PE
JMI Equity acquisitions
JMI Equity is a private equity firm that invests in software based in Baltimore, MD. We track 6 of its acquisitions; the most recent was First Due in Aug 2026. It buys most often in government and public sector, cybersecurity, accounting, finance and erp.
jmi.com ↗Acquisitions tracked
6
Most recent deal
Aug 2026
Deal size
$20M to $500M per company
Based in
Baltimore, MD
What JMI Equity buys
Growth equity investments of $20M–$500M per company in high-recurring-revenue software and AI-driven companies.
- Government and public sector · 1
- Cybersecurity · 1
- Accounting, finance and ERP · 1
- Insurance · 1
- Nonprofits and membership · 1
Buys in: North America, Europe
Buying activity
- 12021
- 02022
- 02023
- 02024
- 02025
- 12026
2 dated deals on record since 2021, most recently Aug 2026. We list the deals we can source, so earlier years may be incomplete.
How to sell to JMI Equity
Included with full access, for every acquirer in the database.
- How to reach their deal team
- Deal structure: cash, earnouts, rollover
Get full accessOne payment, lifetime access.
All JMI Equity acquisitions
2026 · 1
| Company | Date | Category | Price | Source |
|---|---|---|---|---|
| First Due Minority stake · Pending | Aug 19, 2026 | Government and public sector | — | jmi.com |
2021 · 1
| Company | Date | Category | Price | Source |
|---|---|---|---|---|
| Huntress Minority stake · Pending | May 6, 2021 | Cybersecurity | — | jmi.com |
Date not disclosed · 4
| Company | Date | Category | Price | Source |
|---|---|---|---|---|
| Adaptive Insights | — | Accounting, finance and ERP | — | jmi.com |
| Applied Systems | — | Insurance | $1.8B | privateequityinternational.com |
| Benevity | — | Nonprofits and membership | — | jmi.com |
| Kronos | — | HR, payroll and recruiting | — | jmi.com |
Companies JMI Equity sold
- Raptor TechnologiesNov 28, 2025 · mergr.com
- ACI Worldwide— · mergr.com
- Axonify— · crunchbase.com
- Code42— · cbinsights.com
- Lytics— · cbinsights.com
- Lytx— · crunchbase.com
- ServiceNow— · crunchbase.com
- Yello— · pitchbook.com
Capital raised
- JMI Equity Fund XII (twelfth flagship fund) · Fund close$3.1B · Aug 11, 2025
- JMI Equity Fund XI (eleventh growth equity fund) · Fund close$2.4B · Mar 20, 2023