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Acquirer profileUnited States
Who is Cordance?
Cordance is a serial acquirer based in the United States.
Firm facts
Cordance
- Type
- serial acquirer
- Headquarters
- Raleigh, United States
- Website
- cordance.co
- Company page
- Subsidiaries
- Cordance Personnel LLC,Permanent Software Group Canada Ltd.,Cloud Dev Ltd.
Industries
Last verified 2026-09-25
How they work
Cordance is a Raleigh-based group that acquires and grows vertical B2B software businesses. Its operating company, Cordance Operations LLC, is backed by Aquiline Capital Partners. The group combines acquisition capital with support for product development, commercial operations and management. Its businesses serve markets including education, industrial distribution, construction and secondhand retail. Cordance describes its approach as a long-term partnership with founders and their teams.
Cordance begins with its published company-selection criteria and an assessment of fit. It says it spends time with owners to agree what success should mean for their business, then tailors its support. After acquisition it provides funding and expertise for teams, systems, processes and growth, with an emphasis on transparency during the transition.
- Capital model
- Acquisition-led software operating group backed by Aquiline Capital Partners, with capital and operating support for long-term growth.
- Sector focus
- Vertically focused B2B SaaS companies with a strong position in a niche customer market and scope for profitable growth.
- Geography
- Primarily North America, according to the group’s 2024 modern-slavery statement. The current company-selection page does not publish a geographic restriction.
- Target ARR
- $2 million–$10 million in annual recurring revenue, with an ambition for more than 20% annual growth.
- Hold period
- Long-term partnership and investment in products, processes and people; no fixed holding period is published.
- Ownership
- Tailored operating and financial support that builds on each company’s existing team, culture and product. Support includes management development, systems, processes and growth execution.
- Founder ownership
- Founder-run businesses with strong leadership, a successful product and a team that wants capital and strategic help to scale.
- Platform or bolt-on
- Software businesses that can operate within the group, plus complementary combinations. Its acquisition of Neatoscan brought that business together with existing holding Upright Labs.
Their portfolio
Showing 25 of 25 known holdings — coverage is still partial.
Company
Sector
What they do
- SectorIndustrials & manufacturingWhat they doAldrich Web Solutions provides ERP-integrated ecommerce software for industrial distributors. Its WebAlliance product connects online catalogues, inventory, customer-specific pricing and account information with systems such as Prophet 21 and TrulinX.
- SectorEducationWhat they doAppsAnywhere provides application-delivery and IT-management software for colleges and universities. It gives students and staff access to academic applications across university-owned and personal devices, while helping institutions manage licensing and infrastructure.
- SectorSoftware & IT servicesWhat they doBlue Link provides inventory-management and accounting ERP software for wholesalers and distributors. Its platform combines orders, warehouses, customer information and reporting, with traceability features for regulated markets such as pharmaceuticals and food and beverage.
- SectorConstruction & infrastructureWhat they doBuildCentrix provides workflow and collaboration software for mechanical, electrical and plumbing construction. Its platform connects design, fabrication, production and installation teams to coordinate projects and materials.
- SectorEducationWhat they doCampus Kaizen develops operations and case-management software for schools and higher-education institutions. Its Guardian platform helps education teams manage cases, workflows and student-related processes.
- SectorIndustrials & manufacturingWhat they doChannel Software develops ecommerce and digital-catalogue software for manufacturers and industrial distributors. Its platform connects online ordering, product information, inventory and customer accounts with enterprise systems.
- DocXellentSectorSoftware & IT servicesWhat they doDocXellent provides document-management and quality-control software. Its ENSUR platform organises business documents, approvals and distribution for regulated workflows, with on-premise and cloud deployment options.
- SectorSoftware & IT servicesWhat they doDQ Technologies develops delivery-tracking, fleet-management and mobile workforce software. Its tools combine GPS tracking, vehicle maintenance and order delivery information for wholesale distribution, building materials, automotive aftermarket and other operations.
- SectorIndustrials & manufacturingWhat they doepaCUBE develops pricing and profit-optimisation software for industrial distributors. Its tools support customer segmentation, pricing, sales analysis, contract management, rebates and claimbacks.
- SectorEducationWhat they doeRezLife provides cloud software for higher-education housing and residence-life operations. Its tools help institutions manage campus communities, housing assignments and administrative processes without relying on manual paperwork.
- SectorConstruction & infrastructureWhat they doFieldConnect provides mobile field-service management software for trades including HVAC, electrical, plumbing and building controls. Its tools connect technicians, dispatchers, the back office and customers to coordinate service work and reduce manual administration.
- SectorEducationWhat they doHāpara develops classroom-management software for schools using Google Workspace for Education. Its tools organise teaching and learning workflows and provide browser monitoring and content filtering for in-person and remote learning.
- SectorConsumer & retailWhat they doIthos Global develops regulatory-compliance and formulation-management software for cosmetic brands and manufacturers. Its platform combines compliance information, technical tools and regulatory expertise to support product and document workflows.
- SectorEducationWhat they doLabStats provides computer and software usage monitoring for colleges and universities. IT teams use its analytics to understand campus technology usage, manage equipment and licences, and help students locate available computer resources.
- SectorHealthcareWhat they doMcCreadie Group develops software for research pharmacies and pharmacy education. Its Vestigo and PharmAcademic products support clinical-trial pharmacy operations, training and compliance in healthcare and academic pharmacy settings.
- SectorConsumer & retailWhat they dopearldive develops AI-assisted listing and sorting software for secondhand retailers. Its tools help teams identify, value and publish donated or resale inventory, and integrate with Upright’s listing workflow.
- SectorSoftware & IT servicesWhat they doRoyal 4 Systems develops warehouse-management, ERP and supply-chain execution software. Its WISE platform connects receiving, storage, fulfilment, yard operations and billing for manufacturers, distributors, third-party logistics providers and other industries.
- SectorSoftware & IT servicesWhat they doRT Systems develops warehouse-management and distribution software for high-volume operations. Its systems support inventory accuracy, throughput and execution across customers in a range of industries.
- SectorIndustrials & manufacturingWhat they doRubber Tree Systems develops sales-execution and reporting software for industrial distributors and manufacturers. Its tools help sales teams use customer and business data to manage accounts and improve commercial activity.
- SectorConsumer & retailWhat they doSecure Retail POS Systems provides point-of-sale software for secondhand retailers, including Goodwill organisations. Its systems support store operations, retail transactions and the operational needs of thrift businesses.
- SectorConsumer & retailWhat they doSolutions ITW develops point-of-sale and operational software for Goodwill retail organisations. Its Solutions DGR platform supports thrift-store processes and provides data for managing donated-goods retail operations.
- SectorIndustrials & manufacturingWhat they doSpiro.ai develops CRM software designed for manufacturers and their distribution relationships. Its platform captures sales activity and customer interactions to help teams manage accounts, repeat orders and commercial follow-up.
- SectorEducationWhat they doSPOL provides institutional planning and improvement software for colleges and universities. Its platform connects strategic planning, accreditation, assessment, credentialing and budgeting to help institutions document progress and accountability.
- Upright LabsProf. servicesSectorConsumer & retailWhat they doUpright Labs provides multichannel listing, inventory and operational tools for secondhand retailers. It combined with Neatoscan after Cordance’s 2023 acquisition; the Neatoscan Books & Media platform has been rebuilt into Upright Books. The business also provides implementation and operational advisory services.
- SectorIndustrials & manufacturingWhat they doWebPresented develops CRM, quoting and business-intelligence software for industrial distributors. Its WPCRM platform connects sales and customer information with enterprise systems to support account management and commercial decisions.
Sources
- cordance.co · portfolio page
- cordance.co · website
- cordance.co · research
- cordance.co · research
- cordance.co · research
- cordance.co · research
- cordance.co · research
The truth, first.Data as at 2026-09-25