial software market and supports its goal to deliver end-to-end digital finance transformation. By combining financial and ESG analytics, Lucanet reinforces its technological edge in data accuracy, compliance, and reporting innovation.
Thasniya VP
